Northeast Bank
Description
Northeast Bank provides various banking services to individual and corporate customers in Maine. Its deposit products include demand deposit, NOW, money market, savings, certificate of deposit, and checking accounts. The company's loan portfolio comprises residential mortgage loans; multi-family and other commercial real estate loans; commercial and industrial loans, such as term loans, lines of credit and equipment, and receivables financing; and consumer loans, including mobile home and overdraft, and deposit-secured loans. It also provides telephone banking, online banking and bill payment, mobile banking, and remote deposit capture services, as well as debit and credit card, ATM, electronic transfer, and check services. Northeast Bank was founded in 1872 and is headquartered in Portland, Maine.
About
CEO
Mr. Richard N. Wayne
Employees
194
Instrument type
Common Stock
Sector
Financial Services
Industry
Banks - Regional
MIC code
XNMS
Address
27 Pearl Street, Portland, ME 04101, United States
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![Enlarged Chart]()
Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Oct 28, 2025 | — | — | — | — |
| Jul 28, 2025 | — | — | — | — |
| Apr 28, 2025 | — | — | — | — |
| Oct 30, 2024 | 1.77 | 2.11 | 0.34 | 19.21% |
| Jul 30, 2024 | — | 1.91 | — | — |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Current Year
(Jun 2025)
|
Next Year
(Jun 2026)
|
||
|---|---|---|---|---|
| Number of analysts | — | 2 | 2 | 1 |
| Average estimate | — | 2.58 | 10.17 | 11.10 |
| Low estimate | — | 2.57 | 9.85 | 11.10 |
| High estimate | — | 2.58 | 10.48 | 11.10 |
| Last year EPS | — | 1.83 | — | 10.17 |
[stock_revenue_estimate]
Growth estimates
Current qtr
38.920%
Next qtr. (Mar 2025)
40.710%
Current year (Jun 2025)
—
Next year (Jun 2026)
9.200%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Fiscal date | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 | 2020-06-30 |
| Total reported revenue | 151.20M | 121.54M | 104.67M | 135.85M | 76.11M |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 43.88M | 37.87M | 32.27M | 23.26M | 25.30M |
| Other operating expenses | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | — | — | — | — | — |
| Other income expense | — | — | — | — | — |
| Pretax income | 88.12M | 65.22M | 61.55M | 101.09M | 33.28M |
| Tax provision | 29.89M | 21.03M | 19.39M | 29.59M | 10.54M |
| Net income | 58.23M | 44.19M | 42.16M | 71.50M | 22.74M |
| Basic EPS | 7.69 | 6.02 | 5.40 | 8.64 | 2.57 |
| Diluted EPS | 7.58 | 5.96 | 5.34 | 8.55 | 2.53 |
| Basic average shares | 7.57M | 7.35M | 7.81M | 8.28M | 8.86M |
| Diluted average shares | 7.57M | 7.35M | 7.81M | 8.28M | 8.86M |
| EBITDA | — | — | — | — | — |
| Net income from continuing op. | 58.23M | 44.19M | 42.16M | 71.50M | 22.74M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Fiscal date | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 | 2020-06-30 |
| Total assets | — | — | — | — | — |
| Current assets | |||||
| Cash | 2.71M | 2.52M | 2.10M | 2.85M | 2.80M |
