Tearsheet

HarborOne Bancorp (HONE)

Market Price (11/3/2025): $12.14 | Market Cap: $484.7 Mil
Sector: Financials | Industry: Regional Banks

HarborOne Bancorp (HONE)

Market Price (11/3/2025): $12.14
Market Cap: $484.7 Mil
Sector: Financials
Industry: Regional Banks

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.0%, FCF Yield is 9.4%	Weak multi-year price returns 2Y Excs Rtn is -36%, 3Y Excs Rtn is -86%	Weak revenue growth Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -6.0%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 28%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 27%
2	Low stock price volatility Vol 12M is 36%

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.0%, FCF Yield is 9.4%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 28%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 27%
2	Low stock price volatility Vol 12M is 36%
3	Weak multi-year price returns 2Y Excs Rtn is -36%, 3Y Excs Rtn is -86%
4	Weak revenue growth Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -6.0%

Market Valuation & Key Metrics

	11/3/25	2024	2023	2022	2021
Share Price CYE	$12.14	$11.55	$11.29	$12.82	$13.36
Market Cap CYE ($ Mil)	484.7	470.0	475.6	580.7	653.5
Total Debt ($ Mil)	439.7	516.6	568.5	435.0	89.9
Total Cash ($ Mil)	203.1	231.1	227.4	98.0	194.7
Enterprise Value ($ Mil)	721.3	986.6	1,044.1	1,015.7	743.4
Valuation Ratios
P/S TTM	2.9	2.9	3.1	3.2	3.4
P/EBIT TTM	0.0	0.0	0.0	0.0	0.0
P/E TTM	18.4	17.8	32.2	14.2	12.9
Sector Ratios
P/S TTM (Sector)	3.0	3.1	2.8	2.8	3.3
P/EBIT TTM (Sector)	6.5	6.9	7.0	6.2	6.8
P/E TTM (Sector)	11.8	11.6	10.1	9.3	9.9

	11/3/25	2024	2023
Share Price CYE	$12.14	$11.55	$11.29
Market Cap CYE ($ Mil)	484.7	470.0	475.6
Total Debt ($ Mil)	439.7	516.6	568.5
Total Cash ($ Mil)	203.1	231.1	227.4
Enterprise Value ($ Mil)	721.3	986.6	1,044.1
Valuation Ratios
P/S TTM	2.9	2.9	3.1
P/EBIT TTM	0.0	0.0	0.0
P/E TTM	18.4	17.8	32.2
Sector Ratios
P/S TTM (Sector)	3.0	3.1	2.8
P/EBIT TTM (Sector)	6.5	6.9	7.0
P/E TTM (Sector)	11.8	11.6	10.1

	HONE	S&P 500
REVENUE GROWTH
Rev LTM ($ Bil)	0.2
Rev Chg Q	5.3%	6.6%
Rev Chg LTM	4.7%	5.6%
Rev Chg 3Y Avg	-6.0%	5.3%
PROFITABILITY	FAIR
Op Inc LTM ($ Bil)	�
CFO LTM ($ Bil)	0.0
Net Inc LTM ($ Bil)	0.0
CFO/Rev LTM	27.5%	20.3%
Net Inc Mgn	15.5%	12.8%
VALUATION	MODERATE
P/S	2.9	3.2
P/CFO	10.4	15.1
P/FCF	10.6	20.3
P/E	18.4	23.6

AI Generated Analysis | Feedback

Metric	Value	Date	Source
Number of Full-Service Branches	30	N/A/N/A/N/A	Link
Number of ATM Locations	5	N/A/N/A/N/A	Link
FDIC-insured deposits as a percentage of total deposits	74%	N/A/N/A/N/A	Link
Number of States with HarborOne Bank and HarborOne Mortgage Offices	5	2018	Link

HONE Stock

Stock Price
Market Cap

Return (1M):

Why The Stock Moved

Qualitative Assessment

AI Generated Analysis | Feedback

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Stock Movement Drivers

Fundamental Drivers

The 5.0% change in HONE stock from 8/3/2025 to 11/2/2025 was primarily driven by a 1.6% change in the company's Net Income Margin (%).

