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Mar 31, 2022
HarborOne Q1 2022 Earnings Report
Net income of $12.3 million, or $0.25 per diluted share, was announced for the first quarter of 2022.
Key Takeaways
HarborOne Bancorp reported a net income of $12.3 million, or $0.25 per diluted share, for Q1 2022. The company saw commercial loan growth and core deposit growth, while also managing strong credit quality.
Return on average assets was 1.08% and return on average equity was 7.35%.
Commercial loan growth of $123.3 million, or 5.5%.
Core deposit growth of $109.5 million, or 3.6%.
Net interest margin increased 2 basis points to 3.21%.
Forward Guidance
Company remains focused on core fundamentals of deposit and loan growth and will continue to be responsive to the challenges in the residential mortgage market including operational costs, and making the necessary staff and expense adjustments
Historical Earnings Impact
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Avg. Return Before/After Earnings
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