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Stock impact report

Northeast Bank Reports First Quarter Results and Declares Dividend

Northeast Bank (NBN) 
Last northeast bank earnings: 4/22 04:20 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.northeastbank.com
Company Research Source: GlobeNewswire
LEWISTON, Maine, Oct. 28, 2019 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN), a Maine-based full-service financial institution, today reported net income of $4.8 million, or $0.52 per diluted common share, for the quarter ended September 30, 2019, compared to net income of $4.5 million, or $0.49 per diluted common share, for the quarter ended September 30, 2018. The Board of Directors declared a cash dividend of $0.01 per share, payable on November 22, 2019, to shareholders of record as of November 8, 2019. “We started fiscal 2020 with a solid first quarter,” said Richard Wayne, Chief Executive Officer. “For the quarter, we earned $0.52 per diluted common share, a return on equity of 12.2%, a return on assets of 1.7%, and a net interest margin of 5.7%. Our Loan Acquisition and Servicing Group produced $69.2 million of loans, including originations of $40.6 million and purchases with an investment of $28.6 million during the quarter. Additionally, we began to re Show less Read more
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