Financial Services - Banks - Regional - NASDAQ - US
$ 99.48
-1.45 %
$ 794 M
Market Cap
12.95
P/E
Northeast Bank provides banking services to individual and corporate customers in Maine. The company's deposit products include demand deposit, NOW, money market, savings, certificate of deposit, and individual retirement accounts, as well as checking accounts. Its loan portfolio comprises residential mortgage loans; multi-family and other commercial real estate loans; commercial and industrial loans, such as term loans, lines of credit and equipment, and receivables financing; consumer loans comprising mobile home and overdraft, and deposit-secured loans; and small business administration loans. In addition, the company offers telephone banking, online banking and bill payment, mobile banking, cash management, and remote deposit capture services, as well as debit and credit card, ATM, electronic transfer, and check services.[ Read More ]
The intrinsic value of one NBN stock under the base case scenario is HIDDEN Compared to the current market price of 99.5 USD, Northeast Bank is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart NBN
FINANCIALS
264 M
REVENUE
89.4 M
OPERATING INCOME
58.2 M
NET INCOME
2.56 M
OPERATING CASH FLOW
-158 M
INVESTING CASH FLOW
200 M
FINANCING CASH FLOW
73.8 M
REVENUE
25.8 M
OPERATING INCOME
17.1 M
NET INCOME
2.67 M
OPERATING CASH FLOW
-703 M
INVESTING CASH FLOW
776 M
FINANCING CASH FLOW
Balance Sheet Decomposition
Northeast Bank
| Current Assets | 242 M |
| Cash & Short-Term Investments | 242 M |
| Receivables | 0 |
| Other Current Assets | 0 |
| Non-Current Assets | 2.95 B |
| Long-Term Investments | 56 M |
| PP&E | 27.1 M |
| Other Non-Current Assets | 2.86 B |
| Current Liabilities | 0 |
| Accounts Payable | 0 |
| Short-Term Debt | 0 |
| Other Current Liabilities | 0 |
| Non-Current Liabilities | 611 M |
| Long-Term Debt | 365 M |
| Other Non-Current Liabilities | 246 M |
EFFICIENCY
Earnings Waterfall
Northeast Bank
| Revenue | 264 M |
| Cost Of Revenue | 0 |
| Gross Profit | 264 M |
| Operating Expenses | 151 M |
| Operating Income | 89.4 M |
| Other Expenses | 31.1 M |
| Net Income | 58.2 M |
RATIOS
100.00%
GROSS MARGIN
33.88%
OPERATING MARGIN
22.08%
NET MARGIN
15.46%
ROE
1.86%
ROA
8.18%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Northeast Bank
| Net Income | 58.2 M |
| Depreciation & Amortization | 3.06 M |
| Capital Expenditures | -2.45 M |
| Stock-Based Compensation | 5.3 M |
| Change in Working Capital | -9.06 M |
| Others | -63.8 M |
| Free Cash Flow | 111 K |
Wall Street Analysts Price Targets
Northeast Bank
Wall Street analysts predict an average 1-year price target for NBN of $75.5 , with forecasts ranging from a low of $71 to a high of $80 .