	8032025	11022025	Change
Stock Price ($)	11.53	12.10	4.96%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	167.77	170.00	1.33%
Net Income Margin (%)	15.26%	15.51%	1.62%
P/E Multiple	18.16	18.32	0.86%
Shares Outstanding (Mil)	40.34	39.92	1.04%
Cumulative Contribution			4.94%

LTM = Last Twelve Months as of date shown

Market Drivers

8/3/2025 to 11/2/2025

	Return	Correlation
HONE	5.0%
Market (SPY)	9.7%	39.4%
Sector (XLF)	1.9%	65.2%

Fundamental Drivers

The 6.6% change in HONE stock from 5/4/2025 to 11/2/2025 was primarily driven by a 8.7% change in the company's P/E Multiple.

	5042025	11022025	Change
Stock Price ($)	11.36	12.10	6.56%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	167.94	170.00	1.22%
Net Income Margin (%)	16.32%	15.51%	-4.95%
P/E Multiple	16.86	18.32	8.65%
Shares Outstanding (Mil)	40.70	39.92	1.90%
Cumulative Contribution			6.52%

LTM = Last Twelve Months as of date shown

Market Drivers

5/4/2025 to 11/2/2025

	Return	Correlation
HONE	6.6%
Market (SPY)	20.7%	50.0%
Sector (XLF)	5.6%	67.3%

Fundamental Drivers

The 4.4% change in HONE stock from 11/2/2024 to 11/2/2025 was primarily driven by a 58.5% change in the company's Net Income Margin (%).

	11022024	11022025	Change
Stock Price ($)	11.59	12.10	4.43%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	162.42	170.00	4.66%
Net Income Margin (%)	9.79%	15.51%	58.48%
P/E Multiple	30.10	18.32	-39.13%
Shares Outstanding (Mil)	41.29	39.92	3.31%
Cumulative Contribution			4.31%

LTM = Last Twelve Months as of date shown

Market Drivers

11/2/2024 to 11/2/2025

	Return	Correlation
HONE	4.4%
Market (SPY)	20.6%	49.9%
Sector (XLF)	13.6%	61.0%

Fundamental Drivers

The -9.4% change in HONE stock from 11/3/2022 to 11/2/2025 was primarily driven by a -32.0% change in the company's Net Income Margin (%).

	11032022	11022025	Change
Stock Price ($)	13.36	12.10	-9.43%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	206.61	170.00	-17.72%
Net Income Margin (%)	22.80%	15.51%	-31.96%
P/E Multiple	13.32	18.32	37.49%
Shares Outstanding (Mil)	46.98	39.92	15.02%
Cumulative Contribution			-11.47%

LTM = Last Twelve Months as of date shown

Market Drivers

11/3/2023 to 11/2/2025

	Return	Correlation
HONE	22.6%
Market (SPY)	60.5%	42.5%
Sector (XLF)	59.4%	56.4%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
HONE Return	-0%	38%	-4%	-12%	2%	5%	25%
Peers Return	-2%	12%	-18%	18%	1%	14%	23%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	112%
Monthly Win Rates [3]
HONE Win Rate	50%	58%	33%	50%	42%	70%
Peers Win Rate	22%	25%	28%	35%	27%	51%
S&P 500 Win Rate	58%	75%	42%	67%	75%	70%
Max Drawdowns [4]
HONE Max Drawdown	-40%	-4%	-11%	-44%	-22%	-23%
Peers Max Drawdown	-19%	-2%	-23%	-16%	-10%	-7%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: NEWT, ATLO, AVBC, LSBK, NU.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/31/2025 (YTD)

How Low Can It Go

Unique Key	Event	HONE	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-49.1%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	96.7%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-41.0%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	69.5%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	289 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-31.7%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	46.5%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	758 days	120 days

Compare to NEWT, ATLO, AVBC, LSBK, NU

In The Past

HarborOne Bancorp's stock fell -49.1% during the 2022 Inflation Shock from a high on 11/1/2022. A -49.1% loss requires a 96.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About HarborOne Bancorp (HONE)

