Hanover Bancorp (Hanover Bancorp) Scaled Net Operating Assets : 0.06 (As of Mar. 2024)

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What is Hanover Bancorp Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Hanover Bancorp's operating assets for the quarter that ended in Mar. 2024 was $2,078.85 Mil. Hanover Bancorp's operating liabilities for the quarter that ended in Mar. 2024 was $1,934.33 Mil. Hanover Bancorp's Total Assets for the quarter that ended in Dec. 2023 was $2,270.06 Mil. Therefore, Hanover Bancorp's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.06.

Hanover Bancorp Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Hanover Bancorp's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Sep. 2022 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Sep. 2022 )
=	(Operating Assets (A: Sep. 2022 )	-	Operating Liabilities (A: Sep. 2022 ))	/	Total Assets (A: Sep. 2021 )
=	(1690.565	-	1541.154)	/	1484.641
=	0.10

where

	Operating Assets		(A: Sep. 2022 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1840.058	-	149.493
=	1690.565

	Operating Liabilities		(A: Sep. 2022 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1667.474	-	126.32	-	0
=	1541.154

Hanover Bancorp's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Mar. 2024 )
=	(Operating Assets (Q: Mar. 2024 )	-	Operating Liabilities (Q: Mar. 2024 ))	/	Total Assets (Q: Dec. 2023 )
=	(2078.849	-	1934.325)	/	2270.06
=	0.06

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	2307.508	-	228.659
=	2078.849

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2117.965	-	183.64	-	0
=	1934.325

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Hanover Bancorp (Hanover Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Hanover Bancorp Inc (NAS:HNVR) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

80 East Jericho Turnpike, Mineola, NY, USA, 11501

Website

https://www.hanoverbank.com

Hanover Bancorp Inc is a United States-based banking company. It offers a full range of financial services and employs a complete suite of consumer and commercial banking products and services, including multi-family and commercial mortgages, residential loans, business loans, and lines of credit.

Executives

Philip A Okun	director	C/O HANOVER BANCORP, INC., 80 EAST JERICHO TURNPIKE, MINEOLA NY 11501
Elena Sisti	director	C/O HANOVER BANCORP, INC., 80 EAST JERICHO TURNPIKE, MINEOLA NY 11501
John P Vivona	officer: FSVP & Chief Risk Officer	C/O HANOVER BANCORP, INC., 80 E JERICHO TURNPIKE, MINEOLA NY 11501
Katz Michael David M.d.	director	C/O HANOVER BANCORP, INC., 80 EAST JERICHO TURNPIKE, MINEOLA NY 11501
Alice T Rouse	officer: EVP & Chief Risk Officer	C/O HANOVER BANCORP, INC., 80 EAST JERICHO TURNPIKE, MINEOLA NY 11501
Kevin Corbett	officer: EVP & Chief Credit Officer	C/O HANOVER BANCORP, INC., 80 EAST JERICHO TURNPIKE, MINEOLA NY 11501
Mcclelland W Wilcox	officer: SEVP, C.Lending & Revenue Off.	C/O HANOVER BANCORP, INC., 80 EAST JERICHO TURNPIKE, MINEOLA NY 11501
John R Sorrenti	director	C/O HANOVER BANCORP, INC., 80 EAST JERICHO TURNPIKE, MINEOLA NY 11501
Metin Negrin	director	C/O HANOVER BANCORP, INC., 80 EAST JERICHO TURNPIKE, MINEOLA NY 11501
Ahron H Haspel	director	220 EAST 65TH STREET, APT. 24G, NEW YORK NY 10065-6629
Lance P Burke	officer: EVP & Chief Financial Officer	C/O HANOVER BANCORP, INC., 80 EAST JERICHO TURNPIKE, MINEOLA NY 11501
Lisa A Diiorio	officer: FSVP & Chief Accounting Off.	C/O HANOVER BANCORP, INC., 80 EAST JERICHO TURNPIKE, MINEOLA NY 11501
Varkey Abraham	director	C/O HANOVER BANCORP, INC., 80 EAST JERICHO TURNPIKE, MINEOLA NY 11501
Robert Golden	director	C/O GOLDEN PROPERTIES GROUP, LLC, 420 DOUGHTY BLVD., INWOOD NY 11096
Brian K Finneran	officer: President	C/O SUFFOLK BANCORP, 4 WEST SECOND STREET, P.O. BOX 9000, RIVERHEAD NY 11901