HarborOne Bancorp Inc
HarborOne Bancorp, Inc. provides financial services to individuals, families, small and mid-size businesses, and municipalities. The company operates in two segments, HarborOne Bank and HarborOne Mortgage. It offers deposit products that include checking, NOW, money market, savings, and sweep accounts, and term certificate of deposit accounts; and lending products comprise commercial real estate,… Read more
HarborOne Bancorp Inc (HONE) - Net Assets
Latest net assets as of June 2025: $580.15 Million USD
Based on the latest financial reports, HarborOne Bancorp Inc (HONE) has net assets worth $580.15 Million USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($5.61 Billion) and total liabilities ($5.03 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $580.15 Million |
| % of Total Assets | 10.34% |
| Annual Growth Rate | 12.1% |
| 5-Year Change | -17.42% |
| 10-Year Change | 201.55% |
| Growth Volatility | 32.31 |
HarborOne Bancorp Inc - Net Assets Trend (2014–2024)
This chart illustrates how HarborOne Bancorp Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for HarborOne Bancorp Inc (2014–2024)
The table below shows the annual net assets of HarborOne Bancorp Inc from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $575.01 Million | -1.50% |
| 2023-12-31 | $583.76 Million | -5.38% |
| 2022-12-31 | $616.98 Million | -9.17% |
| 2021-12-31 | $679.26 Million | -2.45% |
| 2020-12-31 | $696.31 Million | +4.58% |
| 2019-12-31 | $665.79 Million | +86.20% |
| 2018-12-31 | $357.57 Million | +4.10% |
| 2017-12-31 | $343.48 Million | +4.28% |
| 2016-12-31 | $329.38 Million | +72.73% |
| 2015-12-31 | $190.69 Million | +3.94% |
| 2014-12-31 | $183.46 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to HarborOne Bancorp Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 103.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $373.86 Million | 65.02% |
| Common Stock | $598.00K | 0.10% |
| Other Comprehensive Income | $-49.90 Million | -8.68% |
| Other Components | $250.45 Million | 43.56% |
| Total Equity | $575.01 Million | 100.00% |
HarborOne Bancorp Inc Competitors by Market Cap
The table below lists competitors of HarborOne Bancorp Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Gujarat Narmada Valley Fertilizers and Chemicals Limited
NSE:GNFC
|
$396.41 Million |
|
Recticel SA/NV
F:RCZ
|
$396.43 Million |
|
SVOLDER AB B O.N.
F:SKD
|
$396.47 Million |
|
Guangdong Feinan Resources Recycling Co Ltd
SHE:301500
|
$396.55 Million |
|
Fitipower Integrated Technology Inc
TW:4961
|
$396.25 Million |
|
Shenzhen Sea Star Technology
SHE:002137
|
$396.25 Million |
|
Global Industrial Co
NYSE:GIC
|
$396.16 Million |
|
Shanxi Guoxin Energy Co Ltd A
SHG:600617
|
$396.16 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in HarborOne Bancorp Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 583,759,000 to 575,011,000, a change of -8,748,000 (-1.5%).
- Net income of 27,407,000 contributed positively to equity growth.
- Dividend payments of 13,108,000 reduced retained earnings.
- Share repurchases of 21,548,000 reduced equity.
- Other comprehensive income decreased equity by 6,273,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $27.41 Million | +4.77% |
| Dividends Paid | $13.11 Million | -2.28% |
| Share Repurchases | $21.55 Million | -3.75% |
| Other Comprehensive Income | $-6.27 Million | -1.09% |
| Other Changes | $4.77 Million | +0.83% |
| Total Change | $- | -1.50% |
Book Value vs Market Value Analysis
This analysis compares HarborOne Bancorp Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.87x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 3.80x to 0.87x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | $3.18 | $12.10 | x |
| 2015-12-31 | $3.31 | $12.10 | x |
| 2016-12-31 | $5.71 | $12.10 | x |
| 2017-12-31 | $6.13 | $12.10 | x |
| 2018-12-31 | $6.31 | $12.10 | x |
| 2019-12-31 | $11.95 | $12.10 | x |
| 2020-12-31 | $12.82 | $12.10 | x |
| 2021-12-31 | $13.18 | $12.10 | x |
| 2022-12-31 | $13.09 | $12.10 | x |
| 2023-12-31 | $13.44 | $12.10 | x |
| 2024-12-31 | $13.87 | $12.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently HarborOne Bancorp Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.77%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.74%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 10.01x
- Recent ROE (4.77%) is above the historical average (4.10%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 1.40% | 3.45% | 0.04x | 11.13x | $-15.78 Million |
| 2015 | 3.02% | 5.96% | 0.04x | 11.34x | $-13.30 Million |
| 2016 | 1.80% | 4.55% | 0.05x | 7.43x | $-27.01 Million |
| 2017 | 3.02% | 7.60% | 0.05x | 7.82x | $-23.97 Million |
| 2018 | 3.19% | 7.20% | 0.04x | 10.22x | $-24.36 Million |
| 2019 | 2.74% | 8.78% | 0.05x | 6.10x | $-48.31 Million |
| 2020 | 6.43% | 16.26% | 0.06x | 6.44x | $-24.84 Million |
| 2021 | 8.61% | 24.68% | 0.05x | 6.70x | $-9.41 Million |
| 2022 | 7.39% | 20.22% | 0.04x | 8.69x | $-16.11 Million |
| 2023 | 2.75% | 5.67% | 0.05x | 9.71x | $-42.30 Million |
| 2024 | 4.77% | 8.74% | 0.05x | 10.01x | $-30.09 Million |
Industry Comparison
This section compares HarborOne Bancorp Inc's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| HarborOne Bancorp Inc (HONE) | $580.15 Million | 1.40% | 8.67x | $396.28 Million |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |