Hanover Bancorp (HNVR) Tax Rate (2020 - 2026)
Hanover Bancorp's Tax Rate was 25.00% in Q2 2026, down 2.78 percentage points from 27.79% a year earlier and down 11.90 percentage points from the prior quarter.
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Analysis
Hanover Bancorp (HNVR) Tax Rate (2020 - 2026) Analysis & Trends
On a trailing twelve-month basis, Hanover Bancorp's Tax Rate was 28.29% through Jun 30, 2026, up 3.81 percentage points year-over-year; for FY2025, it was 24.77%, up 0.15 percentage points from FY2024.
- Tax Rate shows a five-year change of +4.82 percentage points (FY2020 to FY2025).
- In earlier years, Tax Rate was 24.62% in FY2024 (-0.76 pp), 25.38% in FY2023, 22.75% in FY2022 (-0.03 pp) and 22.78% in FY2021 (+2.82 pp).
- The Q2 2026 figure marks the lowest quarterly Tax Rate since Q1 2025.
- The best year-over-year quarter for Tax Rate over five years was Q1 2026 (a gain of 23.08 percentage points); the worst was Q3 2022 (a drop of 16.71 percentage points).
- Per Business Quant data, HNVR's Tax Rate in the three quarters before Q2 2026 was 36.90% (Q1 2026), 75.74% (Q4 2025) and 25.25% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 881.30 Bn | 881.30 Bn | - | 23.12% |
| 2 | Bank Of America | 354.90 Bn | -2,021.17 Bn | - | 21.54% |
| 3 | Hsbc Holdings | 311.39 Bn | -1,517.77 Bn | - | 60.94% |
| 4 | Morgan Stanley | 282.15 Bn | -226.95 Bn | - | 23.07% |
| 5 | Royal Bank Of Canada | 281.68 Bn | -548.32 Bn | - | 22.26% |
| 6 | Goldman Sachs | 255.22 Bn | -3,301.89 Bn | - | 22.60% |
| 7 | Mitsubishi Ufj Financial | 249.82 Bn | -82.42 Bn | 10.89 Bn | 24.29% |
| 8 | Wells Fargo & Company | 249.49 Bn | 251.62 Bn | - | 17.42% |
| 9 | Toronto Dominion Bank | 210.53 Bn | -465.35 Bn | - | - |
| 10 | Hanover Bancorp | 168.48 Mn | -543.68 Mn | - | 25.00% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 25.00% |
| Mar 31, 2026 | 36.90% |
| Dec 31, 2025 | 75.74% |
| Sep 30, 2025 | 25.25% |
| Jun 30, 2025 | 27.79% |
| Mar 31, 2025 | 13.82% |
| Sep 30, 2024 | 23.37% |
| Jun 30, 2024 | 27.18% |
| Mar 31, 2024 | 24.89% |
| Sep 30, 2023 | 24.87% |
| Jun 30, 2023 | 29.89% |
| Mar 31, 2023 | 23.25% |
| Dec 31, 2022 | 22.68% |
| Sep 30, 2022 | 22.71% |
| Jun 30, 2022 | 22.91% |
| Mar 31, 2022 | 22.48% |
| Dec 31, 2021 | 22.91% |
| Sep 30, 2021 | 23.25% |
| Jun 30, 2021 | 39.62% |
| Mar 31, 2021 | 20.01% |
API Access
Hanover Bancorp Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=HNVR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "HNVR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=HNVR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();