HONE

HarborOne Bancorp, Inc.

$11.09

0.01

(0.09%)

Exchange:	NASDAQ
Market Cap:	477.879M
Shares Outstanding:	57.67M

Overview

Earnings

Financials

Valuation

Chart

About The Company

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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Revenue Segmentation

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EPS

View full analyst estimates

Earnings Call

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Income Statement

Balance Sheet

Cash Flow Statement

Analyst Estimates

Income Statement

(* All numbers are in thousands)

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
? Revenue	82,325	118,352	122,001	132,746	164,314	248,936	226,316	204,908	163,445	271,408
? Cost Of Revenue	0	1,656	1,349	1,320	0	0	0	202,533	0	0
? Gross Profit	82,325	116,696	120,652	131,426	164,314	248,936	226,316	2,375	163,445	271,408
? Research And Development Expenses	0	0	0	0	0	0	0	0	0	0
? General And Administrative Expenses	48,667	70,909	67,940	72,665	87,822	106,795	103,262	84,718	77,402	5,436
? Selling And Marketing Expenses	1,924	2,599	3,595	3,333	3,705	3,390	3,644	3,916	3,711	3,332
? Operating Expenses	-59,423	-93,707	-87,664	-90,441	-141,638	-190,927	-145,864	10,038	166,352	8,768
? Net Interest Income	0	0	0	0	0	0	0	0	0	125,652
? Interest Income	66,800	74,756	90,284	115,708	154,784	148,558	143,895	171,930	244,288	271,408
? Interest Expense	14,575	13,761	15,936	26,778	45,722	28,492	12,525	22,944	117,017	145,756
? Depreciation And Amortization	3,333	2,640	2,980	3,947	6,738	5,676	5,618	4,816	4,600	4,492
? EBITDA	0	0	20,086	0	0	48,047	70,238.999	56,597	20,626	0
? EBIT										-4,492
? Operating Income	22,902	22,989	32,988	40,985	22,676	58,009	80,452	84,673	26,786	262,640
? Income Before Tax	8,327	9,228	17,052	14,207	22,676	58,009	80,452	61,729	25,125	34,257
? Income Tax Expense	2,559	3,297	6,673	2,813	4,408	13,217	21,935	16,140	9,048	6,850
? Net Income From Continuing Operations										27,407
? Net Income	5,768	5,931	10,379	11,394	18,268	44,792	58,517	45,589	16,077	27,407
? EPS (Earnings Per Share)	0.100	0.100	0.190	0.200	0.330	0.820	1.150	0.980	0.370	0.660
? EPS Diluted	0.100	0.100	0.190	0.200	0.330	0.820	1.140	0.970	0.370	0.660
? Weighted Average Shares Outstanding	57,669.827	55,645.206	56,067.320	56,688.598	55,731.637	54,313.368	50,746.302	46,483.664	43,221.738	41,220.885
? Weighted Average Shares Outstanding Diluted	57,669.827	57,669.827	56,068.289	56,689.591	55,731.776	54,319.835	51,523.135	47,118.457	43,419.622	41,472.106
	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD

Balance Sheet

(* All numbers are in thousands)

