Hanover Bancorp, Inc. (HNVR) Balance Sheet
HNVR balance sheet, FY2025
September 30, 2025 · U.S. dollars$2.38B assets = $2.18B liabilities + $200.3M equity
Both columns are drawn to the same scale: what HNVR owns equals what it owes plus shareholders’ equity. Hover a block for its value.
HNVR financial health
Descriptive bands, not a rating. Fiscal FY2025.
HNVR balance sheet trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $362.3MFY2016 | $2.38BFY2025 | +23.3%/yr | |
| Total liabilities | $60.4MFY2016 | $2.18BFY2025 | +49.0%/yr | |
| Shareholders’ equity | $32.1MFY2016 | $200.3MFY2025 | +22.6%/yr | |
| Cash & short-term investments | $27.9MFY2016 | $245.8MFY2025 | +27.3%/yr | |
| Total debt | $60.4MFY2016 | $136.0MFY2025 | +9.4%/yr | |
| Net cash (debt) | −$32.5MFY2016 | $109.8MFY2025 | +$142.3M | |
| Working capital | −$409.1MFY2018 | −$1.77BFY2025 | −$1.4B | |
| Book value per share | $12.24FY2016 | $26.78FY2025 | +9.1%/yr | |
| Debt / equity | 1.88FY2016 | 0.68FY2025 | −1.20 | |
| Shares outstanding | 2.6MFY2016 | 7.5MFY2025 | +12.4%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
HNVR assets
HNVR liabilities and equity
HNVR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
HNVR balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $245.8M | $246.6M | $238.1M | $161.8M | $159.0M | $86.2M | $87.8M | $57.1M | $35.0M | $27.9M |
| Cash & equivalents | $208.9M | $162.9M | $176.7M | $149.5M | $151.3M | $80.2M | $87.8M | $57.1M | $35.0M | $27.9M |
| Short-term investments | $36.9M | $83.8M | $61.4M | $12.3M | $7.7M | $6.0M | — | — | — | — |
| Receivables | $11.8M | $11.8M | $11.9M | $8.5M | $9.4M | $6.8M | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | −$217.4M | $0 | −$180.1M | −$91.6M | $0 | $0 | $0 | $0 |
| Other current assets | $3.2M | $3.4M | $220.9M | $3.4M | $184.4M | $91.6M | $7.7M | $0 | $0 | $0 |
| Total current assets | $260.9M | $261.8M | $253.5M | $173.8M | $172.6M | $93.0M | $95.5M | $57.1M | $35.0M | $27.9M |
| Property, plant & equipment (net) | $14.3M | $15.3M | $15.9M | $14.5M | $15.0M | $14.2M | $14.4M | $13.8M | $0 | $0 |
| Goodwill & intangible assets | $25.7M | $25.4M | $24.1M | $23.9M | $23.3M | $2.1M | $1.5M | $0 | $0 | $0 |
| Long-term investments | $100.6M | $87.5M | $15.0M | $16.7M | $16.4M | $16.8M | $0 | $0 | $0 | $0 |
| Other non-current assets | $1.98B | $1.92B | $1.96B | $1.61B | $1.26B | $725.6M | $737.4M | $579.0M | $466.4M | $334.4M |
| Total assets | $2.38B | $2.31B | $2.27B | $1.84B | $1.48B | $851.6M | $848.8M | $650.0M | $501.4M | $362.3M |
| Liabilities | ||||||||||
| Accounts payable | $1.7M | $1.5M | $1.7M | $915,000 | $1.3M | $374,000 | $650.3M | $466.2M | — | — |
| Short-term debt | — | — | $70.0M | $66.9M | $15.0M | — | — | — | — | — |
| Deferred revenue | — | — | −$68.2M | $2.5M | −$13.7M | — | — | — | — | — |
| Total current liabilities | $2.03B | $1.96B | $1.91B | $1.53B | $1.17B | $374,000 | $225.8M | $466.2M | — | — |
| Long-term debt | $125.5M | $132.5M | $204.5M | $24.6M | $184.2M | $100.1M | $0 | $0 | $0 | $0 |
| Lease obligations | $10.6M | $9.0M | $10.9M | — | — | — | — | — | — | — |
| Other long-term liabilities | $27.2M | $27.2M | $0 | $113.9M | $12.0M | $0 | $551.1M | $124.5M | $82.4M | $60.4M |
| Total liabilities | $2.18B | $2.12B | $2.09B | $1.67B | $1.36B | $773.6M | $776.9M | $124.5M | $82.4M | $60.4M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $71,000 | $72,000 | $72,000 | $73,000 | $56,000 | $42,000 | $42,000 | $54.2M | $41.8M | $32.1M |
| Retained earnings (deficit) | $72.4M | $67.9M | $58.6M | $46.5M | $25.0M | $14.1M | $9.1M | — | — | — |
| Accumulated other comprehensive income | −$680,000 | −$1.3M | −$2.5M | −$620,000 | $256,000 | $156,000 | $22,000 | — | — | — |
