Hanover Bancorp (HNVR) Tax Provisions (2020 - 2026)
Hanover Bancorp's (HNVR) quarterly Tax Provisions came in at $1.4 million in Q2 2026, up 44.15% on a YoY basis from $940000.0 in Q2 2025, and up 23.63% quarter-over-quarter from $1.1 million in Q1 2026.
Analysis
Hanover Bancorp (HNVR) Tax Provisions (2020 - 2026) Analysis & Trends
Hanover Bancorp (HNVR) has reported Tax Provisions for 7 consecutive years, with $1.4 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Tax Provisions rose 44.15% year-over-year to $1.4 million; the trailing twelve-month figure through Jun 2026 stood at $3.7 million (down 10.93% YoY), and the FY2025 full-year result was $2.5 million, down 38.85% from the prior year.
- Tax Provisions improved to $1.4 million in Q2 2026 per HNVR's latest filing, from $1.1 million in the prior quarter.
- Across five years, Tax Provisions topped out at $3.5 million in Q3 2023 and bottomed at $103000.0 in Q4 2025.
- Historically, Tax Provisions has averaged $1.4 million across 5 years, with a median of $1.4 million in 2026.
- The sharpest annual moves came in 2022 and 2025: Tax Provisions jumped 993.1% in 2022, then sank 81.87% in 2025.
- Over 5 years, Tax Provisions stood at $1.6 million in 2022, then soared by 120.75% to $3.5 million in 2023, then slumped by 51.95% to $1.7 million in 2024, then sank by 93.8% to $103000.0 in 2025, then jumped by 1215.53% to $1.4 million in 2026.
- According to Business Quant data, Tax Provisions over the past three periods registered $1.4 million, $1.1 million, and $103000.0 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Banco Santander Chile | 950.85 Bn | 950.85 Bn | - | -51.13 Bn |
| 2 | Truist Financial | 61.46 Bn | 61.46 Bn | - | 262.00 Mn |
| 3 | Fifth Third Bancorp | 49.43 Bn | 25.71 Bn | - | 235.00 Mn |
| 4 | M&T Bank | 34.72 Bn | 34.72 Bn | - | 245.00 Mn |
| 5 | Huntington Bancshares | 33.60 Bn | 29.07 Bn | - | 165.00 Mn |
| 6 | Citizens Financial | 29.31 Bn | 29.31 Bn | - | 168.00 Mn |
| 7 | Regions Financial | 25.53 Bn | 25.53 Bn | - | 148.00 Mn |
| 8 | First Citizens Bancshares | 24.60 Bn | 24.07 Bn | 29.00 Mn | 219.00 Mn |
| 9 | Keycorp | 23.26 Bn | -24.44 Bn | - | 139.00 Mn |
| 10 | Hanover Bancorp | 201.63 Mn | 59.38 Mn | - | 1.36 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.36 Mn |
| Mar 31, 2026 | 1.10 Mn |
| Dec 31, 2025 | 103,000.00 |
| Sep 30, 2025 | 1.18 Mn |
| Jun 30, 2025 | 940,000.00 |
| Mar 31, 2025 | 244,000.00 |
| Jun 30, 2024 | 1.66 Mn |
| Mar 31, 2024 | 1.35 Mn |
| Sep 30, 2023 | 3.46 Mn |
| Jun 30, 2023 | 2.29 Mn |
| Mar 31, 2023 | 972,000.00 |
| Dec 31, 2022 | 1.57 Mn |
| Sep 30, 2022 | 1.71 Mn |
| Jun 30, 2022 | 1.59 Mn |
| Mar 31, 2022 | 1.70 Mn |
| Dec 31, 2021 | 1.94 Mn |
| Sep 30, 2021 | 2.14 Mn |
| Jun 30, 2021 | 145,000.00 |
| Mar 31, 2021 | 514,000.00 |
| Dec 31, 2020 | 404,000.00 |