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

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Northeast Bancorp Reports Second Quarter Results and Declares Dividend

January 29, 2018 4:24 PM EST

LEWISTON, Maine, Jan. 29, 2018 (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 $3.3 million, or $0.36 per diluted common share, for the quarter ended December 31, 2017, compared to net income of $3.1 million, or $0.35 per diluted common share, for the quarter ended December 31, 2016. Net income for the six months ended December 31, 2017 was $7.9 million, or $0.86 per diluted common share, compared to $4.9 million, or $0.54 per diluted common share, for the six months ended December 31, 2016.

On January 26, 2018, the Board of... More