Northeast Bank Q4 net income rises on record loan origination

Northeast Bank

27/07/2026 12:59

Overview
US commercial lender's fiscal Q4 net income rose 36% yr/yr to $34.3 mln
Diluted EPS for fiscal Q4 was $4.05, up from $3.00 a year ago
Quarterly results driven by record loan origination and higher interest income

Outlook
Company did not provide specific guidance for upcoming quarters or full-year results

Result Drivers
LOAN GROWTH - Record loan origination volume, especially in National Lending, drove higher interest income
CREDIT LOSS PROVISION - Lower provision for credit losses contributed to higher net income
NONINTEREST INCOME DECLINE - Lower gains on sale of SBA loans reduced noninterest income, partly offset by recovery of insured credit losses

Company press release: ID:nGNX64Tqt9

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 EPS
 
$4.05
 
Q4 Net Income
 
$34.30 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "hold."
Wall Street's median 12-month price target for Northeast Bank is $136.50, about 5.6% above its July 24 closing price of $129.24
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)