Northeast Bancorp (NBN) Tops Q3 EPS by 31c

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Go back to Northeast Bancorp (NBN) Tops Q3 EPS by 31c

Northeast Bank Reports First Quarter Results and Declares Dividend

October 29, 2024 4:53 PM EDT

PORTLAND, Maine, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Northeast Bank (the Bank) (NASDAQ: NBN), a Maine-based full-service bank, today reported net income of $17.1 million, or $2.11 per diluted common share, for the quarter ended September 30, 2024, compared to net income of $15.2 million, or $2.01 per diluted common share, for the quarter ended September 30, 2023.

The Board of Directors declared a cash dividend of $0.01 per share, payable on November 26, 2024, to shareholders of record as of November 12, 2024.

With $859.8 million of loan generation from our National Lending Division, we had our second largest quarterly loan volume in the Banks history,... More