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.

Harborone Bancorp Inc Financials

HONE

Trailing 12 months to June 30, 2025

Revenue $266.6M +1.6% YoY

Net Income $26.4M +65.9% YoY

EPS (Diluted) $0.65 +66.7% YoY

Free Cash Flow $45.5M +407.2% YoY

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2025, ended Jun 30, 2025 Reported Aug 5, 2025 Currency USD FYE December

Harborone Bancorp Inc (HONE) reported $266.6M in revenue over the twelve months to Jun 30, 2025, up 1.6% from the prior twelve months. This page shows its 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).

Rhea AI HONE FY2024 2026-08-30

HarborOne’s balance-sheet intermediation relies on liability funding, while earnings convert unevenly into cash.

In FY2024, net income recovered to $27.4M, but operating cash flow was only $3.8M. That contrasts with FY2023, when operating cash flow was $53.5M despite lower net income, making the rebound look cash-light rather than purely operational.

FY2024 liabilities of $5.18B consumed most of the $5.75B asset base, leaving a comparatively thin equity buffer. At 0.9x debt-to-equity, leverage remains far above FY2021’s 0.1x, showing that the financing structure changed materially over the period.

Revenue reached $271.4M while selling, general and administrative expense stayed near $74.0M, so more of each additional revenue dollar reached the bottom line without relying on gross-margin data. Net margin improved to 10.1% from 6.6% despite a higher interest expense line, indicating that earnings recovery occurred alongside a substantial funding-cost burden.

Financial Health Signals

Financial Health Score 30/100

Scored as: Banks peer group

Scored against banks for FY2024. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Harborone Bancorp Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Earnings

Growth

Capital

Efficiency

Credit Quality

Stability

Piotroski F-Score Partial

6/7

Harborone Bancorp Inc passes 6 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 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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Earnings & Revenue

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.

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.

EBITDA

Not reported for fiscal year 2024.

Cash & Balance Sheet

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.

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

43M

YoY-3.8%

5Y CAGR-5.7%

Harborone Bancorp Inc had 43M shares outstanding in fiscal year 2024. This represents a decrease of 3.8% from the prior year.

Margins & Returns

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.

Gross Margin

Not reported for fiscal year 2024.

Operating Margin

Not reported for fiscal year 2024.

Capital Allocation

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.

R&D Spending

Not reported for fiscal year 2024.

HONE Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

HONE quarterly income statement

Metric	TTM	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17
Revenue	$266.6M	$271.4M+11.1%	$244.3M+42.1%	$171.9M+19.5%	$143.9M-3.1%	$148.6M-4.0%	$154.8M+33.8%	$115.7M+28.2%	$90.3M
SG&A Expenses	$75.0M	$74.0M+0.1%	$73.9M-11.2%	$83.3M-18.3%	$101.9M-3.5%	$105.6M+21.7%	$86.8M+23.0%	$70.6M+6.6%	$66.2M
Interest Expense	$210.8M	$145.8M+24.6%	$117.0M+410.0%	$22.9M+83.2%	$12.5M-56.0%	$28.5M-37.7%	$45.7M+70.7%	$26.8M+68.0%	$15.9M
Income Tax	$6.4M	$6.8M-24.3%	$9.0M-43.9%	$16.1M-26.4%	$21.9M+66.0%	$13.2M+199.8%	$4.4M+56.7%	$2.8M-57.8%	$6.7M
Net Income	$26.4M	$27.4M+70.5%	$16.1M-64.7%	$45.6M-22.1%	$58.5M+30.6%	$44.8M+145.2%	$18.3M+60.3%	$11.4M+9.8%	$10.4M
EPS (Diluted)	$0.65	$0.66+78.4%	$0.37-61.9%	$0.97-14.9%	$1.14+39.0%	$0.82+148.5%	$0.33+65.0%	$0.20+5.3%	$0.19

Metric	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$65.6M+1.8%	$64.4M-4.6%	$67.5M-2.2%	$69.0M+1.6%	$68.0M+1.6%	$66.9M+3.9%	$64.4M+1.9%	$63.2M
SG&A Expenses	$18.8M0.0%	$18.8M-0.4%	$18.9M+1.6%	$18.6M-2.2%	$19.0M+7.6%	$17.6M-8.1%	$19.2M+2.7%	$18.7M
Interest Expense	$32.4M-1.8%	$33.0M-69.6%	$108.3M+191.7%	$37.1M+1.5%	$36.6M+200.8%	-$36.3M-204.7%	$34.7M+8.1%	$32.1M
Income Tax	$2.6M+58.1%	$1.6M-11.2%	$1.8M+399.7%	$366K-83.5%	$2.2M-9.3%	$2.4M+31.9%	$1.9M-26.2%	$2.5M
Net Income	$8.1M+46.5%	$5.5M-38.1%	$8.9M+126.5%	$3.9M-46.2%	$7.3M-0.1%	$7.3M+202.7%	-$7.1M-184.5%	$8.4M
EPS (Diluted)	$0.20+42.9%	$0.14-33.3%	$0.21+110.0%	$0.10-44.4%	$0.18+5.9%	$0.17+206.3%	-$0.16-180.0%	$0.20

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income.

