HarborOne Bancorp ( (HONE) ) has shared an update.
On April 24, 2025, HarborOne Bancorp, Inc. reported a net income of $5.5 million for the first quarter of 2025, a 38.1% decrease from the previous quarter. This decline was primarily due to a reduction in mortgage banking income. Despite the decrease in net income, the company saw improvements in its net interest margin and an increase in deposits. The quarter also featured a 12.5% increase in the quarterly dividend and share repurchases, reflecting a strategic focus on shareholder value. The company faced challenges with a decline in noninterest income and a decrease in loan balances, but managed to improve its loans-to-deposits ratio and reduce borrowing costs.
Spark’s Take on HONE Stock
According to Spark, TipRanks’ AI Analyst, HONE is a Neutral.
HarborOne Bancorp has demonstrated strong financial growth with excellent revenue expansion and a stable balance sheet, thanks to no debt and increased net income. However, the stock faces challenges with bearish technical indicators and cash flow consistency. Valuation metrics are favorable, with a reasonable P/E ratio and a solid dividend yield. The company’s recent significant income growth adds a positive outlook, though technical weaknesses remain a concern.
To see Spark’s full report on HONE stock, click here.
More about HarborOne Bancorp
HarborOne Bancorp, Inc. is a holding company for HarborOne Bank, operating in the financial services industry. The company focuses on providing banking services, including commercial and industrial loans, residential mortgages, and deposit accounts.
YTD Price Performance: -15.10%
Average Trading Volume: 213,690
Technical Sentiment Signal: Buy
Current Market Cap: $420.5M
For an in-depth examination of HONE stock, go to TipRanks’ Stock Analysis page.