HONE
HarborOne Bancorp, Inc.12.10
-0.22-1.79%
Oct 31, 4:00:02 PM EDT
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
522.22MP/E (TTM)
18.62Basic EPS (TTM)
0.65Dividend Yield
0.03%Recent Filings
8-K
HarborOne-Eastern merger closes
HarborOne Bancorp's merger with Eastern Bankshares closed on October 28, 2025, effective November 1, 2025, after all conditions were met under their April agreement. HarborOne's common stock delists from Nasdaq after trading ends October 31, 2025. Eastern appoints HarborOne leaders Joseph F. Casey and Michael J. Sullivan as directors effective then, bolstering board expertise. Merger consideration elections closed today; results due by November 3. Integration risks loom amid banking uncertainties.
8-K
HarborOne delisting ahead of merger
HarborOne Bancorp notified Nasdaq on October 16, 2025, of its plan to voluntarily delist common stock in anticipation of merging with Eastern Bankshares, effective November 1, 2025. Shareholders must elect merger consideration—0.765 Eastern shares, $12.00 cash, or a mix—by 5:00 p.m. ET on October 28, with allocation ensuring 75-85% stock treatment. Trading ends October 31. Delays could disrupt integration amid banking pressures.
8-K
Merger with Eastern approved
HarborOne Bancorp shareholders overwhelmingly approved the merger with Eastern Bankshares on August 20, 2025, clearing the path for HarborOne to merge into Eastern under the April 24 agreement. With 31.9 million votes for and just 956,000 against, the deal advances, followed by a bank-level merger at Eastern's discretion. Advisory approval passed for executive compensation. Strong support signals smooth integration ahead.
8-K
Merger proxy supplements issued
HarborOne Bancorp issued supplemental disclosures to its proxy statement amid shareholder lawsuits alleging omissions in merger details with Eastern Bankshares, aiming to quash claims without altering the all-stock deal's 0.765 exchange ratio or timeline. The updates detail negotiation background, like Eastern's March adjustment to 0.75 shares due to diligence and market shifts, and refine financial advisor analyses showing per-share values from $7.10 to $9.98. Litigation drags on. HarborOne denies merit, vowing defense.
10-Q
Q2 FY2025 results
HarborOne Bancorp posted solid Q2 results with net income up 10% year-over-year to $8.1 million, or $0.20 diluted EPS, while six-month net income dipped 7% to $13.6 million, or $0.34 per share, reflecting merger costs and higher provisions. Net interest income climbed 6% to $33.2 million in the quarter, driven by a 21-basis-point expansion in net interest margin to 2.52% (derived), as funding costs eased despite softer loan growth; total loans shrank 2.6% quarter-over-quarter to $4.73 billion, with commercial real estate down 4.3% y/y amid selective renewals. Noninterest income held steady at $12.2 million, buoyed by mortgage banking gains, but expenses rose 3% to $34.1 million, including $1.7 million in merger-related fees for the pending Eastern Bank deal, expected to close in Q4 2025 for a mix of cash and stock consideration. Liquidity remains robust with $203 million in cash equivalents and $1.3 billion in borrowing capacity, while the ACL stood at 1.01% of loans after $10.4 million in six-month charge-offs from two commercial credits. Yet regulatory hurdles in banking mergers loom large.
IPO
Employees
Sector
Industry
BHB
Bar Harbor Bankshares, Inc.
33.00-0.07
CNOB
ConnectOne Bancorp, Inc.
27.71+0.26
HBCP
Home Bancorp, Inc.
60.75-0.03
HBNC
Horizon Bancorp, Inc.
18.36-0.10
HNVR
Hanover Bancorp, Inc.
24.04+0.00
HOPE
Hope Bancorp, Inc.
11.47-0.03
MOFG
MidWestOne Financial Group, Inc
41.51-0.15
NECB
NorthEast Community Bancorp, In
23.71+0.19
WNEB
Western New England Bancorp, In
13.28-0.04
WSBK
Winchester Bancorp, Inc.
9.96+0.01