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Harborone Bank

Brockton, MA · Cert 59070

FDIC · 33 branches

Q3 2025

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets in the Boston-Cambridge-Newton, MA-NH area3

Basis

Quarter: Q3 2025, the quarter ended September 30, 2025, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks $1B-$10B in assets in the Boston-Cambridge-Newton, MA-NH area (n=28). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

14

Q2 2024Q3 2025peer median (50)

Asset Quality

15

Q2 2024Q3 2025peer median (50)

Profitability

30

Q2 2024Q3 2025peer median (50)

Liquidity

67

Q2 2024Q3 2025peer median

Efficiency

46

Q2 2024Q3 2025peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Harborone Bank

Brockton, MA · Cert 59070

FDIC · 33 branches

Q3 2025

$5.6BAssets
$4.8BLoans
$4.5BDeposits
$544.6MEquity
Loan mix
90%RE $4.1B10%C&I $0.4B0%Consumer $0.0BQ3 2024Q3 2025
Deposit mix
84%Interest-bearing $3.7B16%Noninterest $0.7BQ3 2024Q3 2025

NIM

4.22%Q3 ’234.68%Q3 ’244.61%Q3 ’25-8%+7%

Non-interest income vs. expense

2.26%Q3 ’232.26%Q3 ’242.34%Q3 ’25-1%+3%

Market Position · Boston-Cambridge-Newton, MA-NH · 2025 SOD (annual) · 0.6% share · #18 of 107 inst. · $3.1B of $536.6B

12.5% Plymouth
4.0% Bristol
1.1% Norfolk
1.5% Providence

Executive Summary

  • Earnings: ROA of 0.44%, up 1 bps year over year; NIM at 2.34%.
  • Asset quality: problem loans at 1.18% of loans (+60 bps YoY), with net charge-offs at 0.46%.
  • Capital: tier 1 leverage ratio of 9.41%, up 35 bps from a year ago.
  • Funding: loans stand at 107.40% of deposits as of Q3 2025.

Financial Results

Return on Assets (YTD, annualized)

0.44%+1 bps YoY

Net Interest Margin (YTD, annualized)

2.34%+16 bps YoY

Efficiency Ratio (YTD, annualized)

73.48%-215 bps YoY

Tier 1 Leverage Ratio

9.41%+35 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025YoY ΔTrend
Earnings
Return on Assets0.43%0.48%0.39%0.51%0.44%+1 bps
Return on Equity4.64%5.16%4.17%5.36%4.64%0 bps
Net Interest Margin2.18%2.19%2.21%2.30%2.34%+16 bps
Efficiency Ratio75.63%74.71%78.81%75.49%73.48%-215 bps
Non-Interest Burden1.45%1.42%1.59%1.54%1.49%+4 bps
Growth
Asset Growth (YoY)1.97%1.47%-2.69%-3.07%-2.62%-459 bps
Loan Growth (YoY)3.53%2.50%0.99%-2.56%-2.42%-595 bps
Deposit Growth (YoY)2.39%3.26%4.76%0.65%-2.26%-465 bps
Asset Quality
Nonperforming Loans / Loans0.58%0.60%0.64%0.69%1.18%+60 bps
Net Charge-Offs / Loans0.01%0.01%0.72%0.44%0.46%+45 bps
Allowance / Loans1.10%1.15%1.02%1.01%1.05%-5 bps
Allowance Coverage of NPLs1.9x1.9x1.6x1.5x0.9x-1.0x
Capital
Tier 1 Leverage Ratio9.07%9.19%9.20%9.30%9.41%+35 bps
Total Risk-Based Capital12.01%12.25%12.18%12.45%12.48%+47 bps
Equity / Assets9.39%9.35%9.44%9.63%9.68%+29 bps
Liquidity & Funding
Loans / Deposits107.58%106.87%104.25%105.27%107.40%-18 bps
Liquid Assets / Assets3.54%3.62%3.60%3.12%3.00%-54 bps
CRE / Total Capitaln/an/an/an/a443%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Harborone Bank

Brockton, MA · Cert 59070 · Peer group: banks $1B-$10B in assets in the Boston-Cambridge-Newton, MA-NH area (n=28)

FDIC · 33 branches

Q3 2025

$5.6BAssets
$4.8BLoans
$4.5BDeposits
$544.6MEquity

Executive Summary

  • Strongest standing: efficiency ratio outperforms 46% of banks $1B-$10B in assets in the Boston-Cambridge-Newton, MA-NH area (rank 16 of 28).
  • Widest gap: total risk-based capital ratio trails 89% of banks $1B-$10B in assets in the Boston-Cambridge-Newton, MA-NH area (rank 25 of 28).
  • Overall: at or above the peer median on 0 of 10 directional measures.

Return on Assets

0.45%

Rank 20 of 28

Net Interest Margin

2.34%

Rank 18 of 28

Efficiency Ratio

73.90%

Rank 16 of 28

Equity / Assets

9.68%

Rank 22 of 28

Non-interest income vs. expense

$48.2M$132.1MINCOMEEXPENSE
Unfavorable gap of $83.9M · efficiency ratio beats 46% of banks $1B-$10B in assets in the Boston-Cambridge-Newton, MA-NH area
Bank 73.90%Peer median 73.9%Q2 2024Q3 2025Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.45%0.44%0.70%1.00%Beats 29%20 / 28
Return on Equity4.61%4.61%6.07%8.11%Beats 25%21 / 28
Net Interest Margin2.34%2.25%2.56%3.28%Beats 36%18 / 28
Efficiency Ratio73.90%60.44%73.86%76.72%Beats 46%16 / 28
Asset Quality
Nonperforming Loans / Loans1.18%0.21%0.50%0.77%Beats 18%24 / 28
Net Charge-Offs / Loans0.35%0.00%0.01%0.10%Beats 11%26 / 28
Capital
Tier 1 Capital Ratio11.34%13.02%14.18%16.41%Beats 11%25 / 28
Total Risk-Based Capital Ratio12.48%13.94%14.88%17.05%Beats 11%25 / 28
Equity / Assets9.68%9.70%11.02%13.40%Beats 21%22 / 28
Liquidity & Funding
Loans / Deposits107.40%95.79%102.11%107.40%75th pctl7 / 28
Loans / Assets85.11%77.96%80.54%85.11%75th pctl7 / 28
Brokered Deposits / Deposits7.11%n/a6.14%11.95%Beats 46%16 / 28