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 (HONE) provides essential financial services through its cooperative banking model and mortgage solutions across New England communities. This news hub offers investors and stakeholders timely updates about strategic developments, regulatory compliance, and community-focused banking initiatives.
Access curated press releases detailing earnings reports, leadership changes, and product innovations. Discover announcements about commercial lending expansions, digital banking enhancements, and local economic partnerships that reflect HarborOne’s dual commitment to growth and community service.
Key updates include quarterly financial results, merger/acquisition activity, and regulatory filings. Track the company’s progress in sustainable banking practices and its responses to evolving market conditions in the New England region.
Bookmark this page for streamlined access to verified information about HONE’s operational milestones. Combine these updates with SEC filings and earnings call transcripts available on Stock Titan for comprehensive investment analysis.
HarborOne Bancorp, Inc. (NASDAQ: HONE) reported a net income of $45.6 million for 2022, a 22.1% drop from $58.5 million in 2021. For Q4 2022, net income was $9.6 million, down from $13.8 million in Q3 2022. Key highlights include a 13.4% increase in net interest income to $39.2 million, driven by growth in loans and deposit growth of 13.8%. Nonperforming loans decreased significantly to 0.32% of total loans. However, total noninterest income fell 30.5% QoQ. The Company's total assets rose by 7.5% to $5.36 billion, reflecting strong loan growth.
HarborOne Bancorp, Inc. (NASDAQ: HONE) declared a quarterly cash dividend of $0.07 per share, payable on January 17, 2023, to shareholders of record as of the close of business on January 3, 2023. This announcement reflects the company's ongoing commitment to returning value to its shareholders amidst the challenges posed by the COVID-19 pandemic. HarborOne Bancorp, operating through its bank in Massachusetts and Rhode Island, continues to prioritize its financial stability and customer service.
HarborOne Bancorp reported a third-quarter net income of $13.8 million, or $0.30 per share, reflecting a 37.8% increase from the previous quarter. Loan growth reached $285.4 million (7.3%), contributing to a total asset increase of $283.6 million (6.0%). Net interest income rose 12.7% to $39.3 million. However, total noninterest income decreased 35.3% year-over-year. The effective tax rate improved to 25.4% from 27.6% in the prior quarter. The bank maintains strong capital ratios while facing unrealized losses on securities.
HarborOne Bancorp, Inc. (NASDAQ: HONE) has declared a quarterly cash dividend of $0.07 per share, scheduled for payment on October 26, 2022 to shareholders of record as of October 12, 2022. This decision reflects the company’s ongoing commitment to return value to shareholders. The press release also includes cautionary statements about potential risks and uncertainties, emphasizing that actual results may differ from expectations due to various factors including economic conditions and credit risks.
HarborOne Bancorp, Inc. (NASDAQ: HONE) announced a share repurchase program approved by regulators, allowing the buyback of up to 2,450,208 shares, representing about 5% of outstanding shares. This program follows a previous buyback initiated on April 12, 2022. Shares will be purchased in open market transactions as per market conditions and operational requirements. The program can be suspended or terminated at any time and is set to expire on September 21, 2023.
HarborOne Bancorp reported a net income of $10.0 million or $0.21 per share for Q2 2022, a decline from $12.3 million in Q1 2022 and $14.3 million in Q2 2021. Loan growth reached $174.6 million (4.7%), while core deposits grew $96.3 million (3.0%). Net interest margin increased 27 basis points to 3.48%. Total noninterest income dropped 26.0% to $14.1 million, primarily due to mortgage banking income decline. Noninterest expenses rose slightly to $35.0 million.
HarborOne Bancorp, Inc. (NASDAQ: HONE) has announced a quarterly cash dividend of $0.07 per share, payable on July 27, 2022, to shareholders of record by July 13, 2022. This dividend declaration reflects the company's ongoing commitment to returning value to its investors amidst a challenging economic landscape influenced by the COVID-19 pandemic and evolving market conditions. HarborOne Bancorp, the parent company of HarborOne Bank, operates in Eastern Massachusetts and Rhode Island, serving both consumers and businesses.
HarborOne Bancorp, Inc. (NASDAQ:HONE) has appointed Anne Margulies, former Chief Information Officer of Harvard University, to its Board of Directors. With over 35 years of leadership experience, Margulies brings a wealth of expertise in information technology and strategic planning. Her previous roles include founding Executive Director of MIT OpenCourseWare and serving as Assistant Secretary for Information Technology in Massachusetts. This appointment is expected to guide HarborOne as it adapts to the evolving digital banking landscape.
HarborOne Bancorp (NASDAQ: HONE) reported a net income of $12.3 million for Q1 2022, down from $19.4 million year-over-year. Earnings per share remained at $0.25, with significant commercial loan growth of $123.3 million or 5.5%. Total assets rose 0.8% to $4.59 billion, with total deposits at $3.76 billion. The net interest margin ticked up to 3.21%, while nonperforming assets improved to 0.57% of total assets. A 40% dividend increase was announced alongside a fourth share repurchase program.
HarborOne Bancorp, Inc. (NASDAQ: HONE) has announced a new share repurchase program for up to 2,526,134 shares, representing about 5% of its outstanding shares. This program follows the completion of a previous buyback on March 25, 2022, and has received the necessary regulatory approvals. Share repurchases will depend on market conditions, corporate needs, and regulatory requirements. The program can be suspended or terminated at any time and is set to expire on April 12, 2023.
