Brief: HarborOne Bancorp Q2 EPS USD 0.2

HarborOne Bancorp

24/07/2025 21:17

Overview

HarborOne Q2 net income rises 46.5% qtr/qtr, driven by higher noninterest income

Net interest margin improves to 2.52%, up 13 basis points qtr/qtr

On April 24, 2025, co announced merger with Eastern Bankshares

Suspends share repurchase program, pending completion of the merger with Eastern

Result Drivers

MORTGAGE BANKING - HarborOne Mortgage realized a $3.4 mln gain on loan sales, driven by stable mortgage rates and "strong" spring market

NET INTEREST MARGIN - Improved by 13 basis points due to higher prepayment fees and decreased deposit costs

NONINTEREST INCOME - Increased by $2.3 mln, supported by higher mortgage banking income and higher swap and deposit fee income

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
$0.2
Q2 Net Income
$8.06 mln
Q2 Pretax Profit
$10.63 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy."

Wall Street's median 12-month price target for HarborOne Bancorp Inc is $12.00, about 2.4% below its July 23 closing price of $12.29

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nBwpSFsca

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)