HONE (HarborOne Bancorp) Credit Losses Provision : $9.8 Mil (As of Mar. 2025)

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What is HarborOne Bancorp Credit Losses Provision?

HarborOne Bancorp's credit losses provision for the three months ended in Mar. 2025 was $1.4 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2025 was $9.8 Mil.

HarborOne Bancorp's quarterly credit losses provision declined from Sep. 2024 ($5.9 Mil) to Dec. 2024 ($1.9 Mil) and declined from Dec. 2024 ($1.9 Mil) to Mar. 2025 ($1.4 Mil).

HarborOne Bancorp's annual credit losses provision increased from Dec. 2022 ($5.7 Mil) to Dec. 2023 ($5.7 Mil) and increased from Dec. 2023 ($5.7 Mil) to Dec. 2024 ($8.3 Mil).

HarborOne Bancorp Credit Losses Provision Historical Data

The historical data trend for HarborOne Bancorp's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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HarborOne Bancorp Credit Losses Provision Chart

HarborOne Bancorp Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Credit Losses Provision

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34.82

-7.26

5.66

5.68

8.28

HarborOne Bancorp Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Credit Losses Provision	Get a 7-Day Free Trial															-0.17	0.62	5.90	1.93	1.39

HarborOne Bancorp Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was $9.8 Mil.

HarborOne Bancorp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » HarborOne Bancorp Inc (NAS:HONE) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

770 Oak Street, Brockton, MA, USA, 02301

Website

https://www.harborone.com

HarborOne Bancorp Inc is a bank holding company. The company is engaged in providing financial services like accepting deposits, lending loans, online and mobile banking, cash management, credit cards, money market accounts, and wealth management. The Company has two reportable segments: HarborOne Bank and HarborOne Mortgage. The bank provides financial services to individuals and businesses online and through its full-service branches located in Massachusetts and Rhode Island, one limited-service branch, and a commercial lending office in Boston, Massachusetts, and Providence, Rhode Island.

Executives

David E. Tryder	officer: Senior V. P. - CMO	C/O HARBORONE BANCORP, INC., 770 OAK STREET, BROCKTON MA 02301
Joseph F Casey	officer: President & COO	C/O HARBORONE BANCORP, INC., 770 OAK STREET, BROCKTON MA 02301
Michael James Sullivan	director, officer: Chairman of the Board	C/O HARBORONE BANCORP, INC., 770 OAK STREET, BROCKTON MA 02301
Linda Simmons	officer: Senior V.P., CFO	6 VALLEY DRIVE, SOUTH DARTMOUTH MA 02748
Brent W. Grable	officer: SVP, CHIEF INFORMATION OFFICER	HARBORONE BANCORP, INC., 770 OAK STREET, BROCKTON MA 02301
Susan Bugnacki Stewart	officer: CHIEF HUMAN RESOURCES OFFICER	C/O HARBORONE BANCORP, INC., 770 OAK STREET, BROCKTON MA 02301
Gordon Jezard	director	C/O HARBORONE BANCORP, INC., 770 OAK STREET, BROCKTON MA 02301
Joseph E. Mcquade	officer: Chief Enterprise Risk Officer	C/O HARBORONE BANCORP, INC., 770 OAK STREET, BROCTON MA 02301
Anne H. Margulies	director	C/O HENRY SCHEIN, INC., 135 DURYEA ROAD, MELVILLE NY 11747
James W. Blake	director, officer: CEO & Secretary	C/O HARBORONE BANCORP, INC., 770 OAK STREET, BROCKTON MA 02301
Barry R. Koretz	director	C/O HARBORONE BANCORP, INC., 770 OAK STREET, BROCKTON MA 02301
Andreana Santangelo	director	C/O HARBORONE BANCORP, INC., 770 OAK STREET, BROCKTON MA 02301
Kevin M. Hamel	officer: Chief Information Officer	C/O HARBORONE BANCORP, INC., 770 OAK STREET, BROCKTON MA 02301
Inez Friedman-boyce	officer: General Counsel	C/O HARBORONE BANCORP, INC., 770 OAK STREET, BROCKTON MA 02301
Mark T Langone	officer: SVP-Chief Enterprise Risk Off