HarborOne Bancorp, Inc. (HONE)

HarborOne Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	246.05	227.25	163.65	139.17	141.66	145
Interest Income on Investments	22.23	17.04	8.28	4.73	6.9	9.79
Total Interest Income	268.27	244.29	171.93	143.9	148.56	154.78
Interest Paid on Deposits	111.45	88.32	15.63	8.72	22.79	37.06
Interest Paid on Borrowings	33.31	28.69	7.31	3.8	5.7	8.67
Total Interest Expense	144.76	117.02	22.94	12.53	28.49	45.72
Net Interest Income	123.52	127.27	148.99	131.37	120.07	109.06
Net Interest Income Growth (YoY)	-9.69%	-14.58%	13.41%	9.41%	10.09%	22.64%
Mortgage Banking Activities	9.32	9.1	9.95	15.83	15.17	9.46
Gain (Loss) on Sale of Assets	1.81	-	-	-	-	-0.48
Gain (Loss) on Sale of Investments	-1.04	-	-	0.24	2.53	1.34
Other Non-Interest Income	0.2	2.3	12.13	4.89	1.49	-0.08
Total Non-Interest Income	42.13	41.85	57.31	100.69	138.68	60.1
Non-Interest Income Growth (YoY)	-1.68%	-26.97%	-43.08%	-27.40%	130.77%	22.15%
Revenues Before Loan Losses	165.65	169.13	206.3	232.06	258.75	169.16
Provision for Loan Losses	6.99	5.68	5.66	-7.26	34.82	4.75
Revenue	158.66	163.45	200.64	239.31	223.93	164.41
Revenue Growth (YoY)	-8.01%	-18.54%	-16.16%	6.87%	36.20%	22.42%
Salaries and Employee Benefits	69.96	69.75	76.05	94.31	99.35	79.07
Occupancy Expenses	15.66	15.52	16.33	19.65	17.84	17.4
Federal Deposit Insurance	3.98	3.49	1.45	1.34	1.18	1.04
Selling, General & Administrative	28.26	28.19	31.48	27.9	25.75	27.74
Other Non-Interest Expense	11.75	10.64	13.59	14.96	21.81	16.48
Total Non-Interest Expense	129.62	127.56	138.91	157.77	165.92	141.73
EBT Excluding Unusual Items	29.04	35.89	61.73	81.55	58.01	22.68
Other Unusual Items	-	-	-	-1.1	-	-
Pretax Income	18.28	25.13	61.73	80.45	58.01	22.68
Income Tax Expense	6.87	9.05	16.14	21.94	13.22	4.41
Net Income	11.41	16.08	45.59	58.52	44.79	18.27
Net Income to Common	11.41	16.08	45.59	58.52	44.79	18.27
Net Income Growth	-65.18%	-64.73%	-22.09%	30.64%	145.19%	60.33%
Basic Shares Outstanding	42	43	46	51	54	56
Diluted Shares Outstanding	42	43	47	52	54	56
Shares Change (YoY)	-5.70%	-7.85%	-8.55%	-5.15%	-2.53%	-1.69%
EPS (Basic)	0.27	0.37	0.98	1.15	0.82	0.33
EPS (Diluted)	0.27	0.37	0.97	1.14	0.82	0.33
EPS Growth	-62.91%	-61.86%	-14.91%	39.02%	150.16%	63.89%
Dividend Per Share	0.315	0.300	0.280	0.200	0.090	-
Dividend Growth	6.78%	7.14%	40.00%	122.22%	-	-
Effective Tax Rate	37.59%	36.01%	26.15%	27.26%	22.78%	19.44%

Source: S&P Capital IQ. Banks template. Financial Sources.