BROCKTON, Mass.–(BUSINESS WIRE)–HarborOne Bancorp, Inc. (the “Company” or “HarborOne”) (NASDAQ: HONE), the holding company for HarborOne Bank (the “Bank”), announced net income of $8.1 million, or $0.20 per diluted share, for the quarter ended June 30, 2025, an increase of $2.6 million, or 46.5%, compared to net income of $5.5 million, or $0.14 per diluted share, for the quarter ended March 31, 2025. Net income for the six months ended June 30, 2025, was $13.6 million, or $0.34 per diluted share, compared to $14.6 million, or $0.35 per diluted share for the same period in 2024. On April 24, 2025, the Company announced that it had entered into a definitive merger agreement with Eastern Bankshares, Inc. (“Eastern”), the holding company for Eastern Bank, pursuant to which the Company will merge with and into Eastern in a stock and cash transaction.
Second Quarter Financial Highlights:
- Net income of $8.1 million, or $0.20 per diluted share
- Net interest margin of 2.52%, up 13 basis points quarter-over-quarter
- Noninterest income increased $2.3 million, or 23.6%, driven by higher mortgage banking income and higher swap and deposit fee income
- Noninterest expense was up $1.2 million, but down slightly excluding $1.7 million of merger-related expenses
- The share repurchase program was suspended pending completion of the merger with Eastern
“I’m pleased to report our steady financial improvement in the second quarter,” commented Joseph F. Casey, President and CEO, “including net interest margin expansion, improved core returns on assets and equity, and continued management of expenses.” He continued: “While we look forward to a successful merger with Eastern, the HarborOne team remains focused on continuing to provide superior service and a seamless transition to our customers, communities and employees.”
Net Interest Income
Net interest and dividend income increased $1.7 million from $31.5 million to $33.2 million, while net interest margin improved 13 basis points to 2.52% compared to the prior quarter, impacted by:
- Yield on loans increased 8 basis points partly due to an increase in prepayment fees of $721,000; average loan balances decreased $52.0 million, largely driven by a decline in commercial real estate loans, which were down $46.8 million on average.
- Cost of deposits, excluding brokered deposits, decreased 7 basis points; average deposit balances, excluding brokered deposits, increased $57.2 million, primarily due to an increase of $40.4 million in lower cost NOW and noninterest-earning deposits.
- Borrowing costs improved 2 basis points, and average borrowings declined $87.8 million.
The $1.9 million increase in net interest and dividend income from the prior year quarter reflects net interest margin improvement of 21 basis points, primarily due to higher prepayment fees, lower cost of funds, and lower average balances of funding liabilities.
Noninterest Income
Total noninterest income increased $2.3 million, or 23.6%, to $12.2 million, from $9.9 million for the first quarter of 2025, impacted by:
- HarborOne Mortgage, LLC (“HarborOne Mortgage”) realized a $3.4 million gain on loan sales from mortgage closings of $176.2 million in the second quarter of 2025, compared to $2.7 million from mortgage loan closings of $114.1 million in the first quarter. Mortgage rates were stable during the second quarter, and while for-sale inventory constrained loan demand, the typically strong spring market produced higher originations.
- The mortgage servicing rights (“MSR”) valuation decreased $546,000 compared to a decrease of $1.2 million for the first quarter of 2025, and the impact of principal payments on the underlying mortgages was $927,000 and $782,000 for the quarters ended June 30, 2025, and March 31, 2025, respectively. The second quarter MSR valuation loss of $546,000 was partially offset by a $349,000 economic hedging gain, whereas the first quarter of 2025 included a MSR valuation loss of $1.1 million offset by a $561,000 hedging gain.
- Deposit account fees increased $265,000, primarily as a result of an increase in debit card interchange fees of $179,000.
- Other income increased $948,000, primarily due to the receipt of an Employee Retention Tax Credit in the amount of $547,000, including interest, and $382,000 of swap fee income.
Total noninterest income increased $302,000 compared to the prior year quarter. The prior year results included a $1.8 million gain on disposal of an asset held for sale, partially offset by a $1.0 million loss on sale of securities.
