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Dec 31, 2022
HarborOne Q4 2022 Earnings Report
Net income decreased year-over-year, driven by higher rates on deposits.
Key Takeaways
HarborOne Bancorp, Inc. reported a net income of $9.6 million, or $0.21 per diluted share, for the fourth quarter of 2022, which is lower compared to the previous quarter and the same quarter last year. The results reflect a challenging rate environment, but the company achieved loan and deposit growth.
Net interest income increased year over year due to higher rates and loan growth.
Asset quality remained strong with a decrease in nonperforming loans to total loans.
Loan growth was robust year over year.
HarborOne Mortgage maintained profitability despite a reduction in mortgage banking income.
Forward Guidance
This document does not contain forward guidance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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