Latest news with #HarborOneBancorp
Yahoo
6 days ago
- Business
- Yahoo
HarborOne Bancorp (HONE) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
HarborOne Bancorp (HONE) reported $45.44 million in revenue for the quarter ended June 2025, representing a year-over-year increase of 5%. EPS of $0.23 for the same period compares to $0.18 a year ago. The reported revenue represents a surprise of +3.77% over the Zacks Consensus Estimate of $43.79 million. With the consensus EPS estimate being $0.19, the EPS surprise was +21.05%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how HarborOne Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Efficiency ratio: 74.6% compared to the 74.4% average estimate based on three analysts. Net Interest Margin: 2.5% compared to the 2.4% average estimate based on three analysts. Total Noninterest Income: $12.22 million compared to the $11.74 million average estimate based on three analysts. Net Interest Income: $33.22 million compared to the $32.9 million average estimate based on three analysts. View all Key Company Metrics for HarborOne Bancorp here>>> Shares of HarborOne Bancorp have returned +8% over the past month versus the Zacks S&P 500 composite's +5.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report HarborOne Bancorp, Inc. (HONE) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
24-06-2025
- Business
- Yahoo
EBC Q1 Deep Dive: Merger With HarborOne Highlights Shift Toward Scale and Profitability
Regional banking company Eastern Bankshares (NASDAQ:EBC) missed Wall Street's revenue expectations in Q1 CY2025, with sales falling 130% year on year to -$47.22 million. Its non-GAAP profit of $0.34 per share was 3.8% above analysts' consensus estimates. Is now the time to buy EBC? Find out in our full research report (it's free). Revenue: -$47.22 million vs analyst estimates of $227.7 million (130% year-on-year decline, 121% miss) Adjusted EPS: $0.34 vs analyst estimates of $0.33 (3.8% beat) Market Capitalization: $2.91 billion Eastern Bank's first quarter reflected the impact of a significant investment securities repositioning, which management said was completed to enhance flexibility and long-term earnings power. Operating performance showed improved profitability, with net interest margin expanding and efficiency ratios benefiting from both higher asset yields and effective cost controls. CEO Denis Sheahan noted, 'Operating earnings benefited from a 33 basis point expansion in net interest margin.' While lending growth was slightly ahead of internal expectations due to growth in commercial and industrial balances, management remains cautious on the broader lending environment, citing economic uncertainty and trade policy shifts as persistent headwinds. Looking forward, Eastern Bank's trajectory will be shaped by its proposed merger with HarborOne Bancorp and continued progress in wealth management and franchise lending. Management expects the merger to drive meaningful cost synergies and enhance profitability, targeting an improvement to top quartile returns among peers. CFO David Rosato emphasized that while no changes are being made to full-year guidance, the outlook remains 'mindful of the fluid and evolving nature of the current economic environment.' The company is focused on integrating new talent, expanding its presence in Rhode Island, and leveraging its scale to deepen market share and product offerings. Management highlighted the completion of a large-scale securities repositioning and announced a merger with HarborOne, both of which will influence future performance and strategic positioning. Securities portfolio repositioning: The sale of $1.3 billion in low-yielding available-for-sale securities and reinvestment at higher market rates was executed to improve portfolio yields and future earnings, despite generating a one-time non-operating loss in the quarter. HarborOne merger announcement: Eastern Bank entered into a definitive agreement to acquire HarborOne Bancorp, adding $5.7 billion in assets, expanding into Rhode Island, and reinforcing its position as the largest bank headquartered in Massachusetts. Loan growth and talent acquisition: Annualized loan growth of 3% was primarily driven by commercial and industrial balances, supported by the hiring of two experienced leaders in the franchise lending group, signaling an intent to build out this segment further. Wealth management momentum: Assets under management rose to $8.4 billion, aided by net client inflows and continued alignment between banking and wealth management teams; management views this as a more stable earnings source amid interest rate volatility. Improved credit trends: Nonperforming loans and net charge-offs declined, reflecting disciplined underwriting and proactive risk management, particularly in commercial real estate and office loan portfolios. Eastern Bank's forward outlook centers on successful merger integration, disciplined cost management, and continued investment in lending and wealth management diversification. Merger-related cost synergies: Management expects approximately $55 million in annualized cost savings from the HarborOne merger, with 75% realized in the first half of 2026. CFO David Rosato described the merger as 'financially compelling' and projected it would deliver a 16% increase in earnings per share and improvement in operating efficiency. Deposit and funding strategy: The bank's focus remains on disciplined deposit growth and maintaining a favorable low-cost funding mix, which management believes will support net interest margin even as the Federal Reserve's rate policy evolves. Management highlighted a 50% checking deposit mix as an advantage. Macro and credit risk vigilance: Ongoing uncertainty around trade policies, interest rates, and economic trends continues to inform a cautious approach to lending and credit provisioning. Management indicated that credit teams are actively monitoring commercial loan books and remain hesitant to provide specific charge-off guidance due to macro unpredictability. In upcoming quarters, the StockStory team will monitor (1) progress on integrating HarborOne, including realization of cost synergies and expansion in Rhode Island, (2) sustained growth in franchise lending and wealth management, and (3) the impact of ongoing deposit management strategies on net interest margin and funding costs. Updates on credit quality and commercial real estate exposures will also be important signposts. Eastern Bank currently trades at $14.56, down from $15.58 just before the earnings. At this price, is it a buy or sell? See for yourself in our full research report (it's free). Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