Noninterest Expense
Total noninterest expense was $34.1 million for the quarter ended June 30, 2025, compared to $32.9 million for the quarter ended March 31, 2025; quarter-over-quarter variances of note were:
- Compensation and benefits expenses were flat in comparison to the prior quarter.
- Occupancy and equipment expenses decreased $359,000, primarily due to a seasonal decrease in landscaping expense.
- Marketing expense increased $277,000, due to a small business campaign in the second quarter of 2025.
- Deposit insurance decreased $136,000, reflecting a decrease in the assessment base.
- Merger expenses of $1.7 million were recorded in the second quarter of 2025, primarily for investment advisory and legal services.
Total noninterest expense increased $926,000 compared to the prior year quarter, primarily driven by the merger expenses, partially offset by decreases in compensation and benefits, occupancy and equipment expense, and marketing expenses.
Balance Sheet
Total assets decreased $91.3 million, or 1.6%, to $5.61 billion, from $5.70 billion at the prior quarter end, impacted by:
- Loans declined $93.8 million, or 1.9%, to $4.73 billion, from $4.82 billion the prior quarter. Commercial real estate and construction loans decreased $118.4 million, favoring payoffs over renewals for loans secured by commercial real estate. Commercial and industrial loans increased $16.5 million. Residential real estate and consumer loans increased $8.1 million, primarily reflecting an increase in home equity line of credit balances.
- Available-for-sale securities increased $21.6 million to $287.3 million from the prior quarter. The unrealized loss on securities available for sale decreased to $56.9 million, as compared to $58.8 million in the prior quarter. Securities held to maturity were steady at $19.2 million.
- Total deposits decreased $125.1 million to $4.49 billion from $4.62 billion the prior quarter. Non-certificate accounts decreased $66.5 million, and term certificate accounts decreased $7.5 million. Brokered deposits decreased $51.1 million. As of June 30, 2025, FDIC-insured deposits were approximately 73% of total deposits, including Bank subsidiary deposits.
- Borrowed funds increased $40.1 million to $439.7 million compared to $399.5 million at the prior quarter end. As of June 30, 2025, the Bank had $1.28 billion in available borrowing capacity across multiple relationships.
- Total stockholders’ equity was $580.1 million, compared to $576.0 million at the prior quarter end. Stockholders’ equity increased 0.7% when compared to the prior quarter, as net income increases and an increase in the fair value of available-for-sale securities, were partially offset by share repurchases at the beginning of the quarter and dividend payments. The share repurchase program was suspended during the second quarter pending completion of the merger with Eastern Bank.
- The tangible-common-equity-to-tangible-assets ratio(1) was 9.38% at June 30, 2025, compared to 9.15% at March 31, 2025. Book value per share and tangible book value per share(1) increased quarter over quarter to $13.47 from $13.27 and to $12.09 from $11.90, respectively.
(1) Non-GAAP financial measure. Refer to the Reconciliation of Non-GAAP Financial Measures.
Asset Quality and Allowance for Credit Losses
The Company recorded a $739,000 provision for credit losses for the quarter ended June 30, 2025. The provision for loan credit losses was $355,000, and the provision for unfunded commitments was $384,000. The provision for loan credit losses was primarily due to a further specific reserve allocation for a previously identified classified commercial and industrial loan and qualitative factor adjustments, partially offset by a decrease in loan balances. During the quarter, a $1.7 million charge-off was recorded when a loan modification with a replacement borrower was resolved, resulting in a new loan recorded at fair value. At March 31, 2025, the provision for loan credit losses was $1.9 million, and the provision for unfunded commitments was a negative $506,000. The first quarter provision for loan credit losses was primarily due to a further specific reserve allocation for a previously identified classified commercial real estate loan, partially offset by a decrease in loan balances and qualitative factor adjustments.
