Northeast Bank (NBN) 10-Year Financial Performance & Capital Metrics

NBN • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingNortheast Community Banks

AboutNortheast Bank provides banking services to individual and corporate customers in Maine. The company's deposit products include demand deposit, NOW, money market, savings, certificate of deposit, and individual retirement accounts, as well as checking accounts. Its loan portfolio comprises residential mortgage loans; multi-family and other commercial real estate loans; commercial and industrial loans, such as term loans, lines of credit and equipment, and receivables financing; consumer loans comprising mobile home and overdraft, and deposit-secured loans; and small business administration loans. In addition, the company offers telephone banking, online banking and bill payment, mobile banking, cash management, and remote deposit capture services, as well as debit and credit card, ATM, electronic transfer, and check services. It operates a network of nine branches in Western, Central, and Southern Maine. Northeast Bank was founded in 1872 and is headquartered in Portland, Maine.Show more

Net Interest Income $187M +26.1%
Total Revenue $351M +34.7%
Net Income $83M +43.3%
Return on Equity 19.16% +10.8%
Net Interest Margin 4.38% -7.7%
Efficiency Ratio 22.33% -5.1%
ROA 2.25% +16.1%
Equity / Assets 11.55% -3.9%
Book Value per Share 59.71 +21.7%
Tangible BV/Share 59.63 +21.9%
Debt/Equity 0.69 -29.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 29.7%
✓Strong NIM of 4.4%
✓Efficient operations: 22.3% efficiency ratio
✓Well capitalized: 11.6% equity/assets
✓Good 3Y average ROE of 17.6%
✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y21.46%

5Y29.92%

3Y47.32%

TTM-

Profit (Net Income) CAGR

10Y27.87%

5Y29.7%

3Y25.55%

TTM43.3%

EPS CAGR

10Y30.2%

5Y31.85%

3Y23.59%

TTM32.63%

ROCE

10Y Avg15.35%

5Y Avg19.93%

3Y Avg13.91%

Latest14.82%

Peer Comparison

Northeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DCOMDime Community Bancshares, Inc.	1.37B	31.13	56.60	0.1%	4.5%	4.02%	6.79%	0.70
EBCEastern Bankshares, Inc.	4.4B	19.56	29.64	91.64%	11.17%	1.3%	6.14%	0.01
LYGLloyds Banking Group plc	80.5B	5.48	21.92	10.79%	11.75%	9.93%		1.76
CFGCitizens Financial Group, Inc.	26.03B	60.61	20.00	1.31%	12.22%	6.6%	7.22%	0.51
PFSProvident Financial Services, Inc.	2.65B	20.29	19.32	63.91%	10.13%	7.51%	16.04%	0.93
CBUCommunity Bank System, Inc.	3.3B	62.73	18.24	24.44%	19.4%	10.34%	6.71%	0.57
VLYValley National Bancorp	6.7B	12.02	17.42	6.51%	10.65%	6.53%	8.18%	0.50
INDBIndependent Bank Corp.	3.8B	76.62	16.95	6.89%	19.72%	7.76%	5.51%	0.23

