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Mar 31, 2024
HarborOne Q1 2024 Earnings Report
Reported a net income increase compared to the previous quarter and remained consistent with the same period last year.
Key Takeaways
HarborOne Bancorp, Inc. reported a net income of $7.3 million, or $0.17 per diluted share, for the first quarter of 2024, which is a significant improvement compared to the net loss of $7.1 million, or $0.17 per diluted share in the previous quarter. The results are consistent with the net income of $7.3 million, or $0.16 per diluted share, reported for the same period last year.
Strong asset quality was maintained, with nonperforming loans as a percentage of total loans at 0.25%.
Noninterest income increased by 20.6% on a linked-quarter basis.
Noninterest expense decreased by 2.2% on a linked-quarter basis, excluding a goodwill impairment recorded in 2023.
Loan growth reached $26.4 million, or 2.2% annualized.
Revenue by Segment
Forward Guidance
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Historical Earnings Impact
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Avg. Return Before/After Earnings
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