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.
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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% |
Key Financial Trends
HarborOne Bancorp (NASDAQ: HONE) experienced fluctuating financial results over the past four years, with notable trends in their income, cash flows, and balance sheet metrics. Here's an overview of the key findings and trends:
- Net Interest Income showed recovery and growth after a challenging period in late 2023. For instance, Q4 2024 had a positive net interest income of $1.08 million compared to negative $2.84 million in Q4 2023, signaling improvement in core lending operations.
- Total revenue generally increased over time, reaching $41.5 million in Q4 2024, up from $34.4 million in Q4 2023, supported by rising loans and leases interest income.
- Provision for credit losses remained relatively controlled in 2024 quarters, e.g., $1.9 million in Q4 2024 compared to prior higher provisions, indicating improving asset quality management.
- Consistent dividend payments at around $0.075 to $0.08 per share indicate management's commitment to shareholder returns in recent quarters.
- The company’s cash and equivalents position showed variability but ended Q3 2024 at a strong $224 million, supporting liquidity needs.
- Loans and leases portfolio grew steadily from approximately $4.16 billion in Q3 2022 to over $4.87 billion in Q3 2024, reflecting stable lending activity but necessitating monitoring of credit quality.
- Allowance for loan and lease losses increased in line with loan growth, reaching $54 million by Q3 2024, suggesting prudent risk provisioning.
- Non-interest income varies quarter to quarter with items like service charges and capital gains affecting overall revenue diversification.
- HarborOne experienced a net loss in Q4 2024 on an income statement basis (-$1.12 million) despite positive net income reported on the cash flow statement, indicating potential non-cash charges or accounting items impacting profitability.
- Total non-interest expenses remain elevated around $32.9 million in Q4 2024, pressuring operating margins relative to revenue growth.
Summary: HarborOne Bancorp rebounded from prior losses, improving core interest income streams and demonstrating steady loan portfolio growth while managing credit provisions prudently. However, profitability remains challenged by non-interest expenses and some accounting irregularities impacting quarterly net income. Liquidity remains robust, and dividend payments continue, reflecting management confidence. Investors should watch expense control and sustained improvement in net income metrics going forward.
08/08/25 06:41 AMAI Generated. May Contain Errors.