Northeast Bank (NBN)

Northeast Bank Income Statement

Financials in millions USD. Fiscal year is July - June.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Interest Income on Loans	248.95	242.72	168.89	87.59	76.92	80.87
Interest Income on Investments	16.1	15.16	8.28	0.94	1.21	2.81
Total Interest Income	265.04	257.89	177.17	88.54	78.13	83.68
Interest Paid on Deposits	95.72	88.39	48.08	4.53	8.87	16.58
Interest Paid on Borrowings	18.87	20.92	10.3	0.58	2.17	2.11
Total Interest Expense	114.6	109.31	58.38	5.11	11.04	18.7
Net Interest Income	150.45	148.57	118.8	83.42	67.09	64.99
Net Interest Income Growth (YoY)	13.74%	25.06%	42.40%	24.35%	3.23%	4.28%
Gain (Loss) on Sale of Assets	-	-	-	-	-	-0.34
Gain (Loss) on Sale of Investments	0.34	-0	-0.21	-0.51	-0.1	0.15
Other Non-Interest Income	2.53	2.62	4.87	24.72	25.8	2.29
Total Non-Interest Income	9.22	5.88	5.16	24.45	72.03	13.18
Non-Interest Income Growth (YoY)	115.32%	13.91%	-78.88%	-66.06%	446.37%	115.57%
Revenues Before Loan Losses	159.67	154.45	123.96	107.87	139.12	78.17
Provision for Loan Losses	2	1.77	2.3	-2.46	-1.4	4.5
Revenue	157.67	152.68	121.66	110.33	140.52	73.67
Revenue Growth (YoY)	16.87%	25.51%	10.26%	-21.48%	90.73%	9.75%
Salaries and Employee Benefits	37.39	36.31	32.3	29.27	21.45	23.87
Occupancy Expenses	4.25	4.27	4.21	3.56	2.23	2.29
Federal Deposit Insurance	1.24	1.26	1.22	0.4	0.28	-0.02
Amortization of Goodwill & Intangibles	-	-	-	-	-	0.43
Selling, General & Administrative	14.6	13.99	11.9	9.04	9.52	8.48
Other Non-Interest Expense	9.55	8.89	7.1	6.34	6.21	5.18
Total Non-Interest Expense	67.03	64.73	56.73	48.6	39.69	40.24
EBT Excluding Unusual Items	90.64	87.96	64.93	61.73	100.83	33.43
Asset Writedown	0.16	0.16	0.29	-0.18	0.26	-0.15
Pretax Income	90.8	88.12	65.22	61.55	101.09	33.28
Income Tax Expense	30.64	29.89	21.03	19.39	29.59	10.54
Earnings From Continuing Operations	60.17	58.23	44.19	42.16	71.5	22.74
Net Income	60.17	58.23	44.19	42.16	71.5	22.74
Net Income to Common	60.17	58.23	44.19	42.16	71.5	22.74
Net Income Growth	17.80%	31.78%	4.80%	-41.03%	214.48%	63.76%
Basic Shares Outstanding	8	8	7	8	8	9
Diluted Shares Outstanding	8	8	7	8	8	9
Shares Change (YoY)	4.88%	3.58%	-6.18%	-5.48%	-7.02%	-1.80%
EPS (Basic)	7.84	7.69	6.02	5.40	8.64	2.57
EPS (Diluted)	7.69	7.58	5.96	5.34	8.55	2.53
EPS Growth	12.22%	27.18%	11.61%	-37.54%	237.94%	66.45%
Dividend Per Share	0.040	0.040	0.040	0.040	0.040	0.040
Effective Tax Rate	33.74%	33.92%	32.24%	31.50%	29.27%	31.68%

Source: S&P Capital IQ. Banks template. Financial Sources.