Item 5. Market for Registrant’s Common Equity
ITEM 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
The common stock of Hanover Bancorp, Inc. trades on The Nasdaq Global Select Market under the symbol “HNVR”. As of December 31, 2025, we had approximately 378 holders of record of our common stock, not including the number of persons or entities holding stock in nominee or the street name through various banks and brokers.
We have paid a cash dividend of $0.10 per share on a quarterly basis to holders of our common stock. The future determination of our dividend policy will be made at the discretion of our Board of Directors and will depend on a number of factors, including our earnings and financial condition, liquidity and capital requirements, the general economic and regulatory climate, our ability to service any equity or debt obligations senior to our common stock, and other factors deemed relevant by our Board of Directors. The Company (i.e., the company on an unconsolidated basis) is a separate and distinct legal entity from the Bank, and a substantial portion of the revenues the Company receives consists of dividends from the Bank. These dividends are the primary funding source for the dividends we pay on our common stock and the interest and principal payments on our debt. Various federal and state laws and regulations limit the amount of dividends that a bank may pay to its parent company. If the Bank is unable to pay dividends to the Company, we might not be able to service our debt, pay our obligations, or pay dividends on our common stock. For further information see “Supervision and Regulation—Dividends.”
There were no sales of unregistered securities during the quarter ended December 31, 2025.
The following table presents the information regarding purchases of common stock during the three months ended December 31, 2025:
Total number of
Maximum number
shares purchased
of shares that may
Total number
Average
as part of publicly
yet be purchased
of shares
price paid
announced plans or
under the plans or
Period
purchased
per share
programs
programs
October 2025
—
$
—
—
340,786
November 2025
35,511
22.22
35,511
305,275
December 2025
21,200
23.24
21,200
284,075
In October 2023, the Company announced the adoption of a new share repurchase program of up to 366,050 shares of its common stock, or approximately 5% of its then outstanding shares. The repurchase program permits shares to be repurchased in the open market as conditions allow, or in privately negotiated transactions. As of December 31, 2025, 284,075 shares remained available for repurchase under the program.
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ITEM 6. [Reserved]