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HarborOne Bancorp Reports Q2 Income Surge Amid Merger

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HarborOne Bancorp Reports Q2 Income Surge Amid Merger

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HarborOne Bancorp ( (HONE) ) has issued an update.

HarborOne Bancorp, Inc. reported a significant increase in net income for the second quarter of 2025, with earnings rising to $8.1 million, a 46.5% increase from the previous quarter. The company also announced a merger with Eastern Bankshares, Inc., which has led to the suspension of its share repurchase program. Despite a decrease in total assets and deposits, the company experienced growth in noninterest income, driven by higher mortgage banking income and deposit fees, while managing expenses effectively. The merger is expected to enhance HarborOne’s market position, although it incurred $1.7 million in merger-related expenses during the quarter.

The most recent analyst rating on (HONE) stock is a Hold with a $14.00 price target. To see the full list of analyst forecasts on HarborOne Bancorp stock, see the HONE Stock Forecast page.

Spark’s Take on HONE Stock

According to Spark, TipRanks’ AI Analyst, HONE is a Neutral.

The overall score of 69 for HarborOne Bancorp reflects a stable financial position with strategic opportunities for growth. The most significant factors are the strong balance sheet and the positive strategic direction signaled by the merger with Eastern Bankshares. Technical analysis and valuation show moderate performance, while the lack of earnings call data limits insights into management’s outlook.

To see Spark’s full report on HONE stock, click here.

More about HarborOne Bancorp

HarborOne Bancorp, Inc. is a financial holding company for HarborOne Bank, operating in the banking industry. It provides a range of financial services, including mortgage banking and deposit services, with a focus on maintaining superior service for its customers and communities.

Average Trading Volume: 398,374

Technical Sentiment Signal: Strong Buy

Current Market Cap: $529.4M

For a thorough assessment of HONE stock, go to TipRanks’ Stock Analysis page.

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