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	Mar 31, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Interest Income on Loans	284.94	242.72	168.89	87.59	76.92	80.87
Interest Income on Investments	17.47	15.16	8.28	0.94	1.21	2.81
Total Interest Income	302.42	257.89	177.17	88.54	78.13	83.68
Interest Paid on Deposits	114.58	88.39	48.08	4.53	8.87	16.58
Interest Paid on Borrowings	16.46	20.92	10.3	0.58	2.17	2.11
Total Interest Expense	131.04	109.31	58.38	5.11	11.04	18.7
Net Interest Income	171.38	148.57	118.8	83.42	67.09	64.99
Net Interest Income Growth (YoY)	18.36%	25.06%	42.40%	24.35%	3.23%	4.28%
Gain (Loss) on Sale of Assets	-	-	-	-	-	-0.34
Gain (Loss) on Sale of Investments	0.09	-0	-0.21	-0.51	-0.1	0.15
Other Non-Interest Income	2.34	2.62	4.87	24.72	25.8	2.29
Total Non-Interest Income	18.78	5.88	5.16	24.45	72.03	13.18
Non-Interest Income Growth (YoY)	283.32%	13.91%	-78.88%	-66.06%	446.37%	115.57%
Revenues Before Loan Losses	190.16	154.45	123.96	107.87	139.12	78.17
Provision for Loan Losses	5.82	1.77	2.3	-2.46	-1.4	4.5
Revenue	184.34	152.68	121.66	110.33	140.52	73.67
Revenue Growth (YoY)	24.54%	25.51%	10.26%	-21.48%	90.73%	9.75%
Salaries and Employee Benefits	39.71	36.31	32.3	29.27	21.45	23.87
Occupancy Expenses	4.45	4.27	4.21	3.56	2.23	2.29
Federal Deposit Insurance	2.1	1.26	1.22	0.4	0.28	-0.02
Amortization of Goodwill & Intangibles	-	-	-	-	-	0.43
Selling, General & Administrative	15.7	13.99	11.9	9.04	9.52	8.48
Other Non-Interest Expense	12.18	8.89	7.1	6.34	6.21	5.18
Total Non-Interest Expense	74.14	64.73	56.73	48.6	39.69	40.24
EBT Excluding Unusual Items	110.2	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	110.36	88.12	65.22	61.55	101.09	33.28
Income Tax Expense	37	29.89	21.03	19.39	29.59	10.54
Earnings From Continuing Operations	73.37	58.23	44.19	42.16	71.5	22.74
Net Income	73.37	58.23	44.19	42.16	71.5	22.74
Net Income to Common	73.37	58.23	44.19	42.16	71.5	22.74
Net Income Growth	32.97%	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)	7.49%	3.57%	-6.18%	-5.47%	-7.02%	-1.80%
EPS (Basic)	9.20	7.69	6.02	5.40	8.64	2.57
EPS (Diluted)	8.99	7.58	5.96	5.34	8.55	2.53
EPS Growth	23.53%	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	33.52%	33.92%	32.24%	31.50%	29.27%	31.68%

Updated Feb 6, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q