HarborOne Bancorp, Inc. operates as the holding company for HarborOne Bank that provides financial services to individuals, families, small and mid-size businesses, and municipalities. The company operates in two segments, HarborOne Bank and HarborOne Mortgage. Its primary deposit products include checking, money market, savings, and term certificate of deposit accounts; and lending products comprise commercial real estate, commercial and industrial, commercial construction, one-to four-family residential real estate, second mortgages and equity lines of credit, residential construction, and auto and other consumer loans. The company, through HarborOne Mortgage, LLC, originates, sells, and services residential mortgage loans. It also provides a range of educational services through HarborOne U, such as classes on small business, financial literacy, and personal enrichment. As of December 31, 2020, the company operated 26 full-service branches located in Massachusetts and Rhode Island, as well as a commercial lending office in each of Boston, Massachusetts, and Providence, Rhode Island. It also operates administrative offices in Brockton, Massachusetts, as well as 5 ATM locations in Massachusetts; and maintains 39 offices in Massachusetts, Rhode Island, New Hampshire, Maine, New Jersey, and Florida. The company was founded in 1917 and is based in Brockton, Massachusetts.
IPO Year: 2016
Exchange: NASDAQ
Website: harborone.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/30/2025 | Buy → Neutral | Janney | |
| 4/25/2025 | $16.00 | Neutral → Buy | Seaport Research Partners |
| 9/12/2023 | Neutral | Seaport Research Partners | |
| 4/6/2023 | Mkt Perform | Raymond James | |
| 10/20/2022 | $14.00 | Buy → Neutral | Compass Point |
| 3/18/2022 | $15.50 | Neutral → Underweight | Piper Sandler |
Key Highlights: Merger solidifies Eastern's leading position in Greater Boston while expanding into Rhode Island Financially compelling transaction with 16% EPS accretion resulting in top quartile operating profitability1 Pro forma balance sheet has robust capital, liquidity and reserves Eastern Bankshares, Inc. ("Eastern" or "the Company") (NASDAQ:EBC), the holding company for Eastern Bank, and HarborOne Bancorp ("HarborOne") (NASDAQ:HONE), the holding company for HarborOne Bank, today jointly announced they have entered into a definitive merger agreement pursuant to which HarborOne will merge with and into Eastern in a stock and cash transaction. Under the terms of the merger agr
HarborOne Bancorp, Inc. (the "Company" or "HarborOne") (NASDAQ:HONE), the holding company for HarborOne Bank (the "Bank"), announced net income of $5.5 million, or $0.14 per diluted share, for the quarter ended March 31, 2025, a decrease of $3.4 million, or 38.1%, compared to net income of $8.9 million, or $0.21 per diluted share, for the quarter ended December 31, 2024. First Quarter Financial Highlights: Net income of $5.5 million, or $0.14 per diluted share; the quarter-over-quarter decrease primarily reflects a $2.9 million decrease in mortgage banking income Net interest margin of 2.39%, up 3 basis-points on a quarter-over-quarter basis Noninterest expense was flat at $32.9 mill
HarborOne Bancorp, Inc. (the "Company") (NASDAQ:HONE), the holding company of HarborOne Bank, today announced that its Board of Directors has declared a quarterly cash dividend of $0.09 per share, which represents an increase of $0.01 per share, or 12.5%, compared to its most recent dividend paid on January 14, 2025. The dividend will be paid on April 23, 2025 to all shareholders of record as of the close of business on April 9, 2025. "We are very pleased to provide an increase of 12.5% to the quarterly cash dividend payment on the Company's common stock from $0.08 to $0.09 commencing in the first quarter of 2025," said Joseph F. Casey, President and Chief Executive Officer of the Company.
