HarborOne Bancorp Inc. (HONE) Financial Statements (2025 and earlier)

Company Profile

Business Address 770 OAK STREET
BROCKTON, MA 02301
State of Incorp. MA
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments227,35098,017194,719205,870211,616
Cash and cash equivalents227,35098,017194,719205,870211,616
Debt securities, held-to-maturity, excluding accrued interest, after allowance for credit loss19,79619,949 
Total current assets:247,146117,966194,719205,870211,616
Noncurrent Assets
Operating lease, right-of-use asset22,90026,90026,800  
Property, plant and equipment48,74949,04550,74549,58047,951
Intangible assets, net (including goodwill), including:60,55772,07472,96674,17275,837
Goodwill59,04269,80269,80269,80269,802
Intangible assets, net (excluding goodwill)1,5152,2723,1644,370 
Other undisclosed intangible assets, net (including goodwill)     6,035
Deferred income tax assets     6,034
Total noncurrent assets:132,206148,019150,511123,752129,822
Other undisclosed assets5,288,5445,093,5604,208,1754,153,9933,717,483
TOTAL ASSETS:5,667,8965,359,5454,553,4054,483,6154,058,921
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt303,000385,000 35,000183,000
Total current liabilities:303,000385,000 35,000183,000
Noncurrent Liabilities
Long-term debt and lease obligation 15,67555,711114,097171,132
Long-term debt, excluding current maturities 15,67555,711114,097171,132
Total noncurrent liabilities: 15,67555,711114,097171,132
Other undisclosed liabilities4,781,1374,341,8943,818,4333,638,2043,038,995
Total liabilities:5,084,1374,742,5693,874,1443,787,3013,393,127
Equity
Equity, attributable to parent583,759616,976679,261696,314665,794
Common stock598596585584584
Treasury stock, value(193,590)(148,384)(85,859)(16,644)(721)
Additional paid in capital486,502483,031469,934464,176460,232
Accumulated other comprehensive income (loss)(43,622)(47,082)(1,637)2,1851,480
Retained earnings359,656356,438325,699277,312237,356
Unearned esop shares(25,785)(27,623)(29,461)(31,299)(33,137)
Total equity:583,759616,976679,261696,314665,794
TOTAL LIABILITIES AND EQUITY:5,667,8965,359,5454,553,4054,483,6154,058,921

Income Statement (P&L) ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues254,692187,900205,778254,027154,784
Gain on disposition of assets for financial service operations10,40415,97061,883105,469 
Net investment income244,288171,930143,895148,558154,784
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(5,680)(5,660) (34,815)(4,747)
Gross profit:249,012182,240205,778219,212150,037
Operating expenses(50,291)(40,585)(39,939)(38,982)(37,417)
Other operating income, net
(Noninterest Income, Other Operating Income)
3,6904,3572,8235,5914,657
Operating income:202,411146,012168,662185,821117,277
Nonoperating income2,7491,9812,0222,215623
Investment income, nonoperating     (482)
Bank owned life insurance income2,7491,9812,0222,2151,105
Interest and debt expense(117,017)(22,944)(12,525)(28,492)(45,722)
Income from continuing operations before equity method investments, income taxes:88,143125,049158,159159,54472,178
Other undisclosed loss from continuing operations before income taxes(63,018)(63,320)(77,707)(101,535)(49,502)
Income from continuing operations before income taxes:25,12561,72980,45258,00922,676
Income tax expense(9,048)(16,140)(21,935)(13,217)(4,408)
Income from continuing operations:16,07745,58958,51744,79218,268
Income before gain (loss) on sale of properties:58,51744,79218,268
Net income available to common stockholders, diluted:16,07745,58958,51744,79218,268

Comprehensive Income ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income:16,07745,58958,51744,79218,268
Other comprehensive income (loss)3,870(59,628)(5,527)1,1904,922
Comprehensive income (loss):19,947(14,039)52,99045,98223,190
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(410)14,1831,705(485)(1,084)
Comprehensive income, net of tax, attributable to parent:19,53714454,69545,49722,106

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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