HarborOne Bancorp, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
January 30, 2024 at 08:30 am EST
Share
HarborOne Bancorp, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the quarter, the company reported net interest income was USD 29.693 million compared to USD 39.189 million a year ago. Net loss was USD 7.111 million compared to net income of USD 9.577 million a year ago. Basic loss per share from continuing operations was USD 0.17 compared to earnings per share of USD 0.21 a year ago. Diluted loss per share from continuing operations was USD 0.17 compared to earnings per share of USD 0.21 a year ago.
For the full year, the company reported net interest income was USD 127.27 million compared to USD 148.99 million a year ago. Net income was USD 16.08 million compared to USD 45.59 million a year ago. Basic earnings per share from continuing operations was USD 0.37 compared to USD 0.98 a year ago. Diluted earnings per share from continuing operations was USD 0.37 compared to USD 0.97 a year ago.
HarborOne Bancorp, Inc. is the bank holding company for HarborOne Bank (the Bank). Its segments include HarborOne Bank and HarborOne Mortgage. The Bank segment provides consumer and business banking products and services to individuals, businesses and municipalities. Consumer products include loan and deposit products, and business banking products include loans for working capital, inventory and general corporate use, commercial real estate construction loans, and deposit accounts. The HarborOne Mortgage segment consists of originating residential mortgage loans primarily for sale in the secondary market and the servicing of those loans. It provides a variety of financial services to individuals and businesses through its 30 full-service bank branches, and a commercial lending office in each of Boston and Providence. It also provides a range of educational services through HarborOne U, with digital content, webinars, and recordings for small business and personal financial education.