Northeast Bank (OQ:NBN)
Business Focus: Banks
Mostly sunny as of January 01, 2025
For the latest outlook, get the company report
Insider Filings
Latest 10 SEC Form 4 filings for NBN*US within the last 6 months
See all filings within the past 6 months
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Company News
Dec 09, 2024 08:45 ET
Northeast Bank Announces Commencement of At-the-Market Offering of Voting Common Stock
Northeast Bank (the “Bank”) (NASDAQ: NBN) announced today that it has entered into an equity distribution agreement with Piper Sandler & Co. (“Piper Sandler”) and Keefe, Bruyette & Woods, Inc. (“KBW”) for the offer and sale from time to time of...
Oct 29, 2024 16:53 ET
Northeast Bank Reports First Quarter Results and Declares Dividend
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...
Valuation Ratios
Industry
Sector
Beta
1.08
--
--
Price to Sales - TTM
5.20
3.18
4.11
Price to Book - most recent quarter
2.11
1.19
1.39
Price to Cash Flow per share - TTM
13.13
13.28
13.74
Price to Free Cash Flow per share - TTM
102.59
18.47
18.91
Business Summary
| Sector: Financials | Industry: Banks |
Northeast Bank (the Bank) is a full-service financial institution. The Bank gathers retail deposits through its seven full-service branches in Maine and through its online deposit program, ableBanking; purchase and originate commercial loans, typically secured by real estate, on a nationwide basis through its National Lending Division, and originate loans through the Community Banking Division and Small Business Administration (SBA) National Division. The National Lending Division purchases primarily performing commercial real estate loans, on a nationwide basis, typically at a discount from their unpaid principal balances. The National Lending Division also originates commercial real estate and commercial and industrial loans on a nationwide basis. The SBA National Division originates loans to small businesses to help provide funding opportunities nationally. The Community Banking Division originates loans directly to businesses located in its market area.
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