Financial Services -
Banks - Regional - NASDAQ - US
$ 84.47
2.23 %
$ 674 M
Market Cap
9.86
P/E
1. INTRINSIC VALUE
Balance Sheet
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
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
-15.95%
NBN Average Price Target
Wall Street Target
75.5 USD
-10.62%
NBN Highest Price Target
Wall Street Target
80 USD
-5.29%
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
7. News
Northeast Bank (NBN) Q2 2025 Earnings Call Transcript
Northeast Bank (NASDAQ:NBN ) Q2 2025 Earnings Conference Call February 7, 2025 10:00 AM ET Company Participants Richard Wayne - President and Chief Executive Officer Richard Cohen - Chief Financial Officer Patrick Dignan - Chief Operating Officer Conference Call Participants Mark Fitzgibbon - Piper Sandler & Co. Damon DelMonte - Keefe, Bruyette, & Woods, Inc. Operator Welcome to the Northeast Bank Second Quarter Fiscal Year 2025 Earnings Call. My name is Didi, and I will be your operator for today's call.
seekingalpha.com
- 2 months ago
Northeast Bank Reports Second Quarter Results and Declares Dividend
PORTLAND, Maine, Feb. 06, 2025 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN), a Maine-based full-service bank, today reported net income of $22.4 million, or $2.74 per diluted common share, for the quarter ended December 31, 2024, compared to net income of $14.1 million, or $1.85 per diluted common share, for the quarter ended December 31, 2023. Net income for the six months ended December 31, 2024 was $39.5 million, or $4.85 per diluted common share, compared to $29.2 million, or $3.86 per diluted common share, for the six months ended December 31, 2023.
globenewswire.com
- 2 months ago
Northeast Bank Announces Dates for Fiscal 2025 Second Quarter Earnings Results and Conference Call
PORTLAND, Maine, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN), a Maine-based full-service bank, announced today it will release its fiscal 2025 second quarter earnings results on Thursday, February 6, 2025. Following the release, the Bank will host a conference call with a simultaneous webcast at 10:00 a.m. ET on Friday, February 7, 2025. 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
- 2 months ago
Northeast Bank: High Performing Bank You Probably Never Heard Of
Northeast Bank, with a $750M market cap, delivers high teens ROE and trades at 1.9x book value, yet expects stronger results in 2025. The bank's growth is driven by book value accretion, efficient operations, and negligible credit losses, leading to high valuation multiples. Catalysts include ramped-up SBA lending, recent large Purchased Loans, and potential regulatory tailwinds, boosting EPS and valuation.
seekingalpha.com
- 3 months ago
Northeast Bank Announces Commencement of At-the-Market Offering of Voting Common Stock
PORTLAND, Maine, Dec. 09, 2024 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN) announced today that it has entered into an equity distribution agreement with Piper Sandler & Co. (“Piper Sandler”) and Keefe, Bruyette & Woods, Inc. (“KBW”) for the offer and sale from time to time of shares of its voting common stock having an aggregate offering price of up to $75,000,000.00 (the “Shares”) in an at-the-market offering. All of the Shares to be sold in the offering will be offered by the Bank.
globenewswire.com
- 4 months ago
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
- 5 months 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
- 5 months 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
- 5 months 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
- 6 months 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
- 8 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
- 8 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
- 8 months ago
8. Profile
Summary
Northeast Bank NBN
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 674 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. Brian Fenwick
Managing Director of Loan Underwriting
Ms. Theresa Morrison
Managing Director of Real Estate
Ms. Heidi Jacques
Senior Vice President & Director of Human Resources
Mr. Richard N. Wayne
President, Chief Executive Officer & Director
Mr. Patrick Dignan
Executive Vice President & Chief Operating Officer
Ms. Julie A. Jenkins
Senior Vice President & Chief Information Officer
Mr. Robert Banaski
Senior Vice President & Chief Retail Banking Officer
Rebecca Rand
Senior Vice President & Director of Accounting
Mr. Christopher P. Hickey
Managing Director of Asset Management
Mr. Richard Cohen
Chief Financial Officer