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.
HarborOne Bancorp, Inc. (NASDAQ: HONE) announced its 2022 Annual Meeting of Shareholders will be held on May 18, 2022, at 10:00 a.m. in Randolph, Massachusetts. Shareholders of record as of March 22, 2022, are entitled to vote, with options for remote participation. Further details regarding remote access will be provided in the proxy statement. HarborOne Bancorp is the holding company for HarborOne Bank, which operates 30 branches in Eastern Massachusetts and Rhode Island, serving various financial needs and offering educational services through HarborOne U.
The Board of Directors of HarborOne Bancorp, Inc. (NASDAQ: HONE) announced that CEO James W. Blake will retire on May 18, 2022. Joseph F. Casey, currently President and COO, will succeed him as CEO on May 19, 2022. Blake, who has led the company since 1995, oversaw significant growth, increasing assets from $458 million to over $4.5 billion and expanding branches from 7 to 30. Casey has been with the bank since 2004 and has held various leadership roles. The transition marks a continued commitment to growth and community service.
HarborOne Bancorp (HONE) reported a net income of $58.5 million, or $1.14 per diluted share, for the year ended December 31, 2021, marking a 30.6% increase from 2020. For Q4 2021, net income was $12.6 million, slightly up from Q3 2021's $12.3 million but down from $17.6 million in Q4 2020. Key highlights include 12.1% commercial loan growth and a 9.4% rise in net interest income year-over-year. The company maintained a return on average assets of 1.29% and plans to continue expanding in metro Boston.
HarborOne Bancorp, Inc. (NASDAQ: HONE) has declared a quarterly cash dividend of $0.05 per share, scheduled for payment on January 18, 2022. Shareholders of record as of the close of business on January 4, 2022 will receive this dividend. The announcement highlights the company's ongoing commitment to returning value to its shareholders amidst potential challenges in the financial landscape, including ongoing pandemic impacts and economic uncertainties, which may affect future financial results.
HarborOne Bancorp reported a net income of $12.3 million, or $0.24 per diluted share for Q3 2021, down from $14.3 million in Q2 2021. Year-to-date income rose to $45.9 million compared to $27.2 million last year. Key highlights included commercial loan growth of $52.8 million and a $1.6 million reversal in loan loss provisions. However, net interest income increased slightly to $32.8 million, with a net interest margin of 3.08%. The bank announced a new branch expansion in Boston, aiming to bolster its market presence.
HarborOne Bancorp, Inc. (NASDAQ: HONE) has declared a quarterly cash dividend of $0.05 per share, payable on October 27, 2021, to shareholders of record by October 13, 2021. This announcement reflects the company's ongoing commitment to return value to its shareholders. HarborOne Bancorp is the holding company of HarborOne Bank, which operates 27 branches in Massachusetts and Rhode Island, serving various financial needs across the regions.
HarborOne Bancorp announced the acquisition of four former East Boston Savings Bank branches in Brighton, Cambridge, and Brookline, Massachusetts, expanding its presence in Greater Boston. The transaction awaits contingencies and is slated to finalize post Rockland Trust's acquisition of East Boston Savings Bank. This move aligns with HarborOne's growth strategy, leveraging market disruptions to enhance banking service delivery.
HarborOne Bancorp, Inc. (NASDAQ: HONE) has initiated a new share repurchase program, allowing the company to buy back up to 2,668,159 shares, approximately 5% of its outstanding shares. This program is authorized through regulatory approval and follows a previous buyback completed on September 8, 2021. The repurchase will be conducted in open market transactions, depending on factors like market conditions and corporate priorities. Any repurchased shares will be held as authorized but unissued shares, and the program may be suspended or terminated at any time before its expiration on September 17, 2022.
HarborOne Bancorp reported a net income of $14.3 million ($0.27 per diluted share) for Q2 2021, declining from $19.4 million ($0.37) in Q1 and increasing from $10.6 million ($0.19) a year prior. Year-to-date income reached $33.7 million ($0.64), doubling from $15.3 million in the same period last year. The bank maintained strong asset quality with net recoveries of 0.02% and a $4.3 million provision reversal. Notably, total noninterest income fell 42.6% to $21.7 million, attributed to decreased mortgage activity. Total assets slightly increased to $4.62 billion.
HarborOne Bancorp, Inc. (NASDAQ: HONE) announced that Camille Madden, President of HarborOne Mortgage, was named one of Mortgage Banker’s 2021 Powerful Women of Mortgage Banking. Under Ms. Madden's leadership, HarborOne Mortgage's income surged to $31.9 million in 2020, marking a 145.6% increase from 2019. The bank continues to thrive with $4.61 billion in assets and serves clients across Massachusetts and Rhode Island through 26 branches. The recognition highlights Ms. Madden's impact on the mortgage division and her commitment to community engagement.