Andover Bancorp, Inc.

Andover Bancorp, Inc.

ANDC
Andover Bancorp, Inc.US flagOther OTC
20.06
USD
- -
- -
39.96MMarket Cap
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
Revenue per Share
6.37
6.94
8.05
8.66
8.69
8.84
- -
Basic EPS, GAAP
1.56
1.85
2.42
2.29
1.8
1.53
- -
Free Cash Flow per Basic Share
1.51
3.59
2.85
2.64
2.59
2.66
- -
Dividend per Share
0.73
0.73
0.76
0.74
0.75
0.76
- -
Book Value per Share
24.25
26.28
28.93
31.79
33.18
34.6
- -
Tangible Book Value per Share
16.56
19.91
19.65
5.16
8.41
7.31
- -
Basic Weighted Avg Shares
2
2
2
2
2
2
- -
Sales/Revenue/Turnover
15
16
18
18
18
18
20
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
1
1
1
1
1
1
1
Net Income, GAAP
4
4
5
5
4
3
4
Effective Tax Rate (%)
9.19
7.38
7.4
4.01
3.6
3.61
0.74
Profit Margin (%)
24.41
26.59
30.11
26.43
20.75
17.36
21.85
Working Capital
- -
- -
- -
- -
- -
- -
- -
LT Debt
15
18
20
30
10
10
10
Total Equity
43
49
47
14
20
18
28
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
7.18
8.63
7.38
5.51
4.49
6.03

Capital Structure

FRC

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

FRC

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
4.2%
60.82%
Free Cash Flow
- -
-8.46%
-4.72%
Net Income, GAAP
- -
3.36%
38.68%
Sales/Revenue/Turnover
- -
4.73%
10.23%
Total Cash Common Dividend
- -
-1.89%
-1.9%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
18
2024
- -
- -
- -
- -
18
2025
- -
- -
- -
- -
20

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
1.8
2024
- -
- -
- -
- -
1.53
2025
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.75
2024
- -
- -
- -
- -
0.76
2025
- -
- -
- -
- -
- -

Company Description

APIChatGPT
CEO
Stephen E. Varckette
Full Time Employees
97
Sector
Financial Services
Industry
Banks - Regional
Address
600 East Main Street Andover OH United States of America 44003
IPO Date
Feb 7, 2018
Business
Andover Bancorp, Inc. (ANDC) operates as the bank holding company for Andover Bank, a community-focused financial institution providing commercial and retail banking products and services to individuals, small businesses, and local organizations in northeastern Ohio and northwestern Pennsylvania. Andover Bank offers deposit products including savings accounts, checking accounts, individual retirement accounts, and certificates of deposit; consumer and mortgage lending such as mortgage loans, construction loans, home equity lines of credit, vehicle loans, student loans, and personal loans; commercial lending encompassing term loans, commercial real estate loans, small business administration loans, working capital lines of credit, equipment financing, investment property loans, land development loans, acquisition financing, partnership buyouts, municipal financing, and non-profit financing services; debit and credit cards; and ancillary services including overdraft protection, remote deposit capture, automatic account transfers and payments, cash management, lock box services, safe deposit boxes, night deposit, ACH and wire transfers, merchant card processing, mobile and online banking, telephone banking, investment products, and insurance products. The bank maintains 10 full-service branches across communities including Andover, Ashtabula, Austinburg, Conneaut, Geneva, Jefferson, and Madison in Ohio, and Albion, Edinboro, and Erie in Pennsylvania, plus a loan production office in Stow, Ohio. Founded in 1884 as The Andover Banking Company and reorganized under Andover Bancorp, Inc. in 1984, the company is headquartered at 600 East Main Street, Andover, Ohio. In recent developments, Andover Bancorp increased its semi-annual dividend to $0.38 per share, paid on July 1, 2025, for the first half of 2025 and on January 2, 2025, for the second half of 2024, up from $0.375 per share in prior periods; the company also reported total assets of approximately $566 million as of December 31, 2024, reflecting steady growth in its regional banking operations.

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