Hanover Bancorp (HNVR) Tax Provisions (2020 - 2026)
Hanover Bancorp (HNVR) reported Tax Provisions of $1.1 million for Q1 2026, up 349.18% on a YoY basis from $244000.0 in Q1 2025, and up 168.37% quarter-over-quarter from -$1.6 million in Q4 2025.
Hanover Bancorp (HNVR) Tax Provisions (2020 - 2026) Analysis & Trends
Hanover Bancorp has reported Tax Provisions for 7 years, with the latest figure at $1.1 million in Q1 2026.
- For the quarter ending Q1 2026, Tax Provisions rose 349.18% year-over-year to $1.1 million; the trailing twelve-month figure through Mar 2026 stood at $1.6 million (down 47.51% YoY), and the FY2025 full-year result was $760000.0, down 77.9% from the prior year.
- Tax Provisions for Q1 2026 stood at $1.1 million, up from -$1.6 million in the prior quarter.
- The five-year high for Tax Provisions was $1.7 million in Q1 2022, with the low at -$1.6 million in Q4 2025.
- Historically, Tax Provisions has averaged $909538.5 across 5 years, with a median of $1.2 million in 2023.
- Annual changes were most pronounced in 2022 — Tax Provisions soared 993.1% — and 2025, when it plunged 81.87%.
- Hanover Bancorp's Tax Provisions stood at $1.6 million in 2022, then slipped by 25.54% to $1.2 million in 2023, then slumped by 72.98% to $315000.0 in 2024, then plunged by 608.89% to -$1.6 million in 2025, then surged by 168.37% to $1.1 million in 2026.
- The last three Tax Provisions figures came in at $1.1 million (Q1 2026), -$1.6 million (Q4 2025), and $1.2 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of Chile | 97,765.53 Bn | 97,765.53 Bn | - | -78,154.00 |
| 2 | Bank Bradesco | 6,846.93 Bn | 6,830.99 Bn | - | - |
| 3 | Lloyds Banking | 384.13 Bn | 384.40 Bn | - | -633.64 Mn |
| 4 | First Capital | 215.78 Bn | 215.63 Bn | - | 1.03 Mn |
| 5 | Itau Unibanco Holding | 202.78 Bn | 202.78 Bn | - | - |
| 6 | Landmark Bancorp | 180.37 Bn | 180.34 Bn | - | 1.25 Mn |
| 7 | NatWest | 168.65 Bn | -51.67 Bn | - | -709.14 Mn |
| 8 | Shinhan Financial | 136.54 Bn | 104.11 Bn | - | 391.52 Mn |
| 9 | Mizuho Financial | 112.02 Bn | 112.56 Bn | - | - |
| 10 | Hanover Bancorp | 178.34 Mn | -16.10 Mn | - | 1.10 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.10 Mn |
| Dec 31, 2025 | -1.60 Mn |
| Sep 30, 2025 | 1.18 Mn |
| Jun 30, 2025 | 940,000.00 |
| Mar 31, 2025 | 244,000.00 |
| Jun 30, 2024 | 315,000.00 |
| Mar 31, 2024 | 1.35 Mn |
| Sep 30, 2023 | 1.17 Mn |
| Jun 30, 2023 | 1.32 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 | 2.14 Mn |
| Jun 30, 2021 | 145,000.00 |
| Mar 31, 2021 | 514,000.00 |
| Dec 31, 2020 | 404,000.00 |
| Sep 30, 2020 | 462,000.00 |
| Jun 30, 2020 | 374,000.00 |