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HarborOne Bancorp (HONE) Financials

HarborOne Bancorp logo
$13.44 -0.43 (-3.10%)
Closing price 04:00 PM Eastern
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$13.44 0.00 (0.00%)
As of 07:05 PM Eastern
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Annual Income Statements for HarborOne Bancorp

Annual Income Statements for HarborOne Bancorp

This table shows HarborOne Bancorp's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 43 46 16 27
Consolidated Net Income / (Loss)		 59 46 16 27
Net Income / (Loss) Continuing Operations		 43 46 16 27
Total Pre-Tax Income 		80 62 25 34
Total Revenue		 216 206 169 173
Net Interest Income / (Expense)		 270 149 127 126
Total Interest Income		 144 172 244 271
Loans and Leases Interest Income		 139 164 227 249
Investment Securities Interest Income		 4.21 7.59 8.12 8.15
Other Interest Income		 0.52 0.69 8.92 14
Total Interest Expense		 13 23 117 146
Deposits Interest Expense		 8.72 16 88 114
Long-Term Debt Interest Expense		 2.10 2.10 2.78 0.00
Federal Funds Purchased and Securities Sold Interest Expense		 1.71 5.22 26 32
Total Non-Interest Income		 101 57 42 47
Service Charges on Deposit Accounts		 18 20 21 22
Other Service Charges		 2.82 14 13 12
Net Realized & Unrealized Capital Gains on Investments		 62 21 5.72 9.92
Other Non-Interest Income		 2.40 1.98 2.75 3.05
Provision for Credit Losses		 -7.26 5.66 5.68 8.28
Total Non-Interest Expense		 159 139 138 130
Salaries and Employee Benefits		 102 83 74 74
Net Occupancy & Equipment Expense		 29 29 29 29
Marketing Expense		 3.64 3.92 3.71 3.33
Property & Liability Insurance Claims		 1.34 1.45 3.49 4.35
Other Operating Expenses		 22 21 18 20
Impairment Charge		 0.00 0.00 11 0.00
Income Tax Expense		 22 16 9.05 6.85
Basic Earnings per Share		 $1.15 $0.98 $0.37 $0.66
Weighted Average Basic Shares Outstanding		 50.75M 46.48M 43.22M 41.22M
Diluted Earnings per Share		 $1.14 $0.97 $0.37 $0.66
Weighted Average Diluted Shares Outstanding		 51.52M 47.12M 43.42M 41.47M
Weighted Average Basic & Diluted Shares Outstanding		 51.37M 48.28M 45.24M 43.50M
Cash Dividends to Common per Share		 $0.20 $0.28 $0.30 $0.32

Quarterly Income Statements for HarborOne Bancorp

This table shows HarborOne Bancorp's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 18 5.20 9.37 11 11 -15 6.63 12 9.22 -0.45
Consolidated Net Income / (Loss)		 14 9.58 7.30 11 11 -13 7.30 12 9.22 -1.12
Net Income / (Loss) Continuing Operations		 18 5.20 9.37 11 11 -15 6.63 12 9.22 -0.45
Total Pre-Tax Income 		18 12 9.71 9.75 11 -5.26 9.74 9.51 4.29 11
Total Revenue		 58 46 44 47 44 34 39 46 46 42
Net Interest Income / (Expense)		 39 39 67 32 31 -2.84 61 31 32 1.08
Total Interest Income		 45 52 56 61 63 64 67 68 69 68
Loans and Leases Interest Income		 42 50 53 56 58 60 60 62 64 63
Investment Securities Interest Income		 1.97 2.05 2.08 2.04 2.00 2.00 2.07 2.12 1.97 2.00
Other Interest Income		 0.14 0.36 0.80 2.94 2.67 2.52 4.66 3.97 2.93 2.59
Total Interest Expense		 5.22 13 22 21 26 49 36 27 30 52
Deposits Interest Expense		 3.49 8.50 16 20 25 27 27 27 30 30
Total Non-Interest Income		 14 9.90 8.69 13 12 8.90 11 12 11 14
Service Charges on Deposit Accounts		 4.87 5.42 4.73 5.01 5.13 5.80 4.98 5.22 5.37 6.02
Other Service Charges		 3.25 7.03 0.59 0.96 0.69 10 0.52 0.63 0.80 10
Net Realized & Unrealized Capital Gains on Investments		 10 -6.51 2.22 0.00 0.00 3.50 2.01 -1.04 0.00 8.95
Other Non-Interest Income		 0.50 0.50 2.19 0.51 0.53 -0.49 0.69 0.76 0.78 0.82
Provision for Credit Losses		 0.67 2.11 1.87 3.28 -0.11 0.64 -0.17 0.62 5.90 1.93
Total Non-Interest Expense		 34 35 32 32 32 43 32 33 32 33
Salaries and Employee Benefits		 21 20 18 18 19 19 18 19 19 19
Net Occupancy & Equipment Expense		 7.14 7.29 7.39 7.04 6.98 7.14 7.26 7.01 7.34 7.10
Marketing Expense		 0.85 0.86 1.18 0.93 0.79 0.81 0.82 1.37 0.55 0.60
Other Operating Expenses		 5.49 5.86 4.12 4.04 3.86 5.89 4.18 4.06 4.08 7.31
Income Tax Expense		 4.68 2.76 2.42 2.28 2.51 1.85 2.44 2.21 0.37 1.83
Basic Earnings per Share		 $0.30 $0.21 $0.16 $0.17 $0.20 ($0.16) $0.17 $0.18 $0.10 $0.21
Weighted Average Basic Shares Outstanding		 45.83M 46.48M 44.86M 43.06M 42.88M 43.22M 41.91M 41.29M 40.98M 41.22M
Diluted Earnings per Share		 $0.30 $0.21 $0.16 $0.17 $0.20 ($0.16) $0.17 $0.18 $0.10 $0.21
Weighted Average Diluted Shares Outstanding		 46.42M 47.12M 45.28M 43.13M 42.98M 43.42M 42.13M 41.37M 41.34M 41.47M
Weighted Average Basic & Diluted Shares Outstanding		 49.19M 48.28M 46.59M 46.55M 45.77M 45.24M 44.68M 44.41M 44.05M 43.50M

