HarborOne Bancorp reports Q4 EPS 9c, consensus 15c

The Company’s net interest and dividend income was $29.7 M for the quarter ended December 31, compared to $31.1M for the quarter ended September 30 and $39.2M for the quarter ended December 31, 2022. The tax equivalent interest rate spread and net interest margin were 1.56% and 2.23%, respectively, for the quarter ended December 31, compared to 1.70% and 2.34%, respectively, for the quarter ended September 30 and 2.88% and 3.23%, respectively, for the quarter ended December 31, 2022. “I am very proud of the progress our team is making in building our relationship bank model,” said Joseph F. Casey, President and CEO. “We have customer deposit growth of over 4% in 2023, as well as growth in deposit market share in about 80% of our markets. This growth will position us well for the future.” Net Interest Income The Company’s net interest and dividend income was $29.7M for the quarter ended December 31 , compared to $31.1M for the quarter ended September 30 and $39.2M for the quarter ended December 31, 2022. The tax equivalent interest rate spread and net interest margin were 1.56% and 2.23%, respectively, for the quarter ended December 31, 2023, compared to 1.70% and 2.34%, respectively, for the quarter ended September 30, 2023, and 2.88% and 3.23%, respectively, for the quarter ended December 31, 2022.