Northeast Bank logo

Northeast BankNASDAQ: NBN

Profile

Country:

United States

IPO:

19 August 1987

Next earnings report:

30 January 2025

Last dividends:

12 November 2024

Next dividends:

N/A
$802.00 M
-5%vs. 3y high
55%vs. sector
-5%vs. 3y high
34%vs. sector
-5%vs. 3y high
73%vs. sector
-5%vs. 3y high
78%vs. sector

Price

after hours | 52 min ago
$97.73+$0.35(+0.36%)
$41.83 M$45.80 M
$41.83 M$17.11 M

Analysts recommendations

Institutional Ownership

NBN Latest News

Northeast Bank (NBN) Q1 2025 Earnings Call Transcript
seekingalpha.com03 November 2024 Sentiment: NEUTRAL

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.

Northeast Bank Reports First Quarter Results and Declares Dividend
globenewswire.com29 October 2024 Sentiment: POSITIVE

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.

Northeast Bank Announces Significant Loan Purchase Volume
globenewswire.com24 September 2024 Sentiment: POSITIVE

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.

Northeast Bank (NBN) Q4 2024 Earnings Call Transcript
seekingalpha.com02 August 2024 Sentiment: NEUTRAL

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.

Northeast Bank Reports Fourth Quarter Results and Declares Dividend
globenewswire.com29 July 2024 Sentiment: POSITIVE

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.

Northeast Bank Announces Dates for Fiscal 2024 Fourth Quarter Earnings Results and Conference Call
globenewswire.com24 July 2024 Sentiment: POSITIVE

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.

Northeast Bank Announces Dates for Fiscal 2024 Third Quarter Earnings Results and Conference Call
GlobeNewsWire25 April 2024 Sentiment: POSITIVE

Northeast Bank, a full-service bank based in Maine, will be releasing its fiscal third quarter earnings on April 30, 2024. A conference call with a simultaneous webcast will be held on May 1, 2024 at 10:00 a.m. ET, hosted by the Bank's President, CEO, CFO, and COO.

Northeast Bank: The Beal Banks And A Few Thoughts On Competitive Advantages In Commoditized Businesses
Seeking Alpha01 December 2023 Sentiment: POSITIVE

Northeast Bank has created great value for shareholders by buying commercial real estate loans at a discount in the secondary market. The bank's unconventional way of doing business gives it a competitive advantage in the commoditized banking industry. The success of other companies in commoditized sectors, such as Berkshire Hathaway's insurance business, shows that small tweaks to an established model can lead to phenomenal success.

Northeast Bank Announces Dates for Fiscal 2024 First Quarter Earnings Results and Conference Call
GlobeNewsWire18 October 2023 Sentiment: POSITIVE

PORTLAND, Maine, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN), a Maine-based full-service bank, announced today it will release its fiscal 2024 first quarter earnings results on Monday, October 23, 2023. Following the release, the Bank will host a conference call with a simultaneous webcast at 10:00 a.m. ET on Tuesday, October 24, 2023. The conference call will be hosted by Rick Wayne, President and Chief Executive Officer, JP Lapointe, Chief Financial Officer, and Pat Dignan, Chief Operating Officer.

Primer Series: Northeast Bank - Partnering With One Of The Best Bankers In America
Seeking Alpha15 June 2023 Sentiment: POSITIVE

Northeast Bank is a small regional bank in Maine, run by one of the best bankers in America in terms of track record. The analyst community is asleep at the wheel with the story of value creation over the past decade. However, NBN's recent loan purchases suggest the best is yet to come. NBN has identifiable advantages in its core business of buying loans at a discount in the secondary market. NBN's accordion-like balance sheet allows it to deploy capital opportunistically when needed.

What type of business is Northeast Bank?

Northeast Bank provides various banking services to individual and corporate customers in Maine. Its deposit products include demand deposit, NOW, money market, savings, certificate of deposit, and checking accounts. The company's 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; and consumer loans, including mobile home and overdraft, and deposit-secured loans. It also provides telephone banking, online banking and bill payment, mobile banking, and remote deposit capture services, as well as debit and credit card, ATM, electronic transfer, and check services. Northeast Bank was founded in 1872 and is headquartered in Portland, Maine.

What sector is Northeast Bank in?

Northeast Bank is in the Financial Services sector

What industry is Northeast Bank in?

Northeast Bank is in the Banks - Regional industry

What country is Northeast Bank from?

Northeast Bank is headquartered in United States

When did Northeast Bank go public?

Northeast Bank initial public offering (IPO) was on 19 August 1987

What is Northeast Bank website?

https://www.northeastbank.com

Is Northeast Bank in the S&P 500?

No, Northeast Bank is not included in the S&P 500 index

Is Northeast Bank in the NASDAQ 100?

No, Northeast Bank is not included in the NASDAQ 100 index

Is Northeast Bank in the Dow Jones?

No, Northeast Bank is not included in the Dow Jones index

When was Northeast Bank the previous earnings report?

No data

When does Northeast Bank earnings report?

The next expected earnings date for Northeast Bank is 30 January 2025