HarborOne Bancorp Reports Earnings Beat

BROCKTON, Mass. (AP) – HarborOne Bancorp Inc. (HONE) announced fourth-quarter net income of $8.9 million on Thursday. The Brockton, Massachusetts-based bank reported earnings per share of 21 cents. Adjusted for non-recurring gains, earnings were 20 cents per share.

Analysts' consensus estimate had predicted earnings of 18 cents per share, according to Zacks Investment Research. The bank holding company's revenue for the period was $81.2 million, with net interest income totaling $45.5 million, both exceeding market expectations.

For the full year, HarborOne Bancorp reported $27.4 million in profit or 66 cents per share. Revenue for the year was $172.6 million.

For more information, investors can access a Zacks stock report on HONE at https://www.zacks.com/ap/HONE.