NASDAQ$HONE

HarborOne Bancorp Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Net income increased due to expanded margin and net interest income expansion.

HarborOne Bancorp, Inc. reported a net income of $13.8 million, or $0.30 per basic and diluted share, for the third quarter of 2022. The company's net interest income also increased by $12.4 million, or 12.7%.

  • Net income increased $3.8 million, or 37.8%.
  • Return on average assets was 1.14%, and return on average equity was 8.76%.
  • Loan growth of $285.4 million, or 7.3%.
  • Total deposit growth $35.2 million, or 0.91% and core deposit growth of $22.9 million, or 0.70%.

Headline financials

Total Revenue

$53.6M

Previous: $54.8M-2.3%
EPS (adj)

$0.30

Previous: $0.24+25.0%
Net Interest Margin

3.5%

Previous: 3.1%+12.7%
Efficiency Ratio

63.9%

No prior period
Return on Average Assets

1.1%

No prior period
Return on Average Equity

8.8%

No prior period
Capital Expenditures

-$1.34M

Previous: -$5.19M+74.3%
Free Cash Flow

$52M

Previous: $162M-67.9%
Net Income

$13.8M

Previous: $12.3M+12.2%
Operating Income

$39M

Previous: $41.5M-6.1%
Gross Profit

$52.9M

Previous: $54.8M-3.5%
Cash & Equivalents

$86M

Previous: $320M-73.1%
Total Assets

$4.99B

Previous: $4.57B+9.2%
Stock-Based Comp

$744K

Previous: $992K-25.0%

Revenue & EPS history

HarborOne · Revenue · Quarterly

$53.6M

Q3 2022-2.3%vs Q3 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

Forward guidance

This document does not contain forward guidance.

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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