Harborone Bancorp Inc Financials

HONE

Source SEC Filings (10-K/10-Q) Updated Jun 30, 2025 Currency USD FYE December

This page shows Harborone Bancorp Inc (HONE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 41/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Harborone Bancorp Inc's revenue grew 11.1% year-over-year to $271.4M, a solid pace of expansion. This earns a growth score of 60/100.

Leverage

Harborone Bancorp Inc carries a low D/E ratio of 0.90, meaning only $0.90 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 78/100, indicating a strong balance sheet with room for future borrowing.

Cash Flow

Harborone Bancorp Inc's free cash flow margin of 1.0% results in a low score of 5/100. Capital expenditures of $1.2M absorb a large share of operating cash flow.

Returns

Harborone Bancorp Inc generates a 4.8% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 19/100. This is up from 2.8% the prior year.

Piotroski F-Score Neutral

6/9

Harborone Bancorp Inc passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Low Quality

0.14x

For every $1 of reported earnings, Harborone Bancorp Inc generates $0.14 in operating cash flow ($3.8M OCF vs $27.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Revenue

$271.4M

YoY+11.1%

5Y CAGR+11.9%

Harborone Bancorp Inc generated $271.4M in revenue in fiscal year 2024. This represents an increase of 11.1% from the prior year.

EBITDA

N/A

Free Cash Flow

$2.6M

YoY-94.7%

Harborone Bancorp Inc generated $2.6M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 94.7% from the prior year.

Net Income

$27.4M

YoY+70.5%

5Y CAGR+8.5%

Harborone Bancorp Inc reported $27.4M in net income in fiscal year 2024. This represents an increase of 70.5% from the prior year.

EPS (Diluted)

$0.66

YoY+78.4%

5Y CAGR+14.9%

Harborone Bancorp Inc earned $0.66 per diluted share (EPS) in fiscal year 2024. This represents an increase of 78.4% from the prior year.

Cash & Debt

$231.1M

YoY+1.6%

5Y CAGR+1.8%

Harborone Bancorp Inc held $231.1M in cash against $516.6M in long-term debt as of fiscal year 2024.

Dividends Per Share

$0.32

YoY+6.7%

Harborone Bancorp Inc paid $0.32 per share in dividends in fiscal year 2024. This represents an increase of 6.7% from the prior year.

Shares Outstanding

44M

YoY-3.7%

5Y CAGR-5.6%

Harborone Bancorp Inc had 44M shares outstanding in fiscal year 2024. This represents a decrease of 3.7% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

10.1%

YoY+3.5pp

5Y CAGR-1.7pp

Harborone Bancorp Inc's net profit margin was 10.1% in fiscal year 2024, showing the share of revenue converted to profit. This is up 3.5 percentage points from the prior year.

Return on Equity

4.8%

YoY+2.0pp

5Y CAGR+2.0pp

Harborone Bancorp Inc's ROE was 4.8% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 2.0 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$21.5M

YoY-52.3%

5Y CAGR+97.3%

Harborone Bancorp Inc spent $21.5M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 52.3% from the prior year.

Capital Expenditures

$1.2M

YoY-72.4%

5Y CAGR-22.5%

Harborone Bancorp Inc invested $1.2M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 72.4% from the prior year.

HONE Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$271.4M+11.1%	$244.3M+42.1%	$171.9M+19.5%	$143.9M-3.1%	$148.6M-4.0%	$154.8M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$145.8M+24.6%	$117.0M+410.0%	$22.9M+83.2%	$12.5M-56.0%	$28.5M-37.7%	$45.7M
Income Tax	$6.8M-24.3%	$9.0M-43.9%	$16.1M-26.4%	$21.9M+66.0%	$13.2M+199.8%	$4.4M
Net Income	$27.4M+70.5%	$16.1M-64.7%	$45.6M-22.1%	$58.5M+30.6%	$44.8M+145.2%	$18.3M
EPS (Diluted)	$0.66+78.4%	$0.37-61.9%	$0.97-14.9%	$1.14+39.0%	$0.82+148.5%	$0.33

