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Jun 30, 2024
HarborOne Q2 2024 Earnings Report
Reported net income of $7.3 million and EPS of $0.18 for the second quarter of 2024.
Key Takeaways
HarborOne Bancorp, Inc. reported a net income of $7.3 million, or $0.18 per diluted share, for the second quarter of 2024. The company saw loan growth of $62.5 million and client deposit growth of $66.9 million. The net interest margin improved to 2.31% from 2.25% on a linked-quarter basis.
Loan growth of $62.5 million, or 5.2% annualized; client deposit growth of $66.9 million, or 6.7% annualized.
Improved asset quality; nonperforming loans as a percentage of total loans were 0.20% compared to 0.25% last quarter.
Net interest margin improvement to 2.31% from 2.25% on a linked-quarter basis.
Commenced new share repurchase program to repurchase approximately 5% of outstanding shares over the next year.
Forward Guidance
The document does not contain any forward guidance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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