HarborOne Bancorp, Inc. (the "Company") (NASDAQ:HONE), announced today that the Company's 2025 annual meeting of shareholders (the "Annual Meeting") will be held on May 13, 2025 at 10:00 a.m. local time, at Goodwin Procter LLP, 100 Northern Avenue, Boston, Massachusetts. Shareholders of record of the Company's common stock as of the close of business on March 14, 2025 are entitled to vote at the Annual Meeting. Additional information regarding the Annual Meeting will be provided in the Company's proxy statement. About HarborOne Bancorp, Inc. HarborOne Bancorp, Inc. is the holding company for HarborOne Bank, a Massachusetts-chartered trust company. HarborOne Bank serves the financial nee
HarborOne Bancorp, Inc. (the "Company" or "HarborOne") (NASDAQ:HONE), the holding company for HarborOne Bank (the "Bank"), announced net income of $8.9 million, or $0.21 per diluted share, for the quarter ended December 31, 2024, an increase of $5.0 million, or 126.5%, compared to net income of $3.9 million, or $0.10 per diluted share, for the quarter ended September 30, 2024. The Company reported net income of $27.4 million, or $0.66 per diluted share, for the year ended December 31, 2024, compared to net income of $16.1 million, or $0.37 per diluted share, for the prior year. Fourth Quarter Financial Highlights: Net income of $8.9 million, or $0.21 per diluted share, partially driven
HarborOne Bancorp, Inc. (the "Company") (NASDAQ:HONE), the holding company of HarborOne Bank, today announced that its Board of Directors has declared a quarterly cash dividend of $0.08 per share, to be paid on January 14, 2025 to all shareholders of record as of the close of business on December 31, 2024. Forward Looking Statements Certain statements herein constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by words such as "believes," "w
HarborOne Bancorp, Inc. (NASDAQ:HONE), the holding company for HarborOne Bank announced today that Inez Friedman-Boyce has been named to the Top 50 Women Leaders in Banking by Women We Admire. The award recognizes Friedman-Boyce's valuable contributions to the field of banking, expertise and strong commitment to the ethical practices to the sector. Friedman- Boyce serves as EVP, Chief Legal Officer, General Counsel & Corporate Secretary for HarborOne Bank and Chief Legal Officer for HarborOne Bancorp, Inc. In this role, she oversees HarborOne's Legal and Compliance functions, including providing strategic legal advice to the board and management; managing SEC reporting and corporate governa
HarborOne Bancorp, Inc. (the "Company" or "HarborOne") (NASDAQ:HONE), the holding company for HarborOne Bank (the "Bank"), announced net income of $3.9 million, or $0.10 per diluted share, for the third quarter of 2024, compared to a net income of $7.3 million, or $0.18 per diluted share for the preceding quarter, and net income of $8.4 million, or $0.20 per diluted share for the same period last year. Net income for the nine months ended September 30, 2024 was $18.5 million, or $0.45 per diluted share, compared to $23.2 million, or $0.53 per diluted share for the same period in 2023. The third quarter of 2024 includes a credit loss provision of $5.9 million, primarily as a result of a subu
HarborOne Bancorp, Inc. (the "Company") (NASDAQ:HONE), the holding company of HarborOne Bank, today announced that its Board of Directors has declared a quarterly cash dividend of $0.08 per share, to be paid on October 28, 2024 to all shareholders of record as of the close of business on October 14, 2024. Forward Looking Statements Certain statements herein constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by words such as "believes," "will
HarborOne Bancorp, Inc. (the "Company" or "HarborOne") (NASDAQ:HONE), the holding company for HarborOne Bank (the "Bank"), announced net income of $7.3 million, or $0.18 per diluted share, for the second quarter of 2024, compared to a net income of $7.3 million, or $0.17 per diluted share for the preceding quarter, and net income of $7.5 million, or $0.17 per diluted share for the same period last year. Net income for the six months ended June 30, 2024 was $14.6 million, or $0.35 per diluted share, compared to $14.8 million, or $0.33 per diluted share for the same period in 2023. Selected Financial Highlights: Loan growth of $62.5 million, or 5.2% annualized; client deposit growth of $
