Northeast Bank

Northeast Bank ( NBN ) Q1 2027 Earnings Call October 27, 2026 10:00 AM EDT Company Participants Richard Wayne - President, CEO & Director Santino Delmolino - CFO & Corporate Controller Patrick Dignan - Executive VP & COO Conference Call Participants Damon Del Monte - Keefe, Bruyette, & Woods, Inc., Research Division Bader Hijleh - Piper Sandler & Co., Research Division Presentation Operator Welcome to the Northeast Bank First Quarter Fiscal Year 2027 Earnings Call. My name is Towanda, and I will be your operator for today's call.

Northeast Bancorp NASDAQ: NBN reported fiscal first-quarter net income of $29 million, or $3.42 per diluted share, for the quarter ended Sept. 30, as record National Lending originations and loan purchases supported portfolio growth.

Northeast Bank remains a Buy as strong growth, solid asset quality, and attractive earnings valuation outweigh premium book multiples and minor credit concerns. NBN's net interest income rose from $48.6M to $58.1M, with net income up to $5.4M, driven by loan and deposit growth despite a slight margin compression. High-cost brokered deposits now continue to climb, but uninsured deposits are minimal at 4.1% based on 2026 figures, mitigating liquidity risk.

PORTLAND, Maine, Oct. 26, 2026 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN), a Maine-based bank, today reported net income of $29.0 million, or $3.42 per diluted common share, for the quarter ended September 30, 2026, compared to net income of $22.5 million, or $2.67 per diluted common share, for the quarter ended September 30, 2025.