Last $8.98 USD
Change Today +0.05 / 0.56%
Volume 5.9K
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As of 8:10 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

northeast bancorp (NBN) Snapshot

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04/23/14 - $10.06
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10/10/14 - $8.59
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northeast bancorp (NBN) Details

Northeast Bancorp operates as the bank holding company for Northeast Bank that provides a range of banking and financial services to individual and corporate customers in the United States. The company’s deposit products include demand deposit, NOW, money market, savings, and certificate of deposit accounts. Its loan portfolio comprises residential mortgage loans; multi-family and other commercial real estate loans; commercial business loans, such as term loans, lines of credit, and equipment and receivables financing; consumer loans comprising automobile, boat, and recreational vehicle loans; and residential construction loans. In addition, the company provides telephone banking, online banking and bill payment, mobile banking, and remote deposit capture services. As of June 30, 2014, it operated 10 full-service branches and 6 loan production offices located in western and south-central Maine, and southern New Hampshire. The company was founded in 1872 and is headquartered in Lewiston, Maine.

178 Employees
Last Reported Date: 09/29/14
Founded in 1872

northeast bancorp (NBN) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $500.0K
Chief Operating Officer and Chief Operating O...
Total Annual Compensation: $400.0K
Chief Risk Officer
Total Annual Compensation: $185.0K
Compensation as of Fiscal Year 2014.

northeast bancorp (NBN) Key Developments

Northeast Bancorp Announces Management Changes

Northeast Bancorp announced that Brian W. Shaughnessy has been appointed as the company's Chief Financial Officer and Treasurer, effective January 14, 2015. Mr. Shaughnessy will succeed Claire S. Bean, who will retain her responsibilities as the company's Chief Operating Officer. Mr. Shaughnessy joins the company directly from KPMG LLP where he worked since 2005 and served as a Senior Manager in their banking audit practice. His responsibilities at KPMG LLP included providing professional audit services to clients in the financial services sector.

Northeast Bancorp Declares Cash Dividend, Payable on November 20, 2014; Announces Unaudited Consolidated Earnings Results for the First Quarter Ended September 30, 2014

The Board of Directors of Northeast Bancorp has declared a cash dividend of $0.01 per share, payable on November 20, 2014 to shareholders of record as of November 6, 2014. The company announced unaudited consolidated earnings results for the first quarter ended September 30, 2014. For the quarter, the company reported total interest and dividend income of $11,232,000 against $8,791,000 a year ago. Net interest and dividend income after provision for loan losses was $9,151,000 against $7,030,000 a year ago. Income from continuing operations before income tax expense was $2,568,000 against $466,000 a year ago. Net income from continuing operations was $1,644,000 or $0.16 basic and diluted per share against $310,000 or $0.03 basic and diluted per share a year ago. Net income available to common stockholders was $1,644,000 or $0.16 basic and diluted per share against $320,000 or $0.03 basic and diluted per share a year ago. Return on average assets was 0.85% against 0.18% a year ago. Return on average equity was 5.80% against 1.12% a year ago. Net operating earnings (non-GAAP) were $1,696,000 or $0.17 basic per share against $511,000 or $0.05 basic per share a year ago. Book value per common share as on September 30, 2014 was $11.05 against $10.91 as at September 30, 2013. Tangible book value per share (non-GAAP) as on September 30, 2014 was $10.79 against $10.59 as at September 30, 2013.

Northeast Bancorp, Annual General Meeting, Nov 20, 2014

Northeast Bancorp, Annual General Meeting, Nov 20, 2014., at 10:00 US Eastern Standard Time. Location: Goodwin Procter LLP located at Exchange Place, 53 State Street. Agenda: To elect the three nominees as Class I directors, each to serve for a three-year term and until their respective successors are duly elected and qualified; to approve, on an advisory, non-binding basis, the compensation of named executive officers; to ratify the appointment of Ernst & Young LLP as independent registered public accounting firm for the fiscal year ending June 30, 2015; to approve, on an advisory, non-binding basis, the frequency of a shareholder vote to approve the compensation of the named executive officers; and to consider and act upon any other matters that are properly brought before the annual meeting and at any adjournments or postponements thereof.


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Valuation NBN Industry Range
Price/Earnings 22.0x
Price/Sales 2.3x
Price/Book 0.8x
Price/Cash Flow 21.9x
TEV/Sales 0.8x

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