NBN Lowest Price Target
Wall Street Target
71 USD
-28.63%
NBN Average Price Target
Wall Street Target
75.5 USD
-24.11%
NBN Highest Price Target
Wall Street Target
80 USD
-19.58%
4. DIVIDEND ANALYSIS
0.01%
DIVIDEND YIELD
0.01 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Northeast Bank
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
5 years ago
May 14, 2019
|
Bought 214 K USD
|
WAYNE RICHARD
President & CEO |
+ 10000
|
21.44 USD |
|
5 years ago
May 06, 2019
|
Bought 2.7 K USD
|
Lapointe Jean-Pierre
Chief Financial Officer |
+ 125
|
21.57 USD |
|
5 years ago
Jan 31, 2019
|
Bought 3.45 K USD
|
Lapointe Jean-Pierre
Chief Financial Officer |
+ 175
|
19.71 USD |
|
6 years ago
Aug 28, 2018
|
Bought 2.18 K USD
|
Lapointe Jean-Pierre
Chief Financial Officer |
+ 100
|
21.85 USD |
|
6 years ago
Aug 07, 2018
|
Bought 222 K USD
|
WAYNE RICHARD
President & CEO |
+ 10000
|
22.2 USD |
|
6 years ago
Aug 02, 2018
|
Bought 2.19 K USD
|
Lapointe Jean-Pierre
Chief Financial Officer |
+ 100
|
21.9 USD |
|
6 years ago
May 30, 2018
|
Bought 2.18 K USD
|
Lapointe Jean-Pierre
Chief Financial Officer |
+ 100
|
21.8 USD |
|
6 years ago
May 01, 2018
|
Bought 202 K USD
|
WAYNE RICHARD
President & CEO |
+ 10000
|
20.15 USD |
|
6 years ago
Apr 30, 2018
|
Bought 2 K USD
|
Lapointe Jean-Pierre
Chief Financial Officer |
+ 100
|
19.98 USD |
|
6 years ago
Feb 12, 2018
|
Bought 217 K USD
|
Tanner David Allen
Director |
+ 10000
|
21.68 USD |
|
6 years ago
Feb 01, 2018
|
Bought 2.22 K USD
|
Lapointe Jean-Pierre
Chief Financial Officer |
+ 100
|
22.25 USD |
|
8 years ago
Feb 22, 2016
|
Bought 4.21 K USD
|
MAGNOLIA CAPITAL FUND, LP
10 percent owner |
+ 431
|
9.77 USD |
|
8 years ago
Feb 19, 2016
|
Bought 791 K USD
|
MAGNOLIA CAPITAL FUND, LP
10 percent owner |
+ 80313
|
9.85 USD |
|
9 years ago
May 26, 2015
|
Bought 11.3 K USD
|
Bean Claire S
COO |
+ 1120
|
10.1199 USD |
|
9 years ago
May 20, 2015
|
Bought 38.8 K USD
|
Bean Claire S
COO |
+ 3880
|
10.0062 USD |
|
9 years ago
May 18, 2015
|
Bought 7.2 K USD
|
WAYNE RICHARD
President & CEO |
+ 720
|
10 USD |
|
9 years ago
May 15, 2015
|
Bought 98.4 K USD
|
WAYNE RICHARD
President & CEO |
+ 10000
|
9.8414 USD |
|
9 years ago
May 14, 2015
|
Bought 56.1 K USD
|
WAYNE RICHARD
President & CEO |
+ 5774
|
9.7121 USD |
|
9 years ago
May 13, 2015
|
Bought 22.4 K USD
|
WAYNE RICHARD
President & CEO |
+ 2300
|
9.7274 USD |
|
9 years ago
May 12, 2015
|
Bought 9.58 K USD
|
WAYNE RICHARD
President & CEO |
+ 1000
|
9.58 USD |
|
9 years ago
Nov 24, 2014
|
Bought 91.4 K USD
|
Orestis John C
Director |
+ 10000
|
9.1353 USD |
|
10 years ago
Aug 18, 2014
|
Bought 74 K USD
|
WAYNE RICHARD
President & CEO |
+ 7711
|
9.595 USD |
|
10 years ago
Aug 15, 2014
|
Bought 8.59 K USD
|
WAYNE RICHARD
President & CEO |
+ 906
|
9.4865 USD |
|
10 years ago
Aug 14, 2014
|
Bought 37.9 K USD
|
WAYNE RICHARD
President & CEO |
+ 4001
|
9.4775 USD |
|
10 years ago
Aug 13, 2014
|
Bought 108 K USD
|
WAYNE RICHARD
President & CEO |
+ 11352
|
9.4884 USD |
|
10 years ago
Aug 12, 2014
|
Bought 1.84 K USD
|
WAYNE RICHARD
President & CEO |
+ 200
|
9.225 USD |
|
10 years ago
Aug 12, 2014
|
Bought 5.49 K USD
|
WAYNE RICHARD
President & CEO |
+ 600
|
9.1418 USD |
|
10 years ago
Aug 08, 2014
|
Bought 2.13 K USD
|
WAYNE RICHARD
President & CEO |
+ 230
|
9.25 USD |
|
10 years ago
Apr 29, 2014
|
Bought 54.6 K USD
|
Orestis John C
Director |
+ 5700
|
9.5728 USD |
|
11 years ago
Aug 12, 2013
|
Bought 52.9 K USD
|
WALLINGFORD JUDITH E
Director |
+ 5000
|
10.5721 USD |
|
11 years ago
Aug 02, 2013
|
Bought 100 K USD
|
Orestis John C
Director |
+ 10000
|
10 USD |
|
11 years ago
Jun 05, 2013
|
Sell 532 K USD
|
BlackRock Inc.
