HarborOne reports $46M annual profit amid mortgage banking slowdown

Nancy Lavin

01/27/2023

HarborOne-Bank-2 — HARBORONE BANCORP Inc. on Thursday reported a $45.6 million profit for 2022.

BROCKTON, Mass. – A slowdown in the mortgage banking business took a bite out of HarborOne Bancorp’s annual profits, which dropped 22.1% year over year. The parent company for HarborOne Bank on Thursday reported yearly earnings of $45.6 million, reflecting lower mortgage banking income along with a more aggressive approach to building credit reserves ahead…

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