secwatch.observer — SEC 8-K summary
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Issuer:     HarborOne Bancorp, Inc. (—)
CIK:        0001769617
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001558370-24-005686
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1769617/000155837024005686/0001558370-24-005686-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1769617/000155837024005686/hone-20240425x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-005686

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