NASDAQ$HONE

HarborOne Bancorp Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

HarborOne's financial results for Q4 2021 were announced.

HarborOne Bancorp, Inc. reported a net income of $12.6 million, or $0.25 per diluted share, for the fourth quarter of 2021, slightly up from the preceding quarter but down compared to the same quarter in 2020.

  • Net income for Q4 2021 was $12.6 million, or $0.25 per diluted share.
  • Net interest and dividend income was $34.0 million for Q4 2021, up 3.8% year-over-year.
  • Total noninterest income decreased by 48.2% compared to Q4 2020, mainly due to a decrease in mortgage banking income.
  • Recorded a reversal of provision for loan losses of $1.4 million for the quarter ended December 31, 2021.

Headline financials

Total Revenue

$34M

Previous: $32.8M+3.8%
EPS (adj)

$0.25

Previous: $0.33-24.2%
Net Interest Margin

3.2%

Previous: 3.2%-0.9%
Tax Equivalent Interest Rate Spread

3.1%

No prior period
Nonperforming Assets to Total Assets

0.8%

No prior period
Allowance for Credit Losses on Loans to Total Loans

1.3%

Previous: 1.6%-20.8%
Capital Expenditures

$1.27M

Previous: $1.2M+6.4%
Free Cash Flow

$55.8M

Previous: -$2.59M+2252.3%
Net Income

$12.6M

Previous: $17.6M-28.5%
Operating Income

$16.4M

Previous: $20.9M-21.5%
Cash & Equivalents

$195M

Previous: $206M-5.4%
Total Assets

$4.55B

Previous: $4.48B+1.6%
Stock-Based Comp

$1.03M

Previous: $536K+92.4%

Revenue & EPS history

HarborOne · Revenue · Quarterly

$34M

Q4 2021+3.8%vs Q4 2020
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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro