Northeast Bancorp (NBN) Declares $0.01 Quarterly Dividend; 0.4% Yield

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Go back to Northeast Bancorp (NBN) Declares $0.01 Quarterly Dividend; 0.4% Yield

Northeast Bancorp Reports Fourth Quarter Results, Declares Dividend

July 28, 2015 6:09 PM EDT

LEWISTON, Maine, July 28, 2015 (GLOBE NEWSWIRE) -- Northeast Bancorp ("Northeast" or the "Company") (NASDAQ: NBN), a Maine-based full-service financial services company and parent of Northeast Bank (the "Bank"), today reported net income of $2.2 million, or $0.22 per diluted common share, for the quarter ended June 30, 2015, compared to net income of $542 thousand, or $0.05 per diluted common share, for the quarter ended June 30, 2014. Net income for the year ended June 30, 2015 was $7.1 million, or $0.72 per diluted common share, compared to $2.7 million, or $0.26 per diluted common share, for the year ended June 30, 2014.

The Board of Directors has declared... More