Net charge-offs totaled $1.7 million, or 0.14% of average loans outstanding on an annualized basis for the quarter ended June 30, 2025, and for the quarter ended March 31, 2025, net charge-offs totaled $8.7 million, or 0.72% of average loans outstanding on an annualized basis. The charge-off in the first quarter of 2025 primarily reflects a charge-off on a single commercial real estate loan.
The allowance for credit losses (“ACL”) on loans was $48.0 million, or 1.01% of total loans, at June 30, 2025, compared to $49.3 million, or 1.02% of total loans, at March 31, 2025. The ACL on unfunded commitments, included in other liabilities on the unaudited Consolidated Balance Sheet, amounted to $3.4 million at June 30, 2025, compared to $3.0 million at March 31, 2025. Total nonperforming assets were $32.7 million and 0.58% of total assets at June 30, 2025, compared to $30.9 million and 0.54% of total assets at March 31, 2025. In the quarter ended June 30, 2025, non-performing commercial real estate loans increased $784,000, compared to the prior quarter, and non-performing commercial and industrial loans increased $622,000, compared to the prior quarter. As of June 30, 2025, and March 31, 2025, total criticized and classified commercial loans amounted to $193.7 million, and $187.1 million. The quarterly increase in total criticized and classified commercial loans primarily reflects an $18.3 million increase in criticized commercial construction loans.
About HarborOne Bancorp, Inc.
HarborOne Bancorp, Inc. is the holding company for HarborOne Bank, a Massachusetts-chartered trust company. HarborOne Bank serves the financial needs of consumers, businesses, and municipalities throughout Eastern Massachusetts and Rhode Island through a network of 30 full-service banking centers located in Massachusetts and Rhode Island, and commercial lending offices in Boston, Massachusetts and Providence, Rhode Island. HarborOne Bank also provides a range of educational resources through “HarborOne U,” with free digital content, webinars, and recordings for small business and personal financial education. HarborOne Mortgage, LLC, a subsidiary of HarborOne Bank, provides mortgage lending services throughout New England and other states.
Forward Looking Statements
Certain statements herein constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We may also make forward-looking statements in other documents we file with the Securities and Exchange Commission (“SEC”), in our annual reports to shareholders, in press releases and other written materials, and in oral statements made by our officers, directors or employees. Such statements may be identified by words such as “believes,” “will,” “would,” “expects,” “project,” “may,” “could,” “developments,” “strategic,” “launching,” “opportunities,” “anticipates,” “estimates,” “intends,” “plans,” “targets” and similar expressions. These statements are based upon the current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements as a result of numerous factors. Factors that could cause such differences to exist include, but are not limited to, changes in general business and economic conditions (including the impact of recently imposed tariffs by the U.S. Administration and foreign governments, inflation and concerns about liquidity) on a national basis and in the local markets in which the Company operates, including changes that adversely affect borrowers’ ability to service and repay the Company’s loans; changes in customer behavior; ongoing turbulence in the capital and debt markets and the impact of such conditions on the Company’s business activities; changes in interest rates; increases in loan default and charge-off rates; decreases in the value of securities in the Company’s investment portfolio; failure to complete the merger of the Company with and into Eastern that was announced on April 24, 2025 (the “Merger”) or unexpected delays related to the Merger or either party’s inability to satisfy closing conditions required to complete the Merger; failure to obtain necessary regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect Eastern or the expected benefits of the Merger); certain restrictions during the pendency of the Merger that may impact the Company’s ability to pursue certain business opportunities or strategic transactions; the diversion of management’s attention from ongoing business operations and opportunities; fluctuations in real estate values; the possibility that future credit losses may be higher than currently expected due to changes in economic assumptions, customer behavior or adverse economic developments; the adequacy of loan loss reserves; decreases in deposit levels necessitating increased borrowing to fund loans and investments; competitive pressures from other financial institutions; cybersecurity incidents, fraud, natural disasters, war, terrorism, civil unrest, and future pandemics; changes in regulation; changes in accounting standards and practices; the risk that goodwill and intangibles recorded in the Company’s financial statements will become impaired; demand for loans in the Company’s market area; the Company’s ability to attract and maintain deposits; risks related to the implementation of acquisitions, dispositions, and restructurings; the risk that the Company may not be successful in the implementation of its business strategy; changes in assumptions used in making such forward-looking statements and the risk factors described in the Annual Report on Form 10-K and Quarterly Reports on Form 10-Q as filed with the SEC, which are available at the SEC’s website, www.sec.gov. Should one or more of these risks materialize or should underlying beliefs or assumptions prove incorrect, the Company’s actual results could differ materially from those discussed. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Company disclaims any obligation to publicly update or revise any forward-looking statements to reflect changes in underlying assumptions or factors, new information, future events or other changes, except as required by law.