Profit & Loss

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Net Interest Income+	39.38M	47.83M	53.31M	62.32M	64.99M	67.09M	83.42M	118.8M	148.57M	187.37M
NII Growth %	0.05%	0.21%	0.11%	0.17%	0.04%	0.03%	0.24%	0.42%	0.25%	0.26%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	47.23M	57.92M	65.89M	81.83M	83.68M	78.13M	88.54M	177.17M	257.89M	325.54M
Interest Expense	7.86M	10.1M	12.58M	19.51M	18.7M	11.04M	5.11M	58.38M	109.31M	138.17M
Loan Loss Provision	1.62M	1.59M	1.41M	1.31M	4.5M	-1.4M	-2.46M	2.3M	1.77M	8.74M
Non-Interest Income+	6.41M	7.96M	5.67M	4.2M	11.13M	68.77M	21.24M	2.74M	2.63M	25.46M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	53.64M	65.88M	71.57M	86.03M	94.81M	146.89M	109.78M	179.91M	260.51M	351M
Revenue Growth %	0.07%	0.23%	0.09%	0.2%	0.1%	0.55%	-0.25%	0.64%	0.45%	0.35%
Non-Interest Expense	32.44M	34.05M	34.38M	45.6M	38.33M	36.16M	45.58M	54.02M	61.31M	78.39M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	11.72M	20.14M	23.2M	19.61M	33.28M	101.09M	61.55M	65.22M	88.12M	125.7M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.05%	0.72%	0.15%	-0.15%	0.7%	2.04%	-0.39%	0.06%	0.35%	0.43%
Pretax Income+	11.72M	20.14M	23.2M	19.61M	33.28M	101.09M	61.55M	65.22M	88.12M	125.7M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	4.1M	7.8M	7.03M	5.73M	10.54M	29.59M	19.39M	21.03M	29.89M	42.25M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	7.62M	12.34M	16.17M	13.88M	22.74M	71.5M	42.16M	44.19M	58.23M	83.44M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.07%	0.62%	0.31%	-0.14%	0.64%	2.14%	-0.41%	0.05%	0.32%	0.43%
Net Income (Continuing)	7.62M	12.34M	16.17M	13.88M	22.74M	71.5M	42.16M	44.19M	58.23M	83.44M
EPS (Diluted)+	0.80	1.38	1.77	1.52	2.53	8.55	5.34	5.96	7.58	10.08
EPS Growth %	0.11%	0.72%	0.28%	-0.14%	0.66%	2.38%	-0.38%	0.12%	0.27%	0.33%
EPS (Basic)	0.80	1.39	1.82	1.54	2.57	8.64	5.40	6.02	7.69	10.31
Diluted Shares Outstanding	9.48M	8.95M	9.13M	9.16M	8.99M	8.36M	7.9M	7.41M	7.68M	8.28M