Annual Cash Flow Statements for HarborOne Bancorp

This table details how cash moves in and out of HarborOne Bancorp's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 -11 -97 129 3.72
Net Cash From Operating Activities		 224 69 54 3.84
Net Cash From Continuing Operating Activities		 224 69 54 3.84
Net Income / (Loss) Continuing Operations		 59 46 16 27
Consolidated Net Income / (Loss)		 59 46 16 27
Provision For Loan Losses		 -7.26 5.66 5.68 8.28
Depreciation Expense		 4.41 3.92 3.84 3.73
Amortization Expense		 2.49 1.56 1.72 0.72
Non-Cash Adjustments to Reconcile Net Income		 157 24 11 -20
Changes in Operating Assets and Liabilities, net		 9.61 -11 16 -16
Net Cash From Investing Activities		 -241 -952 -197 -77
Net Cash From Continuing Investing Activities		 -241 -952 -197 -77
Purchase of Property, Leasehold Improvements and Equipment		 -6.46 -2.27 -4.48 -1.24
Purchase of Investment Securities		 -400 -922 -208 -118
Sale of Property, Leasehold Improvements and Equipment		 0.00 0.69 0.87 1.48
Sale and/or Maturity of Investments		 192 30 15 41
Other Investing Activities, net		 -27 -58 0.00 0.00
Net Cash From Financing Activities		 5.61 786 273 77
Net Cash From Continuing Financing Activities		 5.61 786 273 77
Net Change in Deposits		 176 507 198 163
Issuance of Debt		 3.40 0.00 325 428
Repayment of Debt		 -97 345 -192 -479
Repurchase of Common Equity		 -69 -63 -45 -22
Payment of Dividends		 -9.20 -12 -13 -13
Other Financing Activities, Net		 1.37 9.44 -0.02 -0.20
Cash Income Taxes Paid		 21 12 11 9.84

Quarterly Cash Flow Statements for HarborOne Bancorp

This table details how cash moves in and out of HarborOne Bancorp's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Change in Cash & Equivalents		 1.62 12 152 3.10 -6.07 -19 166 -158 -11 6.79
Net Cash From Operating Activities		 32 16 9.67 32 28 -16 15 -40 25 3.49
Net Cash From Continuing Operating Activities		 32 16 9.67 32 28 -16 15 -40 25 3.49
Net Income / (Loss) Continuing Operations		 14 9.58 7.30 7.48 8.41 -7.11 7.30 7.30 3.92 8.89
Consolidated Net Income / (Loss)		 14 9.58 7.30 7.48 8.41 -7.11 7.30 7.30 3.92 8.89
Provision For Loan Losses		 0.67 2.11 1.87 3.28 -0.11 0.64 -0.17 0.62 5.90 1.93
Depreciation Expense		 0.98 1.00 0.97 0.95 0.95 0.97 0.95 0.94 0.93 0.92
Amortization Expense		 0.51 0.26 0.24 0.30 0.37 0.81 0.22 0.29 0.22 -0.01
Non-Cash Adjustments to Reconcile Net Income		 11 5.75 6.23 -7.62 2.38 9.59 3.02 -25 17 -15
Changes in Operating Assets and Liabilities, net		 5.53 -3.08 -6.94 28 16 -21 3.65 -24 -2.87 6.58
Net Cash From Investing Activities		 -292 -358 -72 -79 -17 -30 -33 -38 -25 20
Net Cash From Continuing Investing Activities		 -292 -358 -72 -79 -17 -30 -33 -38 -25 20
Purchase of Property, Leasehold Improvements and Equipment		 -0.74 -0.93 -0.49 -2.13 -0.95 -0.92 -0.11 -0.22 -0.57 -0.34
Purchase of Investment Securities		 -289 -359 -76 -75 -26 -31 -39 -63 -28 11
Sale and/or Maturity of Investments		 -1.51 1.75 5.29 -1.38 9.96 0.95 5.47 24 3.58 8.54
Net Cash From Financing Activities		 261 355 214 50 -18 27 184 -81 -10 -16
Net Cash From Continuing Financing Activities		 261 355 214 50 -18 27 184 -81 -10 -16
Net Change in Deposits		 35 306 52 46 122 -23 6.62 64 78 15
Issuance of Debt		 - - 190 -15 80 70 317 110 -243 243
Repayment of Debt		 240 55 -0.01 29 -209 -12 -131 -245 163 -266
Repurchase of Common Equity		 -11 -5.26 -27 -5.81 -6.48 -5.79 -6.26 -6.09 -4.25 -4.94
Payment of Dividends		 -3.49 -2.53 -3.44 -3.48 -3.47 -2.43 -3.50 -3.57 -3.53 -2.51
Other Financing Activities, Net		 0.20 1.19 2.05 -0.51 -0.92 -0.64 1.49 -0.73 -0.33 -0.64
Cash Income Taxes Paid		 3.40 3.65 1.13 3.87 2.50 3.47 2.10 2.27 2.87 2.60