Use of Non-GAAP Measures
In addition to results presented in accordance with generally accepted accounting principles (“GAAP”), this press release contains certain non-GAAP financial measures including: “core net income,” “core earnings per common share,” “core return on average earning assets,” “core return on average earning equity,” “efficiency ratio,” “core efficiency ratio,” “tax equivalent efficiency ratio,” “tax equivalent core efficiency ratio,” “total adjusted noninterest expense”, “core noninterest expense,” “tax equivalent net interest and dividend income,” “total core noninterest income,” “tax equivalent total core revenue,” “tangible common equity,” “average tangible common equity,” “tangible assets,” “tangible book value per share,” “tangible common equity to tangible assets,” “return on average tangible common equity,” “core return on average tangible common equity” and certain ratios derived from these measures. Non-GAAP measures are utilized by management, regulators and market analysts to evaluate the Company’s financial position and therefore such information is useful to investors.
The tax equivalent basis adjusts for the tax-favored status from certain loans held by the Bank that are not taxable for federal income tax purposes.
Core net income, core noninterest income and core noninterest expense exclude certain items that management does not consider indicative of ongoing financial performance or enhances comparability of results with prior periods. These adjustments include gain or loss on the sale of certain assets and release of reserves for uncertain tax positions.
These disclosures should not be viewed as a substitute for financial results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures which may be presented by other companies. Because non-GAAP financial measures are not standardized, it may not be possible to compare these financial measures with other companies’ non-GAAP financial measures having the same or similar names.
HarborOne Bancorp, Inc. Selected Financial Highlights (Unaudited) | ||||||||||||||||
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| For the Quarters Ended |
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| June 30, |
| March 31, |
| December 31, |
| September 30, |
| June 30, |
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| 2025 |
| 2025 |
| 2024 |
| 2024 |
| 2024 |
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| (Dollars in thousands, except share data) | ||||||||||||||
Earnings data |
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Net interest and dividend income |
| $ | 33,215 |
| $ | 31,469 |
| $ | 31,827 |
| $ | 31,893 |
| $ | 31,350 |
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Noninterest income |
| $ | 12,221 |
| $ | 9,891 |
| $ | 13,689 |
| $ | 10,568 |
| $ | 11,919 |
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Total revenue |
| $ | 45,436 |
| $ | 41,360 |
| $ | 45,516 |
| $ | 42,461 |
| $ | 43,269 |
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Noninterest expense |
| $ | 34,070 |
| $ | 32,850 |
| $ | 32,873 |
| $ | 32,268 |
| $ | 33,144 |
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Pre-tax, pre-provision income |
| $ | 11,366 |
| $ | 8,510 |
| $ | 12,643 |
| $ | 10,193 |
| $ | 10,125 |
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Provision for credit losses |
| $ | 739 |
| $ | 1,385 |
| $ | 1,927 |
| $ | 5,903 |
| $ | 615 |
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Income before income taxes |
| $ | 10,627 |
| $ | 7,125 |
| $ | 10,716 |
| $ | 4,290 |
| $ | 9,510 |
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Net income |
| $ | 8,058 |
| $ | 5,500 |
| $ | 8,887 |
| $ | 3,924 |
| $ | 7,296 |
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Core net income (1) |
| $ | 9,215 |
| $ | 5,500 |
| $ | 8,341 |
| $ | 3,924 |
| $ | 6,689 |
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Per-share data |
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Earnings per share, diluted |
| $ | 0.20 |
| $ | 0.14 |
| $ | 0.21 |
| $ | 0.10 |
| $ | 0.18 |
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Core earnings per share, diluted(1) |
| $ | 0.23 |
| $ | 0.14 |
| $ | 0.20 |
| $ | 0.10 |
| $ | 0.16 |
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Book value per share |
| $ | 13.47 |
| $ | 13.27 |
| $ | 13.15 |
| $ | 13.24 |
| $ | 12.99 |
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Tangible book value per share(1) |
| $ | 12.09 |
| $ | 11.90 |
| $ | 11.78 |
| $ | 11.88 |
