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Dec 31, 2019
HarborOne Q4 2019 Earnings Report
HarborOne's Q4 2019 earnings were announced.
Key Takeaways
HarborOne Bancorp, Inc. reported a net income of $4.3 million, or $0.08 per basic and diluted share, for the fourth quarter of 2019. The company saw growth in commercial loans and deposits, along with strong residential real estate mortgage origination activity.
Net income was $4.3 million, or $0.08 per basic and diluted share.
Total commercial loans amounted to $1.6 billion, up 6% from the preceding quarter and 19% year over year.
Total deposits amounted to $2.9 billion, up $18.4 million from the preceding quarter and 10% year over year.
Residential real estate mortgage origination activity increased 4% from the preceding quarter and 54% year over year.
Revenue by Segment
Forward Guidance
The effective tax rate for 2020 is expected to be approximately 28%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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