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
? Cash And Cash Equivalents	40,652	50,215	80,791	105,521	211,616	205,870	194,719	98,017	227,350	44,090
? Short Term Investments	128,541	136,469	170,853	209,293	239,473	276,498	394,036	301,149	290,151	186,981
? Cash And Short Term Investments	169,193	186,684	251,644	314,814	451,089	482,368	588,755	399,166	227,350	231,071
? Net Receivables	4,920	5,603	6,545	9,996	9,807	11,874	10,624	15,139	18,169	18,393
? Accounts Receivables										18,393
? Inventory	0	0	0	0	-230,678	-218,339	-206,277	-113,156	0	0
? Total Current Assets	1,919,784	2,205,853	2,408,122	3,241,411	460,896	494,242	599,379	414,305	245,519	249,464
? Property Plant Equipment Net	24,606	24,193	24,487	57,045	47,951	49,580	50,745	49,045	71,649	46,253
? Goodwill	13,365	13,585	13,497	70,088	69,802	69,802	69,802	69,802	59,042	59,042
? Intangible Assets	13,267	20,333	21,092	30,596	23,185	29,203	41,432	50,410	47,626	757
? Long Term Investments	192,120	184,346	217,722	253,981	265,845	276,498	394,036	321,098	309,947	0
? Total Non Current Assets	243,358	242,457	276,798	411,710	406,783	425,083	556,015	490,355	5,422,029	106,052
? Total Assets	2,163,142	2,448,310	2,684,920	3,653,121	4,058,921	4,483,615	4,553,405	5,359,545	5,667,896	5,753,133
? Account Payables	546	545	518	1,611	1,669	1,262	1,083	2,325	5,251	6,575
? Short Term Debt	0	80,000	44,000	290,000	183,000	35,000	0	385,000	303,000	0
? Deferred Revenue	0	-961,625	-1,116,692	-1,317,061	0	0	-2,056	0	0	0
? Total Current Liabilities	546	80,545	44,518	291,611	184,669	36,262	1,083	387,325	2,250,752	6,575
? Long Term Debt	249,598	195,119	246,365	263,735	118,039	148,130	89,870	49,960	265,462	304,555
? Deferred Revenue Non Current	-1,767,175	-52,930	-47,327	-68,710	194,360	0	0	0	0	0
? Deferred Tax Liabilities Non Current	989	13,876	9,994	11,959	10,679	0	0	0	0	0
? Total Non Current Liabilities	250,587	195,119	246,365	263,735	205,039	148,130	89,870	387,325	5,084,137	304,555
? Total Liabilities	1,972,454	2,118,926	2,341,436	3,295,547	3,393,127	3,787,301	3,874,144	4,742,569	5,084,137	5,178,122
? Treasury Stock										0
? Preferred Stock	0	0	0	0	0	0	0	0	0	0
? Common Stock	0	321	327	327	584	584	585	596	598	598
? Retained Earnings	191,280	197,211	207,590	219,088	237,356	277,312	325,699	356,438	359,656	373,861
? Additional Paid In Capital										0
? Total Stockholders Equity	190,688	329,384	343,484	357,574	665,794	696,314	679,261	616,976	583,759	575,011
? Total Equity	190,688	329,384	343,484	357,574	665,794	696,314	679,261	616,976	583,759	575,011
? Minority Interest	0	0	0	0	0	0	0	0	0	0
? Total Liabilities And Total Equity	2,163,142	2,448,310	2,684,920	3,653,121	4,058,921	4,483,615	4,553,405	5,359,545	5,667,896	5,753,133
? Total Investments	320,661	320,815	388,575	463,274	505,318	552,996	788,072	622,247	600,098	186,981
? Total Debt	249,598	275,119	290,365	553,735	388,039	183,130	89,870	434,960	568,462	516,555
? Net Debt	208,946	224,904	209,574	448,214	176,423	-22,740	-104,849	336,943	341,112	-44,090
	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD

Cash Flow Statement

(* All numbers are in thousands)

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
? Net Income	5,768	5,931	10,379	11,394	18,268	44,792	58,517	45,589	16,077	27,407
? Depreciation And Amortization	3,333	2,708	3,034	3,989	6,767	5,676	5,618	4,816	4,600	0
? Deferred Income Tax	1,139	-1,262	-698	-1,140	-556	-3,614	6,427	3,162	-1,778	31
? Stock Based Compensation	0	951	3,239	5,690	7,504	5,782	6,954	6,583	4,669	377
? Change In Working Capital	15,970	-17,540	22,610	38,316	-76,131	-2,142	9,605	-11,375	15,608	0
? Accounts Receivables	0	0	0	0	0	0	0	0	0	0
? Inventory	0	0	0	0	0	0	0	0	0	0
? Accounts Payables	0	0	0	0	0	0	0	0	0	0
? Net Cash Provided By Operating Activities	29,358	-4,315	43,875	61,165	-36,127	-26,952	224,295	68,899	53,508	13,537
? Investments In Property Plant And Equipment	-1,486	-2,138	-3,186	-5,545	-4,434	-5,741	-6,458	-2,265	-4,481	0
? Acquisitions Net	-18,618	-263,625	-202,819	-73,987	99	-323,554	-110,253	0	0	0
? Purchases Of Investments	-52,628	-43,708	-59,215	-67,687	-109,289	-191,560	-316,746	-36,051	-4,606	0
? Sales Maturities Of Investments	65,925	49,747	25,374	28,687	103,300	183,380	188,023	43,426	0	0
? Net Cash Provided By Investing Activities	0	0	0	0	0	0	0	0	0	1,121
? Net Debt Issuance	0	0	0	0	0	0	0	0	0	0
? Long Term Net Debt Issuance	0	0	0	0	0	0	0	0	0	39,093
? Short Term Net Debt Issuance	0	0	0	0	0	0	0	0	0	-91,000
? Net Stock Issuance	0	0	0	0	0	0	0	0	0	-21,548
? Net Dividends Paid	0	0	0	0	0	-3,258	-9,195	-12,188	-12,826	-13,108
? Common Dividends Paid										-13,108
? Preferred Dividends Paid	0	0	0	0	0	0	0	0	0	0
? Net Cash Provided By Financing Activities	37,875	268,267	224,138	179,468	371,056	340,058	5,605	786,417	272,538	-33,150
? Effect Of Forex Changes On Cash	0	0	0	0	0	0	0	0	0	0
? Net Change In Cash	-12,331	9,563	30,576	24,730	106,095	-5,746	-11,151	-96,702	129,333	-18,492
? Cash At End Of Period	40,652	50,215	80,791	105,521	211,616	205,870	194,719	98,017	227,350	15,827
? Cash At Beginning Of Period	52,983	40,652	50,215	80,791	105,521	211,616	205,870	194,719	98,017	34,319
? Operating Cash Flow	29,358	-4,315	43,875	61,165	-36,127	-26,952	224,295	68,899	53,508	13,537
? Capital Expenditure	-1,486	-2,138	-3,186	-5,545	-4,434	-5,741	-6,458	-2,265	-4,481	0
? Free Cash Flow	27,872	-6,453	40,689	55,620	-40,561	-32,693	217,837	66,634	49,027	13,537
	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD

Analyst Estimates

(* All numbers are in thousands)

Fiscal Year	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Estimated Revenue (Low)	101,470.042	125,890.385	141,581.075	255,781.332	231,379.563	225,506.027	170,335.192	171,043.653	182,557.663	187,656.650
Estimated Revenue (High)	152,205.063	188,835.579	212,371.612	260,689.501	235,819.489	233,891.053	170,878.921	171,446.346	185,914.336	221,034.881
Estimated Revenue (Avg)	126,837.553	157,362.982	176,976.344	257,680.999	233,098	229,109	170,612	171,245	184,236	200,054
Estimated Ebitda (Low)	28,134.199	42,423.538	58,138.628	67,850.346	76,895.503	63,253.519	75,962.482	30,985.233	33,071.042	33,994.744
Estimated Ebitda (High)	42,201.298	63,635.307	87,207.942	101,775.518	115,343.255	94,880.281	113,943.727	31,058.183	33,679.116	40,041.342
Estimated Ebitda (Avg)	35,167.749	53,029.423	72,673.285	84,812.932	96,119.379	79,066.900	94,953.105	31,021.708	33,375.079	36,240.572
Estimated Net Income (Low)	7,883.616	8,680.866	13,193.838	31,472.046	45,429.905	36,996.563	12,861.599	25,526.396	33,765.269	42,563.822
Estimated Net Income (High)	11,825.425	13,021.299	19,790.758	47,208.069	68,144.857	55,494.848	19,292.400	26,802.933	37,228.418	45,143.816
Estimated Net Income (Avg)	9,854.521	10,851.083	16,492.298	39,340.058	56,787.381	46,245.706	16,077	26,164.665	35,496.844	43,853.819
Estimated SGA Expense (Low)	62,787.024	80,724.010	80,727.541	90,821.866	92,463.910	85,215.479	102,422.206	82,130.020	87,658.701	90,107.082
Estimated SGA Expense (High)	94,180.537	121,086.016	121,091.312	136,232.799	138,695.866	127,823.220	153,633.312	82,323.381	89,270.475	106,134.305
Estimated SGA Expense (Avg)	78,483.781	100,905.013	100,909.427	113,527.333	115,579.888	106,519.350	128,027.759	82,226.701	88,464.588	96,059.916
Estimated EPS (Avg)	0.200	0.280	0.370	0.690	1.100	1.040	0.700	0.610	0.830	1.010
Estimated EPS (High)	0.210	0.290	0.370	0.700	1.120	1.070	0.710	0.620	0.860	1.040
Estimated EPS (Low)	0.200	0.280	0.360	0.680	1.090	1.020	0.680	0.590	0.780	0.980
Number of Analysts (Estimated Revenue)	17	18	12	10	1	1	2	3	2	2
Number of Analysts (Estimated EPS)	1	1	2	1	1	2	4	4	4	3

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Current Key Metrics

?	Revenue (TTM) :	308.872M	?	P/S (TTM) :	1.54
?	Net Income (TTM) :	27.407M	?	P/E (TTM) :	17.47
?	Enterprise Value (TTM) :	646.934M	?	EV/FCF (TTM) :	59.4
?	Dividend Yield (TTM) :	0.03	?	Payout Ratio (TTM) :	0.51
?	ROE (TTM) :	0.04	?	ROIC (TTM) :	0.02
?	Net Debt (TTM) :	495.148M	?	Debt/Equity (TTM) :	0.69
?	P/B (TTM) :	0.78	?	Current Ratio (TTM) :	0.05

Forward P/E Ratios

?

Forward P/E calculated based on:

Forward P/E 1Y	Forward P/E 2Y	Forward P/E 3Y	Forward P/E 4Y	Forward P/E 5Y
55.45	39.61	29.97	16.07	10.08

SWOT Analysis

No SWOT analysis available for this stock.

HONE

0.09

3.66

0.8

7.28

-6.59

8.72

31.25

Trading Metrics:

Open:	11.32	Previous Close:	11.08
Day Low:	11.05	Day High:	11.32
Year Low:	8.89	Year High:	14
Price Avg 50:	10.98	Price Avg 200:	11.8
Volume:	576953	Average Volume:	374149

HONE

HarborOne Bancorp, Inc.

About The Company

Revenue Segmentation

EPS

Earnings Call

Income Statement

Balance Sheet

Cash Flow Statement

Analyst Estimates

Current Key Metrics

Forward P/E Ratios

SWOT Analysis

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