| $ | 11.63 |
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Profitability |
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Return on average assets |
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| 0.57 | % |
| 0.39 | % |
| 0.62 | % |
| 0.27 | % |
| 0.50 | % |
Core return on average assets(1) |
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| 0.65 | % |
| 0.39 | % |
| 0.58 | % |
| 0.27 | % |
| 0.45 | % |
Return on average equity |
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| 5.56 | % |
| 3.79 | % |
| 6.08 | % |
| 2.69 | % |
| 5.07 | % |
Core return on average equity(1) |
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| 6.36 | % |
| 3.79 | % |
| 5.71 | % |
| 2.69 | % |
| 4.54 | % |
Return on average tangible common equity(1) |
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| 6.20 | % |
| 4.23 | % |
| 6.78 | % |
| 3.00 | % |
| 5.67 | % |
Core return on average tangible common equity(1) |
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| 7.09 | % |
| 4.23 | % |
| 6.36 | % |
| 3.00 | % |
| 5.19 | % |
Net interest margin on a fully tax equivalent basis(1) |
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| 2.52 | % |
| 2.39 | % |
| 2.36 | % |
| 2.36 | % |
| 2.31 | % |
Cost of total deposits |
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| 2.45 | % |
| 2.48 | % |
| 2.62 | % |
| 2.68 | % |
| 2.53 | % |
Efficiency ratio(1) |
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| 74.57 | % |
| 78.97 | % |
| 71.81 | % |
| 75.55 | % |
| 76.16 | % |
Core efficiency ratio(1) |
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| 71.68 | % |
| 78.97 | % |
| 71.81 | % |
| 75.55 | % |
| 77.54 | % |
Tax equivalent efficiency ratio(1) |
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| 73.73 | % |
| 78.09 | % |
| 71.09 | % |
| 74.75 | % |
| 75.72 | % |
Tax equivalent core efficiency ratio(1) |
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| 70.86 | % |
| 78.09 | % |
| 71.09 | % |
| 74.75 | % |
| 77.08 | % |
Balance sheet |
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Total assets |
| $ | 5,609,075 |
| $ | 5,700,330 |
| $ | 5,753,133 |
| $ | 5,775,967 |
| $ | 5,787,035 |
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Total loans |
| $ | 4,727,232 |
| $ | 4,821,033 |
| $ | 4,852,499 |
| $ | 4,879,503 |
| $ | 4,839,232 |
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Total deposits |
| $ | 4,493,671 |
| $ | 4,618,721 |
| $ | 4,550,753 |
| $ | 4,536,177 |
| $ | 4,458,297 |
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Total loans / total deposits |
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| 105.20 | % |
| 104.38 | % |
| 106.63 | % |
| 107.57 | % |
| 108.54 | % |
Asset quality |
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Allowance for credit losses (“ACL”) |
| $ | 47,964 |
| $ | 49,323 |
| $ | 56,101 |
| $ | 54,004 |
| $ | 49,139 |
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Nonperforming assets |
| $ | 32,703 |
| $ | 30,908 |
| $ | 29,473 |
| $ | 28,408 |
| $ | 9,766 |
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Non-performing loans to total loans |
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| 0.69 | % |
| 0.64 | % |
| 0.61 | % |
| 0.58 | % |
| 0.20 | % |
Allowance for credit losses on loans to non-performing loans |
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| 146.67 | % |
| 159.61 | % |
| 190.41 | % |
| 190.10 | % |
| 503.16 | % |
Allowance for credit losses on loans to total loans |
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| 1.01 | % |
| 1.02 | % |
| 1.16 | % |
| 1.11 | % |
| 1.02 | % |
Net loans charged off as a percentage of average loans outstanding |
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| 0.14 | % |
| 0.72 | % |
| – | % |
| 0.02 | % |
| 0.02 | % |
Capital adequacy |
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Stockholders’ equity / assets |
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| 10.34 | % |
| 10.10 | % |
| 9.99 | % |
| 10.11 | % |
| 9.98 | % |
Tangible common equity / tangible assets(1) |
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| 9.38 | % |
| 9.15 | % |
| 9.05 | % |
| 9.17 | % |
| 9.03 | % |
Common equity tier 1 ratio (“CET1”)(1) |
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| 12.20 | % |
| 11.86 | % |
| 11.79 | % |
| 11.67 | % |
| 11.73 | % |
Risk weighted assets |
| $ | 4,632,725 |
| $ | 4,738,746 |
| $ | 4,795,304 |
| $ | 4,827,022 |
| $ | 4,822,128 |
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(1)Non-GAAP financial measure. Refer to the Reconciliation of Non-GAAP Financial Measures |
