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NBN — Northeast Bank News Story

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Northeast Bank reports results for the quarter ended June 30 - Earnings Summary

Northeast Bank NBN.OQ reported quarterly adjusted earnings of $3.00​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $1.91.  The mean expectation of two analysts for the quarter was for earnings of $2.57 per share. Wall Street expected results to range from $2.54  to $2.60 per share.

Revenue was $62.70 million​; analysts expected $56.50 million.

Northeast Bank's reported EPS for the quarter was $3.00​.

The company reported quarterly net income of $25.22 million.

Northeast Bank shares had risen by 7.7% this quarter and gained 4.5% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 9.1% in the last three months.​

In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

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 also "buy"

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

This summary was machine generated from LSEG data July 28 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDINGESTIMATEACTUALBEAT, MET, MISSED
Jun. 30 20252.573.00Beat
Mar. 31 20252.772.23Missed
Dec. 31 20242.572.74Beat
Sep. 30 20241.772.11Beat

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