HarborOne Bancorp, Inc. operates as the holding company for HarborOne Bank that provides financial services to individuals, families, small and mid-size businesses, and municipalities. The company operates in two segments, HarborOne Bank and HarborOne Mortgage. Its primary deposit products include checking, money market, savings, and term certificate of deposit accounts; and lending products comprise commercial real estate, commercial, residential mortgages, and consumer loans, including indirect automobile lease loans. The company also originates, sells, and services residential mortgage loans. In addition, it provides a range of educational services, such as classes on small business, financial literacy, and personal enrichment. As of December 31, 2021, the company operated through a network of 30 full-service branches located in Massachusetts and Rhode Island, as well as commercial lending offices in each of Boston, Massachusetts, and Providence, Rhode Island. It also had administrative offices in Brockton, Massachusetts, as well as 5 ATM locations in Massachusetts. The company was founded in 1917 and is based in Brockton, Massachusetts.

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Better Bets than HarborOne Bancorp (HONE)

	HONE	Better Performance than HONE
Metric	Value	Industry (Regional Banks)
Rev Chg LTM	4.7%	NU (23.7%), DB (7.1%), HBAN (11.1%), BAP (10.5%), EWBC (5.9%)
Rev Chg 3Y Avg	-6.0%	NU (70.1%), DB (6.0%), MTB (11.4%), FITB (4.3%), FCNCA (53.3%)
CFO/Rev LTM	27.5%	NU (44.0%), MTB (43.5%), FITB (50.5%), FCNCA (32.5%), HBAN (33.3%)
FCF/Rev LTM	26.8%	NU (40.8%), MTB (41.7%), FITB (43.7%), HBAN (31.1%), RF (36.2%)
Total Yield	7.0%	DB (8.2%), MTB (12.8%), FITB (8.4%), FCNCA (9.9%), HBAN (13.9%)

	HONE	Better Performance than HONE
Metric	Value	Sector (Financials)
Rev Chg LTM	4.7%	JPM (8.2%), V (11.4%), MA (14.6%), BAC (8.9%), MS (16.7%)
Rev Chg 3Y Avg	-6.0%	JPM (13.5%), V (11.5%), MA (13.2%), BAC (5.2%), WFC (2.9%)
CFO/Rev LTM	27.5%	V (60.4%), MA (56.1%), BAC (57.3%), AXP (30.0%), GS (30.5%)
FCF/Rev LTM	26.8%	V (56.8%), MA (52.5%), BAC (57.3%), AXP (26.9%), GS (26.9%)
Total Yield	7.0%	BAC (7.4%), WFC (9.5%), HSBC (7.3%), RY (9.3%), C (7.5%)

	HONE	Better Performance than HONE
Metric	Value	All Other Sectors
Rev Chg LTM	4.7%	NVDA (71.6%), AAPL (6.0%), MSFT (15.6%), GOOGL (13.4%), AMZN (10.9%)
Rev Chg 3Y Avg	-6.0%	NVDA (92.0%), AAPL (1.8%), MSFT (13.2%), GOOGL (11.0%), AMZN (11.3%)
CFO/Rev LTM	27.5%	NVDA (46.6%), MSFT (50.0%), GOOGL (39.3%), AVGO (42.4%), META (56.8%)
FCF/Rev LTM	26.8%	NVDA (43.6%), AVGO (41.6%), PLTR (49.7%), ABBV (31.3%), CRM (31.6%)
Total Yield	7.0%	XOM (9.7%), JNJ (8.2%), BABA (37.0%), UNH (8.2%), KO (7.3%)

		Best Bets In Financials Sector
	HONE	DBRG	OTF	MTG	NMIH	CACC	ENVA	FNF	ACGL	APAM	FI
What You Pay
P/E	18.3	29.4	13.3	8.3	7.5	11.1	10.2	14.0	8.6	10.8	10.9
P/EBIT	�	-78.3	9.2	6.4	5.5	8.8	7.8	8.9	7.6	6.2	5.9
What You Get
Rev Chg Q	5.3%	-102.2%	1,228.5%	-0.7%	7.2%	6.0%	16.3%	16.8%	22.4%	7.8%	8.0%
Rev Chg LTM	4.7%	-90.0%	89.0%	2.2%	10.0%	10.2%	21.1%	7.4%	23.5%	8.9%	6.7%
Rev Chg 3Y Avg	-6.0%	13,055.0%	221.9%	1.2%	10.1%	7.6%	23.5%	-0.7%	29.8%	2.9%	7.5%
FCF/Rev 3Y Avg	21.1%	�	76.2%	62.2%	58.8%	55.6%	54.7%	50.8%	38.4%	27.3%	20.7%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 21%, alpha of 9.1%, and sharpe of 0.94

