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	Dec 31, 2024	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Interest Income on Loans	269.18	242.72	168.89	87.59	76.92	80.87
Interest Income on Investments	16.9	15.16	8.28	0.94	1.21	2.81
Total Interest Income	286.08	257.89	177.17	88.54	78.13	83.68
Interest Paid on Deposits	107.33	88.39	48.08	4.53	8.87	16.58
Interest Paid on Borrowings	16.81	20.92	10.3	0.58	2.17	2.11
Total Interest Expense	124.14	109.31	58.38	5.11	11.04	18.7
Net Interest Income	161.94	148.57	118.8	83.42	67.09	64.99
Net Interest Income Growth (YoY)	15.24%	25.06%	42.40%	24.35%	3.23%	4.28%
Gain (Loss) on Sale of Assets	-	-	-	-	-	-0.34
Gain (Loss) on Sale of Investments	-0.05	-0	-0.21	-0.51	-0.1	0.15
Other Non-Interest Income	2.4	2.62	4.87	24.72	25.8	2.29
Total Non-Interest Income	13.7	5.88	5.16	24.45	72.03	13.18
Non-Interest Income Growth (YoY)	208.16%	13.91%	-78.88%	-66.06%	446.37%	115.57%
Revenues Before Loan Losses	175.64	154.45	123.96	107.87	139.12	78.17
Provision for Loan Losses	3.51	1.77	2.3	-2.46	-1.4	4.5
Revenue	172.13	152.68	121.66	110.33	140.52	73.67
Revenue Growth (YoY)	20.19%	25.51%	10.26%	-21.48%	90.73%	9.75%
Salaries and Employee Benefits	39.16	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	1.91	1.26	1.22	0.4	0.28	-0.02
Amortization of Goodwill & Intangibles	-	-	-	-	-	0.43
Selling, General & Administrative	14.44	13.99	11.9	9.04	9.52	8.48
Other Non-Interest Expense	10.68	8.89	7.1	6.34	6.21	5.18
Total Non-Interest Expense	70.42	64.73	56.73	48.6	39.69	40.24
EBT Excluding Unusual Items	101.71	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	101.87	88.12	65.22	61.55	101.09	33.28
Income Tax Expense	33.32	29.89	21.03	19.39	29.59	10.54
Earnings From Continuing Operations	68.55	58.23	44.19	42.16	71.5	22.74
Net Income	68.55	58.23	44.19	42.16	71.5	22.74
Net Income to Common	68.55	58.23	44.19	42.16	71.5	22.74
Net Income Growth	27.35%	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)	6.11%	3.58%	-6.18%	-5.48%	-7.02%	-1.80%
EPS (Basic)	8.78	7.69	6.02	5.40	8.64	2.57
EPS (Diluted)	8.60	7.58	5.96	5.34	8.55	2.53
EPS Growth	19.89%	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	32.71%	33.92%	32.24%	31.50%	29.27%	31.68%

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