Annual Balance Sheets for HarborOne Bancorp

This table presents HarborOne Bancorp's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 4,553 5,360 5,668 5,753
Cash and Due from Banks		 195 98 227 231
Trading Account Securities		 394 321 310 284
Loans and Leases, Net of Allowance		 3,562 4,504 4,702 4,796
Loans and Leases		 3,608 4,550 4,750 4,852
Allowance for Loan and Lease Losses		 45 45 48 56
Loans Held for Sale		 3,608 19 20 37
Premises and Equipment, Net		 51 49 49 46
Goodwill		 70 70 59 59
Intangible Assets		 3.16 2.27 1.52 0.76
Other Assets		 233 296 299 299
Total Liabilities & Shareholders' Equity		 4,553 5,360 5,668 5,753
Total Liabilities		 3,874 4,743 5,084 5,178
Interest Bearing Deposits		 3,683 4,189 4,387 4,551
Accrued Interest Payable		 1.08 2.33 5.25 6.58
Long-Term Debt		 90 50 568 517
Other Long-Term Liabilities		 101 116 123 104
Commitments & Contingencies		 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 679 617 584 575
Total Preferred & Common Equity		 679 617 584 575
Total Common Equity		 679 617 584 575
Common Stock		 471 484 487 490
Retained Earnings		 326 356 360 374
Treasury Stock		 -86 -148 -194 -215
Accumulated Other Comprehensive Income / (Loss)		 -1.64 -47 -44 -50
Other Equity Adjustments		 -29 -28 -26 -24

Quarterly Balance Sheets for HarborOne Bancorp

This table presents HarborOne Bancorp's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024
Total Assets		 4,988 5,573 5,659 5,664 5,862 5,787 5,776
Cash and Due from Banks		 86 250 253 247 393 235 224
Trading Account Securities		 320 323 312 291 311 289 296
Loans and Leases, Net of Allowance		 4,153 4,576 4,650 4,675 4,729 4,790 4,825
Loans and Leases		 4,197 4,623 4,698 4,723 4,777 4,839 4,880
Allowance for Loan and Lease Losses		 45 47 48 48 48 49 54
Loans Held for Sale		 19 4,590 21 18 16 42 28
Premises and Equipment, Net		 49 49 49 49 48 47 47
Goodwill		 70 70 70 70 59 59 59
Intangible Assets		 2.46 2.08 1.89 1.70 1.33 1.14 0.95
Other Assets		 289 290 303 314 305 324 294
Total Liabilities & Shareholders' Equity		 4,988 5,573 5,659 5,664 5,862 5,787 5,776
Total Liabilities		 4,376 4,973 5,064 5,080 5,285 5,210 5,192
Interest Bearing Deposits		 3,883 4,242 4,287 4,410 4,394 4,458 4,536
Accrued Interest Payable		 0.95 3.25 4.85 4.62 7.30 8.26 12
Long-Term Debt		 50 200 639 510 754 619 539
Other Long-Term Liabilities		 112 103 132 155 129 124 105
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 611 600 596 585 578 577 584
Total Preferred & Common Equity		 611 600 596 585 578 577 584
Total Common Equity		 611 600 596 585 578 577 584
Common Stock		 481 484 485 486 488 489 490
Retained Earnings		 350 360 365 370 364 368 368
Treasury Stock		 -143 -176 -181 -188 -200 -206 -210
Accumulated Other Comprehensive Income / (Loss)		 -49 -42 -46 -57 -49 -48 -39
Other Equity Adjustments		 -28 -27 -27 -26 -25 -25 -24

Annual Metrics And Ratios for HarborOne Bancorp

This table displays calculated financial ratios and metrics derived from HarborOne Bancorp's official financial filings.