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	With HarborOne Bancorp Stock Down 8.5% In A Day, How Confident Are You?	Return

	Title
0	ARTICLES
1	With HarborOne Bancorp Stock Down 8.5% In A Day, How Confident Are You?

Trade Ideas

Select past ideas related to HONE. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
BRO_10312025_Dip_Buyer_FCFYield	10312025	BRO	Brown & Brown	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	0.0%	0.0%	0.0%
CPAY_10312025_Dip_Buyer_FCFYield	10312025	CPAY	Corpay	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	0.0%	0.0%	0.0%
EEFT_10312025_Dip_Buyer_FCFYield	10312025	EEFT	Euronet Worldwide	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	0.0%	0.0%	0.0%
GPN_10312025_Dip_Buyer_FCFYield	10312025	GPN	Global Payments	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	0.0%	0.0%	0.0%
APO_10102025_Dip_Buyer_FCFYield	10102025	APO	Apollo Asset Management	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	5.2%	5.2%	0.0%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
BRO_10312025_Dip_Buyer_FCFYield	10312025	BRO	Brown & Brown	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	0.0%	0.0%	0.0%
CPAY_10312025_Dip_Buyer_FCFYield	10312025	CPAY	Corpay	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	0.0%	0.0%	0.0%
EEFT_10312025_Dip_Buyer_FCFYield	10312025	EEFT	Euronet Worldwide	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	0.0%	0.0%	0.0%
GPN_10312025_Dip_Buyer_FCFYield	10312025	GPN	Global Payments	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	0.0%	0.0%	0.0%
APO_10102025_Dip_Buyer_FCFYield	10102025	APO	Apollo Asset Management	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	5.2%	5.2%	0.0%

Recent Active Movers

1 Day Top Gainers

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Recent Active Movers

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Peer Comparisons for HarborOne Bancorp

Financials

	HONE	NEWT	ATLO	AVBC	LSBK	NU	Median
Name	HarborOn.	NewtekOne	Ames Nat.	Avidia B.	Lake Sho.	Nu
Mkt Price	-	-	-	-	-	-	-
Mkt Cap	0.5	0.3	0.2	-	-	77.7	0.4
Rev LTM	170	257	60	90	26	8,967	130
Op Inc LTM	-	-	-	-	-	-	-
FCF LTM	46	-378	20	-8	4	3,657	12
FCF 3Y Avg	39	-194	16	-	5	2,317	16
CFO LTM	47	-378	20	-4	4	3,941	12
CFO 3Y Avg	41	-193	18	-	5	2,506	18

Growth & Margins

	HONE	NEWT	ATLO	AVBC	LSBK	NU	Median
Name	HarborOn.	NewtekOne	Ames Nat.	Avidia B.	Lake Sho.	Nu
Rev Chg LTM	4.7%	24.3%	13.1%	-	2.1%	23.7%	13.1%
Rev Chg 3Y Avg	-6.0%	28.3%	-2.3%	-	0.0%	70.1%	0.0%
Rev Chg Q	5.3%	18.6%	19.4%	-	16.5%	20.4%	18.6%
QoQ Delta Rev Chg LTM	1.3%	4.2%	4.6%	-	4.0%	5.0%	4.2%
Op Mgn LTM	-	-	-	-	-	-	-
Op Mgn 3Y Avg	-	-	-	-	-	-	-
QoQ Delta Op Mgn LTM	-	-	-	-	-	-	-
CFO/Rev LTM	27.5%	-147.3%	33.7%	-4.2%	17.4%	44.0%	22.5%
CFO/Rev 3Y Avg	22.5%	-97.4%	31.7%	-	19.2%	37.8%	22.5%
FCF/Rev LTM	26.8%	-147.4%	33.0%	-8.3%	15.3%	40.8%	21.1%
FCF/Rev 3Y Avg	21.1%	-97.5%	27.6%	-	17.8%	34.9%	21.1%

