Northeast Bank reports earnings, dividend actions, loan activity, and operating updates for a Maine-based bank that combines community banking with nationwide specialty lending. The bank provides personal and business banking in Maine, offers digital savings products through ableBanking, and generates lending activity through its National Lending Division and Small Business segment.
Recurring developments include commercial loan originations and purchases, commercial real estate exposure, SBA and insured small-balance business lending, deposit and funding trends, FHLB advance activity, cash management and treasury services, quarterly conference calls, and management or governance changes.
Northeast Bank (NASDAQ: NBN) reported net income of $22.5 million or $2.67 per diluted share for the quarter ended September 30, 2025, up from $17.1 million a year earlier. The Board declared a cash dividend of $0.01 per share payable November 25, 2025 to shareholders of record November 11, 2025.
The Bank reported a return on average equity of 17.6%, return on average assets of 2.1%, total assets of $4.17 billion (down 2.5% from June 30, 2025), quarterly loan originations and purchases of $278.4 million, and improved capital ratios with a Tier 1 leverage ratio of 12.2% and total risk-based capital ratio of 15.1%.
Northeast Bank (NASDAQ: NBN) will release its fiscal 2026 first quarter earnings on Tuesday, October 28, 2025.
The Bank will host a conference call with a simultaneous webcast at 10:00 a.m. ET on Wednesday, October 29, 2025, led by CEO Rick Wayne and CFO Richard Cohen, with Corporate Controller Santino Delmolino and COO Pat Dignan. A slide presentation will accompany the webcast.
Investors can register for phone access via the Bank’s phone registration link and view the live webcast through the Investor Relations section at www.northeastbank.com. A replay of the webcast will be available online for one year.
Northeast Bank (NASDAQ: NBN) announced a significant leadership transition as CFO Richard Cohen will step down effective October 31, 2025, to pursue other opportunities. The bank has appointed Santino Delmolino, currently serving as Corporate Controller, as the new CFO.
Delmolino brings substantial financial expertise from his previous roles at Fidelity Investments and KPMG. He holds degrees in Business Administration and Accounting from Western New England University and is a certified public accountant licensed in Massachusetts.
Cohen will continue in his role through the transition period, ensuring continuity in the bank's financial leadership. The change comes as Northeast Bank continues to operate its personal and business banking services in Maine through seven branches, alongside its National Lending Division and ableBanking online savings division.
Northeast Bank (NASDAQ: NBN) reported strong Q4 2025 financial results, with net income reaching $25.2 million ($3.00 per diluted share), up from $15.1 million ($1.91 per diluted share) in Q4 2024. For the full year 2025, net income was $83.4 million ($10.08 per diluted share), compared to $58.2 million in 2024.
The bank's total assets grew to $4.28 billion, a 36.6% increase year-over-year. The loan portfolio, including loans held for sale, expanded to $3.79 billion, up 37.3%. Quarterly loan originations and purchases totaled $365.6 million, with strong performance in National Lending and SBA divisions. The Board declared a cash dividend of $0.01 per share, payable on October 9, 2025.
Northeast Bank (NASDAQ: NBN) has rescheduled its fiscal 2025 fourth quarter earnings conference call to July 29, 2025 at 1:00 p.m. ET, moved from the previously announced date of July 31. The conference call will feature presentations from CEO Rick Wayne, CFO Richard Cohen, and COO Pat Dignan.
The bank will release its Q4 FY2025 earnings results on July 28, 2025. The presentation will be accessible via phone (registration required) and webcast through the bank's investor relations website. A replay will be available online for one year after the event.
Northeast Bank (NASDAQ: NBN) has scheduled its fiscal 2025 fourth quarter earnings release for Monday, July 28, 2025, followed by a conference call and webcast on Thursday, July 31, 2025 at 10:00 a.m. ET.
The conference call will feature presentations from key executives including CEO Rick Wayne, CFO Richard Cohen, and COO Pat Dignan. A slide presentation will accompany the webcast, which will be accessible through Northeast Bank's investor relations website. The webcast replay will be available online for one year.
Northeast Bank reported strong Q3 2025 financial results with net income of $18.7 million ($2.23 per diluted share), up from $13.9 million ($1.83 per diluted share) in Q3 2024. The bank declared a $0.01 cash dividend payable May 27, 2025.
Key highlights:
- National Lending Division generated $292.5 million in originated and purchased loans
- SBA 7(a) program grew to $121.3 million in quarterly originations
- Total loan portfolio reached $3.80 billion, up 37.7% from June 2024
- Total assets increased to $4.23 billion, a 35% rise
- Return on equity: 16.5%
- Return on assets: 1.9%
Deposits increased by $956.3 million (40.9%), primarily driven by time deposits. The bank's Tier 1 leverage capital ratio stood at 11.5%, while nonperforming assets were 0.79% of total assets. SBA loan sales of $73.6 million generated a $6.0 million gain.
Northeast Bank (NASDAQ: NBN) has announced it will release its fiscal 2025 third quarter earnings results on Tuesday, April 29, 2025. The bank will host a conference call and simultaneous webcast on Wednesday, April 30, 2025, at 10:00 a.m. ET.
The conference call will feature presentations from President and CEO Rick Wayne, CFO Richard Cohen, and COO Pat Dignan. A slide presentation will accompany the webcast, which can be accessed through the bank's website. Attendees are advised to join 15 minutes early to set up necessary audio software.
Northeast Bank operates seven branches in Maine, offering personal and business banking services. The bank's National Lending Division handles commercial loans nationwide, while its ableBanking division provides online savings products to consumers across the country.
Northeast Bank (NASDAQ: NBN) reported strong Q2 FY2025 results with net income of $22.4 million ($2.74 per diluted share), up from $14.1 million ($1.85 per diluted share) in Q2 FY2024. The National Lending Division generated $260.4 million in originated and purchased volume, including record originations of $246.4 million.
Key highlights include:
- Total assets reached $4.08 billion, increasing 30.4% from June 30, 2024
- SBA 7(a) loan originations grew to $100.3 million, with $64.5 million sold generating $5.6 million in gains
- Return on average equity of 21.1% and return on average assets of 2.2%
- Initiated new ATM offering up to $75.0 million of voting common stock
- Declared $0.01 per share dividend, payable March 4, 2025
Northeast Bank (NASDAQ: NBN) has announced it will release its fiscal 2025 second quarter earnings results on Thursday, February 6, 2025. The bank will host a conference call and simultaneous webcast on Friday, February 7, 2025, at 10:00 a.m. ET.
The conference call will feature presentations from President and CEO Rick Wayne, CFO Richard Cohen, and COO Pat Dignan. A slide presentation will accompany the webcast, which can be accessed through the bank's website. For those unable to attend the live broadcast, a replay will be available online for one year.
Northeast Bank operates as a full-service bank headquartered in Portland, Maine, with seven branches serving the Maine market. The bank's National Lending Division purchases and originates commercial loans nationwide, while its ableBanking division offers online savings products to consumers across the country.