Northeast Bancorp (NASDAQ: NBN) – Northeast Bank: Third Quarter Results Snapshot

Actions of North-east shore (NASDAQ: NBN) was unchanged after the company’s third quarter earnings release.

Quarterly results

Earnings per share rose 523.81% over the past year to $ 1.31, beating the estimate of $ 0.21.

Revenues of $ 58,072,000 up 238.00% from the same period last year, which exceeded the estimate of $ 20,340,000.

Outlook

Northeast Bank has not released a revenue forecast at this time.

Northeast Bank has not released a revenue forecast at this time.

Recent equity performance

Company high in 52 weeks was $ 30.43

52 week low: $ 10.20

Price action in the last quarter: + 3.65%

Company Description

Northeast Bank provides banking and financial services to individuals and businesses in the United States. The company conducts its lending business through three main channels: the Community Banking Division, the Loan Acquisition and Management Group, and the Small Business Administration Division. Its loan portfolio includes residential mortgages; multi-family real estate loans and other commercial real estate loans; commercial and industrial loans, consumer loans and small business administration loans. The company also provides telephone banking, online banking, mobile banking and remote deposit capture services. The company’s income comes mainly from interest and dividends from the bank.

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