Northeast Bank

NBN

Market cap $966M

Northeast Bank (NBN) Q2 2026 Earnings Call Transcript

Northeast Bank remains a soft ‘buy' as strong asset quality and earnings growth offset a less attractive valuation. NBN's net interest income and profitability grew despite a modest balance sheet contraction, driven by robust year-over-year asset expansion. Return on assets (2.13%) and return on equity (17.64%) significantly outpace peers, justifying premium price-to-book multiples.

PORTLAND, Maine, Jan. 22, 2026 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN), a Maine-based bank, announced today it will release its fiscal 2026 second quarter earnings results on Monday, January 26, 2026. Following the release, the Bank will host a conference call with a simultaneous webcast at 11:00 a.m. ET on Tuesday, January 27, 2026. The conference call will be hosted by Rick Wayne, President and Chief Executive Officer, Santino Delmolino, Chief Financial Officer, and Pat Dignan, Chief Operating Officer.

PORTLAND, Maine, Dec. 17, 2025 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN) announced today that since September 30, 2025, the Bank has purchased or entered into agreements to purchase commercial real estate loans in the aggregate amount of unpaid principal balance of approximately $525 million. Because the purchases will primarily close late in the quarter, the Bank anticipates there will be minimal impact on earnings for the second fiscal quarter of 2026.

Northeast Bank ( NBN ) Q1 2026 Earnings Call October 29, 2025 10:00 AM EDT Company Participants Richard Wayne - President, CEO & Director Patrick Dignan - Executive VP & COO Santino Delmolino - Corporate Controller Richard Cohen - Chief Financial Officer Conference Call Participants Mark Fitzgibbon - Piper Sandler & Co., Research Division Damon Del Monte - Keefe, Bruyette, & Woods, Inc., Research Division Presentation Operator Welcome to the Northeast Bank First Quarter Fiscal Year 2026 Earnings Call. My name is James, and I will be your operator for today's call.

PORTLAND, Maine, Oct. 28, 2025 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN), a Maine-based bank, today reported net income of $22.5 million, or $2.67 per diluted common share, for the quarter ended September 30, 2025, compared to net income of $17.1 million, or $2.11 per diluted common share, for the quarter ended September 30, 2024.

I'm upgrading Northeast Bank to a soft "Buy" due to strong balance sheet growth, asset quality, and profitability. NBN reported significant increases in deposits, loans, and net profits, with robust returns on assets and equity outpacing peers. Valuation is higher than preferred, especially on price-to-book metrics, but operational improvements justify the rating exception.

PORTLAND, Maine, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank” or “Northeast”) (NASDAQ: NBN), a Maine-based bank, announced that Richard Cohen has informed the Bank that he will step down as Chief Financial Officer to pursue other opportunities. Mr. Cohen will continue in his role through October 31, 2025. Santino Delmolino, who currently serves as the Corporate Controller of the Bank, will assume the role of CFO, effective October 31, 2025.

Northeast Bank (NASDAQ:NBN ) Q2 2025 Earnings Conference Call July 29, 2025 1:00 PM ET Company Participants Patrick Dignan - Executive VP & COO Richard Cohen - Chief Financial Officer Richard N. Wayne - President, CEO & Director Conference Call Participants Mark Thomas Fitzgibbon - Piper Sandler & Co., Research Division Matthew James Renck - Keefe, Bruyette, & Woods, Inc., Research Division Operator Hello, and welcome to the Northeast Bank Fourth Quarter and Fiscal Year 2025 Earnings Conference Call.

Northeast Bank delivered outstanding Q4 results with 56.6% revenue growth, strong loan originations, and robust deposit gains, driving impressive earnings beats. Despite stellar performance, the stock now trades at nearly 2x book value, making it expensive relative to its fundamentals and historical valuation. Asset quality remains solid, with manageable nonperforming assets and prudent credit loss provisions, though trends warrant monitoring as growth continues.