Valuation

	HONE	NEWT	ATLO	AVBC	LSBK	NU	Median
Name	HarborOn.	NewtekOne	Ames Nat.	Avidia B.	Lake Sho.	Nu
Mkt Cap	0.5	0.3	0.2	-	-	77.7	0.4
P/S	2.8	1.0	3.1	-	-	8.7	3.0
P/EBIT	-	-	-	-	-	-	-
P/E	18.3	4.9	13.6	-	-	33.8	15.9
P/CFO	10.3	-0.7	9.2	-	-	19.7	9.8
Total Yield	7.0%	20.4%	11.6%	-	-	3.0%	9.3%
Dividend Yield	1.5%	0.0%	4.2%	-	-	0.0%	0.8%
FCF Yield 3Y Avg	9.8%	-62.0%	9.6%	-	-	4.3%	6.9%
D/E	0.9	2.5	0.2	-	-	0.0	0.5
Net D/E	-0.0	1.8	-3.9	-	-	-0.3	-0.2

Returns

	HONE	NEWT	ATLO	AVBC	LSBK	NU	Median
Name	HarborOn.	NewtekOne	Ames Nat.	Avidia B.	Lake Sho.	Nu
1M Rtn	-	-	-	-	-	-	-
3M Rtn	-	-	-	-	-	-	-
6M Rtn	-	-	-	-	-	-	-
12M Rtn	-	-	-	-	-	-	-
3Y Rtn	-	-	-	-	-	-	-
1M Excs Rtn	-13.1%	-7.5%	2.9%	-1.3%	5.0%	4.0%	0.8%
3M Excs Rtn	-4.1%	-15.0%	5.8%	-5.6%	5.0%	25.9%	0.5%
6M Excs Rtn	-13.7%	-18.7%	0.2%	-	-	9.1%	-6.8%
12M Excs Rtn	-14.8%	-34.3%	10.2%	-	-	-14.4%	-14.6%
3Y Excs Rtn	-85.9%	-98.6%	-70.3%	-	-	188.4%	-78.1%

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	6/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	8/5/2025	3/6/2025	3/7/2024	3/10/2023	3/11/2022	3/12/2021	3/13/2020
Key Financials
Total Revenue	170	168	166	203	225	247	162
Net Income	26	27	16	46	59	45	18
EPS	0.65	0.66	0.37	0.98	1.15	0.82	0.33
Growth Rates
Total Revenue Growth	4.7%	1.0%	-17.9%	-9.8%	-9.1%	52.3%	23.5%
Net Income Growth	65.9%	70.5%	-64.7%	-22.1%	30.6%	145.2%	60.3%
Margins
Net Income Margin	15.5%	16.3%	9.7%	22.5%	26.1%	18.1%	11.3%
Cash & Debt
Total Cash	451	495	518	399	589	482	451
Total Debt	440	517	568	435	90	183	388
Net Debt / (Cash)	-12	22	51	36	-499	-299	-63
Cash Flows
Net Cash from Operations	47	4	54	69	224	-27	-36
Free Cash from Operations	46	3	49	67	218	-33	-41
Returns to Shareholders
Dividends	13	13	13	12	9	3	-0
Share Repurchases	19	22	45	63	69	16	1