director, other: See Remarks |
- 55952
|
9.5 USD |
|
11 years ago
Feb 07, 2013
|
Sell 530 K USD
|
BlackRock Inc.
director, other: See Remarks |
- 58894
|
9 USD |
|
11 years ago
Feb 07, 2013
|
Sell 316 K USD
|
BlackRock Inc.
director, other: See Remarks |
- 35106
|
9 USD |
|
12 years ago
May 17, 2012
|
Bought 4.04 K USD
|
Johnson Robert Stuart
CFO - Comm Banking Division |
+ 500
|
8.08 USD |
|
12 years ago
May 16, 2012
|
Bought 150 K USD
|
Orestis John C
Director |
+ 18750
|
8 USD |
|
12 years ago
May 16, 2012
|
Bought 500 K USD
|
Bean Claire S
CFO and COO |
+ 62500
|
8 USD |
|
12 years ago
May 16, 2012
|
Bought 350 K USD
|
GLAUBER ROBERT R
Director |
+ 43750
|
8 USD |
|
12 years ago
May 16, 2012
|
Bought 100 K USD
|
WALLINGFORD JUDITH E
Director |
+ 12500
|
8 USD |
|
12 years ago
May 16, 2012
|
Bought 1 M USD
|
WAYNE RICHARD
Chief Executive Officer |
+ 125000
|
8 USD |
|
13 years ago
May 06, 2011
|
Bought 6.99 K USD
|
Johnson Robert Stuart
CFO-Community Banking Division |
+ 500
|
13.98 USD |
|
13 years ago
Dec 29, 2010
|
Sell 238 K USD
|
Delamater James D
CEO-Community Banking Division |
- 17072
|
13.93 USD |
|
13 years ago
Dec 29, 2010
|
Bought 1 M USD
|
Bean Claire S
CFO and COO |
+ 71788
|
13.93 USD |
|
13 years ago
Dec 29, 2010
|
Bought 1.5 M USD
|
WAYNE RICHARD
Chief Executive Officer |
+ 107681
|
13.93 USD |
|
13 years ago
Dec 29, 2010
|
Bought 222 K USD
|
GLAUBER ROBERT R
Director |
+ 15963
|
13.93 USD |
|
14 years ago
Sep 14, 2010
|
Bought 1.68 K USD
|
Day James P
Director |
+ 134
|
12.5 USD |
|
14 years ago
Jun 18, 2010
|
Bought 8.16 K USD
|
Ayotte Conrad L
Director |
+ 653
|
12.5 USD |
|
14 years ago
Jun 17, 2010
|
Bought 8.42 K USD
|
Orestis John C
Director |
+ 653
|
12.9 USD |
|
14 years ago
Jun 10, 2010
|
Bought 19.7 K USD
|
Orestis John C
Director |
+ 1547
|
12.75 USD |
|
14 years ago
Jun 04, 2010
|
Bought 1.25 K USD
|
Ayotte Conrad L
Director |
+ 100
|
12.5 USD |
|
14 years ago
May 26, 2010
|
Bought 13.2 K USD
|
Ayotte Conrad L
Director |
+ 1060
|
12.5 USD |
|
14 years ago
May 25, 2010
|
Bought 5.46 K USD
|
Ayotte Conrad L
Director |
+ 437
|
12.5 USD |
|
14 years ago
May 21, 2010
|
Bought 1.34 K USD
|
Ayotte Conrad L
Director |
+ 107
|
12.5 USD |
|
14 years ago
May 19, 2010
|
Bought 4.69 K USD
|
Ayotte Conrad L
Director |
+ 375
|
12.5 USD |
|
14 years ago
May 17, 2010
|
Bought 125 USD
|
Ayotte Conrad L
Director |
+ 10
|
12.5 USD |
