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 Third Quarter Results and Declares Dividend

April 30, 2024 4:17 PM EDT

PORTLAND, Maine, April 30, 2024 (GLOBE NEWSWIRE) -- Northeast Bank (the Bank) (NASDAQ: NBN), a Maine-based full-service bank, today reported net income of $13.9 million, or $1.83 per diluted common share, for the quarter ended March 31, 2024, compared to net income of $12.5 million, or $1.69 per diluted common share, for the quarter ended March 31, 2023. Net income for the nine months ended March 31, 2024 was $43.1 million, or $5.67 per diluted common share, compared to $32.1 million, or $4.35 per diluted common share, for the nine months ended March 31, 2023.

The Board of Directors declared a cash dividend of $0.01 per share, payable on May 27, 2024, to shareholders of... More