Financial Performance - Net income for Q3 2024 was $3.9 million, or $0.10 per diluted share, down from $7.3 million, or $0.18 per diluted share in Q2 2024, and $8.4 million, or $0.20 per diluted share in Q3 2023[1]. - Net income for the nine months ended September 30, 2024, was $18,520,000, a decrease of 20.1% compared to $23,188,000 in the same period of 2023[11]. - Earnings per common share (basic) for the nine months ended September 30, 2024, was $0.45, down from $0.53 in the previous year[11]. - Net income, excluding goodwill impairment charge, for September 30, 2024, was $3,924,000, a decrease from $7,296,000 in June 30, 2024[15]. - Total revenue for September 30, 2024, was $42,461,000, compared to $43,269,000 in June 30, 2024, reflecting a decline of 1.87%[15]. Loan and Deposit Growth - Loan growth was $40.3 million, or 3.3% annualized, while client deposit growth was $89.5 million, or 8.8% annualized[2]. - Total loans increased to $4,860,168 thousand, up from $4,805,284 thousand, reflecting a growth of 1.14%[12]. - Total deposits increased to $4,536,177 thousand from $4,458,297 thousand in the previous quarter, reflecting a growth of approximately 1.75%[9]. - Total deposits, including demand deposits, rose to $4,451,242 thousand, an increase from $4,329,347 thousand, representing a growth of 2.82%[12]. - Commercial loans totaled $3,141,445 thousand, up from $3,113,850 thousand in June 2024, indicating an increase of about 0.89%[9]. Income and Expenses - Total noninterest income decreased by $1.4 million, or 11.3%, to $10.6 million in Q3 2024, primarily due to a decline in mortgage banking income[3]. - Total noninterest expenses increased to $97,162,000, reflecting a 2.2% rise from $95,106,000 in the prior year[11]. - Total noninterest expense decreased by $876,000, or 2.6%, to $32.3 million in Q3 2024, driven by a reduction in marketing expenses[5]. - Total adjusted noninterest expense, excluding goodwill impairment, was $32,078,000 for September 30, 2024, compared to $32,955,000 in June 30, 2024[15]. Asset and Equity Position - Total assets decreased by $11.1 million, or 0.2%, to $5.78 billion at September 30, 2024, reflecting a decrease in cash and cash equivalents[6]. - Total stockholders' equity increased by 1.2% to $584.2 million at September 30, 2024, as unrealized losses on available-for-sale securities decreased[6]. - Total stockholders' equity increased to $584,202 thousand from $577,329 thousand in the previous quarter, reflecting a growth of approximately 1.5%[9]. - The tangible-common-equity-to-tangible-assets ratio was 9.17% at September 30, 2024, indicating a strong capital position exceeding regulatory requirements[6]. Credit Quality - Total nonperforming assets rose to $28.4 million at September 30, 2024, compared to $9.8 million at June 30, 2024, primarily due to a single $17.2 million credit[6]. - The provision for credit losses was $5.9 million in Q3 2024, with a specific reserve allocation of $4.7 million for the aforementioned credit[6]. - The allowance for credit losses on loans was $54,004 thousand, resulting in net loans of $4,825,499 thousand[9]. - Provision for credit losses rose to $6,350,000, an increase of 26.1% compared to $5,036,000 in the previous year[11]. - The allowance for credit losses on loans to total loans was 1.11% as of September 30, 2024, compared to 1.02% in June 30, 2024[16]. Efficiency and Ratios - The efficiency ratio improved to 75.55% for September 30, 2024, down from 76.16% in June 30, 2024[15]. - The efficiency ratio excluding goodwill impairment charge was not specified but is considered useful for evaluating financial condition[8]. - The ratio of interest-earning assets to interest-bearing liabilities was 124.89%, slightly up from 124.16%[12]. - Tangible common equity to tangible assets ratio was 9.17% as of September 30, 2024, compared to 9.03% in June 30, 2024[17]. Segment Performance - Net interest and dividend income for HarborOne Bank segment increased to $31,780 thousand in September 2024, up from $31,098 thousand in June 2024, representing a growth of 2.2%[18]. - Total noninterest income for HarborOne Bank segment was $6,665 thousand in September 2024, a decrease from $7,156 thousand in June 2024, reflecting a decline of 6.9%[18]. - Income before income taxes for HarborOne Bank segment was $5,790 thousand in September 2024, down from $9,848 thousand in June 2024, a decline of 41.5%[18]. - Net income for HarborOne Mortgage segment was a loss of $1,137 thousand in September 2024, compared to a loss of $191 thousand in June 2024[19]. - Closed loan volume for HarborOne Mortgage segment increased to $209,525 thousand in September 2024 from $172,994 thousand in June 2024, a growth of 21.1%[19].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-38955 HarborOne Bancorp, Inc. (Exact name of registrant as specified in its charter) Massachusetts (State or other jurisdiction of 81-1607465 inc ...

