HarborOne Bancorp Q1 net income $7.3M ($0.17 EPS), up from Q4 loss; dividend up 6.7%

HarborOne Bancorp, Inc.

2024-Q1 EPS reported $0.17

Net income of $7.3M ($0.17 diluted EPS) vs Q4 net loss of $7.1M (adjusted net income $3.7M, $0.09).
Net interest income $30.6M, down $3.8M YoY but up $0.9M linked quarter; NIM 2.25%.
Loan growth $26.4M (2.2% annualized); nonperforming assets fell to $12.2M (0.21% of assets).
Repurchased 558,900 shares for $5.8M; increased quarterly dividend by 6.7%.
Negative provision for credit losses $168K; TCE ratio 8.92% (down from 9.33%).

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

HarborOne Bancorp, Inc. reported the first quarter of 2024 results: net income $7.3 million, EPS $0.17 per diluted share.

Period: the first quarter of 2024
Net income: $7.3 million
EPS: $0.17 per diluted share
Result: reported results

Exact text from the filing

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.

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Source: SEC EDGAR

accession 0001558370-24-005686

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