|
15 years ago
Dec 23, 2008
|
Bought 3.52 K USD
|
Day James P
Director |
+ 500
|
7.05 USD |
|
15 years ago
Dec 23, 2008
|
Bought 2.42 K USD
|
Day James P
Director |
+ 343
|
7.05 USD |
|
15 years ago
Dec 19, 2008
|
Bought 1.5 K USD
|
Delamater James D
President & CEO |
+ 200
|
7.5045 USD |
|
15 years ago
Dec 18, 2008
|
Bought 3.52 K USD
|
Day James P
Director |
+ 500
|
7.05 USD |
|
15 years ago
Dec 12, 2008
|
Bought 3.62 K USD
|
Delamater James D
President & CEO |
+ 500
|
7.24 USD |
|
15 years ago
Dec 12, 2008
|
Bought 36.2 K USD
|
Orestis John C
Director |
+ 5000
|
7.24 USD |
|
16 years ago
Oct 30, 2008
|
Bought 32.8 K USD
|
Orestis John C
Director |
+ 3400
|
9.65 USD |
|
16 years ago
Oct 28, 2008
|
Bought 15.2 K USD
|
Orestis John C
Director |
+ 1600
|
9.5 USD |
|
16 years ago
Oct 30, 2008
|
Bought 4.82 K USD
|
KELLY JUDITH
Director |
+ 500
|
9.65 USD |
|
16 years ago
Oct 28, 2008
|
Bought 4.9 K USD
|
KELLY JUDITH
Director |
+ 500
|
9.8 USD |
|
16 years ago
Oct 24, 2008
|
Bought 1.98 K USD
|
Delamater James D
President & CEO |
+ 200
|
9.88 USD |
|
16 years ago
Oct 03, 2008
|
Bought 900 USD
|
Johnson Robert Stuart
CFO |
+ 75
|
12 USD |
|
16 years ago
Aug 18, 2008
|
Bought 9.98 K USD
|
Orestis John C
Director |
+ 850
|
11.74 USD |
|
16 years ago
Aug 11, 2008
|
Bought 2.28 K USD
|
Johnson Robert Stuart
Chief Financial Officer |
+ 200
|
11.4 USD |
|
16 years ago
Apr 16, 2008
|
Bought 29 K USD
|
GOGVEN RONALD J
Director |
+ 2000
|
14.5 USD |
|
16 years ago
Feb 12, 2008
|
Bought 14.8 K USD
|
KELLY JUDITH
Director |
+ 1000
|
14.8 USD |
|
16 years ago
Jan 29, 2008
|
Bought 7.5 K USD
|
KELLY JUDITH
Director |
+ 500
|
15 USD |
|
16 years ago
Jan 22, 2008
|
Bought 3.3 K USD
|
Delamater James D
President & CEO |
+ 220
|
14.98 USD |
|
16 years ago
Dec 27, 2007
|
Bought 59.4 K USD
|
Ayotte Conrad L
Director |
+ 4000
|
14.85 USD |
|
16 years ago
Jan 04, 2008
|
Bought 7.33 K USD
|
Orestis John C
Director |
+ 500
|
14.66 USD |
|
16 years ago
Nov 26, 2007
|
Bought 1.61 K USD
|
Johnson Robert Stuart
Chief Financial Officer |
+ 100
|
16.15 USD |
|
16 years ago
Nov 26, 2007
|
Bought 6.3 K USD
|
Lazenby Pender J
Chief Risk Officer |
+ 400
|
15.75 USD |
|
17 years ago
Nov 20, 2007
|
Bought 1.61 K USD
|
Lazenby Pender J
Chief Risk Officer |
+ 100
|
16.14 USD |
|
17 years ago
Dec 05, 2006
|
Bought 668 USD
|
Johnson Robert Stuart
CFO |
+ 36
|
18.55 USD |
|
18 years ago
