Hanover Bancorp
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Hanover Bancorp's past years’ income statements indicate that its last revenue has increased compared to the previous period by 3430% to $59,908,000. Profit margin reached 25%. Total operating expenses were $32,107,000.
Profit Margin
| 2017 | 13.04M | 2.15M | 16.49% |
|---|---|---|---|
| 2019 | 39.26M | 8.08M | 20.59% |
| 2020 | 28.48M | 4.97M | 17.46% |
| 2021 | 45.05M | 10.85M | 24.08% |
| 2022 | 1.69M | 23.55M | 1388.1% |
| 2023 | 59.90M | 15.16M | 25.31% |
HNVR Income Statement (2017 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2017 | |
|---|---|---|---|---|---|---|
Revenue | ||||||
Revenue | 59.90M | 1.69M | 45.05M | 28.48M | 39.26M | 13.04M |
Cost of revenue | 2.92M | 0 | 0 | 0 | 0 | 0 |
Gross profit | 56.98M | 1.69M | 45.05M | 28.48M | 39.26M | 13.04M |
Operating exp. | ||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 27.01M | 348K | 118K | 296K | 487K | 299K |
Total operating expenses | 32.10M | 5.08M | -31.00M | -22.27M | 3.27M | 9.43M |
Operating income | 19.21M | 37.67M | 14.05M | 6.21M | 11.39M | 3.91M |
Other income (expenses), net | 975K | -7.17M | 13.69M | -2.10M | 10.32M | -1.38M |
Income before tax | 20.18M | 30.49M | 14.05M | 6.21M | 10.32M | 3.61M |
Income tax expense | 5.02M | 6.93M | 3.20M | 1.24M | 2.24M | 1.46M |
Net income | 15.16M | 23.55M | 10.85M | 4.97M | 8.08M | 2.15M |
Earnings per share | ||||||
Basic EPS | 2.07 | 3.74 | 2.32 | 1.19 | 1.93 | 0.78 |
Diluted EPS | 2.05 | 3.68 | 2.28 | 1.19 | 1.93 | 0.78 |
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