HarborOne Bancorp Shares Fall 14% as 3Q Results Miss Some Estimates

Dow Jones

Oct 25, 2024

By Stephen Nakrosis

Shares of HarborOne Bancorp were lower after the holding company for HarborOne Bank reported third-quarter results which missed some analysts' estimates.

Shortly before the closing bell Thursday, shares of HarborOne were down 14%, at $11.45.

Before the bell, HarborOne reported third-quarter earnings per share of 10 cents. Analysts were expecting earnings of 19 cents a share, according to FactSet.

In the year-ago period, the company reported earnings of 18 cents a share.

The company said third-quarter results include a credit-loss provision of $5.9 million, primarily as a result of a suburban office commercial real-estate credit.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

October 24, 2024 15:56 ET (19:56 GMT)

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Analysts were expecting earnings of 19 cents a share, according to FactSet. \n\n\n  In the year-ago period, the company reported earnings of 18 cents a share. \n\n\n  The company said third-quarter results include a credit-loss provision of $5.9 million, primarily as a result of a suburban office commercial real-estate credit. \n\n\n \n\n\n  Write to Stephen Nakrosis at stephen.nakrosis@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 24, 2024 15:56 ET (19:56 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}