Oct 26, 2006
|
Bought 9.48 K USD
|
Lazenby Pender J
SVP Chief Risk Officer |
+ 500
|
18.97 USD |
|
18 years ago
Oct 26, 2006
|
Bought 2.42 K USD
|
Jackson Philip C
SVP |
+ 128
|
18.89 USD |
|
18 years ago
Oct 25, 2006
|
Bought 7.59 K USD
|
Delamater James D
President & CEO |
+ 400
|
18.97 USD |
|
18 years ago
Sep 01, 2006
|
Bought 208 USD
|
Johnson Robert Stuart
CFO |
+ 10
|
20.75 USD |
|
18 years ago
Jun 14, 2006
|
Bought 1.28 K USD
|
Johnson Robert Stuart
CFO |
+ 60
|
21.25 USD |
|
18 years ago
May 26, 2006
|
Sell 31.5 K USD
|
Delamater James D
President & CEO |
- 1500
|
21 USD |
|
18 years ago
Feb 06, 2006
|
Sell 120 K USD
|
Jackson Philip C
SVP |
- 5050
|
23.75 USD |
|
18 years ago
Feb 06, 2006
|
Sell 120 K USD
|
Jackson Philip C
SVP |
- 5050
|
23.75 USD |
|
18 years ago
Nov 30, 2005
|
Bought 2.24 K USD
|
Johnson Robert Stuart
CFO |
+ 100
|
22.45 USD |
|
18 years ago
Nov 30, 2005
|
Bought 1.57 K USD
|
Johnson Robert Stuart
CFO |
+ 70
|
22.45 USD |
|
19 years ago
Sep 07, 2005
|
Sell 48.8 K USD
|
GOGVEN RONALD J
Director |
- 2200
|
22.2 USD |
|
19 years ago
May 23, 2005
|
Sell 22.8 K USD
|
Johnson Robert Stuart
CFO |
- 1000
|
22.82 USD |
|
20 years ago
Aug 27, 2004
|
Sell 19 K USD
|
KELLY JUDITH
Director |
- 1000
|
19 USD |
|
20 years ago
Aug 27, 2004
|
Sell 38 K USD
|
Delamater James D
President/CEO |
- 2000
|
19 USD |
|
21 years ago
Oct 27, 2003
|
Sell 110 K USD
|
KENDALL RONALD C
Director |
- 6579
|
16.7 USD |
|
21 years ago
Oct 27, 2003
|
Sell 110 K USD
|
KENDALL RONALD C
Director |
- 6579
|
16.7 USD |
|
21 years ago
Oct 27, 2003
|
Sell 40.3 K USD
|
KENDALL RONALD C
Director |
- 2414
|
16.7 USD |
|
21 years ago
Oct 27, 2003
|
Sell 40.3 K USD
|
KENDALL RONALD C
Director |
- 2414
|
16.7 USD |
7. News
Northeast Bank (NBN) Q1 2025 Earnings Call Transcript
Northeast Bank (NASDAQ:NBN ) Q1 2025 Results Earnings Conference Call October 30, 2024 10:00 AM ET Company Participants Richard Wayne - President and Chief Executive Officer Patrick Dignan - Chief Operating Officer Richard Cohen - Chief Financial Officer Rebecca Rand - Senior Vice President, Director of Accounting Conference Call Participants Mark Fitzgibbon - Piper Sandler David Minkoff - DCM Asset Management Adam Wilkie - Pacific Ridge Capital Partners Operator Welcome to the Northeast Bank First Quarter FY 2025 Earnings Call. My name is Brie, and I will be your operator for today's call.
