Northeast Bank

NBN

Market cap $779M

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.

PORTLAND, Maine, July 28, 2025 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN), a Maine-based bank, today reported net income of $25.2 million, or $3.00 per diluted common share, for the quarter ended June 30, 2025, compared to net income of $15.1 million, or $1.91 per diluted common share, for the quarter ended June 30, 2024. Net income for the year ended June 30, 2025 was $83.4 million, or $10.08 per diluted common share, compared to $58.2 million, or $7.58 per diluted common share, for the year ended June 30, 2024.

PORTLAND, Maine, July 25, 2025 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN), a Maine-based bank, announced today that the Bank will host a conference call with a simultaneous webcast at 1:00 p.m. ET on Tuesday, July 29, 2025 to discuss the Bank's fiscal 2025 fourth quarter earnings. This conference call was previously announced as occurring on July 31, 2025. The conference call will be hosted by Rick Wayne, President and Chief Executive Officer, Richard Cohen, Chief Financial Officer, and Pat Dignan, Chief Operating Officer.

PORTLAND, Maine, July 23, 2025 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN), a Maine-based bank, announced today it will release its fiscal 2025 fourth quarter earnings results on Monday, July 28, 2025. Following the release, the Bank will host a conference call with a simultaneous webcast at 10:00 a.m. ET on Thursday, July 31, 2025. The conference call will be hosted by Rick Wayne, President and Chief Executive Officer, Richard Cohen, Chief Financial Officer, and Pat Dignan, Chief Operating Officer.

Northeast Bank shares have dropped 11.8% since my last update, creating a more attractive entry point versus the market. The bank continues to deliver strong balance sheet growth, high asset quality, and robust profitability metrics, especially return on assets and equity. Valuation is compelling: Shares are cheap on a price-to-earnings basis, though price-to-book is only average compared to peers.

Northeast Bank (NASDAQ:NBN ) Q3 2025 Results Conference Call April 30, 2025 10:00 AM ET Company Participants Richard Wayne - President and Chief Executive Officer Patrick Dignan - Chief Operating Officer Rebecca Rand - Senior Vice President, Director of Accounting Richard Cohen - Chief Financial Officer Conference Call Participants Damon DelMonte - Keefe, Bruyette, & Woods, Inc. Mark Fitzgibbon - Piper Sandler & Co. Operator Welcome to the Northeast Bank Third Quarter Fiscal Year 2025 Earnings Call. My name is Victor, and I'll be your operator for today's call.

Northeast Bank (NASDAQ:NBN ) Q2 2025 Earnings Conference Call February 7, 2025 10:00 AM ET Company Participants Richard Wayne - President and Chief Executive Officer Richard Cohen - Chief Financial Officer Patrick Dignan - Chief Operating Officer Conference Call Participants Mark Fitzgibbon - Piper Sandler & Co. Damon DelMonte - Keefe, Bruyette, & Woods, Inc. Operator Welcome to the Northeast Bank Second Quarter Fiscal Year 2025 Earnings Call. My name is Didi, and I will be your operator for today's call.

PORTLAND, Maine, Feb. 06, 2025 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN), a Maine-based full-service bank, today reported net income of $22.4 million, or $2.74 per diluted common share, for the quarter ended December 31, 2024, compared to net income of $14.1 million, or $1.85 per diluted common share, for the quarter ended December 31, 2023. Net income for the six months ended December 31, 2024 was $39.5 million, or $4.85 per diluted common share, compared to $29.2 million, or $3.86 per diluted common share, for the six months ended December 31, 2023.