Northeast Bancorp (NBN) Declares $0.01 Quarterly Dividend; 0.1% Yield
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Northeast Bank Reports First Quarter Results and Declares Dividend
October 27, 2021 4:16 PM EDTPORTLAND, Maine, Oct. 27, 2021 (GLOBE NEWSWIRE) -- Northeast Bank (the Bank) (NASDAQ: NBN), a Maine-based full-service bank, today reported net income of $9.9 million, or $1.20 per diluted common share, for the quarter ended September 30, 2021, compared to net income of $7.8 million, or $0.94 per diluted common share, for the quarter ended September 30, 2020.
The Board of Directors declared a cash dividend of $0.01 per share, payable on November 23, 2021, to shareholders of record as of November 9, 2021.
Discussing results, Rick Wayne, Chief Executive Officer, said We began the new fiscal year with a strong first quarter. Our National Lending Division generated $129.8... More
