Northeast Bank Q4 net income rises to $25.2 mln

Northeast Bank

28/07/2025 21:28

Overview

Northeast Bank fiscal Q4 net income rises to $25.2 mln, driven by record net interest income

EPS for fiscal Q4 increases to $3.00, reflecting improved profitability

Loan portfolio grows 37.3% yr/yr, total assets increase 36.6% yr/yr

Result Drivers

NET INTEREST INCOME - Record net interest income primarily drove earnings, per CEO Rick Wayne

LOAN PORTFOLIO GROWTH - Loan portfolio increased 37.3% yr/yr, contributing to higher interest income

SBA LOAN SALES - Gain on sale of SBA loans boosted noninterest income by $6.8 mln

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 EPS
$3
Q4 Net Income
$25.20 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 "buy"

Wall Street's median 12-month price target for Northeast Bank is $100.00, about 4.1% above its July 25 closing price of $95.88

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nGNX96mRfx

(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.)