Northeast Bancorp (NBN) Tops Q2 EPS by 22c

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Go back to Northeast Bancorp (NBN) Tops Q2 EPS by 22c

Northeast Bank Reports Fourth Quarter Results and Declares Dividend

July 25, 2022 4:16 PM EDT

PORTLAND, Maine, July 25, 2022 (GLOBE NEWSWIRE) -- Northeast Bank (the Bank) (NASDAQ: NBN), a Maine-based full-service bank, today reported net income of $10.3 million, or $1.35 per diluted common share, for the quarter ended June 30, 2022, compared to net income of $21.4 million, or $2.54 per diluted common share, for the quarter ended June 30, 2021. Net income for the year ended June 30, 2022 was $42.2 million, or $5.34 per diluted common share, compared to $71.5 million, or $8.55 per diluted common share, for the year ended June 30, 2021. Net income for the quarter and year ended June 30, 2021 included $12.6 million and $46.7 million ($8.9 million and $33.0... More