Core Viewpoint - HarborOne Bancorp (HONE) shows a significant improvement in earnings outlook, making it an attractive investment option as analysts continue to raise their earnings estimates [1][2] Earnings Estimate Revisions - Current-quarter earnings estimate is $0.18 per share, reflecting a -10% change from the previous year, but has increased by 7.58% over the last 30 days due to three upward revisions [4] - For the full year, the earnings estimate stands at $0.68 per share, representing a +9.68% change from the year-ago figure, with a 5.47% increase in consensus estimates driven by three upward revisions [5] Analyst Sentiment - There is strong agreement among analysts in revising earnings estimates upward, leading to a Zacks Rank 2 (Buy) for HarborOne Bancorp, indicating positive sentiment and potential for outperformance [3][6] Stock Performance - HarborOne Bancorp shares have increased by 18.6% over the past four weeks, suggesting investor confidence in the company's earnings growth prospects [7]

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: HarborOne Bancorp (HONE) - HONE currently holds a Momentum Style Score of A, indicating strong momentum potential [2][3] - Over the past week, HONE shares increased by 7.78%, outperforming the Zacks Banks - Northeast industry, which rose by 4.74% [4] - In a longer timeframe, HONE's monthly price change of 22.82% is significantly better than the industry's 14.15% performance [4] Trading Volume - HONE's average 20-day trading volume is 132,511 shares, which serves as a bullish indicator when combined with rising stock prices [5] Earnings Estimates - Recent trends show that 2 earnings estimates for HONE have increased, while none have decreased, raising the consensus estimate from $0.64 to $0.66 over the past 60 days [12] - For the next fiscal year, 2 estimates have also moved upwards with no downward revisions [12] Performance Comparison - Over the past quarter, HONE shares have risen by 27.38%, and by 27.74% over the last year, significantly outperforming the S&P 500, which increased by 7.18% and 20.85% respectively [11] Investment Recommendation - Given the strong performance metrics and positive earnings outlook, HONE is rated as a 2 (Buy) stock, making it a promising candidate for investors seeking momentum opportunities [7][9]

HarborOne Bancorp, which belongs to the Zacks Banks - Northeast industry, posted revenues of $43.27 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 1.99%. This compares to year-ago revenues of $44.76 million. The company has topped consensus revenue estimates three times over the last four quarters. What's Next for HarborOne Bancorp? Ahead of this earnings release, the estimate revisions trend for HarborOne Bancorp: mixed. While the magnitude and direction of estimate rev ...

HarborOne Bancorp, Inc. Announces 2024 Second Quarter Results Selected Financial Highlights: Noninterest Income Total noninterest income improved $1.2 million, or 11.0%, to $11.9 million for the quarter ended June 30, 2024, from $10.7 million for the quarter ended March 31, 2024. HarborOne Mortgage, LLC ("HarborOne Mortgage") capitalized on the seasonal increase in residential real estate sales, with gain on loan sales of $3.1 million from mortgage closings of $173.0 million for the quarter ended June 30, 2 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-38955 HarborOne Bancorp, Inc. (Exact name of registrant as specified in its charter) Massachusetts 81-1607465 (State or other jurisdiction of (I ...

For the quarter ended March 2024, HarborOne Bancorp (HONE) reported revenue of $41.32 million, down 4.1% over the same period last year. EPS came in at $0.17, compared to $0.16 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $39.98 million, representing a surprise of +3.36%. The company delivered an EPS surprise of +30.77%, with the consensus EPS estimate being $0.13.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...

Exhibit 99.1 HarborOne Bancorp, Inc. Announces 2024 First Quarter Results Contact: Joseph F. Casey, President and CEO Brockton, Massachusetts (April 25, 2024): HarborOne Bancorp, Inc. (the "Company" or "HarborOne") (NASDAQ: HONE), the holding company for HarborOne Bank (the "Bank"), announced net income of $7.3 million, or $0.17 per diluted share, for the first quarter of 2024, compared to a net loss of $7.1 million, or $0.17 per diluted share for the preceding quarter, and net income of $7.3 million, or $0 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-38955 HarborOne Bancorp, Inc. (Exact name of registrant as specified in its charter) Massachusetts 81-1607465 (State or other jurisdiction of incorporation or o ...