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Sep 30, 2023
HarborOne Q3 2023 Earnings Report
Net income increased slightly, deposit growth was strong, and noninterest expenses were reduced.
Key Takeaways
HarborOne Bancorp, Inc. reported a net income of $8.4 million, or $0.20 per diluted share, for the third quarter of 2023. The company experienced deposit growth, reduced noninterest expenses, and loan growth.
Net income reached $8.4 million, or $0.20 per diluted share.
Deposit growth, excluding brokered deposits, was $160.5 million, a 4.0% increase on a linked-quarter basis.
Noninterest expense decreased by 7.5% compared to the prior year third quarter.
Loan growth amounted to $24.7 million, a 0.5% increase on a linked-quarter basis.
Forward Guidance
The company expects to redeem $35 million in subordinated debt on December 1, 2023.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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