Metric 2021 2022 2023 2024
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - -
Revenue Growth		 -43.98% -4.63% -18.02% 2.04%
EBITDA Growth		 -63.05% -6.15% -54.35% 26.16%
EBIT Growth		 -65.09% -4.61% -59.30% 36.35%
NOPAT Growth		 30.64% -22.09% -64.73% 70.47%
Net Income Growth		 30.64% -22.09% -64.73% 70.47%
EPS Growth		 39.02% -14.91% -61.86% 78.38%
Operating Cash Flow Growth		 932.20% -69.28% -22.34% -92.82%
Free Cash Flow Firm Growth		 -22.97% -240.51% 64.50% 204.58%
Invested Capital Growth		 -12.54% 36.77% 9.53% -5.26%
Revenue Q/Q Growth		 0.00% 0.00% -6.22% 4.29%
EBITDA Q/Q Growth		 0.00% 0.00% -36.72% 65.29%
EBIT Q/Q Growth		 0.00% 0.00% -42.17% 89.30%
NOPAT Q/Q Growth		 0.00% 0.00% -50.93% 140.22%
Net Income Q/Q Growth		 0.00% 0.00% -58.72% 79.82%
EPS Q/Q Growth		 0.00% 0.00% -50.00% 127.59%
Operating Cash Flow Q/Q Growth		 0.00% -37.57% -37.20% 124.42%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 598.29%
Invested Capital Q/Q Growth		 0.00% 0.00% 5.28% -2.85%
Profitability Metrics		 - - - -
EBITDA Margin		 33.11% 32.58% 18.14% 22.43%
EBIT Margin		 29.92% 29.92% 14.86% 19.85%
Profit (Net Income) Margin		 27.05% 22.10% 9.51% 15.88%
Tax Burden Percent		 72.74% 73.85% 63.99% 80.00%
Interest Burden Percent		 124.32% 100.00% 100.00% 100.00%
Effective Tax Rate		 27.26% 26.15% 36.01% 20.00%
Return on Invested Capital (ROIC)		 7.10% 5.01% 1.46% 2.44%
ROIC Less NNEP Spread (ROIC-NNEP)		 7.10% 5.01% 1.46% 2.44%
Return on Net Nonoperating Assets (RNNOA)		 1.41% 2.03% 1.22% 2.29%
Return on Equity (ROE)		 8.51% 7.03% 2.68% 4.73%
Cash Return on Invested Capital (CROIC)		 20.48% -26.05% -7.64% 7.85%
Operating Return on Assets (OROA)		 1.43% 1.25% 0.46% 0.60%
Return on Assets (ROA)		 1.30% 0.92% 0.29% 0.48%
Return on Common Equity (ROCE)		 8.51% 7.03% 2.68% 4.73%
Return on Equity Simple (ROE_SIMPLE)		 8.61% 7.39% 2.75% 4.77%
Net Operating Profit after Tax (NOPAT)		 59 46 16 27
NOPAT Margin		 27.05% 22.10% 9.51% 15.88%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 62.12% 56.29% 62.78% 61.46%
Operating Expenses to Revenue		 73.44% 67.33% 81.79% 75.35%
Earnings before Interest and Taxes (EBIT)		 65 62 25 34
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 72 67 31 39
Valuation Ratios		 - - - -
Price to Book Value (P/BV)		 0.00 1.00 0.86 0.85
Price to Tangible Book Value (P/TBV)		 0.00 1.14 0.96 0.95
Price to Revenue (P/Rev)		 0.00 3.00 2.97 2.84
Price to Earnings (P/E)		 0.00 13.57 31.25 17.90
Dividend Yield		 0.00% 2.13% 2.55% 2.71%
Earnings Yield		 0.00% 7.37% 3.20% 5.59%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.91 0.73 0.71
Enterprise Value to Revenue (EV/Rev)		 0.00 4.63 4.99 4.50
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 14.22 27.49 20.05
Enterprise Value to EBIT (EV/EBIT)		 0.00 15.48 33.57 22.66
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 20.96 52.47 28.32
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 13.87 15.76 202.11
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 8.81
Leverage & Solvency		 - - - -
Debt to Equity		 0.13 0.71 0.97 0.90
Long-Term Debt to Equity		 0.13 0.08 0.97 0.90
Financial Leverage		 0.20 0.40 0.84 0.94
Leverage Ratio		 6.57 7.65 9.18 9.86
Compound Leverage Factor		 8.17 7.65 9.18 9.86
Debt to Total Capital		 11.68% 41.35% 49.34% 47.32%
Short-Term Debt to Total Capital		 0.00% 36.60% 0.00% 0.00%
Long-Term Debt to Total Capital		 11.68% 4.75% 49.34% 47.32%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 88.32% 58.65% 50.66% 52.68%
Debt to EBITDA		 1.25 6.47 18.53 13.34
Net Debt to EBITDA		 -1.46 5.01 11.12 7.37
Long-Term Debt to EBITDA		 1.25 0.74 18.53 13.34
Debt to NOPAT		 1.54 9.54 35.36 18.85
Net Debt to NOPAT		 -1.79 7.39 21.22 10.42
Long-Term Debt to NOPAT		 1.54 1.10 35.36 18.85
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - -
Cash Flow Metrics		 - - - -
Free Cash Flow to Firm (FCFF)		 169 -237 -84 88
Operating Cash Flow to CapEx		 3,473.13% 4,360.70% 1,483.45% 0.00%
Free Cash Flow to Firm to Interest Expense		 13.48 -10.34 -0.72 0.60
Operating Cash Flow to Interest Expense		 17.91 3.00 0.46 0.03
Operating Cash Flow Less CapEx to Interest Expense		 17.39 2.93 0.43 0.03
Efficiency Ratios		 - - - -
Asset Turnover		 0.05 0.04 0.03 0.03
Fixed Asset Turnover		 4.31 4.13 3.46 3.63
Capital & Investment Metrics		 - - - -
Invested Capital		 769 1,052 1,152 1,092
Invested Capital Turnover		 0.26 0.23 0.15 0.15
Increase / (Decrease) in Invested Capital		 -110 283 100 -61
Enterprise Value (EV)		 0.00 956 843 776
Market Capitalization		 0.00 619 502 491
Book Value per Share		 $12.00 $12.54 $12.76 $13.05
Tangible Book Value per Share		 $10.71 $11.08 $11.43 $11.70
Total Capital		 769 1,052 1,152 1,092
Total Debt		 90 435 568 517
Total Long-Term Debt		 90 50 568 517
Net Debt		 -105 337 341 285
Capital Expenditures (CapEx)		 6.46 1.58 3.61 -0.24
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 90 435 568 517
Total Depreciation and Amortization (D&A)		 6.90 5.49 5.56 4.45
Earnings Adjustments		 - - - -
Adjusted Basic Earnings per Share		 $1.15 $0.98 $0.37 $0.66
Adjusted Weighted Average Basic Shares Outstanding		 50.75M 46.48M 43.22M 41.22M
Adjusted Diluted Earnings per Share		 $1.14 $0.97 $0.37 $0.66
Adjusted Weighted Average Diluted Shares Outstanding		 51.52M 47.12M 43.42M 41.47M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 51.37M 48.28M 45.24M 43.50M
Normalized Net Operating Profit after Tax (NOPAT)		 59 46 23 27
Normalized NOPAT Margin		 27.05% 22.10% 13.58% 15.88%
Pre Tax Income Margin		 37.19% 29.92% 14.86% 19.85%
Debt Service Ratios		 - - - -
EBIT to Interest Expense		 5.17 2.69 0.21 0.24
NOPAT to Interest Expense		 4.67 1.99 0.14 0.19
EBIT Less CapEx to Interest Expense		 4.65 2.62 0.18 0.24
NOPAT Less CapEx to Interest Expense		 4.16 1.92 0.11 0.19
Payout Ratios		 - - - -
Dividend Payout Ratio		 15.71% 26.73% 79.78% 47.83%
Augmented Payout Ratio		 134.00% 163.88% 360.96% 126.45%

