Welcome to our dedicated page for Harborone Bancorp news (Ticker: HONE), a resource for investors and traders seeking the latest updates and insights on Harborone Bancorp stock.
HarborOne Bancorp Inc (HONE) provides essential financial services through its cooperative banking model and mortgage solutions across New England communities. This news hub offers investors and stakeholders timely updates about strategic developments, regulatory compliance, and community-focused banking initiatives.
Access curated press releases detailing earnings reports, leadership changes, and product innovations. Discover announcements about commercial lending expansions, digital banking enhancements, and local economic partnerships that reflect HarborOne’s dual commitment to growth and community service.
Key updates include quarterly financial results, merger/acquisition activity, and regulatory filings. Track the company’s progress in sustainable banking practices and its responses to evolving market conditions in the New England region.
Bookmark this page for streamlined access to verified information about HONE’s operational milestones. Combine these updates with SEC filings and earnings call transcripts available on Stock Titan for comprehensive investment analysis.
HarborOne Bancorp (NASDAQ: HONE) reported a net income of $7.3 million, or $0.16 per diluted share, in Q1 2023, down from $9.6 million and $12.3 million in Q4 2022 and Q1 2022, respectively. Aiming for efficiency, the company anticipates annual cost savings of $4.1 million from recent measures, including branch closures. Capital return to shareholders reached $3.3 million through dividends with a 7% increase in the quarterly dividend. Net interest income decreased to $34.4 million, impacted by rising funding costs, while noninterest income fell by 12.2% to $8.7 million. Total assets grew by 4.0% to $5.57 billion, driven by a $73.0 million increase in loans. Despite challenges, management maintains confidence in credit quality and liquidity, managing a disciplined underwriting approach amid economic uncertainties.
HarborOne Bancorp, Inc. (NASDAQ: HONE) has declared a quarterly cash dividend of $0.075 per share, marking a 7% increase from the previous dividend of $0.07 paid on January 17, 2023. The dividend will be disbursed on April 26, 2023, to shareholders on record as of April 12, 2023. This increase, supported by the company's current and projected earnings, equates to an annualized rate of $0.30 per share.
HarborOne Bancorp, Inc. (NASDAQ: HONE) has scheduled its 2023 annual meeting of shareholders for May 17, 2023, at 10:00 a.m. local time, to be held at Goodwin Procter LLP, Boston, Massachusetts. Shareholders on record as of March 21, 2023, will be eligible to vote. The Company will issue further details in its proxy statement. HarborOne Bancorp operates HarborOne Bank, which offers financial services in Eastern Massachusetts and Rhode Island through 31 full-service branches and additional resources like “HarborOne U” for financial education.
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