HarborOne Bancorp, Inc. today announced the appointment of Stephen W. Finocchio as Executive Vice President and Chief Financial Officer, HarborOne Bancorp, Inc. and HarborOne Bank. Finocchio will oversee all Finance areas, including Accounting, Reporting, Treasury, and Investor Relations. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240328828676/en/Stephen W. Finocchio (Photo: Business Wire) Finocchio joins HarborOne Bank with over 20 years of experience in treasury, capital management, and strategic planning, with particular focus on leading strategic and innovative initiatives in financial services and banking. "Stephen's
The Board of Directors of HarborOne Bancorp, Inc. (the "Company") (NASDAQ:HONE), parent company of HarborOne Bank (the "Bank"), today announced that James W. Blake will retire as Chief Executive Officer effective May 18, 2022. Joseph F. Casey, currently President and Chief Operating Officer, will continue to hold the title of President, and will assume the role of CEO on May 19, 2022. Mr. Blake and Mr. Casey will continue to serve on the Boards of both the Company and the Bank. Mr. Blake is a fifty-year veteran of the community banking industry. He joined HarborOne Bank – then known as Brockton Credit Union – in 1993, and he has served as CEO since 1995. During his tenure, Mr. Blake has ov
8-K - HarborOne Bancorp, Inc. (0001769617) (Filer)
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8-K - HarborOne Bancorp, Inc. (0001769617) (Filer)
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8-K - HarborOne Bancorp, Inc. (0001769617) (Filer)
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Janney downgraded HarborOne Bancorp from Buy to Neutral
Seaport Research Partners upgraded HarborOne Bancorp from Neutral to Buy and set a new price target of $16.00
Seaport Research Partners initiated coverage of HarborOne Bancorp with a rating of Neutral
Raymond James initiated coverage of HarborOne Bancorp with a rating of Mkt Perform
Compass Point downgraded HarborOne Bancorp from Buy to Neutral and set a new price target of $14.00
Piper Sandler downgraded HarborOne Bancorp from Neutral to Underweight and set a new price target of $15.50
DA Davidson upgraded HarborOne Bancorp from Neutral to Buy and set a new price target of $15.00
DA Davidson upgraded HarborOne Bancorp from Neutral to Buy
Piper Sandler resumed coverage of HarborOne Bancorp with a rating of Neutral and set a new price target of $12.00
Piper Sandler downgraded HarborOne Bancorp from Overweight to Neutral and set a new price target of $12.00
Key Highlights: Merger solidifies Eastern's leading position in Greater Boston while expanding into Rhode Island Financially compelling transaction with 16% EPS accretion resulting in top quartile operating profitability1 Pro forma balance sheet has robust capital, liquidity and reserves Eastern Bankshares, Inc. ("Eastern" or "the Company") (NASDAQ:EBC), the holding company for Eastern Bank, and HarborOne Bancorp ("HarborOne") (NASDAQ:HONE), the holding company for HarborOne Bank, today jointly announced they have entered into a definitive merger agreement pursuant to which HarborOne will merge with and into Eastern in a stock and cash transaction. Under the terms of the merger agr
HarborOne Bancorp, Inc. (the "Company" or "HarborOne") (NASDAQ:HONE), the holding company for HarborOne Bank (the "Bank"), announced net income of $5.5 million, or $0.14 per diluted share, for the quarter ended March 31, 2025, a decrease of $3.4 million, or 38.1%, compared to net income of $8.9 million, or $0.21 per diluted share, for the quarter ended December 31, 2024. First Quarter Financial Highlights: Net income of $5.5 million, or $0.14 per diluted share; the quarter-over-quarter decrease primarily reflects a $2.9 million decrease in mortgage banking income Net interest margin of 2.39%, up 3 basis-points on a quarter-over-quarter basis Noninterest expense was flat at $32.9 mill
HarborOne Bancorp, Inc. (the "Company") (NASDAQ:HONE), the holding company of HarborOne Bank, today announced that its Board of Directors has declared a quarterly cash dividend of $0.09 per share, which represents an increase of $0.01 per share, or 12.5%, compared to its most recent dividend paid on January 14, 2025. The dividend will be paid on April 23, 2025 to all shareholders of record as of the close of business on April 9, 2025. "We are very pleased to provide an increase of 12.5% to the quarterly cash dividend payment on the Company's common stock from $0.08 to $0.09 commencing in the first quarter of 2025," said Joseph F. Casey, President and Chief Executive Officer of the Company.