Quarterly Metrics And Ratios for HarborOne Bancorp

This table displays calculated financial ratios and metrics derived from HarborOne Bancorp's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 13.62% 0.00% -19.64% -2.12% -24.39% -24.58% -12.11% -0.97% 4.87% 20.64%
EBITDA Growth		 70.52% 0.00% -43.57% 14.49% -47.06% -175.57% -30.03% 6.81% -35.28% 199.54%
EBIT Growth		 70.52% 0.00% -45.52% 14.49% -47.06% -206.30% -32.99% 6.81% -35.28% 171.15%
NOPAT Growth		 12.23% 0.00% -40.52% -25.11% -38.86% -138.45% 0.04% -2.45% -53.35% 341.32%
Net Income Growth		 12.23% 0.00% -40.52% 9.38% -18.99% -238.77% 0.04% 9.91% -17.24% 91.54%
EPS Growth		 25.00% 0.00% -36.00% -19.05% -33.33% -176.19% 6.25% 5.88% -50.00% 231.25%
Operating Cash Flow Growth		 0.00% -72.65% -34.07% 0.00% 0.00% -202.97% 54.93% 0.00% 0.00% 121.69%
Free Cash Flow Firm Growth		 0.00% 0.00% 0.00% 38.68% 90.31% 0.00% 91.79% 109.74% 73.45% 166.89%
Invested Capital Growth		 0.00% 0.00% 0.00% 61.49% 10.41% 9.53% 8.76% -3.06% 2.66% -5.26%
Revenue Q/Q Growth		 21.61% -21.35% 0.00% 5.81% -6.06% -21.55% 0.00% 19.21% -0.51% -9.76%
EBITDA Q/Q Growth		 124.07% -55.69% 0.00% -2.36% 3.60% -163.26% 0.00% 49.04% -37.23% -2.69%
EBIT Q/Q Growth		 124.07% -61.18% 0.00% 8.64% 3.60% -177.95% 0.00% 73.16% -37.23% -14.30%
NOPAT Q/Q Growth		 37.76% -30.39% 0.00% 2.49% 12.47% -143.78% 0.00% -0.05% -46.22% 126.48%
Net Income Q/Q Growth		 37.76% -30.39% 0.00% 49.71% 2.03% -219.24% 0.00% 64.48% -23.18% -112.19%
EPS Q/Q Growth		 42.86% -30.00% 0.00% 6.25% 17.65% -180.00% 0.00% 5.88% -44.44% 110.00%
Operating Cash Flow Q/Q Growth		 0.00% -51.55% 0.00% 0.00% 0.00% -157.38% 0.00% 0.00% 0.00% -86.01%
Free Cash Flow Firm Q/Q Growth		 -29.58% 100.00% 0.00% 62.01% 79.51% -9.71% 0.00% 145.05% -155.85% 376.42%
Invested Capital Q/Q Growth		 29.69% 6.12% 0.00% 0.79% -11.34% 5.28% 0.00% -10.16% -6.11% -2.85%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 39.44% 22.22% 27.13% 25.04% 27.61% -22.27% 21.60% 27.00% 17.04% 18.37%
EBIT Margin		 39.44% 19.46% 24.38% 25.04% 27.61% -27.43% 18.59% 27.00% 17.04% 16.18%
Profit (Net Income) Margin		 23.71% 20.99% 16.53% 23.39% 25.41% -38.62% 18.82% 25.96% 20.05% -2.71%
Tax Burden Percent		 74.63% 77.63% 75.13% 112.00% 102.08% 252.61% 74.94% 126.26% 215.01% -10.49%
Interest Burden Percent		 80.57% 138.90% 90.25% 83.42% 90.14% 55.72% 135.07% 76.15% 54.73% 159.51%
Effective Tax Rate		 25.37% 22.37% 24.87% 23.32% 22.96% 0.00% 25.06% 23.28% 8.53% 17.07%
Return on Invested Capital (ROIC)		 0.00% 4.12% 0.00% 0.00% 0.00% -1.64% 0.00% 0.00% 0.00% 3.29%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 4.12% 0.00% 0.00% 0.00% -3.56% 0.00% 0.00% 0.00% 1.45%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 2.90% 0.00% 0.00% 0.00% -2.97% 0.00% 0.00% 0.00% 1.36%
Return on Equity (ROE)		 0.00% 7.02% 0.00% 0.00% 0.00% -4.61% 0.00% 0.00% 0.00% 4.65%
Cash Return on Invested Capital (CROIC)		 0.00% -22.55% 0.00% 0.00% 0.00% -7.64% 0.00% 0.00% 0.00% 7.85%
Operating Return on Assets (OROA)		 0.00% 0.81% 0.00% 0.00% 0.00% -0.84% 0.00% 0.00% 0.00% 0.49%
Return on Assets (ROA)		 0.00% 0.87% 0.00% 0.00% 0.00% -1.18% 0.00% 0.00% 0.00% -0.08%
