Northeast Bancorp (NBN) Declares $0.01 Quarterly Dividend; 0.2% Yield

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Go back to Northeast Bancorp (NBN) Declares $0.01 Quarterly Dividend; 0.2% Yield

Northeast Bancorp Reports Record Quarterly Results and Declares Dividend

July 27, 2017 4:25 PM EDT

LEWISTON, Maine, July 27, 2017 (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 $4.0 million, or $0.45 per diluted common share, for the quarter ended June 30, 2017, compared to net income of  $2.2 million, or $0.24 per diluted common share, for the quarter ended June 30, 2016. Net income for the year ended June 30, 2017 was $12.3 million, or $1.38 per diluted common share, compared to $7.6 million, or $0.80 per diluted common share, for the year ended June 30, 2016.

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