$ Mil \| FY: 12/31	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3
Period End	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Filing Date	8/5/2025	5/6/2025	3/6/2025	11/12/2024	8/6/2024	5/7/2024	3/7/2024	11/7/2023	8/8/2023	5/9/2023	3/10/2023	11/8/2022
Key Financials Quarterly
Total Revenue	44	40	44	41	42	40	38	42	44	42	48	53
Net Income	8	6	9	4	7	7	-7	8	7	7	10	14
EPS	0.20	0.14	0.21	0.10	0.18	0.17	-0.17	0.20	0.17	0.16	0.21	0.30
Key Financials TTM
Total Revenue TTM	170	168	168	162	162	164	166	176	187	193	203	206
Net Income TTM	26	26	27	11	16	16	16	33	38	41	46	49
Growth Rates Quarterly
Total Revenue Growth	5.3%	-0.4%	15.6%	-1.1%	-4.4%	-4.7%	-20.5%	-20.7%	-12.7%	-17.7%	-7.0%	-0.8%
Net Income Growth	10.4%	-24.7%	225.0%	-53.4%	-2.4%	0.0%	-174.3%	-38.9%	-25.1%	-40.5%	-23.9%	12.2%
Margins Quarterly
Net Income Margin	18.2%	13.7%	20.0%	9.5%	17.3%	18.1%	-18.6%	20.1%	17.0%	17.3%	19.9%	26.1%
Cash & Debt
Total Cash	451	230	495	501	504	684	518	518	545	553	399	391
Total Debt	440	400	517	539	619	754	568	510	639	625	435	380
Net Debt / (Cash)	-12	169	22	38	115	70	51	-8	94	72	36	-11
Cash Flows Quarterly
FCF from Operations	-5	23	3	25	-40	15	-16	28	32	10	16	32
Cash Flows TTM
FCF from Operations TTM	47	12	4	-16	-13	59	54	85	89	64	69	110
Returns to Shareholders Quarterly
Dividends	4	4	3	4	4	3	2	3	3	3	3	3
Share Repurchases	3	6	5	4	6	6	6	6	6	27	5	11
Return on Invested Capital (ROIC) Quarterly
ROIC	-	13.0%	164.7%	35.6%	24.5%	34.7%	-25.8%	178.1%	20.8%	21.5%	25.9%	51.3%
Return on Invested Capital (ROIC) TTM
ROIC TTM	-	15.1%	127.0%	25.9%	13.4%	19.1%	19.7%	173.5%	26.5%	29.9%	30.8%	45.3%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
HarborOne Bank	156	173	150	139	131
Other	47	11
HarborOne Mortgage	16	35	84	121	40
Eliminations	-49	-13
HarborOne Bancorp Inc					-1
Total	169	206	235	260	170

Net Income by Segment

$ Mil	2024	2023	2022	2021	2020
Other	47	10
HarborOne Bank	32	43	40	5	21
HarborOne Mortgage	-14	5	22	42	0
Eliminations	-49	-13
HarborOne Bancorp Inc					-3
Total	16	46	62	47	18

Assets by Segment

$ Mil	2024	2023	2022	2021	2020
HarborOne Bank	5,690	5,374	4,482	4,460	3,925
Other	589	657
HarborOne Mortgage	97	124	174	312	166
Eliminations	-708	-795			-733
HarborOne Bancorp Inc					701
Total	5,668	5,360	4,655	4,772	4,059

Price Behavior

Price Behavior

Market Price	$12.10
Market Cap ($ Bil)	0.5
First Trading Date	06/30/2016
Distance from 52W High	-14.4%
	50 Days	200 Days
DMA Price	$13.26	$11.70
DMA Trend	up	up
Distance from DMA	-8.8%	3.4%
	3M	1YR
Volatility	32.3%	36.0%
Downside Capture	76.13	114.34
Upside Capture	65.52	97.69
Correlation (SPY)	41.7%	50.0%

HONE Betas & Captures as of 10/31/2025

	1M	2M	3M	6M	1Y	3Y
Beta	1.09	1.01	1.17	1.19	0.92	0.92
Up Beta	1.62	1.94	2.17	1.26	0.72	0.82
Down Beta	1.39	1.51	1.41	1.62	0.98	1.04
Up Capture	-24%	8%	63%	81%	97%	54%
Bmk +ve Days	14	27	37	74	145	425
Stock +ve Days	8	18	28	58	112	356
Down Capture	161%	87%	82%	118%	109%	102%
Bmk -ve Days	9	17	28	53	106	327
Stock -ve Days	15	25	34	64	130	372