Return on Common Equity (ROCE)		 0.00% 7.02% 0.00% 0.00% 0.00% -4.61% 0.00% 0.00% 0.00% 4.65%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 14 9.58 7.30 7.48 8.41 -3.68 7.30 7.30 3.92 8.89
NOPAT Margin		 23.71% 20.99% 16.53% 16.02% 19.17% -10.70% 18.82% 15.78% 8.53% 21.41%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% -0.88% -0.61% 1.91% 0.00% -0.75% -1.01% 1.85%
SG&A Expenses to Revenue		 49.95% 61.93% 59.74% 56.06% 60.34% 78.90% 66.28% 59.15% 57.46% 63.96%
Operating Expenses to Revenue		 59.41% 75.92% 71.39% 67.93% 72.65% 125.56% 81.84% 71.67% 70.13% 79.18%
Earnings before Interest and Taxes (EBIT)		 23 8.88 11 12 12 -9.44 7.21 12 7.84 6.72
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 23 10 12 12 12 -7.66 8.38 12 7.84 7.63
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 1.00 0.00 0.00 0.00 0.86 0.00 0.00 0.00 0.85
Price to Tangible Book Value (P/TBV)		 0.00 1.14 0.00 0.00 0.00 0.96 0.00 0.00 0.00 0.95
Price to Revenue (P/Rev)		 0.00 3.00 0.00 0.00 0.00 2.97 0.00 0.00 0.00 2.84
Price to Earnings (P/E)		 0.00 13.57 0.00 0.00 0.00 31.25 0.00 0.00 0.00 17.90
Dividend Yield		 0.00% 2.13% 0.00% 0.00% 0.00% 2.55% 0.00% 0.00% 0.00% 2.71%
Earnings Yield		 0.00% 7.37% 0.00% 0.00% 0.00% 3.20% 0.00% 0.00% 0.00% 5.59%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.91 0.00 0.00 0.00 0.73 0.00 0.00 0.00 0.71
Enterprise Value to Revenue (EV/Rev)		 0.00 4.63 0.00 0.00 0.00 4.99 0.00 0.00 0.00 4.50
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 14.22 0.00 0.00 0.00 27.49 0.00 0.00 0.00 20.05
Enterprise Value to EBIT (EV/EBIT)		 0.00 15.48 0.00 0.00 0.00 33.57 0.00 0.00 0.00 22.66
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 20.96 0.00 0.00 0.00 52.47 0.00 0.00 0.00 28.32
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 13.87 0.00 0.00 0.00 15.76 0.00 0.00 0.00 202.11
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 8.81
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.62 0.71 1.04 1.07 0.87 0.97 1.31 1.07 0.92 0.90
Long-Term Debt to Equity		 0.08 0.08 0.33 1.07 0.87 0.97 1.31 1.07 0.92 0.90
Financial Leverage		 0.62 0.71 1.04 0.64 0.74 0.84 1.17 1.07 0.90 0.94
Leverage Ratio		 8.16 7.65 9.29 8.49 8.91 9.18 9.71 9.76 9.79 9.86
Compound Leverage Factor		 6.57 10.62 8.39 7.09 8.03 5.12 13.12 7.43 5.36 15.72
Debt to Total Capital		 38.33% 41.35% 51.03% 51.76% 46.58% 49.34% 56.63% 51.76% 48.00% 47.32%
Short-Term Debt to Total Capital		 33.29% 36.60% 34.70% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 5.04% 4.75% 16.33% 51.76% 46.58% 49.34% 56.63% 51.76% 48.00% 47.32%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 61.67% 58.65% 48.97% 48.24% 53.42% 50.66% 43.37% 48.24% 52.00% 52.68%
Debt to EBITDA		 0.00 6.47 0.00 0.00 0.00 18.53 0.00 0.00 0.00 13.34
Net Debt to EBITDA		 0.00 5.01 0.00 0.00 0.00 11.12 0.00 0.00 0.00 7.37
Long-Term Debt to EBITDA		 0.00 0.74 0.00 0.00 0.00 18.53 0.00 0.00 0.00 13.34
Debt to NOPAT		 0.00 9.54 0.00 0.00 0.00 35.36 0.00 0.00 0.00 18.85
Net Debt to NOPAT		 0.00 7.39 0.00 0.00 0.00 21.22 0.00 0.00 0.00 10.42
Long-Term Debt to NOPAT		 0.00 1.10 0.00 0.00 0.00 35.36 0.00 0.00 0.00 18.85
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -978 0.00 -1,217 -463 -95 -104 -100 45 -25 70
