NASDAQ$HONE

HarborOne Bancorp Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Net income of $10.0 million, or $0.21 per basic and diluted share, was announced for the second quarter of 2022.

HarborOne Bancorp, Inc. reported a solid quarter of growth in loans, deposits, and margin, with a continued focus on strong credit quality. Net income for the second quarter of 2022 was $10.0 million, or $0.21 per basic and diluted share.

  • Return on average assets was 0.87%, and return on average equity was 6.22%.
  • Loan growth of $174.6 million, or 4.7%.
  • Core deposit growth of $96.3 million, or 3.0%.
  • Net interest margin increased 27 basis points to 3.48%.

Headline financials

Total Revenue

$51.3M

Previous: $54.2M-5.4%
EPS (adj)

$0.21

Previous: $0.27-22.2%
Net Interest Margin

3.5%

Previous: 3.1%+13.7%
Return on Average Assets

0.9%

No prior period
Return on Average Equity

6.2%

No prior period
Capital Expenditures

-$596K

Previous: -$4.28M+86.1%
Free Cash Flow

$20.5M

Previous: $118M-82.7%
Net Income

$9.99M

Previous: $14.3M-30.0%
Operating Income

$36.4M

Previous: $40.8M-10.8%
Gross Profit

$48.8M

Previous: $54.2M-10.1%
Cash & Equivalents

$84.3M

Previous: $416M-79.7%
Total Assets

$4.7B

Previous: $4.62B+1.9%
Stock-Based Comp

$1.03M

Previous: $989K+4.0%

Revenue & EPS history

HarborOne · Revenue · Quarterly

$51.3M

Q2 2022-5.4%vs Q2 2021
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

HarborOne · $5.99M total across 4 segments · Q4 2021

  • Deposit Account Fees
    $4.78M
  • Other Income
    $589K
  • Bank-Owned Life Insurance Income
    $506K
  • Income on Retirement Plan Annuities
    $109K

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 6 quarterly earnings reports

Historical avg

+0.0%

Avg return

Earnings day

-3.0%

Avg return

5 days after

-1.7%

Avg return

30 days after

56%

20 / 36 earnings

Positive

+10.4%

Q1 2020

Best reaction

-13.3%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2025
Q2 2025-2.1%-2.0%+3.2%
Q1 2025+1.9%+0.9%+0.8%
Q4 2024-3.5%-3.1%-3.8%
Q3 2024-13.3%-8.6%-1.1%
Q2 2024+3.0%+1.6%-0.7%
Q1 2024+2.1%+0.9%+5.2%
Q4 2023-9.7%-10.8%-15.8%
Q3 2023+4.6%
Q2 2023+2.6%
Q1 2023-0.5%
Q4 2022-3.5%
Q3 2022+7.1%
Q2 2022+1.0%
Q1 2022+0.5%
Q4 2021-2.5%
Q3 2021-2.4%
Q2 2021-3.2%
Q1 2021-2.3%
Q4 2020+4.0%
Q3 2020-2.4%
Q2 2020+8.0%
Q1 2020+10.4%
Q4 2019-0.4%
Q3 2019+2.3%
Q2 2019+1.2%
Q1 2019+0.0%
Q4 2018-4.3%
Q3 2018+3.3%
Q2 2018+0.9%
Q1 2018+3.2%
Q4 2017-3.7%
Q3 2017+0.3%
Q2 2017+0.3%
Q1 2017+3.1%
Q4 2016-6.3%
Q3 2016+1.6%
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015

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