HarborOne Bancorp, Inc. (the "Company" or "HarborOne") (NASDAQ:HONE), the holding company for HarborOne Bank (the "Bank"), announced net income of $8.9 million, or $0.21 per diluted share, for the quarter ended December 31, 2024, an increase of $5.0 million, or 126.5%, compared to net income of $3.9 million, or $0.10 per diluted share, for the quarter ended September 30, 2024. The Company reported net income of $27.4 million, or $0.66 per diluted share, for the year ended December 31, 2024, compared to net income of $16.1 million, or $0.37 per diluted share, for the prior year. Fourth Quarter Financial Highlights: Net income of $8.9 million, or $0.21 per diluted share, partially driven
HarborOne Bancorp, Inc. (the "Company") (NASDAQ:HONE), the holding company of HarborOne Bank, today announced that its Board of Directors has declared a quarterly cash dividend of $0.08 per share, to be paid on January 14, 2025 to all shareholders of record as of the close of business on December 31, 2024. Forward Looking Statements Certain statements herein constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by words such as "believes," "w
HarborOne Bancorp, Inc. (the "Company" or "HarborOne") (NASDAQ:HONE), the holding company for HarborOne Bank (the "Bank"), announced net income of $3.9 million, or $0.10 per diluted share, for the third quarter of 2024, compared to a net income of $7.3 million, or $0.18 per diluted share for the preceding quarter, and net income of $8.4 million, or $0.20 per diluted share for the same period last year. Net income for the nine months ended September 30, 2024 was $18.5 million, or $0.45 per diluted share, compared to $23.2 million, or $0.53 per diluted share for the same period in 2023. The third quarter of 2024 includes a credit loss provision of $5.9 million, primarily as a result of a subu
HarborOne Bancorp, Inc. (the "Company") (NASDAQ:HONE), the holding company of HarborOne Bank, today announced that its Board of Directors has declared a quarterly cash dividend of $0.08 per share, to be paid on October 28, 2024 to all shareholders of record as of the close of business on October 14, 2024. Forward Looking Statements Certain statements herein constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by words such as "believes," "will
HarborOne Bancorp, Inc. (the "Company" or "HarborOne") (NASDAQ:HONE), the holding company for HarborOne Bank (the "Bank"), announced net income of $7.3 million, or $0.18 per diluted share, for the second quarter of 2024, compared to a net income of $7.3 million, or $0.17 per diluted share for the preceding quarter, and net income of $7.5 million, or $0.17 per diluted share for the same period last year. Net income for the six months ended June 30, 2024 was $14.6 million, or $0.35 per diluted share, compared to $14.8 million, or $0.33 per diluted share for the same period in 2023. Selected Financial Highlights: Loan growth of $62.5 million, or 5.2% annualized; client deposit growth of $
HarborOne Bancorp, Inc. (the "Company") (NASDAQ:HONE), the holding company of HarborOne Bank, today announced that its Board of Directors has declared a quarterly cash dividend of $0.08 per share, to be paid on July 24, 2024 to all shareholders of record as of the close of business on July 10, 2024. Forward Looking Statements Certain statements herein constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by words such as "believes," "will," "
HarborOne Bancorp, Inc. (the "Company" or "HarborOne") (NASDAQ:HONE), the holding company for HarborOne Bank (the "Bank"), announced net income of $7.3 million, or $0.17 per diluted share, for the first quarter of 2024, compared to a net loss of $7.1 million, or $0.17 per diluted share for the preceding quarter, and net income of $7.3 million, or $0.16 per diluted share for the same period last year. Excluding the HarborOne Mortgage, LLC ("HarborOne Mortgage") goodwill impairment charge of $10.8 million recorded in the fourth quarter of 2023, included in noninterest expense, net income and diluted earnings per share for the quarter ended December 31, 2023 were $3.7 million and $0.09, respec