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HarborOne Bancorp, Inc. Consolidated Balance Sheet Trend (Unaudited) | |||||||||||||||
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| Period ended | |||||||||||||
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| June 30, |
| March 31, |
| December 31, |
| September 30, |
| June 30, | |||||
(Dollars in thousands) |
| 2025 |
| 2025 |
| 2024 |
| 2024 |
| 2024 | |||||
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Assets |
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Cash and due from banks |
| $ | 47,348 |
| $ | 44,383 |
| $ | 44,090 |
| $ | 39,668 |
| $ | 48,097 |
Short-term investments |
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| 155,705 |
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| 186,109 |
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| 186,981 |
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| 184,611 |
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| 186,965 |
Total cash and cash equivalents |
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| 203,053 |
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| 230,492 |
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| 231,071 |
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| 224,279 |
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| 235,062 |
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Securities available for sale, at fair value |
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| 287,266 |
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| 265,644 |
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| 263,904 |
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| 276,817 |
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| 269,078 |
Securities held to maturity, at amortized cost |
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| 19,212 |
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| 19,211 |
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| 19,627 |
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| 19,625 |
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| 19,725 |
Federal Home Loan Bank stock, at cost |
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| 20,538 |
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| 18,330 |
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| 23,277 |
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| 17,476 |
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| 25,311 |
Loans held for sale, at fair value |
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| 29,091 |
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| 19,304 |
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| 36,768 |
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| 28,467 |
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| 41,814 |
Loans: |
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Commercial real estate |
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| 2,181,554 |
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| 2,272,480 |
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| 2,280,309 |
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| 2,321,148 |
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| 2,380,881 |
Commercial construction |
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| 188,540 |
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| 216,013 |
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| 252,691 |
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| 270,389 |
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| 233,926 |
Commercial and industrial |
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| 643,999 |
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| 627,480 |
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| 594,453 |
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| 549,908 |
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| 499,043 |
Total commercial loans |
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| 3,014,093 |
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| 3,115,973 |
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| 3,127,453 |
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| 3,141,445 |
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| 3,113,850 |
Residential real estate |
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| 1,698,318 |
