HarborOne Bancorp, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 24, 2023 at 08:48 am
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HarborOne Bancorp, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 31.08 million compared to USD 39.33 million a year ago. Net income was USD 8.41 million compared to USD 13.76 million a year ago. Basic earnings per share from continuing operations was USD 0.2 compared to USD 0.3 a year ago. Diluted earnings per share from continuing operations was USD 0.2 compared to USD 0.3 a year ago.
For the nine months, net interest income was USD 97.58 million compared to USD 109.8 million a year ago. Net income was USD 23.19 million compared to USD 36.01 million a year ago. Basic earnings per share from continuing operations was USD 0.53 compared to USD 0.77 a year ago. Diluted earnings per share from continuing operations was USD 0.53 compared to USD 0.76 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.