Headquartered in Portland, Maine, and established in 1872, Northeast Bank delivers a broad spectrum of banking and financial solutions to individuals and ...
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Est. EPS $3.41 · Revenue $66.77M · 1 analysts
Est. EPS $3.60 · Revenue $69.29M · 1 analysts
Est. EPS $3.75 · Revenue $71.62M · 1 analysts
Est. EPS $14.60 · Revenue $276.51M · 1 analysts
$0.04 per share
$0.04 per share
EPS $12.74 · Revenue $385.07M
EPS $3.53 · Revenue $105.42M
EPS $2.47 · Revenue $87.05M
EPS $2.67 · Revenue $84.54M
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $385.1M | +9.7% | -0.7% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $107.5M | +28.8% | +15.0% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +61.5% | +5.8% | -0.7% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +38.2% | +6.7% | -1.1% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +27.9% | +17.4% | +15.8% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $-64.0M | -219.8% | -72.1% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | -16.6% | -209.2% | -73.2% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 142.0% | +107.0% | +9.3% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 0.11x | -20.2% | -58.9% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $5.2B | +22.2% | +3.8% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 12.74 vs 12.10 | +5.3% | 4.05 vs 3.40 | +19.1% |
| Revenue Surprise | $385.1M vs $238.0M | +61.8% | $104.7M vs $67.2M | +55.8% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| May 15, 2019 | Orestis John C | director | Voting Common Stock | D | 60,000 | — |
| May 15, 2019 | Botein Matthew | director | Voting Common Stock | D | 62,500 | — |
| May 15, 2019 | Tanner David Allen | director | Voting Common Stock | D | 10,000 | — |
| May 15, 2019 | WAYNE RICHARD | director, officer: President & CEO | Voting Common Stock | D | 97,202 | — |
| May 15, 2019 | WAYNE RICHARD | director, officer: President & CEO | Stock Option (Right to Buy) | D | 49,589 | $9.38 |
Operator : Welcome to the Northeast Bank Fourth Quarter FY 2026 Earnings Call. My name is Michelle, and I will be your operator for today's call. This call is being recorded. With us today from the bank is Rick Wayne, President and Chief Executive Officer; Santino Delmolino, Chief Financial Officer; and Pat Dignan, Chief Operating Officer and Chief Credit Officer. Prior to the call, an investor presentation was uploaded to the bank's website, which we will reference in this morning's call. The presentation can be accessed at the Investor Relations section of northeastbank.com under Events and Presentations. You may find it helpful to download this investor presentation and follow along during the call. Also, this call will be available for rebroadcast on the website for further use. As a reminder, the conference is being recorded. 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. Actual results may differ materially from those discussed in the forward-looking statements. Northeast Bank does not undertake any obligation to update any forward-looking statements. I will now turn the call over to Rick Wayne. Mr. Wayne, you may begin. Richard Wayne : Thank you. Welcome all to the call. During my comments, I will provide an overview of our fourth fiscal quarter and annual results. After my comments, Santino will discuss our financial results, and Pat will review our loan activity. At the conclusion of our comments, we will be happy to answer any questions. For the quarter, we earned $34.3 million or $4.05 per share fully diluted with a return on equity of 23.5% and a return on assets of 2.7%. For the year, we earned record net income of $107.5 million, a $24 million or 29% increase over fiscal year net income of $83.4 million itself a record, per share fully diluted earnings was $12.74 with a return on equity of 19.7% and a return on assets of 2.3%. Tangible book value per share increased by $12.60 or 22% to $70.58 compared to June 30, 2025. Loan volume was strong, both in the quarter and the year. Loan volume for the quarter was $389.8 million, including record-breaking National Lending originations of $257.3 million and purchases of $94.4 million. Loan volume for the year was $1.95 billion, including national lending originations of $897.4 million, and purchases of $797.3 million. At year-end, total loans including loans held for sale increased by $802 million or 21% from June 30, 2025. Slide 7 has annual loan volumes in our National Lending division. Loan volumes in both FY '25 and FY '26 was $1.754 billion. This is a coincidence, not an error. NIM remained strong, 4.8% for the quarter and the year. As a reminder, CECL changed the accounting for allowance recovery on purchased loans such that it now runs through the provision and not interest income anymore. …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Richard N. Wayne | President, Chief Executive Officer & Director | USD 2,378,839 | Male | 1952 | Active |
Patrick Dignan | Executive Vice President & Chief Operating Officer | USD 1,876,525 | Male | 1963 | Active |
Robert Banaski | Senior Vice President & Chief Retail Banking Officer | USD 510,755 | Male | 1970 | Active |
Christine Downey | Chief Risk Officer | USD 492,886 | Female | 1965 | Active |
Julie A. Jenkins | Senior VP & Information Security Officer | USD 475,768 | Female | 1964 | Active |
Brian Fenwick | Managing Director of Loan Underwriting | — | Male | — | Active |
Christopher Cooper | General Counsel | — | Male | — | Active |
Santino Delmolino | Chief Financial Officer & Corporate Controller | — | Male | — | Active |
Heidi Jacques | Senior Vice President & Director of Human Resources | — | Female | — | Active |
Rebecca Rand | Senior Vice President & Director of Accounting | — | — | — | Active |
Northeast Bank delivered record Q4 2026 earnings, with EPS of $4.05, 19% above consensus and 35% higher year-over-year. NBN's national lending-driven loan portfolio grew 21%, driving assets to $5.2B and supporting robust ROA (2.71%) and ROE (23.5%) metrics. Despite an almost 30% YTD rally and a forward PE below 9, I rate NBN a cautious buy, citing operational excellence and improving asset quality.
Northeast Bank delivered record earnings and robust loan growth in fiscal Q4, yet trades at a historically high premium to tangible book value. NBN's net income surged to $4.05 per share, far exceeding expectations, with return on equity at 23.5% and an industry-leading efficiency ratio of 35.98%. Asset quality remains strong, with nonperforming assets at 0.67% and allowance coverage solid, supporting the premium valuation.
Northeast Bank (NBN) Q4 2026 Earnings Call Transcript
Northeast Bancorp NASDAQ: NBN reported record fiscal 2026 earnings, with fourth-quarter net income of $34.3 million, or $4.05 per diluted share, as loan growth, purchase-loan performance and asset-quality improvements supported results.
PORTLAND, Maine, July 27, 2026 (GLOBE NEWSWIRE) -- Northeast Bank (the "Bank") (NASDAQ: NBN), a Maine-based bank, today reported net income of $34. 3 million, or $4. 05 per diluted common share, for the quarter ended June 30, 2026, compared to net income of $25.
