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HarborOne Bancorp Declares Q3 2025 Dividend of $0.09 Per Share
ByAinvest
Thursday, Jul 31, 2025 8:04 am ET1min read
HarborOne Bancorp has declared a quarterly cash dividend of $0.09 per share, to be paid on September 15, 2025. The decision was made by the Board of Directors and applies to all shareholders of record as of September 3, 2025. The announcement comes as the company awaits the outcome of its merger with Eastern Bankshares, Inc.
HarborOne Bancorp, Inc. (NASDAQ: HONE) has announced a quarterly cash dividend of $0.09 per share, to be paid on September 15, 2025. The decision was made by the company's Board of Directors and applies to all shareholders of record as of September 3, 2025. This announcement comes as HarborOne Bancorp awaits the outcome of its merger with Eastern Bankshares, Inc. [1].The dividend follows a strong second quarter (Q2) 2025 performance, with earnings per share (EPS) rising to $0.20, surpassing analyst estimates by $0.01. Total revenue reached $45.44 million, and net interest margin improved to 2.52%, driven by higher prepayment fees and better deposit cost management. Noninterest income increased by 23.6% quarter-over-quarter, supported by mortgage banking activities, while deposits fell by $125.1 million [1].
However, the company's strategic outlook remains uncertain due to the ongoing merger process. The merger, announced on April 24, 2025, is expected to bring significant benefits, but successful completion is not guaranteed. Factors such as regulatory approvals, closing conditions, and economic conditions could impact the merger's outcome [2].
The dividend declaration reflects HarborOne Bancorp's commitment to shareholders despite the uncertainty surrounding the merger. The bank has suspended its share buyback program and reported $1.7 million in merger-related expenses. The near-term outlook will depend on the successful execution of the merger and the bank's ability to maintain credit quality while managing funding costs [1].
Investors should monitor developments in deposit flows, shifts in criticized and nonperforming loan balances, and additional communications regarding the merger process in upcoming quarters. The company's ability to attract and maintain deposits, as well as its strategic initiatives, will be crucial in navigating the competitive regional banking market [1].
References:
[1] https://www.mitrade.com/au/insights/news/live-news/article-8-988784-20250726
[2] https://www.stocktitan.net/news/HONE/harbor-one-bancorp-inc-declares-third-quarter-2025-s18mepdbyey4.html
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