GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » HarborOne Bancorp Inc (NAS:HONE) » Definitions » Net Margin %

HarborOne Bancorp (HarborOne Bancorp) Net Margin % : -18.55% (As of Dec. 2023)


View and export this data going back to 2016. Start your Free Trial

What is HarborOne Bancorp Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. HarborOne Bancorp's Net Income for the three months ended in Dec. 2023 was $-7.1 Mil. HarborOne Bancorp's Revenue for the three months ended in Dec. 2023 was $38.3 Mil. Therefore, HarborOne Bancorp's net margin for the quarter that ended in Dec. 2023 was -18.55%.

The historical rank and industry rank for HarborOne Bancorp's Net Margin % or its related term are showing as below:

HONE' s Net Margin % Range Over the Past 10 Years
Min: 4.39   Med: 9.17   Max: 26.06
Current: 9.66


HONE's Net Margin % is ranked worse than
85.87% of 1458 companies
in the Banks industry
Industry Median: 25.41 vs HONE: 9.66

HarborOne Bancorp Net Margin % Historical Data

The historical data trend for HarborOne Bancorp's Net Margin % 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.

* Premium members only.

HarborOne Bancorp Net Margin % Chart

HarborOne Bancorp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.23 18.13 26.06 22.51 9.66

HarborOne Bancorp Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 19.87 17.27 16.99 20.14 -18.55

Competitive Comparison of HarborOne Bancorp's Net Margin %

For the Banks - Regional subindustry, HarborOne Bancorp's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


HarborOne Bancorp's Net Margin % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, HarborOne Bancorp's Net Margin % distribution charts can be found below:

* The bar in red indicates where HarborOne Bancorp's Net Margin % falls into.



HarborOne Bancorp Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

HarborOne Bancorp's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as

Net Margin=Net Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=16.077/166.352
=9.66 %

HarborOne Bancorp's Net Margin for the quarter that ended in Dec. 2023 is calculated as

Net Margin=Net Income (Q: Dec. 2023 )/Revenue (Q: Dec. 2023 )
=-7.111/38.333
=-18.55 %

* 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.


HarborOne Bancorp  (NAS:HONE) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


HarborOne Bancorp Net Margin % Related Terms

Thank you for viewing the detailed overview of HarborOne Bancorp's Net Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


HarborOne Bancorp (HarborOne Bancorp) Business Description

Traded in Other Exchanges
Address
770 Oak Street, Brockton, MA, USA, 02301
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 24 full-service branches located in Massachusetts and Rhode Island, one limited-service branch, and a commercial lending office in each of Boston, Massachusetts and Providence, Rhode Island.
Executives
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
David E. Tryder officer: Senior V. P. - CMO 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

HarborOne Bancorp (HarborOne Bancorp) Headlines

From GuruFocus

HarborOne Bancorp Inc's Dividend Analysis

By GuruFocus Research 10-13-2023

3 Fast-Growing Small Caps to Consider

By Alberto Abaterusso Alberto Abaterusso 02-01-2021

HarborOne Bancorp, Inc. Declares Third Quarter Cash Dividend

By Business Wire Business Wire 09-30-2021

HarborOne Bancorp, Inc. Announces 2023 Annual Meeting Information

By Business Wire Business Wire 02-03-2023