HarborOne reports $10M Q2 profit as mortgage banking business slows

Nancy Lavin

07/27/2022

HARBORONE BANCORP Inc. on Wednesday reported a $10 million second-quarter profit. — HARBORONE BANCORP Inc. on Thursday reported a $45.6 million profit for 2022.

BROCKTON, Mass. – A slowdown in the mortgage banking business hurt HarborOne Bancorp Inc.’s quarterly profits, which fell 30% compared with a year ago, the company reported on Wednesday. The parent company for Harbor One Bank, which has eight branches in Rhode Island since it acquired Coastway Bancorp in 2018, reported $10 million in earnings…

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