HONE Overview

Earnings Performance: Fifth Third Bancorp (FITB) reported quarterly earnings of $0.93 per share, exceeding the Zacks Consensus Estimate of $0.87, and showing a year-over-year increase from $0.85. The company has consistently surpassed EPS estimates over the last four quarters.

Revenue and Market Outlook: The bank's revenues for the quarter reached $2.3 billion, slightly above expectations, while its stock has underperformed compared to the S&P 500 this year. The current Zacks Rank for FITB is #3 (Hold), indicating expected performance in line with the market.

Future Earnings Estimates: The consensus EPS estimate for the upcoming quarter is $1.02, with projected revenues of $2.33 billion. The outlook for the industry, where the Banks - Major Regional sector ranks in the top 21%, may significantly influence FITB's stock performance.

Investment Research Tools: Zacks Investment Research emphasizes the importance of earnings estimate revisions for stock performance and offers tools for investors, including a report on the best stocks to buy for the next 30 days.

Merger Announcement: Eastern Bankshares, Inc. and HarborOne Bancorp, Inc. announced the merger of HarborOne into Eastern, effective shortly after midnight on November 1, 2025, with a deadline for shareholders to elect their preferred merger consideration by October 28, 2025.

Merger Consideration Options: HarborOne shareholders can choose between receiving 0.765 shares of Eastern common stock, $12.00 in cash per share, or a combination of both, with specific allocation and proration procedures outlined in the Merger Agreement.

Merger Announcement: Eastern Bankshares, Inc. and HarborOne Bancorp, Inc. have received regulatory approvals for their merger, expected to close around November 1, 2025, creating a $30 billion community-focused organization.

Integration Plans: Following the merger, HarborOne Bank will operate as a division of Eastern Bank for approximately four months, with a full integration of banking systems planned for February 21, 2026.

Merger Announcement: Eastern Bankshares, Inc. and HarborOne Bancorp, Inc. announced the distribution of Election Materials to HarborOne shareholders, allowing them to choose between receiving Eastern common stock, cash, or a combination of both upon the completion of their merger.

Merger Details: The merger, which includes the Holdco Merger and Bank Merger, is expected to be effective on November 1, 2025, pending regulatory approvals and shareholder consent, with a deadline for shareholder elections set for October 28, 2025.

Dividend Announcement: HarborOne Bancorp, Inc. has declared a quarterly cash dividend of $0.09 per share, set to be paid on September 15, 2025, to shareholders recorded by September 3, 2025.

Forward-Looking Statements Warning: The company issued a caution regarding forward-looking statements, highlighting various risks and uncertainties that could lead to actual results differing from expectations, including economic conditions, loan defaults, and the pending merger with Eastern Bankshares, Inc.

Earnings Performance: HarborOne Bancorp (HONE) reported quarterly earnings of $0.23 per share, exceeding expectations and showing an increase from $0.18 per share a year ago, while revenues also surpassed estimates at $45.44 million.

Market Outlook: Despite underperforming compared to the S&P 500 this year, HarborOne's future stock performance will depend on management's commentary and earnings estimate revisions, currently holding a Zacks Rank #3 (Hold).