25-04-2025
- Business
- Business Insider
HarborOne Bancorp trading resumes
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Yahoo
30-03-2025
- Business
- Yahoo
HarborOne Bancorp (NASDAQ:HONE) Has Announced That It Will Be Increasing Its Dividend To $0.09
HarborOne Bancorp, Inc. (NASDAQ:HONE) will increase its dividend on the 23rd of April to $0.09, which is 13% higher than last year's payment from the same period of $0.08. Based on this payment, the dividend yield for the company will be 3.0%, which is fairly typical for the industry. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. While it is always good to see a solid dividend yield, we should also consider whether the payment is feasible. Having paid out dividends for 5 years, HarborOne Bancorp has a good history of paying out a part of its earnings to shareholders. Past distributions do not necessarily guarantee future ones, but HarborOne Bancorp's payout ratio of 48% is a good sign for current shareholders as this means that earnings decently cover dividends. Over the next 3 years, EPS is forecast to expand by 75.8%. Analysts estimate the future payout ratio will be 34% over the same time period, which is in the range that makes us comfortable with the sustainability of the dividend. See our latest analysis for HarborOne Bancorp Even though the company has been paying a consistent dividend for a while, we would like to see a few more years before we feel comfortable relying on it. Since 2020, the dividend has gone from $0.12 total annually to $0.32. This works out to be a compound annual growth rate (CAGR) of approximately 22% a year over that time. HarborOne Bancorp has been growing its dividend quite rapidly, which is exciting. However, the short payment history makes us question whether this performance will persist across a full market cycle. Investors could be attracted to the stock based on the quality of its payment history. We are encouraged to see that HarborOne Bancorp has grown earnings per share at 14% per year over the past five years. Since earnings per share is growing at an acceptable rate, and the payout policy is balanced, we think the company is positioning itself well to grow earnings and dividends in the future. Overall, a dividend increase is always good, and we think that HarborOne Bancorp is a strong income stock thanks to its track record and growing earnings. The company is easily earning enough to cover its dividend payments and it is great to see that these earnings are being translated into cash flow. All in all, this checks a lot of the boxes we look for when choosing an income stock. Investors generally tend to favour companies with a consistent, stable dividend policy as opposed to those operating an irregular one. At the same time, there are other factors our readers should be conscious of before pouring capital into a stock. Earnings growth generally bodes well for the future value of company dividend payments. See if the 4 HarborOne Bancorp analysts we track are forecasting continued growth with our free report on analyst estimates for the company. Looking for more high-yielding dividend ideas? Try our collection of strong dividend payers. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
09-02-2025
- Business
- Yahoo
New Forecasts: Here's What Analysts Think The Future Holds For HarborOne Bancorp, Inc. (NASDAQ:HONE)
HarborOne Bancorp, Inc. (NASDAQ:HONE) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's forecasts. The revenue forecast for this year has experienced a facelift, with analysts now much more optimistic on its sales pipeline. The market may be pricing in some blue sky too, with the share price gaining 12% to US$12.17 in the last 7 days. Could this upgrade be enough to drive the stock even higher? Following the latest upgrade, the four analysts covering HarborOne Bancorp provided consensus estimates of US$151m revenue in 2025, which would reflect a chunky 8.2% decline on its sales over the past 12 months. Statutory earnings per share are presumed to jump 25% to US$0.83. Prior to this update, the analysts had been forecasting revenues of US$135m and earnings per share (EPS) of US$0.78 in 2025. The most recent forecasts are noticeably more optimistic, with a substantial gain in revenue estimates and a lift to earnings per share as well. View our latest analysis for HarborOne Bancorp Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. Over the past five years, revenues have declined around 5.0% annually. Worse, forecasts are essentially predicting the decline to accelerate, with the estimate for an annualised 8.2% decline in revenue until the end of 2025. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenue grow 7.4% per year. So while a broad number of companies are forecast to grow, unfortunately HarborOne Bancorp is expected to see its sales affected worse than other companies in the industry. The most important thing to take away from this upgrade is that analysts upgraded their earnings per share estimates for this year, expecting improving business conditions. Fortunately, they also upgraded their revenue estimates, and are forecasting revenues to grow slower than the wider market. Given that analysts appear to be expecting substantial improvement in the sales pipeline, now could be the right time to take another look at HarborOne Bancorp. With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At Simply Wall St, we have a full range of analyst estimates for HarborOne Bancorp going out to 2026, and you can see them free on our platform here.. Another way to search for interesting companies that could be reaching an inflection point is to track whether management are buying or selling, with our free list of growing companies backed by insiders. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
