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) announced a quarterly cash dividend increase from $0.05 to $0.07 per share, marking a 40% rise. The dividend will be paid on April 27, 2022 to shareholders of record as of April 13, 2022. CEO James W. Blake noted that this increase is supported by current and projected earnings. This results in an annualized dividend rate of $0.28 per share, reflecting the company's strong financial performance and commitment to returning value to shareholders.
HarborOne Bancorp, Inc. (NASDAQ: HONE) announced its 2022 Annual Meeting of Shareholders will be held on May 18, 2022, at 10:00 a.m. in Randolph, Massachusetts. Shareholders of record as of March 22, 2022, are entitled to vote, with options for remote participation. Further details regarding remote access will be provided in the proxy statement. HarborOne Bancorp is the holding company for HarborOne Bank, which operates 30 branches in Eastern Massachusetts and Rhode Island, serving various financial needs and offering educational services through HarborOne U.
The Board of Directors of HarborOne Bancorp, Inc. (NASDAQ: HONE) announced that CEO James W. Blake will retire on May 18, 2022. Joseph F. Casey, currently President and COO, will succeed him as CEO on May 19, 2022. Blake, who has led the company since 1995, oversaw significant growth, increasing assets from $458 million to over $4.5 billion and expanding branches from 7 to 30. Casey has been with the bank since 2004 and has held various leadership roles. The transition marks a continued commitment to growth and community service.
HarborOne Bancorp (HONE) reported a net income of $58.5 million, or $1.14 per diluted share, for the year ended December 31, 2021, marking a 30.6% increase from 2020. For Q4 2021, net income was $12.6 million, slightly up from Q3 2021's $12.3 million but down from $17.6 million in Q4 2020. Key highlights include 12.1% commercial loan growth and a 9.4% rise in net interest income year-over-year. The company maintained a return on average assets of 1.29% and plans to continue expanding in metro Boston.
HarborOne Bancorp, Inc. (NASDAQ: HONE) has declared a quarterly cash dividend of $0.05 per share, scheduled for payment on January 18, 2022. Shareholders of record as of the close of business on January 4, 2022 will receive this dividend. The announcement highlights the company's ongoing commitment to returning value to its shareholders amidst potential challenges in the financial landscape, including ongoing pandemic impacts and economic uncertainties, which may affect future financial results.
HarborOne Bancorp reported a net income of $12.3 million, or $0.24 per diluted share for Q3 2021, down from $14.3 million in Q2 2021. Year-to-date income rose to $45.9 million compared to $27.2 million last year. Key highlights included commercial loan growth of $52.8 million and a $1.6 million reversal in loan loss provisions. However, net interest income increased slightly to $32.8 million, with a net interest margin of 3.08%. The bank announced a new branch expansion in Boston, aiming to bolster its market presence.
HarborOne Bancorp, Inc. (NASDAQ: HONE) has declared a quarterly cash dividend of $0.05 per share, payable on October 27, 2021, to shareholders of record by October 13, 2021. This announcement reflects the company's ongoing commitment to return value to its shareholders. HarborOne Bancorp is the holding company of HarborOne Bank, which operates 27 branches in Massachusetts and Rhode Island, serving various financial needs across the regions.
HarborOne Bancorp announced the acquisition of four former East Boston Savings Bank branches in Brighton, Cambridge, and Brookline, Massachusetts, expanding its presence in Greater Boston. The transaction awaits contingencies and is slated to finalize post Rockland Trust's acquisition of East Boston Savings Bank. This move aligns with HarborOne's growth strategy, leveraging market disruptions to enhance banking service delivery.
HarborOne Bancorp, Inc. (NASDAQ: HONE) has initiated a new share repurchase program, allowing the company to buy back up to 2,668,159 shares, approximately 5% of its outstanding shares. This program is authorized through regulatory approval and follows a previous buyback completed on September 8, 2021. The repurchase will be conducted in open market transactions, depending on factors like market conditions and corporate priorities. Any repurchased shares will be held as authorized but unissued shares, and the program may be suspended or terminated at any time before its expiration on September 17, 2022.
HarborOne Bancorp reported a net income of $14.3 million ($0.27 per diluted share) for Q2 2021, declining from $19.4 million ($0.37) in Q1 and increasing from $10.6 million ($0.19) a year prior. Year-to-date income reached $33.7 million ($0.64), doubling from $15.3 million in the same period last year. The bank maintained strong asset quality with net recoveries of 0.02% and a $4.3 million provision reversal. Notably, total noninterest income fell 42.6% to $21.7 million, attributed to decreased mortgage activity. Total assets slightly increased to $4.62 billion.