Metric	Q2'25	Q1'25	Q2'24	Q3'24	Q1'24	Q4'23	Q3'23	Q2'23
Revenue	$65.6M+1.8%	$64.4M-4.6%	$67.5M-2.2%	$69.0M+3.2%	$66.9M+3.9%	$64.4M+1.9%	$63.2M+3.9%	$60.8M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$32.4M-1.8%	$33.0M-69.6%	$108.3M+191.7%	$37.1M+202.3%	-$36.3M-204.7%	$34.7M+8.1%	$32.1M+11.8%	$28.7M
Income Tax	$2.6M+58.1%	$1.6M-11.2%	$1.8M+399.7%	$366K-85.0%	$2.4M+31.9%	$1.9M-26.2%	$2.5M+10.2%	$2.3M
Net Income	$8.1M+46.5%	$5.5M-38.1%	$8.9M+126.5%	$3.9M-46.2%	$7.3M+202.7%	-$7.1M-184.5%	$8.4M+12.5%	$7.5M
EPS (Diluted)	$0.20+42.9%	$0.14-33.3%	$0.21+110.0%	$0.10-41.2%	$0.17+206.3%	$-0.16-180.0%	$0.20+17.6%	$0.17

HONE Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$5.8B+1.5%	$5.7B+5.8%	$5.4B+17.7%	$4.6B+1.6%	$4.5B+10.5%	$4.1B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$231.1M+1.6%	$227.3M+131.9%	$98.0M-49.7%	$194.7M-5.4%	$205.9M-2.7%	$211.6M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$59.0M0.0%	$59.0M-15.4%	$69.8M0.0%	$69.8M0.0%	$69.8M0.0%	$69.8M
Total Liabilities	$5.2B+1.8%	$5.1B+7.2%	$4.7B+22.4%	$3.9B+2.3%	$3.8B+11.6%	$3.4B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$516.6M-9.1%	$568.5M+41.9%	$400.7M+619.2%	$55.7M-51.2%	$114.1M-33.3%	$171.1M
Total Equity	$575.0M-1.5%	$583.8M-5.4%	$617.0M-9.2%	$679.3M-2.4%	$696.3M+4.6%	$665.8M
Retained Earnings	$373.9M+3.9%	$359.7M+0.9%	$356.4M+9.4%	$325.7M+17.4%	$277.3M+16.8%	$237.4M

Metric	Q2'25	Q1'25	Q2'24	Q3'24	Q1'24	Q4'23	Q3'23	Q2'23
Total Assets	$5.6B-1.6%	$5.7B-0.9%	$5.8B-0.4%	$5.8B-1.5%	$5.9B+3.4%	$5.7B+0.1%	$5.7B+0.1%	$5.7B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$203.1M-11.9%	$230.5M-0.3%	$231.1M+3.0%	$224.3M-43.0%	$393.4M+73.1%	$227.3M-7.9%	$246.8M-2.4%	$252.9M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$59.0M0.0%	$59.0M0.0%	$59.0M0.0%	$59.0M0.0%	$59.0M0.0%	$59.0M-15.4%	$69.8M0.0%	$69.8M
Total Liabilities	$5.0B-1.9%	$5.1B-1.0%	$5.2B-0.3%	$5.2B-1.8%	$5.3B+3.9%	$5.1B+0.1%	$5.1B+0.3%	$5.1B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$439.7M+10.0%	$399.5M-22.7%	$516.6M-4.2%	$539.4M-28.5%	$754.4M+32.7%	$568.5M+19.6%	$475.5M-21.4%	$604.6M
Total Equity	$580.1M+0.7%	$576.0M+0.2%	$575.0M-1.6%	$584.2M+1.1%	$577.7M-1.0%	$583.8M-0.1%	$584.6M-1.8%	$595.5M
Retained Earnings	$380.1M+1.2%	$375.7M+0.5%	$373.9M+1.5%	$368.2M+1.3%	$363.6M+1.1%	$359.7M-2.8%	$369.9M+1.4%	$364.7M

