Northeast Bancorp Stock News

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 B...

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 end...

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 ...

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 a...

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 “Sh...

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 ...

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.

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...