Trade HarborOne Bancorp Inc - HONE CFD

HarborOne Banc Company profile

About HarborOne Bancorp Inc

HarborOne Bancorp, Inc. is the holding company of HarborOne Bank (the Bank) and its subsidiaries. The Company operates through two segments: HarborOne Bank and HarborOne Mortgage. The HarborOne Bank segment consists primarily of interest earned on loans and investment securities and service charges on deposit accounts. The HarborOne Mortgage segment is comprised of interest earned on loans and fees received as a result of the residential mortgage origination, sale and servicing process. The residential real estate portfolio loans are originated by HarborOne Mortgage segment and purchased by the Bank. The Company provides a range of financial services to individuals and businesses through approximately 27 full-service branches in Massachusetts and Rhode Island, and commercial lending offices in each of Boston, Massachusetts and Providence, Rhode Island. HarborOne Mortgage maintains more than 30 offices in Massachusetts, Rhode Island, New Hampshire, and Maine.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, HarborOne Bancorp Inc interest income decreased 3% to $143.9M. Net interest income after loan loss provision increased 32% to $138.6M. Net income increased 31% to $58.5M. Net interest income after loan loss provision reflects HarborOne Bank segment increase of 62% to $135.2M, HarborOne Mortgage segment increase of 7% to $3.5M, Net Interest Margin - Total - % increase of 2% to 3.12%.