HONE Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$3.8M-92.8%	$53.5M-22.3%	$68.9M-69.3%	$224.3M+932.2%	-$27.0M+25.4%	-$36.1M
Capital Expenditures	$1.2M-72.4%	$4.5M+97.8%	$2.3M-64.9%	$6.5M+12.5%	$5.7M+29.5%	$4.4M
Free Cash Flow	$2.6M-94.7%	$49.0M-26.4%	$66.6M-69.4%	$217.8M+766.3%	-$32.7M+19.4%	-$40.6M
Investing Cash Flow	-$76.7M+61.0%	-$196.7M+79.3%	-$952.0M-294.9%	-$241.1M+24.4%	-$318.9M-39.3%	-$228.8M
Financing Cash Flow	$76.6M-71.9%	$272.5M-65.3%	$786.4M+13930.6%	$5.6M-98.4%	$340.1M-8.4%	$371.1M
Dividends Paid	$13.1M+2.2%	$12.8M+5.2%	$12.2M+32.6%	$9.2M+182.2%	$3.3M	N/A
Share Buybacks	$21.5M-52.3%	$45.2M-27.7%	$62.5M-9.7%	$69.2M+334.7%	$15.9M+2108.5%	$721K

Metric	Q2'25	Q1'25	Q2'24	Q3'24	Q1'24	Q4'23	Q3'23	Q2'23
Operating Cash Flow	-$5.0M-121.3%	$23.4M+570.0%	$3.5M-86.0%	$24.9M+66.4%	$15.0M+193.1%	-$16.1M-157.4%	$28.0M-12.2%	$31.9M
Capital Expenditures	$139K-33.2%	$208K-38.6%	$339K-40.4%	$569K+417.3%	$110K-88.0%	$916K-3.2%	$946K-55.5%	$2.1M
Free Cash Flow	-$5.1M-122.1%	$23.2M+635.5%	$3.1M-87.1%	$24.4M+63.8%	$14.9M+187.5%	-$17.0M-162.8%	$27.1M-9.1%	$29.8M
Investing Cash Flow	$70.5M+112.3%	$33.2M+69.2%	$19.6M+177.0%	-$25.5M+23.2%	-$33.1M-10.7%	-$29.9M-80.8%	-$16.6M+78.9%	-$78.6M
Financing Cash Flow	-$92.9M-62.7%	-$57.1M-250.1%	-$16.3M-59.4%	-$10.2M-105.6%	$184.3M+593.0%	$26.6M+251.8%	-$17.5M-135.2%	$49.8M
Dividends Paid	$3.6M+2.3%	$3.5M+41.5%	$2.5M-23.6%	$3.3M-6.0%	$3.5M+44.1%	$2.4M-24.0%	$3.2M-1.0%	$3.2M
Share Buybacks	$3.1M-51.6%	$6.4M+29.1%	$4.9M+16.2%	$4.3M-32.1%	$6.3M+8.2%	$5.8M-10.7%	$6.5M+11.5%	$5.8M

HONE Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	10.1%+3.5pp	6.6%-19.9pp	26.5%-14.2pp	40.7%+10.5pp	30.1%+18.4pp	11.8%
Return on Equity	4.8%+2.0pp	2.8%-4.6pp	7.4%-1.2pp	8.6%+2.2pp	6.4%+3.7pp	2.7%
Return on Assets	0.5%+0.2pp	0.3%-0.6pp	0.9%-0.4pp	1.3%+0.3pp	1.0%+0.6pp	0.4%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.90-0.1	0.97+0.3	0.65+0.6	0.08-0.1	0.16-0.1	0.26
FCF Margin	1.0%-19.1pp	20.1%-18.7pp	38.8%-112.6pp	151.4%+173.4pp	-22.0%+4.2pp	-26.2%

