Northeast Bank (NBN) News

Northeast Bank (NBN): $33.67

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Latest NBN News From Around the Web

Below are the latest news stories about Northeast Bancorp that investors may wish to consider to help them evaluate NBN as an investment opportunity.

Northeast Bancorp/ME (NBN) Q4 2021 Earnings Call Transcript

With us today from the bank is Rick Wayne, president and chief executive officer; JP Lapointe, chief financial officer; and Pat Dignan, executive vice president and chief credit officer. Please note that this presentation contains forward-looking statements about Northeast Bank. Forward-looking statements are based upon the current expectations of Northeast Bank's management and are subject to risks and uncertainties.

Yahoo | July 30, 2021

Northeast Bank Reports Fourth Quarter Results, Record Annual Earnings and Declares Dividend

PORTLAND, Maine, July 28, 2021 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN), a Maine-based full-service bank, today reported net income of $21.4 million, or $2.54 per diluted common share, for the quarter ended June 30, 2021, compared to net income of $11.2 million, or $1.33 per diluted common share, for the quarter ended June 30, 2020. Net income for the year ended June 30, 2021 was $71.5 million, or $8.55 per diluted common share, compared to $22.7 million, or $2.53 per dilute

Yahoo | July 28, 2021

Northeast Bank Announces Dates for Fiscal 2021 Fourth Quarter Earnings Results and Conference Call

PORTLAND, Maine, July 23, 2021 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN), a Maine-based full-service bank, announced today it will release its fiscal 2021 fourth quarter earnings results on Wednesday, July 28, 2021. Following the release, the Bank will host a conference call with a simultaneous webcast at 10:00 a.m. ET on Thursday, July 29, 2021. The conference call will be hosted by Rick Wayne, President and Chief Executive Officer, JP Lapointe, Chief Financial Officer, and

Yahoo | July 23, 2021

Here's Why I Think Northeast Bank (NASDAQ:NBN) Might Deserve Your Attention Today

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

Yahoo | July 16, 2021

Is Northeast Bank (NBN) Going to Burn These Hedge Funds?

Hedge Funds and other institutional investors have just completed filing their 13Fs with the Securities and Exchange Commission, revealing their equity portfolios as of the end of September. At Insider Monkey, we follow nearly 900 active hedge funds and notable investors and by analyzing their 13F filings, we can determine the stocks that they are […]

Yahoo | June 23, 2021

Northeast Bank Ranked 18th Best-Performing U.S. Community Bank Under $3 Billion in Assets by S&P Global Market Intelligence

PORTLAND, Maine, March 29, 2021 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN) announced today that it was ranked the 18th best-performing U.S. community bank out of 4,287 eligible banks with assets under $3 billion by S&P Global Market Intelligence in its annual ranking. “This ranking is particularly gratifying given the challenges presented by the COVID-19 pandemic,” said Rick Wayne, President and Chief Executive Officer. “Thanks to our tirelessly working team, most from home, we were able to achieve strong results in both our national lending business and under the Paycheck Protection Program (“PPP”). Under the PPP we have provided financing to tens of thousands of small businesses throughout the country and generated substantial fee income under our correspondent rela...

Yahoo | March 29, 2021

Should You Take Comfort From Insider Transactions At Northeast Bank (NASDAQ:NBN)?

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly...

Yahoo | March 18, 2021

Northeast Bank Announces New Board Member Bill Mayer

PORTLAND, Maine, March 08, 2021 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN) announced today the Board of Directors has elected William Mayer to fill the vacancy on the Bank’s Board of Directors created by the recent passing of Robert R. Glauber, who served as the Bank’s Chairman since 2010. Mr. Mayer is a retired partner from Goodwin Procter. Mr. Mayer served as corporate and regulatory counsel for financial institutions and financial institution holding companies, ranging from global and larger U.S. banking organizations to regional and community banks. Mr. Mayer also participated in missions for USAID, the World Bank, and the IMF to address financial sector issues in Eastern Europe, the Middle East, and Latin America. A former chair of Goodwin’s Pro Bono Committee fo...

Yahoo | March 8, 2021

UPDATE -- Northeast Bank Announces Sale of Paycheck Protection Program Loans

PORTLAND, Maine, March 04, 2021 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN), a Maine-based full-service bank, announced today that it has entered into a Loan Purchase and Sale Agreement (the “Loan Sale Agreement”) with The Loan Source, Inc. (“Loan Source”) to sell to Loan Source all loans originated by the Bank under the current round of the Small Business Administration’s (“SBA”) Paycheck Protection Program (“PPP”). From January 11, 2021 through February 26, 2021, the Bank had received SBA approval for $1.84 billion of PPP loans, of which $1.65 billion have been funded. After amortizing previously unamortized PPP loan origination fees and other costs, the Bank expects to realize a pre-tax gain of approximately $26.0 million, or an after-tax gain of approximately $18.2...

Yahoo | March 4, 2021

Northeast Bank Announces Sale of Paycheck Protection Program Loans

PORTLAND, Maine, March 04, 2021 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN), a Maine-based full-service bank, announced today that it has entered into a Loan Purchase and Sale Agreement (the “Loan Sale Agreement”) with The Loan Source, Inc. (“Loan Source”) to sell to Loan Source all loans originated by the Bank under the current round of the Small Business Administration’s (“SBA”) Paycheck Protection Program (“PPP”). From January 11, 2021 through February 26, 2021, the Bank had received SBA approval for $1.84 billion of PPP loans, of which $1.65 billion have been funded. After amortizing previously unamortized PPP loan origination fees and other costs, the Bank expects to realize a pre-tax gain of approximately $26.0 million, or an after-tax gain of approximately $18.2...

Yahoo | March 4, 2021


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