| Cash equivalents | 239.45M | 195.39M | 169.98M | 1.01B | 140.86M |
| Cash and cash equivalents | 242.16M | 197.91M | 172.08M | 1.01B | 143.66M |
| Other short term investments | 48.98M | 53.40M | 54.91M | 59.74M | 64.92M |
| Accounts receivable | 15.16M | 6.64M | — | — | — |
| Other receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Prepaid assets | — | — | — | — | — |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | — | — | — | — |
| Non current assets | |||||
| Properties | 22.71M | 23.43M | 8.48M | 8.48M | 8.45M |
| Land and improvements | 1.07M | 712,000 | 747,000 | 747,000 | 747,000 |
| Machinery furniture equipment | 9.82M | 12.49M | 12.42M | 12.27M | 12.12M |
| Construction in progress | — | — | — | — | — |
| Leases | 4.25M | 5.89M | 4.21M | 3.95M | 3.99M |
| Accumulated depreciation | -13.61M | -16.55M | -18.15M | -16.23M | -17.71M |
| Goodwill | 984,000 | 1.53M | 1.29M | 2.06M | 2.11M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 984,000 | 1.53M | 1.29M | 2.06M | 2.11M |
| Investments and advances | 55.99M | 60.17M | 61.71M | 66.97M | 72.16M |
| Other non current assets | — | — | — | — | — |
| Total liabilities | — | — | — | — | — |
| Current liabilities | |||||
| Accounts payable | — | — | — | — | — |
| Accrued expenses | — | — | — | — | — |
| Short term debt | — | 311.00M | 15.00M | — | 12.44M |
| Deferred revenue | — | — | — | — | — |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 365.44M | 273.53M | 4.45M | 36.11M | 46.88M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | — | — | — | — | — |
| Shareholders equity | |||||
| Common stock | 8.13M | 7.67M | 7.44M | 8.15M | 8.20M |
| Retained earnings | 303.93M | 246.87M | 202.98M | 161.13M | 89.96M |
| Other shareholders equity | -183,000 | -718,000 | -850,000 | -1.31M | -1.72M |
| Total shareholders equity | 376.63M | 296.66M | 248.32M | 232.39M | 164.74M |
| Additional paid in capital | 64.76M | 42.84M | 38.75M | 64.42M | 68.30M |
| Treasury stock | — | — | — | — | — |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||||||||||||
| Net Income | 58.23M | 44.19M | 42.16M | 71.50M | 22.74M | 13.88M | 16.17M | 12.34M | 7.62M | 7.14M | 2.69M | 4.42M | 2.16M | 14.35M | 1.72M | 958,989 | 1.93M | 1.89M | 4.00M | 4.02M | 3.51M | 3.86M | 3.85M | 3.48M | 3.21M | 2.40M | 2.40M | 1.50M | 1.30M | 1.50M | 1.20M | 1.20M | 1.10M | 600,000 | 900,000 |
| Depreciation | 3.06M | 3.21M | 2.60M | 2.60M | 2.95M | 1.76M | 1.73M | 1.88M | 2.11M | 2.26M | 2.75M | 2.69M | 2.57M | 2.52M | 1.80M | 1.90M | 1.73M | 1.40M | 1.29M | 961,040 | 880,555 | 854,749 | 794,678 | 976,089 | 1.08M | 1.20M | 900,000 | 900,000 | 1.00M | 800,000 | 500,000 | 600,000 | 200,000 | 200,000 | 100,000 |
| Deferred Taxes | -285,000 | -4.72M | 819,000 | -713,000 | -4.39M | -3.73M | 498,000 | -1.03M | 2.12M | -1.19M | -2.67M | -428,000 | 1.83M | 241,000 | 177,000 | -181,710 | 218,579 | -329,268 | -323,220 | -197,522 | -294,737 | -34,667 | 163,023 | -274,481 | -154,576 | 100,000 | — | -100,000 | — | 100,000 | -300,000 | -200,000 | 100,000 | -200,000 | — |