Metric	Q2'25	Q1'25	Q2'24	Q3'24	Q1'24	Q4'23	Q3'23	Q2'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	12.3%+3.7pp	8.5%-4.6pp	13.2%+7.5pp	5.7%-5.2pp	10.9%+21.9pp	-11.0%-24.4pp	13.3%+1.0pp	12.3%
Return on Equity	1.4%+0.4pp	0.9%-0.6pp	1.6%+0.9pp	0.7%-0.6pp	1.3%	N/A	1.4%+0.2pp	1.3%
Return on Assets	0.1%+0.0pp	0.1%-0.1pp	0.1%+0.1pp	0.1%-0.0pp	0.1%+0.2pp	-0.1%-0.3pp	0.1%+0.0pp	0.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.76+0.1	0.69-0.2	0.90-0.0	0.92-0.4	1.31+0.3	0.97+0.2	0.81-0.2	1.02
FCF Margin	-7.8%-43.7pp	35.9%+31.3pp	4.7%-30.6pp	35.3%+13.1pp	22.2%+48.6pp	-26.4%-69.3pp	42.9%-6.1pp	49.0%

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Frequently Asked Questions

What is Harborone Bancorp Inc's annual revenue?

Harborone Bancorp Inc (HONE) reported $271.4M in total revenue for fiscal year 2024. This represents a 11.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Harborone Bancorp Inc's revenue growing?

Harborone Bancorp Inc (HONE) revenue grew by 11.1% year-over-year, from $244.3M to $271.4M in fiscal year 2024.

Is Harborone Bancorp Inc profitable?

Yes, Harborone Bancorp Inc (HONE) reported a net income of $27.4M in fiscal year 2024, with a net profit margin of 10.1%.

What is Harborone Bancorp Inc's earnings per share (EPS)?

Harborone Bancorp Inc (HONE) reported diluted earnings per share of $0.66 for fiscal year 2024. This represents a 78.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

How much debt does Harborone Bancorp Inc have?

As of fiscal year 2024, Harborone Bancorp Inc (HONE) had $231.1M in cash and equivalents against $516.6M in long-term debt.

What is Harborone Bancorp Inc's net profit margin?

Harborone Bancorp Inc (HONE) had a net profit margin of 10.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does Harborone Bancorp Inc pay dividends?

Yes, Harborone Bancorp Inc (HONE) paid $0.32 per share in dividends during fiscal year 2024.

What is Harborone Bancorp Inc's return on equity (ROE)?

Harborone Bancorp Inc (HONE) has a return on equity of 4.8% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Harborone Bancorp Inc's free cash flow?

Harborone Bancorp Inc (HONE) generated $2.6M in free cash flow during fiscal year 2024. This represents a -94.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Harborone Bancorp Inc's operating cash flow?

Harborone Bancorp Inc (HONE) generated $3.8M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Harborone Bancorp Inc's total assets?

Harborone Bancorp Inc (HONE) had $5.8B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Harborone Bancorp Inc's capital expenditures?

Harborone Bancorp Inc (HONE) invested $1.2M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

Does Harborone Bancorp Inc buy back shares?

Yes, Harborone Bancorp Inc (HONE) spent $21.5M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Harborone Bancorp Inc have outstanding?

Harborone Bancorp Inc (HONE) had 44M shares outstanding as of fiscal year 2024.

What is Harborone Bancorp Inc's debt-to-equity ratio?

Harborone Bancorp Inc (HONE) had a debt-to-equity ratio of 0.90 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Harborone Bancorp Inc's return on assets (ROA)?

Harborone Bancorp Inc (HONE) had a return on assets of 0.5% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Harborone Bancorp Inc's Piotroski F-Score?

Harborone Bancorp Inc (HONE) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Harborone Bancorp Inc's earnings high quality?

Harborone Bancorp Inc (HONE) has an earnings quality ratio of 0.14x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Harborone Bancorp Inc?

Harborone Bancorp Inc (HONE) scores 41 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.