Northeast Bank (NBN)

Northeast Bank Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Interest Income on Loans	306.96	242.72	168.89	87.59	76.92
Interest Income on Investments	18.58	15.16	8.28	0.94	1.21
Total Interest Income	325.54	257.89	177.17	88.54	78.13
Interest Paid on Deposits	121.98	88.39	48.08	4.53	8.87
Interest Paid on Borrowings	16.19	20.92	10.3	0.58	2.17
Total Interest Expense	138.17	109.31	58.38	5.11	11.04
Net Interest Income	187.37	148.57	118.8	83.42	67.09
Net Interest Income Growth (YoY)	26.12%	25.06%	42.40%	24.35%	3.23%
Gain (Loss) on Sale of Investments	0.12	-0	-0.21	-0.51	-0.1
Other Non-Interest Income	2.18	2.62	4.87	24.72	25.8
Total Non-Interest Income	25.46	5.88	5.16	24.45	72.03
Non-Interest Income Growth (YoY)	332.94%	13.91%	-78.88%	-66.06%	446.37%
Revenues Before Loan Losses	212.83	154.45	123.96	107.87	139.12
Provision for Loan Losses	8.74	1.77	2.3	-2.46	-1.4
Revenue	204.09	152.68	121.66	110.33	140.52
Revenue Growth (YoY)	33.67%	25.51%	10.26%	-21.48%	90.73%
Salaries and Employee Benefits	47.98	36.31	32.3	29.27	21.45
Occupancy Expenses	4.55	4.27	4.21	3.56	2.23
Federal Deposit Insurance	2.37	1.26	1.22	0.4	0.28
Selling, General & Administrative	9.17	13.99	11.9	9.04	9.52
Other Non-Interest Expense	14.31	8.89	7.1	6.34	6.21
Total Non-Interest Expense	78.39	64.73	56.73	48.6	39.69
EBT Excluding Unusual Items	125.7	87.96	64.93	61.73	100.83
Asset Writedown	-	0.16	0.29	-0.18	0.26
Pretax Income	125.7	88.12	65.22	61.55	101.09
Income Tax Expense	42.25	29.89	21.03	19.39	29.59
Net Income	83.44	58.23	44.19	42.16	71.5
Net Income to Common	83.44	58.23	44.19	42.16	71.5
Net Income Growth	43.30%	31.78%	4.80%	-41.03%	214.48%
Basic Shares Outstanding	8	8	7	8	8
Diluted Shares Outstanding	8	8	7	8	8
Shares Change (YoY)	7.79%	3.57%	-6.18%	-5.47%	-7.02%
EPS (Basic)	10.31	7.69	6.02	5.40	8.64
EPS (Diluted)	10.08	7.58	5.96	5.34	8.55
EPS Growth	32.98%	27.18%	11.61%	-37.54%	237.94%
Dividend Per Share	0.040	0.040	0.040	0.040	0.040
Effective Tax Rate	33.62%	33.92%	32.24%	31.50%	29.27%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q