| Stock-Based Compensation | 5.30M | 3.43M | 1.87M | 978,000 | 1.10M | 1.37M | 870,000 | 945,000 | 613,000 | 705,000 | 686,000 | 563,000 | 445,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | -52.86M | -9.40M | -11.28M | -16.79M | -3.95M | 6.22M | -1.80M | 19.76M | -4.63M | 15.43M | -10.07M | -8.37M | -9.53M | -18.33M | 839,000 | 605,718 | -83,162 | 1.28M | 1.29M | 1.60M | 4.55M | -1.98M | 1.86M | -31,919 | 1.16M | 1.00M | 800,000 | 900,000 | 700,000 | 800,000 | 3.30M | 600,000 | 6.10M | 900,000 | 400,000 |
| Accounts Receivable | — | — | — | — | — | — | — | — | — | — | — | — | -596,000 | 837,000 | 120,000 | 81,241 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Accounts Payable | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | -9.06M | 21.32M | -4.11M | -2.02M | 4.37M | 1.45M | 4.45M | 4.51M | 223,000 | 587,000 | 2.02M | 6.46M | -1.07M | -1.14M | 169,000 | 230,079 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Operating Cash Flow | 4.40M | 58.03M | 32.06M | 55.57M | 22.82M | 20.94M | 21.92M | 38.41M | 8.06M | 24.93M | -4.60M | 5.34M | -4.20M | -1.52M | 4.82M | 3.59M | 3.80M | 4.24M | 6.26M | 6.38M | 8.65M | 2.70M | 6.67M | 4.15M | 5.30M | 4.70M | 4.10M | 3.20M | 3.00M | 3.20M | 4.70M | 2.20M | 7.50M | 1.50M | 1.40M |
| Investing Activities | |||||||||||||||||||||||||||||||||||
| Capital Expenditures | -2.45M | -2.46M | -1.06M | -1.26M | -1.16M | -297,000 | -981,000 | -695,000 | -1.19M | -875,000 | -1.08M | -2.90M | -2.40M | -1.40M | -427,000 | -1.21M | -1.87M | -1.12M | -1.11M | -1.24M | -1.11M | -531,194 | -603,610 | -433,658 | -325,814 | -1.40M | -400,000 | -1.00M | -400,000 | -900,000 | -300,000 | -1.60M | -300,000 | -300,000 | -200,000 |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | — | — | — | — | — | — | — | — | — | — | — | 9.89M | 147,000 | 534,000 | -717,710 | -3.74M | -2.45M | — | -993,469 | — | -7.12M | -284,785 | — | — | — | — | — | — | — | — | — | — | — | — |
| Purchase of Investments | -20.60M | -26.05M | -16.93M | -42.82M | -15.05M | -32.97M | -26.17M | -19.53M | -45.16M | — | -48.48M | -167.29M | -185.99M | -226.05M | -61.69M | -55.58M | -78.50M | -14.72M | -25.37M | -22.86M | -47.43M | -42.69M | -30.80M | -1.59M | -10.14M | -16.00M | -17.30M | -12.60M | -38.60M | -11.10M | -13.60M | -6.90M | -1.40M | -12.10M | -25.70M |
| Sale of Investments | 25.83M | 27.19M | 20.02M | 46.91M | 26.29M | 39.16M | 33.74M | 21.20M | 46.50M | 11.41M | 57.94M | 174.53M | 202.20M | 238.26M | 50.78M | 40.79M | 36.34M | 16.21M | 11.58M | 16.99M | 22.36M | 31.01M | 19.32M | 5.51M | 3.63M | 11.00M | 49.30M | 15.30M | 18.30M | 14.40M | 7.90M | 3.20M | 900,000 | 19.40M | 22.50M |
| Investing Cash Flow | 11.79M | -23.94M | 3.61M | 5.17M | 10.92M | 7.04M | 8.14M | 2.21M | 3.39M | 13.10M | 10.06M | 8.90M | 24.52M | 11.42M | -10.82M | -15.98M | -35.01M | 6.68M | 10.20M | -38.13M | -79.68M | -22.38M | -7.29M | 4.48M | -69.75M | -43.20M | -45.10M | -34.70M | -20.90M | 14.20M | -14.50M | -17.40M | -21.60M | -3.00M | -5.50M |
| Financing Activities | |||||||||||||||||||||||||||||||||||
