Northeast Bank Q1 2024 Earnings Report

Northeast Bank EPS Results

• Actual EPS: $2.01
• Consensus EPS: $1.56
• Beat/Miss: Beat by +$0.45
• One Year Ago EPS: N/A

Northeast Bank Revenue Results

• Actual Revenue: $37.90 million
• Expected Revenue: $34.01 million
• Beat/Miss: Beat by +$3.89 million
• YoY Revenue Growth: N/A

Northeast Bank Announcement Details

• Quarter: Q1 2024
• Date: 10/23/2023
• Time: N/A

Northeast Bank (NASDAQ:NBN) provides banking services to individual and corporate customers in Maine. The company's deposit products include demand deposit, NOW, money market, savings, certificate of deposit, and individual retirement accounts, as well as checking accounts. Its loan portfolio comprises residential mortgage loans; multi-family and other commercial real estate loans; commercial and industrial loans, such as term loans, lines of credit and equipment, and receivables financing; consumer loans comprising mobile home and overdraft, and deposit-secured loans; and small business administration loans. In addition, the company offers telephone banking, online banking and bill payment, mobile banking, cash management, and remote deposit capture services, as well as debit and credit card, ATM, electronic transfer, and check services. Further, it provides various services, such as money market, merchant, and payroll and HR. Northeast Bank was founded in 1872 and is headquartered in Portland, Maine.