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 ...

Rick Wayne - President & Chief Executive Officer Patrick Dignan - Chief Operating Officer JP Lapointe - Senior Vice President & Chief Financial Officer Welcome to the Northeast Bank Third Quarter Fiscal Year 2023 Earnings Conference Call. My name is Olivia and I'll be your operator for today's call. This call is being recorded. With us today from the bank is Rick Wayne, President and Chief Executive Officer; JP Lapointe, Chief Financial Officer; and Pat Dignan, Executive Vice President and Chief Operating O ...

Company Participants Rick Wayne - President and CEO JP Lapointe - SVP and CFO Alex Twerdahl - Piper Sandler Welcome to the Northeast Bank Second Quarter FY 2023 Earnings Call. My name is Kevin, and I'll be your operator for today's call. This call is being recorded. Yesterday, an investor presentation was uploaded to the bank's website, which will be referenced in this morning's call. The presentation can be accessed at the Investor Relations section of northeastbank.com under the Events and Presentations. ...

FY23 Q2 Investor Call January 26, 2023 Forward-Looking Statement Statements in this presentation that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Although the Bank believes that these forward-looking statements are based on reasonable es ...

Northeast Bank (NASDAQ:NBN) Q1 2023 Earnings Conference Call November 1, 2022 10:00 AM ET Company Participants Rick Wayne - President & CEO Jean-Pierre Lapointe - CFO Pat Dignan - EVP & Chief Credit Officer Conference Call Participants Alexander Twerdahl - Piper Sandler Operator Welcome to the Northeast Bank First Quarter Fiscal Year 2023 Earnings Call. My name is Shannon, and I will be your operator for today's call. This call is being recorded. With us today from the bank is Mr. Rick Wayne, President and ...