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) news coverage on this page centers on the company’s role as a regional bank holding company and its subsequent acquisition by Eastern Bankshares, Inc. As disclosed in joint press releases and SEC filings, HarborOne was the holding company for HarborOne Bank, a Massachusetts-chartered trust company, and HarborOne Mortgage, LLC. News items document how HarborOne served consumers, businesses, and municipalities in Eastern Massachusetts and Rhode Island, as well as mortgage customers throughout New England and other states.
Much of the recent HONE news flow relates to the merger process with Eastern Bankshares, Inc. Articles describe the April 24, 2025 definitive merger agreement, shareholder approval of the merger at HarborOne’s August 20, 2025 special meeting, receipt of regulatory approvals, and the steps leading to closing. Press releases and Form 8-K disclosures outline the stock-and-cash consideration structure, the election and proration mechanics, and the final completion of the merger effective November 1, 2025.
Investors reviewing historical HONE news will also find quarterly earnings announcements and dividend declarations from HarborOne Bancorp, Inc. These releases discuss net income, net interest margin, noninterest income driven in part by HarborOne Mortgage, noninterest expenses, and asset quality metrics. They also note Board decisions on quarterly cash dividends and describe factors affecting loan and deposit trends.
This news page is useful for understanding how HarborOne’s commercial banking, mortgage lending, and educational initiatives such as HarborOne U evolved leading up to its combination with Eastern Bankshares, Inc. By reading through the archived press releases and related regulatory disclosures, users can trace the timeline from standalone operations to the final delisting of HONE from the Nasdaq Global Select Market and the integration of HarborOne into Eastern’s broader banking platform.
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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.
HarborOne Bancorp, Inc. (NASDAQ: HONE) reported a net income of $45.6 million for 2022, a 22.1% drop from $58.5 million in 2021. For Q4 2022, net income was $9.6 million, down from $13.8 million in Q3 2022. Key highlights include a 13.4% increase in net interest income to $39.2 million, driven by growth in loans and deposit growth of 13.8%. Nonperforming loans decreased significantly to 0.32% of total loans. However, total noninterest income fell 30.5% QoQ. The Company's total assets rose by 7.5% to $5.36 billion, reflecting strong loan growth.