seekingalpha.com
- 1 week ago
Northeast Bank Reports First Quarter Results and Declares Dividend
PORTLAND, Maine, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN), a Maine-based full-service bank, today reported net income of $17.1 million, or $2.11 per diluted common share, for the quarter ended September 30, 2024, compared to net income of $15.2 million, or $2.01 per diluted common share, for the quarter ended September 30, 2023.
globenewswire.com
- 2 weeks ago
Northeast Bank Announces Dates for Fiscal 2025 First Quarter Earnings Results and Conference Call
PORTLAND, Maine, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN), a Maine-based full-service bank, announced today it will release its fiscal 2025 first quarter earnings results on Tuesday, October 29, 2024. Following the release, the Bank will host a conference call with a simultaneous webcast at 10:00 a.m. ET on Wednesday, October 30, 2024. The conference call will be hosted by Rick Wayne, President and Chief Executive Officer, Richard Cohen, Chief Financial Officer, and Pat Dignan, Chief Operating Officer.
globenewswire.com
- 3 weeks ago
Northeast Bank Announces Significant Loan Purchase Volume
PORTLAND, Maine, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN) announced today that since June 30, 2024, the Bank has purchased primarily commercial real estate loans in the amount of unpaid principal balance of $805 million. Because the purchases closed primarily late in the quarter, there will be minimal impact on earnings for the first fiscal quarter of 2025. The Bank has funded and intends to fund the purchase of these loans primarily relying on brokered deposits and Federal Home Loan Bank advances.
globenewswire.com
- 1 month ago
Northeast Bank: A Bit Pricey, But For A Reason
Northeast Bank is a small institution with high-quality assets and a focus on commercial loans, including smaller loans often overlooked by larger institutions. The bank has seen mixed performance in recent years, but net interest income has risen nicely due to a growth in loans on its books. Despite trading at a premium to book value, Northeast Bank's asset quality, balance sheet growth, and low uninsured deposit exposure makes it a decent prospect, warranting a soft 'buy' rating.
seekingalpha.com
- 3 months ago
Northeast Bank (NBN) Q4 2024 Earnings Call Transcript
Northeast Bank (NASDAQ:NBN ) Q4 2024 Earnings Conference Call August 1, 2024 10:00 AM ET Company Participants Richard Wayne - President, CEO & Director Richard Cohen - CFO Patrick Dignan - COO & EVP Conference Call Participants David Minkoff - DCM Asset Management Operator Welcome to the Northeast Bank Fourth Quarter Fiscal Year 2024 Earnings Call. My name is Steven, and I will be your operator for today's call.
seekingalpha.com
- 3 months ago
Northeast Bank Reports Fourth Quarter Results and Declares Dividend
PORTLAND, Maine, July 29, 2024 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN), a Maine-based full-service bank, today reported net income of $15.1 million, or $1.91 per diluted common share, for the quarter ended June 30, 2024, compared to net income of $12.1 million, or $1.61 per diluted common share, for the quarter ended June 30, 2023. Net income for the year ended June 30, 2024 was $58.2 million, or $7.58 per diluted common share, compared to $44.2 million, or $5.96 per diluted common share, for the year ended June 30, 2023.
globenewswire.com
- 3 months ago
Northeast Bank Announces Dates for Fiscal 2024 Fourth Quarter Earnings Results and Conference Call
PORTLAND, Maine, July 24, 2024 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN), a Maine-based full-service bank, announced today it will release its fiscal 2024 fourth quarter earnings results on Monday, July 29, 2024. Following the release, the Bank will host a conference call with a simultaneous webcast at 10:00 a.m. ET on Thursday, August 1, 2024. The conference call will be hosted by Rick Wayne, President and Chief Executive Officer, Richard Cohen, Chief Financial Officer, and Pat Dignan, Chief Operating Officer.
