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 that Camille Madden, President of HarborOne Mortgage, was named one of Mortgage Banker’s 2021 Powerful Women of Mortgage Banking. Under Ms. Madden's leadership, HarborOne Mortgage's income surged to $31.9 million in 2020, marking a 145.6% increase from 2019. The bank continues to thrive with $4.61 billion in assets and serves clients across Massachusetts and Rhode Island through 26 branches. The recognition highlights Ms. Madden's impact on the mortgage division and her commitment to community engagement.
HarborOne Bancorp, Inc. (NASDAQ: HONE) announced a quarterly cash dividend of $0.05 per share, payable on July 28, 2021 to shareholders of record by July 14, 2021. This declaration reflects the company's commitment to returning value to its shareholders. The release includes forward-looking statements, surrounded by significant risks, including the potential impacts of COVID-19 on operations and credit quality.
HarborOne Bancorp reported a net income of $19.4 million, equating to $0.37 per share for Q1 2021, surpassing both the prior quarter and the same period last year. The quarterly dividend increased by 67% to $0.05 per share. Total assets rose by 2.7% to $4.61 billion, with a 4.8% growth in deposits. Despite a 2.1% decrease in net interest income, noninterest income increased by 2.1%.
Management remains optimistic about growth in a stabilizing economic environment.
HarborOne Bancorp, Inc. (NASDAQ: HONE) has announced a new share repurchase program, allowing the company to buy back up to 2,790,903 shares, approximately 5% of its common stock as of March 31, 2021. This initiative, subject to regulatory approval, aims to enhance shareholder value. The repurchases will occur in open market transactions and may depend on various factors including market conditions. The program can be suspended or terminated at any time and is set to expire on April 16, 2022.
HarborOne Bancorp, Inc. (NASDAQ: HONE) has declared a quarterly cash dividend of $0.05 per share, an increase from $0.03 paid previously. This dividend will be paid on April 28, 2021, to shareholders of record by April 14, 2021. The annualized dividend rate is $0.20 per share. Executives noted that this increase is backed by strong financial performance and projected earnings, supporting continued growth initiatives.
HarborOne Bancorp, Inc. (NASDAQ: HONE) announced its 2021 annual meeting of shareholders will occur virtually on May 26, 2021, at 10:00 AM ET. Shareholders of record as of March 29, 2021, can vote. The announcement also sets a new deadline for shareholder proposals under Rule 14a-8, which must be submitted by February 25, 2021, to be included in the proxy materials. Proposals submitted after this date will not be considered. HarborOne Bancorp operates HarborOne Bank and provides various financial services in Eastern Massachusetts and Rhode Island.
HarborOne Bancorp (NASDAQ: HONE) reported a net income of $17.6 million, or $0.33 per share, for Q4 2020, up from $11.9 million in Q3 2020 and $4.3 million in Q4 2019. For the year, net income totaled $44.8 million, a significant increase compared to $18.3 million in 2019. Major financial highlights include a 145.6% rise in mortgage banking income, totaling $31.9 million, and a 4.2% growth in deposits. The return on average assets stood at 1.61%, while the return on equity reached 10.13%.
HarborOne Bancorp, Inc. (NASDAQ: HONE) announced a quarterly cash dividend of $0.03 per share, payable on January 18, 2021, to shareholders of record as of January 4, 2021. The release includes forward-looking statements highlighting risks that could affect financial performance, such as impacts from the COVID-19 pandemic, economic conditions, loan default rates, and regulatory changes. The company operates 25 branches in Eastern Massachusetts and Rhode Island, providing various financial services and educational programs.
HarborOne Bancorp reported a net income of $11.9 million ($0.22/share) for Q3 2020, up from $10.6 million ($0.19/share) in Q2 and $7.1 million ($0.13/share) in Q3 2019. Year-to-date net income increased to $27.2 million ($0.50/share) from $14.0 million ($0.25/share) last year. Key highlights include a 5.3% growth in commercial loans and a record $38.1 million in mortgage banking income amid low mortgage rates. Total assets decreased by 0.8% to $4.43 billion, while noninterest income rose by 15.1% to $44.5 million. The Bank maintains strong capital ratios, exceeding regulatory requirements.
HarborOne Bancorp (NASDAQ:HONE) has appointed Andreana Santangelo, the Executive Vice President and Chief Financial Officer of Blue Cross Blue Shield of Massachusetts, to its Board of Directors. With extensive experience in finance, management, and community involvement, Santangelo brings a wealth of expertise in financial modeling and asset management. HarborOne Bank, headquartered in Massachusetts, manages assets of $4.46 billion and serves customers throughout the region. The addition of Santangelo is expected to support the company’s strategic growth initiatives.