Operating Cash Flow to CapEx		 0.00% 1,678.82% 1,968.43% 0.00% 0.00% -38,276.19% 13,612.73% 0.00% 0.00% 1,028.61%
Free Cash Flow to Firm to Interest Expense		 -187.13 0.00 -56.52 -22.47 -3.70 -2.11 -2.75 1.65 -0.84 1.33
Operating Cash Flow to Interest Expense		 0.00 1.23 0.45 0.00 0.00 -0.33 0.41 0.00 0.00 0.07
Operating Cash Flow Less CapEx to Interest Expense		 0.00 1.15 0.43 0.00 0.00 -0.33 0.41 0.00 0.00 0.06
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.00 0.04 0.00 0.00 0.00 0.03 0.00 0.00 0.00 0.03
Fixed Asset Turnover		 0.00 4.13 0.00 0.00 0.00 3.46 0.00 0.00 0.00 3.63
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 991 1,052 1,225 1,234 1,094 1,152 1,332 1,197 1,124 1,092
Invested Capital Turnover		 0.00 0.20 0.00 0.00 0.00 0.15 0.00 0.00 0.00 0.15
Increase / (Decrease) in Invested Capital		 991 0.00 1,225 470 103 100 107 -38 29 -61
Enterprise Value (EV)		 0.00 956 0.00 0.00 0.00 843 0.00 0.00 0.00 776
Market Capitalization		 0.00 619 0.00 0.00 0.00 502 0.00 0.00 0.00 491
Book Value per Share		 $12.19 $12.54 $12.42 $12.78 $12.56 $12.76 $12.77 $12.92 $13.16 $13.05
Tangible Book Value per Share		 $10.75 $11.08 $10.94 $11.24 $11.02 $11.43 $11.44 $11.58 $11.80 $11.70
Total Capital		 991 1,052 1,225 1,234 1,094 1,152 1,332 1,197 1,124 1,092
Total Debt		 380 435 625 639 510 568 754 619 539 517
Total Long-Term Debt		 50 50 200 639 510 568 754 619 539 517
Net Debt		 294 337 375 386 263 341 361 384 315 285
Capital Expenditures (CapEx)		 0.00 0.93 0.49 0.00 0.00 0.04 0.11 0.00 0.00 0.34
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 -3.45 -2.73 9.61 0.00 -4.71 -5.30 10
Net Nonoperating Obligations (NNO)		 380 435 625 639 510 568 754 619 539 517
Total Depreciation and Amortization (D&A)		 0.00 1.26 1.21 0.00 0.00 1.78 1.17 0.00 0.00 0.91
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.30 $0.21 $0.16 $0.17 $0.20 ($0.16) $0.17 $0.18 $0.10 $0.21
Adjusted Weighted Average Basic Shares Outstanding		 45.83M 46.48M 44.86M 43.06M 42.88M 43.22M 41.91M 41.29M 40.98M 41.22M
Adjusted Diluted Earnings per Share		 $0.30 $0.21 $0.16 $0.17 $0.20 ($0.16) $0.17 $0.18 $0.10 $0.21
Adjusted Weighted Average Diluted Shares Outstanding		 46.42M 47.12M 45.28M 43.13M 42.98M 43.42M 42.13M 41.37M 41.34M 41.47M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 49.19M 48.28M 46.59M 46.55M 45.77M 45.24M 44.68M 44.41M 44.05M 43.50M
Normalized Net Operating Profit after Tax (NOPAT)		 14 9.58 7.30 7.48 8.41 -3.68 7.30 7.30 3.92 8.89
Normalized NOPAT Margin		 23.71% 20.99% 16.53% 16.02% 19.17% -10.70% 18.82% 15.78% 8.53% 21.41%
Pre Tax Income Margin		 31.77% 27.03% 22.01% 20.89% 24.89% -15.29% 25.11% 20.56% 9.32% 25.81%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 4.38 0.70 0.50 0.57 0.47 -0.19 0.20 0.46 0.26 0.13
NOPAT to Interest Expense		 2.63 0.75 0.34 0.36 0.33 -0.07 0.20 0.27 0.13 0.17
EBIT Less CapEx to Interest Expense		 0.00 0.62 0.48 0.00 0.00 -0.19 0.20 0.00 0.00 0.12
NOPAT Less CapEx to Interest Expense		 0.00 0.68 0.32 0.00 0.00 -0.08 0.20 0.00 0.00 0.16
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 0.00% 26.73% 0.00% 0.00% 0.00% 79.78% 0.00% 0.00% 0.00% 47.83%
Augmented Payout Ratio		 0.00% 163.88% 0.00% 0.00% 0.00% 360.96% 0.00% 0.00% 0.00% 126.45%

