Northeast Bancorp (NBN) Declares $0.01 Quarterly Dividend; 0.1% Yield

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Go back to Northeast Bancorp (NBN) Declares $0.01 Quarterly Dividend; 0.1% Yield

Northeast Bank Reports First Quarter Results and Declares Dividend

October 23, 2023 4:16 PM EDT

PORTLAND, Maine, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Northeast Bank (the Bank) (NASDAQ: NBN), a Maine-based full-service bank, today reported net income of $15.2 million, or $2.01 per diluted common share, for the quarter ended September 30, 2023, compared to net income of $8.3 million, or $1.12 per diluted common share, for the quarter ended September 30, 2022.

The Board of Directors declared a cash dividend of $0.01 per share, payable on November 21, 2023, to shareholders of record as of November 7, 2023.

Discussing results, Rick Wayne, Chief Executive Officer, said, We had another strong quarter reporting earnings of $2.01 per diluted common share, a return on... More