| Total shareholders' equity | $200.3M | $196.6M | $184.8M | $172.6M | $122.5M | $78.0M | $72.0M | $54.2M | $41.8M | $32.1M |
| Key figures | ||||||||||
| Total debt | $136.0M | $141.5M | $164.0M | $126.3M | $184.2M | $100.1M | $115.7M | $124.5M | $82.4M | $60.4M |
| Net cash (debt) | $109.8M | $105.1M | $74.1M | $35.5M | −$25.2M | −$13.9M | −$27.9M | −$67.4M | −$47.4M | −$32.5M |
| Working capital | −$1.77B | −$1.69B | −$1.65B | −$1.36B | −$993.4M | $92.6M | −$130.2M | −$409.1M | — | — |
| Tangible book value | $174.6M | $171.2M | $160.7M | $148.7M | $99.2M | $76.0M | $70.5M | $54.2M | $41.8M | $32.1M |
| Book value per share | $26.78 | $26.46 | $25.96 | $28.03 | $25.75 | $18.65 | $17.19 | $16.03 | $15.14 | $12.24 |
| Shares outstanding | 7.5M | 7.4M | 7.1M | 6.2M | 4.8M | 4.2M | 4.2M | 3.4M | 2.8M | 2.6M |
| Current ratio | 0.13 | 0.13 | 0.13 | 0.11 | 0.15 | 248.69 | 0.42 | 0.12 | — | — |
| Quick ratio | 0.13 | 0.13 | 0.13 | 0.11 | 0.14 | 248.69 | 0.39 | 0.12 | — | — |
| Debt / equity | 0.68 | 0.72 | 0.89 | 0.73 | 1.50 | 1.28 | 1.61 | 2.30 | 1.97 | 1.88 |
| Equity / assets | 8.4% | 8.5% | 8.1% | 9.4% | 8.3% | 9.2% | 8.5% | 8.3% | 8.3% | 8.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $141.2M | $234.4M | $245.8M | $204.1M | $196.3M | $160.2M | $195.0M | $239.6M | $239.9M | $228.7M | $238.1M | $203.0M |
| Cash & equivalents | $141.2M | $194.4M | $208.9M | $167.6M | $164.5M | $160.2M | $162.9M | $141.2M | $141.1M | $135.9M | $176.7M | $192.1M |
| Short-term investments | $42.6M | $40.0M | $36.9M | $36.5M | $31.8M | — | $32.1M | $98.4M | $98.8M | $92.7M | $61.4M | $10.9M |
| Receivables | $11.6M | $11.5M | $11.8M | $11.8M | $11.7M | $12.0M | $11.8M | $12.5M | $12.5M | $12.4M | $11.9M | $10.6M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$153.6M | −$148.9M | −$1.6M | −$217.4M |
| Other current assets | $0 | $3.2M | $3.2M | $3.4M | $3.3M | $3.3M | $3.4M | $3.4M | $157.0M | $152.3M | $5.1M | $221.0M |
| Total current assets | $141.2M | $249.2M | $260.9M | $219.3M | $211.3M | $175.6M | $210.2M | $255.5M | $255.8M | $244.5M | $253.5M | $217.2M |
| Property, plant & equipment (net) | $28.7M | $14.0M | $14.3M | $14.5M | $14.4M | $14.5M | $23.7M | $16.4M | $16.5M | $15.6M | $15.9M | $16.1M |
| Goodwill & intangible assets | $25.2M | $25.4M | $25.7M | $25.8M | $25.8M | $25.6M | $25.4M | $25.2M | $24.9M | $24.6M | $24.1M | $24.0M |
| Long-term investments | $136.0M | $106.8M | $100.6M | $103.6M | $106.2M | $96.9M | $87.5M | $102.2M | $102.7M | $96.7M | $65.5M | $15.0M |
| Other non-current assets | $2.01B | $1.98B | $1.98B | $1.97B | $1.95B | $1.98B | $1.97B | $1.93B | $1.93B | $1.93B | $1.91B | $1.88B |
| Total assets | $2.34B | $2.37B | $2.38B | $2.33B | $2.31B | $2.29B | $2.31B | $2.33B | $2.33B | $2.31B | $2.27B | $2.15B |
| Liabilities | ||||||||||||
| Accounts payable | $1.8M | $1.7M | $1.7M | $1.8M | $1.5M | $1.9M | $1.5M | $1.9M | $1.6M | $2.0M | $1.7M | $1.8M |
| Short-term debt | — | — | — | — | — | — | — | — | $38.9M | $25.9M | $18.9M | $70.0M |
| Deferred revenue | — | — | — | — | — | — | — | — | −$1.6M | −$25.9M | −$1.7M | −$68.2M |
| Total current liabilities | — | $2.02B | $2.03B | $1.98B | $1.95B | $1.94B | $1.96B | $1.96B | $1.94B | $1.92B | $1.91B | $1.74B |
| Long-term debt | $94.0M | $118.8M | $125.5M | $125.5M | $132.5M | $132.5M | $132.5M | $150.5M | $173.6M | $173.6M | $153.6M | $204.5M |
| Lease obligations | $7.6M | $8.8M | $10.6M | $11.1M | $11.6M | $9.1M | $9.0M | $9.5M | $9.9M | $10.0M | $10.5M | $10.9M |
| Other long-term liabilities | $2.04B | $26.7M | $27.2M | $27.7M | $27.8M | $24.1M | $27.2M | $25.6M | $23.8M | $25.1M | $25.3M | $22.3M |
