Northeast Bank (NBN)

NASDAQ: NBN · Real-Time Price · USD
99.25
-2.63 (-2.58%)
Feb 21, 2025, 4:00 PM EST - Market closed
-2.58%
Market Cap 842.92M
Revenue (ttm) 172.13M
Net Income (ttm) 68.55M
Shares Out 8.49M
EPS (ttm) 8.60
PE Ratio 11.54
Forward PE 8.69
Dividend $0.04 (0.04%)
Ex-Dividend Date Feb 18, 2025
Volume 34,641
Open 103.06
Previous Close 101.88
Day's Range 98.95 - 103.06
52-Week Range 49.07 - 110.35
Beta 1.09
Analysts Buy
Price Target 97.50 (-1.76%)
Earnings Date Feb 6, 2025

About NBN

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 t... [Read more]

Sector Financials
Founded 1872
Employees 212
Stock Exchange NASDAQ
Ticker Symbol NBN
Full Company Profile

Financial Performance

In 2024, Northeast Bank's revenue was $152.68 million, an increase of 25.51% compared to the previous year's $121.66 million. Earnings were $58.23 million, an increase of 31.78%.

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for NBN stock is "Buy." The 12-month stock price forecast is $97.5, which is a decrease of -1.76% from the latest price.

Price Target
$97.5
(-1.76% downside)
Analyst Consensus: Buy
Stock Forecasts

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 Of...

14 days ago - Seeking Alpha

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 s...

16 days ago - GlobeNewsWire

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 r...

17 days ago - GlobeNewsWire

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 ope...

7 weeks ago - Seeking Alpha

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 ...

2 months ago - GlobeNewsWire

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 Ope...

3 months ago - Seeking Alpha

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 s...

4 months ago - GlobeNewsWire

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 re...

4 months ago - GlobeNewsWire

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 i...

5 months ago - GlobeNewsWire

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 ...

6 months ago - Seeking Alpha

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 C...

7 months ago - Seeking Alpha

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 s...

7 months ago - GlobeNewsWire

Northeast Bank Announces Dates for Fiscal 2024 Fourth Quarter Earnings Results and Conference Call

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 r...

7 months ago - GlobeNewsWire

Northeast Bank: Good Growth Prospects

Northeast Bank offers potential for above-average returns with a unique business model combining organic growth and purchasing loans at discounts. Anticipation of interest rate cuts is high, which cou...

7 months ago - Seeking Alpha

Northeast Bank Reports Third Quarter Results and Declares Dividend

PORTLAND, Maine, April 30, 2024 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN), a Maine-based full-service bank, today reported net income of $13.9 million, or $1.83 per diluted common ...

10 months ago - GlobeNewsWire

Northeast Bank Announces Dates for Fiscal 2024 Third Quarter Earnings Results and Conference Call

PORTLAND, Maine, April 25, 2024 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN), a Maine-based full-service bank, announced today it will release its fiscal 2024 third quarter earnings r...

10 months ago - GlobeNewsWire

Northeast Bank (NBN) Q2 2024 Earnings Call Transcript

Northeast Bank (NBN) Q2 2024 Earnings Call Transcript

1 year ago - Seeking Alpha

Northeast Bank Announces Dates for Fiscal 2024 Second Quarter Earnings Results and Conference Call

PORTLAND, Maine, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN), a Maine-based full-service bank, announced today it will release its fiscal 2024 second quarter earnings r...

1 year ago - GlobeNewsWire

Northeast Bank Announces Appointment of Chief Financial Officer

PORTLAND, Maine, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN), announced today the hiring of Richard Cohen, who will be appointed as Chief Financial Officer of the Bank,...

1 year ago - GlobeNewsWire

Northeast Bank: The Beal Banks And A Few Thoughts On Competitive Advantages In Commoditized Businesses

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 competi...

1 year ago - Seeking Alpha

Northeast Bank (NBN) Q1 2024 Earnings Call Transcript

Northeast Bank (NASDAQ:NBN) Q1 2024 Earnings Conference Call October 24, 2023 10:00 AM ET Company Participants Rick Wayne - President and Chief Executive Officer JP Lapointe - Chief Financial Officer...

1 year ago - Seeking Alpha

Northeast Bank Announces Dates for Fiscal 2024 First Quarter Earnings Results and Conference Call

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 re...

1 year ago - GlobeNewsWire

Northeast Bank: Depressed Price Point Paves The Road For A Buy

The share price for Northeast Bank has fallen far enough that the downside is limited, given the positive impact interest rates have on the bottom line. The dividend yield is appealing at over 4% and ...

1 year ago - Seeking Alpha

Northeast Bank (NBN) Q4 2023 Earnings Call Transcript

Northeast Bank (NASDAQ:NBN) Q4 2023 Earnings Conference Call July 25, 2023 10:00 AM ET Company Participants Richard Wayne - President & CEO Patrick Dignan - Chief Operating Officer Jean-Pierre Lapoin...

1 year ago - Seeking Alpha

Northeast Bank Announces Dates for Fiscal 2023 Fourth Quarter Earnings Results and Conference Call

PORTLAND, Maine, July 19, 2023 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN), a Maine-based full-service bank, announced today it will release its fiscal 2023 fourth quarter earnings r...

1 year ago - GlobeNewsWire