Company Overview - Northeast Bank is a full-service bank headquartered in Portland, Maine, offering personal and business banking services through seven branches [1] - The bank's National Lending Division engages in purchasing and originating commercial loans nationwide [1] - ableBanking, a division of Northeast Bank, provides online savings products to consumers across the country [1] Upcoming Earnings Release - Northeast Bank will release its fiscal 2024 fourth quarter earnings results on July 29, 2024 [2] - A conference call will be held on August 1, 2024, at 10:00 a.m. ET, featuring key executives including the President and CEO, CFO, and COO [2] Conference Call Details - The conference call can be accessed via phone registration, and a live webcast will be available on the bank's website [3] - Attendees are encouraged to visit the website at least 15 minutes prior to the call for registration and software installation [3] - A replay of the webcast will be available online for one year after the event [3]

Thank you, Alex. Company Participants Conference Call Participants Operator Yesterday, an investor presentation was uploaded to the Bank's website, which we will reference in this morning's call. The presentation can be accessed at the Investor Relations section of northeastbank.com under Events and Presentations. You may find it helpful to download this investor presentation and follow along during the call. Also, this call will be available for rebroadcast on the website for future use. I will now turn th ...

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 ...

PORTLAND, Maine, April 25, 2024 (GLOBE NEWSWIRE) -- Northeast Bank (the "Bank") (NASDAQ:NBN), a Maine-based full-service bank, announced today it will release its fiscal 2024 third quarter earnings results on Tuesday, April 30, 2024. Following the release, the Bank will host a conference call with a simultaneous webcast at 10:00 a.m. ET on Wednesday, May 1, 2024. The conference call will be hosted by Rick Wayne, President and Chief Executive Officer, Richard Cohen, Chief Financial Officer, and Pat Dignan, C ...

PORTLAND, Maine, April 25, 2024 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN), a Maine-based full-service bank, announced today it will release its fiscal 2024 third quarter earnings results on Tuesday, April 30, 2024. Following the release, the Bank will host a conference call with a simultaneous webcast at 10:00 a.m. ET on Wednesday, May 1, 2024. The conference call will be hosted by Rick Wayne, President and Chief Executive Officer, Richard Cohen, Chief Financial Officer, and Pat Dignan, ...

Company Participants Conference Call Participants Operator I will now turn the call over to Rick Wayne. Mr. Wayne, you may begin. First, talking about the loan volume in the quarter. The purchased loans activity of $186.1 million invested on $208 million of UPB or 89.5% purchase price is our second strongest purchase quarter only behind the approximate $1 billion of loans purchased one year ago, so very, very strong. And on that topic, on the purchase loan market, weÂ're seeing a fair amount of good, very g ...

Forward-Looking Statement (1) Unpaid principal balance. (2) National Lending originations for Q2 FY24 were 100% variable rate, of which 37% were Prime-rate based and 63% were SOFR-based. National Lending originations for YTD FY24 were 90% variable rate, of which 50% were Prime-rate based and 50% were SOFR-based. (3) Q2 and YTD FY24 National Lending originations had a weighted average floor rate of 7.78% and 8.09%, respectively. (4) Purchased loan return for Q2 and YTD FY24 included $2.5 million and $5.3 mil ...

Rick Wayne - President and Chief Executive Officer JP Lapointe - Chief Financial Officer Pat Dignan - Executive Vice President and Chief Operating Officer Welcome to the Northeast Bank First Quarter Fiscal Year 2024 Earnings Call. My name is Victor, and I will be your operator for today's call. This call is being recorded. Please note that this presentation contains forward-looking statements about Northeast Bank. Forward-looking statements are based upon the current expectations of Northeast Bank's managem ...

September 30, 2023 September 30, 2022 Net Change | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------------------------------|------------------|--------------------|-------|------------------|--------------------|-------|------------------|------------|--------| | Dollars in thousands | Balance | WAR | Mix | Balance | WAR | Mix | Balance | % | WAR | | Community Banking | | | | | | | | | | | Banking Centers | $725,563 3.70% | | 37% | $581,520 0.69% | | 45% | $144,043 25% | | 3.01% | | Gove ...

Northeast Bank (NASDAQ:NBN) Q4 2023 Earnings Conference Call July 25, 2023 10:00 AM ET Company Participants Alexander Twerdahl - Piper Sandler Good day, and thank you for standing by. Welcome to the Northeast Bank Fourth Quarter Fiscal Year 2023 Earnings Call. At this time, all participants are in a listen-only mode. After the speakers??? presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded. Richard Wayne Starting with ...