Northeast Bank Reports Third Quarter Results and Declares Dividend

April 30, 2024

https://www.globenewswire.com/news-release/2024/04/30/2872804/9518/en/Northeast-Bank-Reports-Third-Quarter-Results-and-Declares-Dividend.html

PORTLAND, Maine, April 30, 2024 (GLOBE NEWSWIRE) — Northeast Bank (the “Bank”) (NASDAQ:NBN), a Maine-based full-service bank, today reported net income of $13.9 million, or $1.83 per diluted common share, for the quarter ended March 31, 2024, compared to net income of $12.5 million, or $1.69 per diluted common share, for the quarter ended March 31, 2023. Net income for the nine months ended March 31, 2024 was $43.1 million, or $5.67 per diluted common share, compared to $32.1 million, or $4.35 per diluted common share, for the nine months ended March 31, 2023.

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