Northeast Bank Reports First Quarter Results and Declares Dividend
Northeast Bank (NBN)
Last northeast bank earnings: 4/22 04:20 pm
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US:NASDAQ Investor Relations:
investor.northeastbank.com
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Source: GlobeNewswire
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. The Board of Directors declared a cash dividend of $0.01 per share, payable on November 26, 2024, to shareholders of record as of November 12, 2024. “With $859.8 million of loan generation from our National Lending Division, we had our second largest quarterly loan volume in the Bank’s history, consisting of $732.9 million of purchases and $126.9 million of originations,” said Rick Wayne, Chief Executive Officer. “Our National Lending Division portfolio grew by $742.2 million, or 27.6%, over June 30, 2024. Our small balance SBA 7(a) program with Newity LLC as our loan service provider has gained real traction. For the qua
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News
- Northeast Bank (NASDAQ: NBN) is now covered by analysts at Keefe, Bruyette & Woods. They set a "market perform" rating and a $102.00 price target on the stock.MarketBeat
- Northeast Bank First Quarter 2025 Earnings: EPS: US$2.17 (vs US$2.03 in 1Q 2024) [Yahoo! Finance]Yahoo! Finance
- Northeast Bank Reports First Quarter Results and Declares Dividend [Yahoo! Finance]Yahoo! Finance
- Northeast Bank Announces Dates for Fiscal 2025 First Quarter Earnings Results and Conference CallGlobeNewswire
- Insiders Of Northeast Bank Are Up 37% On Their US$3.20m Purchase [Yahoo! Finance]Yahoo! Finance
NBN
Earnings
- 10/29/24 - Beat
NBN
Analyst Actions
- 11/21/24 - Keefe, Bruyette & Woods