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HarborOne Bancorp ( (HONE) ) has shared an announcement.
HarborOne Bancorp, Inc. reported a significant increase in net income for the fourth quarter of 2024, showing a 126.5% rise to $8.9 million compared to the previous quarter. The year ended with a net income of $27.4 million, a 70.5% increase from the prior year, driven by growth in deposits and improved loan-to-deposit ratios. The company also made considerable progress in reducing borrowing costs and enhancing its mortgage segment profitability, highlighting its ability to navigate a competitive interest rate environment, which could positively impact its future financial stability and stakeholder confidence.
More about HarborOne Bancorp
HarborOne Bancorp, Inc. is the holding company for HarborOne Bank, primarily operating in the banking industry with a focus on relationship banking. The company offers a range of financial services, including deposit accounts and mortgage lending, aiming to strengthen its market presence through strategic financial management.
YTD Price Performance: 3.16%
Average Trading Volume: 194,627
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $529.9M
Find detailed analytics on HONE stock on TipRanks’ Stock Analysis page.
