Harborone Bancorp, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2019
January 27, 2020 at 09:53 pm
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HarborOne Bancorp, Inc. announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced net interest income was USD 28.334 million compared to USD 26.790 million a year ago. Net income was USD 4.307 million compared to USD 111,000 a year ago. Basic earnings per share was USD 0.08 compared to USD 0 a year ago. For the full year, net interest income was USD 109.062 million compared to USD 88.930 million a year ago. Net income was USD 18.268 million compared to USD 11.394 million a year ago. Basic earnings per share was USD 0.33 compared to USD 0.2 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.
HARBORONE BANCORP, INC. 