| Long-Term Debt Issuance | 116.00M | 260.00M | — | 12.44M | 12.44M | — | — | — | 14.51M | — | 15.00M | — | — | — | 12.50M | 5.00M | 36.62M | 53.96M | 105.00M | 43.31M | 23.50M | 638,962 | — | — | 7.17M | — | 23.90M | 26.90M | 16.40M | — | 7.90M | — | — | 6.80M | 1.50M |
| Long-Term Debt Payments | -335.09M | -9.93M | -16.66M | -1.37M | -1.38M | -282,000 | -5.27M | -10.26M | -10.24M | -12.69M | -15.18M | -55.17M | -2.29M | -52.31M | -3.60M | -56.04M | -40.19M | -37.04M | -115.42M | -31.80M | -23.45M | — | -22.09M | — | -687,500 | -300,000 | -300,000 | -200,000 | -500,000 | -10.70M | — | — | — | -100,000 | — |
| Other Financing Charges | -1.16M | -451,000 | -219,000 | -25.01M | -234,000 | -138,000 | -109,000 | 8,000 | -11,000 | — | — | -59,000 | — | — | — | 3.68M | — | — | — | — | -120,000 | — | — | — | -523,614 | — | — | -200,000 | — | -100,000 | — | 10.80M | 5.20M | -6.10M | — |
| Financing Cash Flow | -513.32M | 548.16M | -45.17M | -20.01M | -1.01M | -17.28M | -5.73M | -17.55M | -1.83M | -20.39M | -3.57M | -64.00M | 47.59M | -80.96M | 18.79M | -42.44M | 35.31M | 19.50M | -15.06M | 13.72M | 10.16M | 7.02M | -22.69M | -19.53M | 25.32M | 5.20M | 23.10M | 27.30M | 16.70M | -8.50M | 7.60M | 11.10M | 4.50M | 400,000 | 1.20M |
| Other Cash Details | |||||||||||||||||||||||||||||||||||
| End Cash Position | 242.16M | 197.91M | 172.08M | 1.01B | 143.66M | 56.91M | 157.40M | 163.28M | 151.16M | 89.85M | 82.26M | 65.93M | 128.27M | 142.53M | 20.44M | 13.02M | 12.54M | 10.74M | 12.10M | 13.87M | 14.65M | 18.81M | 18.75M | 14.19M | 12.78M | 12.10M | 12.20M | 18.80M | — | — | — | — | — | — | — |
| Income Tax Paid | 35.52M | 28.25M | 17.99M | 32.46M | 13.29M | 4.41M | 5.34M | 7.67M | 2.17M | -5.66M | 3.50M | 954,000 | 321,000 | 874,000 | 890,000 | 372,976 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | 108.41M | 46.46M | 5.73M | 11.34M | 18.82M | 19.09M | 12.17M | 9.50M | 7.77M | -7.49M | 7.50M | 8.75M | 9.77M | 9.28M | 13.54M | 17.11M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 111,000 | 57.64M | 29.44M | 7.08M | 15.15M | 18.48M | 18.47M | 33.30M | 3.90M | 20.28M | -6.63M | -1.57M | -9.54M | 6.91M | -8.58M | 1.67M | 3.08M | 2.14M | 4.33M | 4.42M | 6.10M | 489,180 | 4.44M | 2.98M | 4.97M | 1.10M | 2.90M | 1.80M | 1.70M | 1.70M | 4.60M | 1.40M | 7.00M | 600,000 | 800,000 |
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Article
Northeast Bank (NBN) Q2 2025 Earnings Call Transcript
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.
Feb 7, 2025
Article
Northeast Bank Reports Second Quarter Results and Declares Dividend
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.
Feb 6, 2025
Article
Northeast Bank Announces Dates for Fiscal 2025 Second Quarter Earnings Results and Conference Call
PORTLAND, Maine, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN), a Maine-based full-service bank, announced today it will release its fiscal 2025 second quarter earnings results on Thursday, February 6, 2025. Following the release, the Bank will host a conference call with a simultaneous webcast at 10:00 a.m. ET on Friday, February 7, 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.
Feb 5, 2025