HONE Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

HONE quarterly balance sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17
Total Assets	$5.8B+1.5%	$5.7B+5.8%	$5.4B+17.7%	$4.6B+1.6%	$4.5B+10.5%	$4.1B+11.1%	$3.7B+36.1%	$2.7B
Cash & Equivalents	$231.1M+1.6%	$227.3M+131.9%	$98.0M-49.7%	$194.7M-5.4%	$205.9M-2.7%	$211.6M+100.5%	$105.5M+30.6%	$80.8M
Goodwill	$59.0M0.0%	$59.0M-15.4%	$69.8M0.0%	$69.8M0.0%	$69.8M0.0%	$69.8M-0.4%	$70.1M+424.4%	$13.4M
Total Liabilities	$5.2B+1.8%	$5.1B+7.2%	$4.7B+22.4%	$3.9B+2.3%	$3.8B+11.6%	$3.4B+3.0%	$3.3B+40.7%	$2.3B
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-25.6%	$229.9M	N/A
Total Equity	$575.0M-1.5%	$583.8M-5.4%	$617.0M-9.2%	$679.3M-2.4%	$696.3M+4.6%	$665.8M+86.2%	$357.6M+4.1%	$343.5M
Retained Earnings	$373.9M+3.9%	$359.7M+0.9%	$356.4M+9.4%	$325.7M+17.4%	$277.3M+16.8%	$237.4M+8.3%	$219.1M	N/A

Metric	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$5.6B-1.6%	$5.7B-0.9%	$5.8B-0.4%	$5.8B-0.2%	$5.8B-1.3%	$5.9B+3.4%	$5.7B+0.1%	$5.7B
Cash & Equivalents	$203.1M-11.9%	$230.5M-0.3%	$231.1M+3.0%	$224.3M-4.6%	$235.1M-40.3%	$393.4M+73.1%	$227.3M-7.9%	$246.8M
Goodwill	$59.0M0.0%	$59.0M0.0%	$59.0M0.0%	$59.0M0.0%	$59.0M0.0%	$59.0M0.0%	$59.0M-15.4%	$69.8M
Total Liabilities	$5.0B-1.9%	$5.1B-1.0%	$5.2B-0.3%	$5.2B-0.3%	$5.2B-1.4%	$5.3B+3.9%	$5.1B+0.1%	$5.1B
Long-Term Debt	$439.7M+10.0%	$399.5M-22.7%	$516.6M-4.2%	$539.4M-12.9%	$619.4M-17.9%	$754.4M+32.7%	$568.5M+19.6%	$475.5M
Total Equity	$580.1M+0.7%	$576.0M+0.2%	$575.0M-1.6%	$584.2M+1.2%	$577.3M-0.1%	$577.7M-1.0%	$583.8M-0.1%	$584.6M
Retained Earnings	$380.1M+1.2%	$375.7M+0.5%	$373.9M+1.5%	$368.2M+0.2%	$367.6M+1.1%	$363.6M+1.1%	$359.7M-2.8%	$369.9M

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities.

