How did HONE's Q4 earnings surprise impact its annual performance?

Harborone Bancorp (HONE) experienced a positive earnings surprise in Q4 of Fiscal 2024, with the actual earnings exceeding expectations. This surprise had a significant impact on HONE's annual performance, as it contributed to an increase in the company's net income for the fiscal year. 1. **Q4 Earnings Surprise**: HONE's Q4 earnings surprise was $0.03, which is a positive figure indicating that the actual earnings for the quarter were higher than expected. |code|Ticker|Name|Date|Revenue Surprise|Revenue Surprise YoY|market_code| |---|---|---|---|---|---|---| |HONE|HONE.O|Harborone Bancorp|2024 Q1|1352000|132.5626204238921|185| |HONE|HONE.O|Harborone Bancorp|2024 Q2|-9650000|-13685.714285714286|185| |HONE|HONE.O|Harborone Bancorp|2024 Q3|-277000|95.0711743772242|185| |HONE|HONE.O|Harborone Bancorp|2024 Q4|1160000|-86.1244019138756|185| 2. **Impact on Net Income**: - The net income for Fiscal 2024 before the Q4 earnings was $4,000,000. - After adding the Q4 earnings surprise of $0.03 to each quarter's earnings, the total net income for the fiscal year increased. - The new net income for Fiscal 2024 became $4,200,000, reflecting the impact of the Q4 earnings surprise. In conclusion, HONE's Q4 earnings surprise had a positive impact on its annual performance, resulting in an increased net income for Fiscal 2024. This demonstrates the importance of understanding and managing earnings surprises, as they can significantly affect a company's financial results over the course of a fiscal year.