Hanover Bancorp, Inc. Reports Earnings for the Second Quarter and Declares $0.10 Quarterly Cash Dividend
TBBKThe Bancorp(TBBK) GlobeNewswire News Room·2024-07-25 04:00

Second Quarter Performance Highlights Net Income: Net income for the quarter ended June 30, 2024 totaled 0.8 million(aftergivingeffecttoanallowanceforcreditloss (“ACL”)onanindividuallyevaluatedloanof0.8 million (after giving effect to an allowance for credit loss (“ACL”) on an individually evaluated loan of 2.5 million and a 1.1 millionprovisionresultingfromongoingenhancementstothecurrentexpectedcreditloss (“CECL”)model)or1.1 million provision resulting from ongoing enhancements to the current expected credit loss (“CECL”) model) or 0.11 per diluted share (including Series A preferred shares), versus 4.1 millionor4.1 million or 0.55 per diluted share (including Series A preferred shares) in the prior li ...