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

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Northeast Bancorp Reports Second Quarter Results, Declares Dividend

February 1, 2016 6:51 PM EST

LEWISTON, Maine, Feb. 01, 2016 (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 $1.7 million, or $0.18 per diluted common share, for the quarter ended December 31, 2015, compared to net income of $1.6 million, or $0.16 per diluted common share, for the quarter ended December 31, 2014. Net income for the six months ended December 31, 2015 was $3.6 million, or $0.38 per diluted common share, compared to $3.2 million, or $0.32 per diluted common share, for the six months ended December 31, 2014.

The Board of Directors has declared a cash... More