HONE Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

HONE quarterly cash flow statement

Metric	TTM	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17
Operating Cash Flow	$46.8M	$3.8M-92.8%	$53.5M-22.3%	$68.9M-69.3%	$224.3M+932.2%	-$27.0M+25.4%	-$36.1M-159.1%	$61.2M+39.4%	$43.9M
Capital Expenditures	$1.3M	$1.2M-72.4%	$4.5M+97.8%	$2.3M-64.9%	$6.5M+12.5%	$5.7M+29.5%	$4.4M-20.0%	$5.5M+74.0%	$3.2M
Free Cash Flow	$45.5M	$2.6M-94.7%	$49.0M-26.4%	$66.6M-69.4%	$217.8M+766.3%	-$32.7M+19.4%	-$40.6M-172.9%	$55.6M+36.7%	$40.7M
Investing Cash Flow	$97.8M	-$76.7M+61.0%	-$196.7M+79.3%	-$952.0M-294.9%	-$241.1M+24.4%	-$318.9M-39.3%	-$228.8M-6.0%	-$215.9M+9.1%	-$237.4M
Financing Cash Flow	-$176.6M	$76.6M-71.9%	$272.5M-65.3%	$786.4M+13930.6%	$5.6M-98.4%	$340.1M-8.4%	$371.1M+106.8%	$179.5M-19.9%	$224.1M
Dividends Paid	$13.0M	$13.1M+2.2%	$12.8M+5.2%	$12.2M+32.6%	$9.2M+182.2%	$3.3M	N/A	N/A	N/A
Share Buybacks	$18.7M	$21.5M-52.3%	$45.2M-27.7%	$62.5M-9.7%	$69.2M+334.7%	$15.9M+2108.5%	$721K-43.1%	$1.3M+352.9%	$280K

Metric	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	-$5.0M-121.3%	$23.4M+570.0%	$3.5M-86.0%	$24.9M+163.0%	-$39.5M-364.1%	$15.0M+193.1%	-$16.1M-157.4%	$28.0M
Capital Expenditures	$139K-33.2%	$208K-38.6%	$339K-40.4%	$569K+158.6%	$220K+100.0%	$110K-88.0%	$916K-3.2%	$946K
Free Cash Flow	-$5.1M-122.1%	$23.2M+635.5%	$3.1M-87.1%	$24.4M+161.2%	-$39.8M-367.5%	$14.9M+187.5%	-$17.0M-162.8%	$27.1M
Investing Cash Flow	$70.5M+112.3%	$33.2M+69.2%	$19.6M+177.0%	-$25.5M+32.5%	-$37.7M-13.7%	-$33.1M-10.7%	-$29.9M-80.8%	-$16.6M
Financing Cash Flow	-$92.9M-62.7%	-$57.1M-250.1%	-$16.3M-59.4%	-$10.2M+87.4%	-$81.1M-144.0%	$184.3M+593.0%	$26.6M+251.8%	-$17.5M
Dividends Paid	$3.6M+2.3%	$3.5M+41.5%	$2.5M-23.6%	$3.3M-0.5%	$3.3M-5.5%	$3.5M+44.1%	$2.4M-24.0%	$3.2M
Share Buybacks	$3.1M-51.6%	$6.4M+29.1%	$4.9M+16.2%	$4.3M-30.2%	$6.1M-2.7%	$6.3M+8.2%	$5.8M-10.7%	$6.5M

HONE Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

HONE quarterly financial ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17
Net Margin	10.1%+3.5pp	6.6%-19.9pp	26.5%-14.2pp	40.7%+10.5pp	30.1%+18.4pp	11.8%+1.9pp	9.8%-1.7pp	11.5%
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%-0.4pp	3.2%+0.2pp	3.0%
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%+0.1pp	0.3%-0.1pp	0.4%
Debt-to-Equity	0.90-0.1x	0.97+0.3x	0.65+0.6x	0.08-0.1x	0.16-0.1x	0.26-0.4x	0.64-6.2x	6.82
FCF Margin	1.0%-19.1pp	20.1%-18.7pp	38.8%	151.4%	-22.0%+4.2pp	-26.2%-74.3pp	48.1%+3.0pp	45.1%

Metric	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Net Margin	12.3%+3.7pp	8.5%-4.6pp	13.2%+7.5pp	5.7%-5.1pp	10.7%-0.2pp	10.9%+21.9pp	-11.0%-24.4pp	13.3%
Return on Equity	1.4%+0.4pp	0.9%-0.6pp	1.6%+0.9pp	0.7%-0.6pp	1.3%0.0pp	1.3%+2.5pp	-1.2%-2.7pp	1.4%
Return on Assets	0.1%0.0pp	0.1%-0.1pp	0.1%+0.1pp	0.1%-0.1pp	0.1%0.0pp	0.1%+0.2pp	-0.1%-0.3pp	0.1%
Debt-to-Equity	0.76+0.1x	0.69-0.2x	0.900.0x	0.92-0.1x	1.07-0.2x	1.31+0.3x	0.97+0.2x	0.81
FCF Margin	-7.8%-43.7pp	35.9%+31.3pp	4.7%-30.6pp	35.3%+93.8pp	-58.5%-80.7pp	22.2%+48.6pp	-26.4%-69.3pp	42.9%

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.

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Where Harborone Bancorp Inc Ranks

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%.

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 43M 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 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 30 out of 100 on our Financial Health Score, indicating weak standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.