HarborOne Bancorp, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 25, 2023 at 09:04 am
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HarborOne Bancorp, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was USD 32.1 million compared to USD 37.2 million a year ago. Net income was USD 7.48 million compared to USD 9.99 million a year ago. Basic earnings per share from continuing operations was USD 0.17 compared to USD 0.21 a year ago. Diluted earnings per share from continuing operations was USD 0.17 compared to USD 0.21 a year ago.
For the six months, net interest income was USD 66.5 million compared to USD 70.47 million a year ago. Net income was USD 14.78 million compared to USD 22.25 million a year ago. Basic earnings per share from continuing operations was USD 0.34 compared to USD 0.47 a year ago. Diluted earnings per share from continuing operations was USD 0.33 compared to USD 0.46 a year ago.
HarborOne Bancorp, Inc. is the bank holding company for HarborOne Bank (the Bank). Its segments include HarborOne Bank and HarborOne Mortgage. The Bank segment provides consumer and business banking products and services to individuals, businesses and municipalities. Consumer products include loan and deposit products, and business banking products include loans for working capital, inventory and general corporate use, commercial real estate construction loans, and deposit accounts. The HarborOne Mortgage segment consists of originating residential mortgage loans primarily for sale in the secondary market and the servicing of those loans. It provides a variety of financial services to individuals and businesses through its 30 full-service bank branches, and a commercial lending office in each of Boston and Providence. It also provides a range of educational services through HarborOne U, with digital content, webinars, and recordings for small business and personal financial education.