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HarborOne Bancorp, Inc. - HONE STOCK NEWS

Welcome to our dedicated page for HarborOne Bancorp news (Ticker: HONE), a resource for investors and traders seeking the latest updates and insights on HarborOne Bancorp stock.

HarborOne Bancorp, Inc. (NASDAQ: HONE) is a prominent bank holding company based in New England. As the largest state-chartered cooperative bank in the region, HarborOne boasts an impressive $2.1 billion in assets. For nearly a century, the company has steadfastly adhered to its mission of total commitment to customers, communities, and colleagues.

HarborOne serves 11 communities throughout southeastern Massachusetts with 14 full-service branches, offering a comprehensive suite of personal and small business banking products and services. Additionally, the bank provides state-of-the-art online and mobile banking tools to facilitate seamless financial management for its customers.

The company's mortgage and consumer lending services extend throughout eastern Massachusetts and northern Rhode Island. HarborOne's commercial lending team, consisting of seasoned veterans, specializes in delivering 'big bank' services with a local bank feel. The team offers expertise in loans, lines of credit, cash management services, and commercial real estate, addressing the diverse needs of today's business leaders.

HarborOne Bancorp operates through two primary segments: HarborOne Bank and HarborOne Mortgage. The bank segment provides a range of financial services, including deposit acceptance, lending, credit cards, money market accounts, and wealth management. The mortgage segment focuses on originating residential mortgage loans.

With branches located in Massachusetts and Rhode Island, and commercial lending offices in Boston and Providence, HarborOne is committed to fostering the growth and success of its communities. Initiatives like HarborOne U underscore this commitment by providing educational resources and support to local residents.

Recent achievements reflect the company's dynamic and forward-looking approach. HarborOne continues to expand its service offerings and strengthen its market presence, ensuring it remains a trusted partner for individuals and businesses alike.

Rhea-AI Summary
HarborOne Bancorp, Inc. appoints Stephen W. Finocchio as Executive Vice President and CFO, bringing over 20 years of experience in treasury and strategic planning. Finocchio's expertise in driving growth and innovation in financial institutions adds value to HarborOne's leadership team.
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HarborOne Bancorp, Inc. (NASDAQ: HONE) announces a 6.7% increase in quarterly cash dividend to $0.08 per share, reflecting confidence in current and projected earnings. The dividend will be paid on April 24, 2024, to shareholders of record as of April 10, 2024.
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HarborOne Bancorp, Inc. (HONE) schedules its 2024 annual meeting of shareholders for May 15, 2024, at 10:00 a.m. local time in Boston, Massachusetts. Shareholders as of March 18, 2024, are eligible to vote at the meeting.
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HarborOne Bancorp, Inc. (NASDAQ: HONE) reported a net income of $16.1 million for the year ended December 31, 2023, a decrease of 64.7% compared to the previous year. The fourth quarter of 2023 saw a net loss of $7.1 million. The results were impacted by the full impairment of goodwill at Harbor One Mortgage, LLC. Excluding the impairment charge, net income for the year was $26.9 million. The company also experienced deposit and loan growth, reduced noninterest expense, and share repurchases.
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HarborOne Bancorp, Inc. (HONE) declares a quarterly cash dividend of $0.075 per share
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HarborOne Bancorp, Inc. announces net income of $8.4 million for Q3 2023, compared to $7.5 million for Q2 2023 and $13.8 million for Q3 2022. Deposit growth of $160.5 million, reduced noninterest expense by 7.5%, and loan growth of $24.7 million. Commenced sixth share repurchase program. Net interest income decreased, noninterest income decreased by $1.1 million, and noninterest expenses were flat. Nonperforming assets decreased to $18.8 million. Total assets remained flat at $5.66 billion. Loans increased by $24.7 million and total deposits increased to $4.41 billion.
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HarborOne awarded $12,500 to two small business entrepreneurs in their 8th annual Pitch Contest. Bee Balm Company won first place and $10,000 to increase capacity and donate 5% of profits to charities. Stack House won second place and $2,500 to provide sustainable careers. HarborOne supports small businesses through their business banking services and resources.
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HarborOne Bancorp declares quarterly cash dividend of $0.075 per share
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FAQ

What is the current stock price of HarborOne Bancorp (HONE)?

The current stock price of HarborOne Bancorp (HONE) is $12.09 as of December 20, 2024.

What is the market cap of HarborOne Bancorp (HONE)?

The market cap of HarborOne Bancorp (HONE) is approximately 532.6M.

What is HarborOne Bancorp, Inc.?

HarborOne Bancorp, Inc. (NASDAQ: HONE) is the largest state-chartered cooperative bank in New England, providing comprehensive financial services.

Where are HarborOne's branches located?

HarborOne operates 14 full-service branches in southeastern Massachusetts and has commercial lending offices in Boston, MA, and Providence, RI.

What services does HarborOne offer?

HarborOne provides personal and small business banking, online and mobile banking, mortgage and consumer lending, commercial lending, and wealth management services.

What are HarborOne's areas of expertise in commercial lending?

HarborOne specializes in loans, lines of credit, cash management services, and commercial real estate.

How does HarborOne support local communities?

HarborOne supports local communities through initiatives like HarborOne U, which provides educational resources and support.

What are HarborOne's recent achievements?

HarborOne continues to expand its service offerings and strengthen its market presence, reflecting its dynamic and forward-looking approach.

Who are HarborOne's target customers?

HarborOne serves individuals and businesses in southeastern Massachusetts and northern Rhode Island.

What is HarborOne's asset size?

HarborOne Bancorp, Inc. has assets totaling $2.1 billion.

What is HarborOne's mission?

HarborOne's mission is total commitment to its customers, communities, and colleagues.

How can customers access HarborOne's services?

Customers can access HarborOne's services through its full-service branches, online and mobile banking platforms, and commercial lending offices.

HarborOne Bancorp, Inc.

Nasdaq:HONE

HONE Rankings

HONE Stock Data

532.58M
38.33M
12.98%
58.4%
0.57%
Banks - Regional
State Commercial Banks
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United States of America
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