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

		Comparison of HONE With Other Asset Classes (Last 1Y)
	HONE	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	3.5%	12.2%	18.5%	45.3%	3.1%	-4.4%	56.7%
Annualized Volatility	35.8%	20.1%	19.6%	19.9%	16.3%	18.1%	37.0%
Sharpe Ratio	0.15	0.46	0.74	1.77	0.00	-0.39	0.94
Correlation With Other Assets		61.1%	50.3%	-10.9%	4.6%	36.9%	28.7%

ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

		Comparison of HONE With Other Asset Classes (Last 5Y)
	HONE	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	7.2%	17.7%	16.1%	15.6%	12.7%	5.9%	53.1%
Annualized Volatility	32.5%	19.5%	17.2%	15.6%	18.9%	19.2%	49.2%
Sharpe Ratio	0.28	0.77	0.77	0.80	0.56	0.23	0.80
Correlation With Other Assets		56.8%	40.5%	-0.0%	13.6%	40.9%	13.9%

Based On 10-Year Data

		Comparison of HONE With Other Asset Classes (Last 10Y)
	HONE	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	7.2%	12.4%	14.5%	12.7%	5.2%	5.0%	81.9%
Annualized Volatility	31.0%	22.4%	18.0%	14.7%	17.7%	20.9%	56.2%
Sharpe Ratio	0.29	0.52	0.70	0.71	0.23	0.21	0.98
Correlation With Other Assets		59.9%	46.3%	-2.1%	18.0%	44.7%	13.2%

Short Interest

Short Interest: As Of Date	10152025
Short Interest: Shares Quantity	2,289,807
Short Interest: % Change Since 9302025	56.9%
Average Daily Volume	613,965
Days-to-Cover Short Interest	3.73
Basic Shares Quantity	39,924,977
Short % of Basic Shares	5.7%

Returns Analyses

	Title
0	With HarborOne Bancorp Stock Down 8.5% In A Day, How Confident Are You?

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
7/24/2025	1.4%	-1.5%	5.7%
4/24/2025	12.3%	12.2%	11.8%
1/30/2025	-3.5%	0.3%	-4.0%
10/24/2024	-13.6%	-7.8%	-2.6%
7/25/2024	3.0%	1.3%	-5.2%
4/25/2024	1.8%	4.0%	5.2%
1/30/2024	-4.0%	-12.4%	-16.2%
10/24/2023	2.7%	6.4%	18.8%
...
SUMMARY STATS
# Positive	12	14	13
# Negative	12	10	11
Median Positive	2.8%	4.2%	7.0%
Median Negative	-2.2%	-2.1%	-3.6%
Max Positive	12.3%	12.2%	18.8%
Max Negative	-13.6%	-22.7%	-21.5%

SEC Filings

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Report Date	Filing Date	Filing
6302025	8052025	10-Q 6/30/2025
3312025	5062025	10-Q 3/31/2025
12312024	3062025	10-K 12/31/2024
9302024	11122024	10-Q 9/30/2024
6302024	8062024	10-Q 6/30/2024
3312024	5072024	10-Q 3/31/2024
12312023	3072024	10-K 12/31/2023
9302023	11072023	10-Q 9/30/2023
6302023	8082023	10-Q 6/30/2023
3312023	5092023	10-Q 3/31/2023
12312022	3102023	10-K 12/31/2022
9302022	11082022	10-Q 9/30/2022
6302022	8082022	10-Q 6/30/2022
3312022	5102022	10-Q 3/31/2022
12312021	3112022	10-K 12/31/2021
9302021	11042021	10-Q 9/30/2021

Insider Activity

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Industry Resources

Financials Resources

Federal Reserve Economic Data

External Quote Links

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HarborOne Bancorp (HONE)

Market Price (11/3/2025): $12.14 | Market Cap: $484.7 MilSector: Financials | Industry: Regional Banks

HarborOne Bancorp (HONE)

Market Price (11/3/2025): $12.14Market Cap: $484.7 MilSector: FinancialsIndustry: Regional Banks

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HONE Stock

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Based On 1-Year Data

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Market Price (11/3/2025): $12.14 | Market Cap: $484.7 Mil
Sector: Financials | Industry: Regional Banks

Market Price (11/3/2025): $12.14
Market Cap: $484.7 Mil
Sector: Financials
Industry: Regional Banks