HarborOne Bancorp Reports 46.5% Increase in Q2 Net Income to $8.1M, EPS Rises to $0.20; Noninterest Income Up 23.6%

Reuters
07/25
HarborOne Bancorp Reports 46.5% Increase in <a href="https://laohu8.com/S/QTWO">Q2</a> Net Income to $8.1M, EPS Rises to $0.20; Noninterest Income Up 23.6%

HarborOne Bancorp, Inc., the holding company for HarborOne Bank, reported a net income of $8.1 million for the second quarter ending June 30, 2025, marking an increase of $2.6 million, or 46.5%, from the previous quarter's net income of $5.5 million. Earnings per diluted share rose to $0.20, up from $0.14 in the prior quarter. Over the first half of 2025, net income totaled $13.6 million, compared to $14.6 million over the same period in 2024. The company's net interest income increased by $1.7 million, reaching $33.2 million, with a net interest margin improvement of 13 basis points to 2.52% quarter-over-quarter. Noninterest income rose by $2.3 million, or 23.6%, to a total of $12.2 million, driven by gains in mortgage banking income and higher swap and deposit fee income. HarborOne Mortgage, LLC reported a $3.4 million gain on loan sales from mortgage closings in the second quarter, compared to $2.7 million in the first quarter. Noninterest expenses increased by $1.2 million, although they were slightly down when excluding $1.7 million in merger-related expenses. The share repurchase program has been suspended pending the completion of a merger with Eastern Bankshares, Inc., as announced on April 24, 2025. The merger will involve HarborOne merging into Eastern in a stock and cash transaction.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. HarborOne Bancorp Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250724473649) on July 24, 2025, and is solely responsible for the information contained therein.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10