| Total liabilities | $2.13B | $2.17B | $2.18B | $2.13B | $2.11B | $2.09B | $2.12B | $2.14B | $2.14B | $2.12B | $2.09B | $1.96B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $71,000 | $72,000 | $71,000 | $72,000 | $72,000 | $72,000 | $72,000 | $72,000 | $71,000 | $72,000 | $72,000 | $72,000 |
| Retained earnings (deficit) | $76.8M | $73.5M | $72.4M | $73.1M | $70.4M | $68.7M | $67.9M | $64.8M | $62.0M | $61.9M | $58.6M | $58.7M |
| Accumulated other comprehensive income | −$571,000 | −$664,000 | −$680,000 | −$778,000 | −$1.2M | −$1.4M | −$1.3M | −$2.1M | −$1.3M | −$1.3M | −$2.5M | −$1.3M |
| Total shareholders' equity | $202.7M | $201.4M | $200.3M | $201.8M | $198.9M | $196.6M | $196.6M | $192.3M | $190.1M | $189.5M | $184.8M | $185.9M |
| Key figures | ||||||||||||
| Total debt | $101.7M | $127.6M | $136.0M | $136.5M | $144.1M | $141.7M | $141.5M | $160.0M | $183.5M | $183.6M | $164.0M | $215.4M |
| Net cash (debt) | $39.6M | $106.8M | $109.8M | $67.6M | $52.3M | $18.6M | $53.5M | $79.6M | $56.4M | $45.0M | $74.1M | −$12.4M |
| Working capital | — | −$1.77B | −$1.77B | −$1.76B | −$1.74B | −$1.76B | −$1.75B | −$1.70B | −$1.69B | −$1.67B | −$1.65B | −$1.52B |
| Tangible book value | $177.6M | $176.1M | $174.6M | $176.0M | $173.0M | $171.0M | $171.2M | $167.1M | $165.2M | $165.0M | $160.7M | $161.9M |
| Book value per share | $27.34 | $27.08 | $26.89 | $27.72 | $26.49 | $26.33 | $26.37 | $25.87 | $26.38 | $25.54 | $25.89 | $25.10 |
| Shares outstanding | 7.4M | 7.4M | 7.4M | 7.3M | 7.5M | 7.5M | 7.5M | 7.4M | 7.2M | 7.4M | 7.1M | 7.4M |
| Current ratio | — | 0.12 | 0.13 | 0.11 | 0.11 | 0.09 | 0.11 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 |
| Quick ratio | — | 0.12 | 0.13 | 0.11 | 0.11 | 0.09 | 0.11 | 0.13 | 0.13 | 0.13 | 0.13 | 0.12 |
| Debt / equity | 0.50 | 0.63 | 0.68 | 0.68 | 0.72 | 0.72 | 0.72 | 0.83 | 0.97 | 0.97 | 0.89 | 1.16 |
| Equity / assets | 8.7% | 8.5% | 8.4% | 8.7% | 8.6% | 8.6% | 8.5% | 8.3% | 8.2% | 8.2% | 8.1% | 8.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 13, 2026); data from EODHD.
HNVR financial position
At the end of fiscal 2025 (September 30, 2025), Hanover Bancorp had total assets of $2.4 billion (up 3.1% from a year earlier), total liabilities of $2.2 billion and shareholders' equity of $200.3 million. It held $245.8 million in cash and short-term investments against $136.0 million of debt, a net cash position of $109.8 million. Its current ratio was 0.13. In the latest quarter (ended June 30, 2026) total assets were $2.3 billion and equity $202.7 million.
Related: HNVR income statement, HNVR cash flow statement, HNVR key metrics. See the HNVR stock overview for the latest quote and news.
HNVR balance sheet FAQ
What are Hanover Bancorp's total assets?
Hanover Bancorp reported total assets of $2.4 billion at the end of fiscal 2025 (September 30, 2025), compared with $2.3 billion a year earlier.
How much debt does Hanover Bancorp have?
Hanover Bancorp had $136.0 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.68.
How much cash does Hanover Bancorp have?
Hanover Bancorp held $245.8 million in cash and short-term investments at the end of fiscal 2025; with $136.0 million of debt that is net cash of $109.8 million.
What is Hanover Bancorp's book value?
Hanover Bancorp's shareholders' equity (book value) was $200.3 million at the end of fiscal 2025, or $26.78 per share.
What is Hanover Bancorp's current ratio?
Hanover Bancorp had current assets of $260.9 million and current liabilities of $2.0 billion, a current ratio of 0.13 (current liabilities exceed current assets).
How much goodwill does Hanover Bancorp have?
Hanover Bancorp carried $25.7 million of goodwill and intangible assets, 1.1% of total assets, at the end of fiscal 2025.