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Last $10.38 USD
Change Today +0.07 / 0.68%
Volume 4.9K
As of 8:10 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

northeast bancorp (NBN) Key Developments

Northeast Bancorp Declares Cash Dividend, Payable on May 26, 2015; Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended March 31, 2015

The Board of Directors of Northeast Bancorp declared a cash dividend of $0.01 per share, payable on May 26, 2015 to shareholders of record as of May 12, 2015. The company announced unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2015. For the quarter, the company reported total interest and dividend income of $10,913,000 against $8,717,000 a year ago. Net interest and dividend income after provision for loan losses was $9,076,000 against $6,932,000 a year ago. Income from continuing operations before income tax expense was $2,745,000 against $724,000 a year ago. Net income from continuing operations was $1,752,000 or $0.18 per basic and diluted share against $437,000 or $0.04 per basic and diluted share a year ago. Net income was $1,752,000 against $437,000 a year ago. Basic and diluted earnings per share were $0.18 against $0.04 a year ago. Return on average assets was 0.88% against 0.24% a year ago. Return on average equity was 6.38% against 1.55% a year ago. Book value per common share was $11.46 as on March 31, 2015 against $10.93 as on March 31, 2014. Tangible book value per common share was $11.22 as on March 31, 2015 against $10.64 as on March 31, 2014. For the nine months, the company reported total interest and dividend income of $33,402,000 against $28,147,000 a year ago. Net interest and dividend income after provision for loan losses was $27,540,000 against $22,827,000 a year ago. Income from continuing operations before income tax expense was $7,786,000 against $3,277,000 a year ago. Net income from continuing operations was $4,976,000 or $0.50 per basic and diluted share against $2,158,000 or $0.21 per basic and diluted share a year ago. Net income was $4,976,000 against $2,150,000 a year ago. Basic and diluted earnings per share were $0.50 against $0.21 a year ago.

Northeast Bancorp to Report Q3, 2015 Results on Apr 30, 2015

Northeast Bancorp announced that they will report Q3, 2015 results at 5:00 PM, Eastern Standard Time on Apr 30, 2015

Northeast Bancorp, Q3 2015 Earnings Call, May 01, 2015

Northeast Bancorp, Q3 2015 Earnings Call, May 01, 2015

Northeast Bancorp Appoints Brian Pinheiro as its Chief Risk Officer, Effective March 3, 2015

Northeast Bancorp announced that Brian Pinheiro has been appointed as the company's Chief Risk Officer, effective March 3, 2015. Mr. Pinheiro joins the company from Corporate Finance Group Inc. where he served as Managing Director providing consulting services to financial institutions and banking clients, including Northeast Bank. He had been retained by the Bank as its Interim Controller for the past several months. Prior to his role at CFGI, Mr. Pinheiro was an Audit Manager in the Financial Services practice at Deloitte & Touche, Boston.

Northeast Bancorp Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2014; Declares Cash Dividend, Payable on February 26, 2015

Northeast Bancorp reported unaudited consolidated earnings results for the second quarter and six months ended December 31, 2014. For the quarter, total interest and dividend income was $11.259 million against $10.640 million a year ago. Net interest and dividend income after provision for loan losses was $9.426 million against $8.866 million a year ago. Income from continuing operations before income tax expense was $2.473 million against $2.087 million a year ago. Net income from continuing operations was $1.580 million or $0.16 per basic and diluted share against $1.411 million or $0.13 per basic and diluted share a year ago. Net income was $1.580 million or $0.16 per basic and diluted share against $1.393 million or $0.13 per basic and diluted share a year ago. For the six months, total interest and dividend income was $22.491 million against $19.430 million a year ago. Net interest and dividend income after provision for loan losses was $18.467 million against $15.895 million a year ago. Income from continuing operations before income tax expense was $5.042 million against $2.553 million a year ago. Net income from continuing operations was $3.224 million or $0.32 per basic and diluted share against $1.721 million or $0.16 per basic and diluted share a year ago. Net income was $3.224 million or $0.32 per basic and diluted share against $1.713 million or $0.16 per basic and diluted share a year ago. The board of directors of the company declared a cash dividend of $0.01 per share, payable on February 26, 2015 to shareholders of record as of February 12, 2015.

 

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Industry Analysis

NBN

Industry Average

Valuation NBN Industry Range
Price/Earnings 14.5x
Price/Sales 2.3x
Price/Book 0.9x
Price/Cash Flow 14.3x
TEV/Sales NM Not Meaningful
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