Hanover Bancorp (HNVR) Tax Provisions (2020 - 2026)
Hanover Bancorp (HNVR) posted Tax Provisions of $1.1 million for Q1 2026, up 964.08% on a QoQ basis from $103000.0 in Q4 2025, and up 349.18% year-over-year from $244000.0 in Q1 2025.
Hanover Bancorp (HNVR) Tax Provisions (2020 - 2026) Analysis & Trends
Hanover Bancorp's Tax Provisions history runs 7 years deep, the most recent figure standing at $1.1 million for Q1 2026.
- Quarterly Tax Provisions rose 349.18% year-over-year to $1.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $3.3 million (down 50.54% YoY) and the FY2025 annual result came in at $2.5 million, down 38.85% from the prior year.
- Tax Provisions was $1.1 million for Q1 2026 at Hanover Bancorp, up from $103000.0 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.
- A 5-year average of $1.4 million and a median of $1.3 million in 2024 frame the typical range for Tax Provisions.
- Annual changes were most pronounced in 2022 — Tax Provisions soared 993.1% — and 2025, when it tumbled 81.87%.
- Hanover Bancorp's 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 964.08% to $1.1 million in 2026.
- Business Quant data shows HNVR's Tax Provisions at $1.1 million in Q1 2026, $103000.0 in Q4 2025, and $1.2 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | KB Financial | 43,124.21 Bn | 43,125.44 Bn | -775,612.08 | 422,877.20 |
| 2 | Shinhan Financial | 33,971.34 Bn | 33,973.00 Bn | - | 385.94 Mn |
| 3 | Bank Of Chile | 4,105.33 Bn | 4,105.33 Bn | 167,623.00 | -78,154.00 |
| 4 | NatWest | 768.74 Bn | 572.78 Bn | 1.79 Bn | -709.14 Mn |
| 5 | Mizuho Financial | 385.64 Bn | 389.59 Bn | - | 75.02 Mn |
| 6 | Lloyds Banking | 358.14 Bn | 358.14 Bn | - | -633.64 Mn |
| 7 | First Capital | 200.03 Bn | 199.69 Bn | - | 1.03 Mn |
| 8 | Landmark Bancorp | 187.97 Bn | 187.94 Bn | - | 1.25 Mn |
| 9 | Pnc Financial Services | 100.96 Bn | 101.01 Bn | - | 415.00 Mn |
| 10 | Hanover Bancorp | 184.29 Mn | -11.17 Mn | - | 1.10 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2022 | 1.59 Mn |
| Mar 31, 2022 | 1.70 Mn |
| Dec 31, 2021 | 1.94 Mn |
| Sep 30, 2021 | 1.77 Mn |
| Jun 30, 2021 | 145,000.00 |
| Mar 31, 2021 | 514,000.00 |
| Dec 31, 2020 | 404,000.00 |
| Sep 30, 2020 | -914,000.00 |
| Jun 30, 2020 | 374,000.00 |