HarborOne Bancorp: Q4 Earnings Snapshot

Associated Press Finance

01-30

BROCKTON, Mass. (AP) — BROCKTON, Mass. (AP) — HarborOne Bancorp Inc. (HONE) on Thursday reported fourth-quarter net income of $8.9 million.

The Brockton, Massachusetts-based bank said it had earnings of 21 cents per share. Earnings, adjusted for non-recurring gains, came to 20 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share.

The bank holding company posted revenue of $81.2 million in the period. Its revenue net of interest expense was $45.5 million, which also beat Street forecasts.

For the year, the company reported profit of $27.4 million, or 66 cents per share. Revenue was reported as $172.6 million.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HONE at https://www.zacks.com/ap/HONE

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(AP) — BROCKTON, Mass. (AP) — HarborOne Bancorp Inc. (HONE) on Thursday reported fourth-quarter net income of $8.9 million.</p>\n<p>The Brockton, Massachusetts-based bank said it had earnings of 21 cents per share. Earnings, adjusted for non-recurring gains, came to 20 cents per share.</p>\n<p>The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share.</p>\n<p>The bank holding company posted revenue of $81.2 million in the period. Its revenue net of interest expense was $45.5 million, which also beat Street forecasts.</p>\n<p>For the year, the company reported profit of $27.4 million, or 66 cents per share. Revenue was reported as $172.6 million.</p>\n<p>_____</p>\n<p>This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. 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(HONE) on Thursday reported fourth-quarter net income of $8.9 million.\nThe Brockton, Massachusetts-based bank said it had earnings of 21 cents per share. Earnings, adjusted for non-recurring gains, came to 20 cents per share.\nThe results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share.\nThe bank holding company posted revenue of $81.2 million in the period. Its revenue net of interest expense was $45.5 million, which also beat Street forecasts.\nFor the year, the company reported profit of $27.4 million, or 66 cents per share. Revenue was reported as $172.6 million.\n_____\nThis story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. 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