Financials Breakdown Chart

Key Financial Trends

HarborOne Bancorp (NASDAQ: HONE) has demonstrated varied financial performance over the past four years, with recent quarterly data providing insights into its core banking operations as well as investment and financing activities.

Positive Trends:

  • Net Interest Income grew substantially from around $39M in Q4 2022 to approximately $67.5M in Q4 2024, indicating improved core lending and deposit margin performance.
  • Non-interest income, including service charges and capital gains, showed strength in recent quarters, notably $13.7M in Q4 2024 compared to $9.9M in Q4 2022, enhancing revenue diversification.
  • Loan portfolio size increased steadily, with net loans and leases rising from approximately $4.58B in Q1 2023 to above $4.82B by Q3 2024, signaling growth in lending activity.
  • Quarterly net income improved from a loss of about $1.3M in Q4 2023 to a positive $8.9M in Q4 2024, reflecting operational recovery and profitability improvements.
  • Cash and due from banks position increased from $250M in Q1 2023 to $393M in Q1 2024, improving liquidity.
  • Total common equity remained stable around $580M-$595M throughout 2023 and 2024, supporting capital adequacy.

Neutral Observations:

  • Provision for credit losses fluctuated quarter to quarter, ranging widely from a credit of -$168K in Q1 2024 to a charge of $6M in Q3 2024, reflecting variable credit risk management.
  • Total liabilities increased from about $4.37B in Q3 2022 to $5.19B by Q3 2024, driven largely by deposit growth and long-term debt changes.
  • Dividend payouts per common share have been steady at $0.075 to $0.08 since early 2023, highlighting consistent shareholder returns.
  • Net cash from investing activities is consistently negative across quarters, typical for banks purchasing securities and loan assets.

Negative Signals:

  • The significant swings in net income between quarters, including a loss of $13.3M in Q4 2023, suggest volatility in profitability.
  • Total non-interest expenses remain high, between $31M and $43M, pressuring pre-tax income and indicating elevated operating costs.
  • Cash flow from operations was negative $39.5M in Q2 2024 and -$16M in Q4 2023, indicating some quarters of cash strain from core business activities.
  • Allowance for loan and lease losses has been growing, reaching $54M in Q3 2024, suggesting possible asset quality concerns.
  • Repurchase of common equity and significant dividend payments continue to consume cash, impacting overall liquidity.

In summary, HarborOne Bancorp has shown growth in its loan portfolio and net interest income, along with a recent return to profitability after previous quarterly losses. However, earnings volatility, high operating expenses, and investment in securities and loan growth continue to strain cash flows in certain quarters. Investors should watch for continued trends in asset quality, expense control, and sustained net income growth going forward.

10/10/25 10:28 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About HarborOne Bancorp's Financials

When does HarborOne Bancorp's financial year end?

According to the most recent income statement we have on file, HarborOne Bancorp's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has HarborOne Bancorp's net income changed over the last 3 years?

HarborOne Bancorp's net income appears to be on a downward trend, with a most recent value of $27.41 million in 2024, falling from $58.52 million in 2021. The previous period was $16.08 million in 2023. See where experts think HarborOne Bancorp is headed by visiting HarborOne Bancorp's forecast page.

How has HarborOne Bancorp's revenue changed over the last 3 years?

Over the last 3 years, HarborOne Bancorp's total revenue changed from $216.32 million in 2021 to $172.57 million in 2024, a change of -20.2%.

How much debt does HarborOne Bancorp have?

HarborOne Bancorp's total liabilities were at $5.18 billion at the end of 2024, a 1.8% increase from 2023, and a 33.7% increase since 2021.

How much cash does HarborOne Bancorp have?

In the past 3 years, HarborOne Bancorp's cash and equivalents has ranged from $98.02 million in 2022 to $231.07 million in 2024, and is currently $231.07 million as of their latest financial filing in 2024.

How has HarborOne Bancorp's book value per share changed over the last 3 years?

Over the last 3 years, HarborOne Bancorp's book value per share changed from 12.00 in 2021 to 13.05 in 2024, a change of 8.8%.


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This page (NASDAQ:HONE) was last updated on 10/10/2025 by MarketBeat.com Staff
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