globenewswire.com
- 3 months ago
Northeast Bank Reports Third Quarter Results and Declares Dividend
PORTLAND, Maine, April 30, 2024 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN), a Maine-based full-service bank, today reported net income of $13.9 million, or $1.83 per diluted common share, for the quarter ended March 31, 2024, compared to net income of $12.5 million, or $1.69 per diluted common share, for the quarter ended March 31, 2023. Net income for the nine months ended March 31, 2024 was $43.1 million, or $5.67 per diluted common share, compared to $32.1 million, or $4.35 per diluted common share, for the nine months ended March 31, 2023.
globenewswire.com
- 6 months ago
Northeast Bank Announces Dates for Fiscal 2024 Third Quarter Earnings Results and Conference Call
PORTLAND, Maine, April 25, 2024 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN), a Maine-based full-service bank, announced today it will release its fiscal 2024 third quarter earnings results on Tuesday, April 30, 2024. Following the release, the Bank will host a conference call with a simultaneous webcast at 10:00 a.m. ET on Wednesday, May 1, 2024. The conference call will be hosted by Rick Wayne, President and Chief Executive Officer, Richard Cohen, Chief Financial Officer, and Pat Dignan, Chief Operating Officer.
globenewswire.com
- 6 months ago
Northeast Bank (NBN) Q2 2024 Earnings Call Transcript
Northeast Bank (NBN) Q2 2024 Earnings Call Transcript
seekingalpha.com
- 9 months ago
Northeast Bank Reports Second Quarter Results and Declares Dividend
PORTLAND, Maine, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN), a Maine-based full-service bank, today reported net income of $14.1 million, or $1.85 per diluted common share, for the quarter ended December 31, 2023, compared to net income of $11.3 million, or $1.54 per diluted common share, for the quarter ended December 31, 2022. Net income for the six months ended December 31, 2023 was $29.2 million, or $3.86 per diluted common share, compared to $19.6 million, or $2.65 per diluted common share, for the six months ended December 31, 2022. Results for the quarter and six months ended December 31, 2023 were negatively impacted by a deferred tax asset write-down of $957 thousand ($0.13 per diluted common share impact) due to a change in Massachusetts tax law regarding income tax apportionment.
globenewswire.com
- 9 months ago
8. Profile Summary
Northeast Bank NBN
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 794 M
Dividend Yield
0.01%
Description
Northeast Bank provides banking services to individual and corporate customers in Maine. The company's deposit products include demand deposit, NOW, money market, savings, certificate of deposit, and individual retirement accounts, as well as checking accounts. Its loan portfolio comprises residential mortgage loans; multi-family and other commercial real estate loans; commercial and industrial loans, such as term loans, lines of credit and equipment, and receivables financing; consumer loans comprising mobile home and overdraft, and deposit-secured loans; and small business administration loans. In addition, the company offers telephone banking, online banking and bill payment, mobile banking, cash management, and remote deposit capture services, as well as debit and credit card, ATM, electronic transfer, and check services. It operates a network of nine branches in Western, Central, and Southern Maine. Northeast Bank was founded in 1872 and is headquartered in Portland, Maine.
Contact
27 Pearl Street, Portland, ME, 04101
https://www.northeastbank.com
IPO Date
Aug. 19, 1987
Employees
194
Officers
Mr. Robert Banaski
Senior Vice President & Chief Retail Banking Officer
Ms. Heidi Jacques
Senior Vice President & Director of Human Resources
Rebecca Rand
Senior Vice President & Director of Accounting
Ms. Theresa Morrison
Managing Director of Real Estate
Mr. Brian Fenwick
Managing Director of Loan Underwriting
Mr. Richard Cohen
Chief Financial Officer
Mr. Patrick Dignan
Executive Vice President & Chief Operating Officer
Mr. Christopher P. Hickey
Managing Director of Asset Management
Ms. Julie A. Jenkins
Senior Vice President & Chief Information Officer
Mr. Richard N. Wayne
President, Chief Executive Officer & Director