Provides banking services to small businesses and individuals in the New York metro area.
Jun 2026Revenue $130M/yrExpenses $117M/yr
Expected to fall below break-even Aug 2034
Figures by year
Is Hanover Bancorp still profitable?
Yes. In the 12 months to Jun 2026, revenue was $130M and expenses $117M. Its expenses are growing faster than its revenue, and the trends are projected to cross in Aug 2034.
| Fiscal year to | Revenue | Expenses | Pre-tax profit |
|---|---|---|---|
| Dec 2025 | $130M | $121M | $9.95M |
| Dec 2024 | $133M | $117M | $16.4M |
| Sep 2023 | $105M | $84.9M | $20.2M |
| Sep 2022 | $68.4M | $37.9M | $30.5M |
| Sep 2021 | $48.7M | $34.6M | $14.1M |
| Sep 2020 | $40.1M | $33.9M | $6.21M |
When the cash runs out, on the chart. A red line at the date the company’s cash would run out at its latest burn, so you can see whether it gets to break-even first. Part of a subscription.