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| 1,689,681 |
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| 1,707,556 |
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| 1,719,882 |
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| 1,706,678 |
Consumer |
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| 14,821 |
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| 15,379 |
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| 17,490 |
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| 18,176 |
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| 18,704 |
Loans |
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| 4,727,232 |
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| 4,821,033 |
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| 4,852,499 |
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| 4,879,503 |
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| 4,839,232 |
Less: Allowance for credit losses on loans |
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| (47,964) |
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| (49,323) |
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| (56,101) |
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| (54,004) |
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| (49,139) |
Net loans |
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| 4,679,268 |
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| 4,771,710 |
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| 4,796,398 |
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| 4,825,499 |
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| 4,790,093 |
Mortgage servicing rights, at fair value |
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| 41,172 |
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| 42,620 |
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| 44,500 |
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| 43,067 |
|
| 46,209 |
Goodwill |
|
| 59,042 |
|
| 59,042 |
|
| 59,042 |
|
| 59,042 |
|
| 59,042 |
Other intangible assets |
|
| 378 |
|
| 568 |
|
| 757 |
|
| 947 |
|
| 1,136 |
Other assets |
|
| 270,055 |
|
| 273,409 |
|
| 277,789 |
|
| 280,748 |
|
| 299,565 |
Total assets |
| $ | 5,609,075 |
| $ | 5,700,330 |
| $ | 5,753,133 |
| $ | 5,775,967 |
| $ | 5,787,035 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities and Stockholders’ Equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deposits: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Demand deposit accounts |
| $ | 713,753 |
| $ | 703,736 |
| $ | 690,647 |
| $ | 713,379 |
| $ | 689,800 |
NOW accounts |
|
| 329,800 |
|
| 340,194 |
|
| 298,337 |
|
| 296,322 |
|
| 308,016 |
Regular savings and club accounts |
|
| 867,164 |
|
| 908,136 |
|
| 895,232 |
|
| 926,192 |
|
| 989,720 |
Money market deposit accounts |
|
| 1,175,499 |
|
| 1,200,600 |
|
| 1,195,209 |
|
| 1,162,930 |
|
| 1,100,215 |
Term certificate accounts |
|
| 1,068,693 |
|
| 1,076,195 |
|
| 1,069,844 |
|
| 1,063,672 |
|
| 985,293 |
Brokered deposits |
|
| 338,762 |
|
| 389,860 |
|
| 401,484 |
|
| 373,682 |
|
| 385,253 |
Total deposits |
|
| 4,493,671 |
|
| 4,618,721 |
|
| 4,550,753 |
|
| 4,536,177 |
|
| 4,458,297 |
Borrowings |
|
| 439,652 |
|
| 399,547 |
|
| 516,555 |
|
| 539,364 |
|
| 619,372 |
Other liabilities and accrued expenses |
|
| 95,605 |
|
| 106,095 |
|
| 110,814 |
|
| 116,224 |
|
| 132,037 |
Total liabilities |
| $ | 5,028,928 |
| $ | 5,124,363 |
| $ | 5,178,122 |
| $ | 5,191,765 |
| $ | 5,209,706 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common stock |
|
| 598 |
|
| 598 |
|
| 598 |
|
| 598 |
|
| 598 |
Additional paid-in capital |
|
| 491,251 |
|
| 490,327 |
|
| 489,532 |
|
| 488,983 |
|
| 487,980 |
Unearned compensation – ESOP |
|
| (23,028) |
|
| (23,488) |
|
| (23,947) |
|
| (24,407) |
|
| (24,866) |
Retained earnings |
|
| 380,136 |
|
| 375,710 |
|
| 373,861 |
|
| 368,222 |
|
| 367,584 |
Treasury stock |
|
| (224,602) |
|
| (221,516) |
|
| (215,138) |
|
| (210,197) |
|
| (205,944) |
Accumulated other comprehensive loss |
|
| (44,208) |
|
| (45,664) |
|
| (49,895) |
|
| (38,997) |
|
| (48,023) |
Total stockholders’ equity |
| $ | 580,147 |
| $ | 575,967 |
| $ | 575,011 |
| $ | 584,202 |
| $ | 577,329 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities and stockholders’ equity |
| $ | 5,609,075 |
| $ | 5,700,330 |
| $ | 5,753,133 |
| $ | 5,775,967 |
| $ | 5,787,035 |
Contacts
Stephen W. Finocchio, Executive vice President and Chief Financial Officer
(508)-895-1180
sfinocchio@harborone.com