Balance Sheet

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	151.16M	163.28M	157.4M	56.91M	143.66M	1.01B	172.08M	197.91M	242.16M	413.62M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	798.18M	876.92M	961.84M	1.06B	1.06B	1.1B	1.36B	2.57B	2.79B	3.73B
Investments Growth %	0.11%	0.1%	0.1%	0.1%	0.01%	0.03%	0.24%	0.89%	0.08%	0.34%
Long-Term Investments	697.61M	780.23M	880.77M	980.21M	999.12M	1.04B	1.31B	2.52B	2.74B	3.72B
Accounts Receivables	0	0	0	0	0	0	0	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	3.5M	4.15M	3.84M	3.29M	2.11M	2.06M	1.28M	1.53M	984K	699K
PP&E (Net)	7.8M	6.94M	6.59M	5.58M	9.67M	11.27M	9.61M	27.74M	27.14M	24.7M
Other Assets	25.52M	25.59M	28.07M	32.1M	38.16M	50.3M	38.24M	62.89M	56.31M	91.99M
Total Current Assets	251.73M	259.98M	238.47M	132.68M	208.57M	1.07B	226.99M	257.95M	306.3M	445.82M
Total Non-Current Assets	734.42M	816.9M	919.27M	1.02B	1.05B	1.1B	1.36B	2.61B	2.83B	3.83B
Total Assets+	986.15M	1.08B	1.16B	1.15B	1.26B	2.17B	1.58B	2.87B	3.13B	4.28B
Asset Growth %	0.16%	0.09%	0.08%	-0%	0.09%	0.73%	-0.27%	0.81%	0.09%	0.37%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.02%	0.04%	0.02%	0.02%	0.02%	0.02%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	54.53M	44.5M	39.56M	30.15M	59.32M	36.11M	34.45M	584.53M	365.44M	339.24M
Net Debt	-96.62M	-118.78M	-117.84M	-26.75M	-84.34M	-974.38M	-137.63M	386.62M	123.28M	-74.48M
Long-Term Debt	53.41M	43.63M	38.96M	29.83M	42.38M	30.05M	15M	251.62M	345.19M	313.07M
Short-Term Debt	0	0	0	0	12.44M	0	15M	313.55M	0	7.12M
Other Liabilities	14.6M	19.72M	24.8M	27.75M	21.23M	43.47M	12.29M	51.53M	50.66M	69.95M
Total Current Liabilities	800.43M	889.85M	954.94M	942.37M	1.02B	1.86B	1.3B	2.25B	2.34B	3.38B
Total Non-Current Liabilities	69.13M	64.23M	64.37M	57.91M	68.1M	79.58M	31.75M	325.07M	416.11M	399.45M
Total Liabilities	869.56M	954.08M	1.02B	1B	1.09B	1.94B	1.33B	2.57B	2.76B	3.78B
Total Equity+	116.59M	122.8M	138.43M	153.58M	164.74M	232.39M	248.32M	296.66M	376.63M	494.29M
Equity Growth %	0.03%	0.05%	0.13%	0.11%	0.07%	0.41%	0.07%	0.19%	0.27%	0.31%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.07%	0.1%	0.12%	0.1%	0.14%	0.36%	0.18%	0.16%	0.17%	0.19%
Book Value per Share	12.29	13.72	15.16	16.77	18.32	27.80	31.42	40.01	49.05	59.71
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	9.32M	8.83M	8.94M	9.04M	8.2M	8.15M	7.44M	7.67M	8.13M	8.53M
Additional Paid-in Capital	83.02M	77.45M	77.02M	78.09M	68.3M	64.42M	38.75M	42.84M	64.76M	98.73M
Retained Earnings	26.16M	38.14M	54.24M	67.58M	89.96M	161.13M	202.98M	246.87M	303.93M	387.04M
Accumulated OCI	-1.91M	-1.63M	-1.76M	-1.14M	-1.72M	-1.31M	-850K	-718K	-183K	-2K
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Cash from Operations+	5.09M	33.99M	19.45M	18.77M	16.31M	8.34M	30.5M	60.11M	2.56M	54.13M
Operating CF Growth %	-0.76%	5.67%	-0.43%	-0.03%	-0.13%	-0.49%	2.66%	0.97%	-0.96%	20.14%
Net Income	7.62M	12.34M	16.17M	13.88M	22.74M	71.5M	42.16M	44.19M	58.23M	83.44M
Depreciation & Amortization	2.11M	1.88M	1.73M	1.76M	2.95M	2.6M	2.6M	3.21M	3.06M	3.15M
Deferred Taxes	2.12M	-1.02M	498K	-3.73M	-4.39M	-713K	819K	-4.72M	-285K	-2.44M
Other Non-Cash Items	-7.59M	15.34M	-4.26M	4.05M	-10.47M	-64.01M	-12.85M	-7.32M	-52.95M	-55.42M
Working Capital Changes	223K	4.51M	4.45M	1.45M	4.37M	-2.02M	-4.11M	21.32M	-10.8M	18.62M
Cash from Investing+	-67.64M	-93.68M	-83.6M	-89.38M	1.5M	27.46M	-248.95M	-1.23B	-158.25M	-919.85M
Purchase of Investments	-45.16M	-19.53M	-26.17M	-32.97M	-15.04M	-42.82M	-16.93M	-26.05M	-20.6M	-7.64M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	0	0	0	0	0
Other Investing	-67.79M	-94.66M	-90.19M	-95.27M	-8.59M	24.63M	-250.98M	-1.23B	-161.03M	-953.18M
Cash from Financing+	123.85M	71.82M	58.27M	-29.89M	68.94M	831.03M	-619.96M	1.2B	199.94M	1.04B
Dividends Paid	-380K	-357K	-355K	-359K	-358K	-331K	-315K	-295K	-306K	-335K
Share Repurchases	-3.36M	-6.94M	0	0	-11.47M	-5.74M	-27.98M	-5.16M	0	0
Stock Issued	0	0	0	0	0	0	0	8M	18.24M	31.25M
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	-1000K	-1000K	-282K	1000K	1000K	-1000K	1000K	-1000K	-1000K
Other Financing	125.67M	89.37M	63.89M	-12.75M	69.72M	826.03M	-575.01M	647.57M	401.09M	1.03B
Net Change in Cash+	61.31M	12.13M	-5.88M	-100.5M	86.75M	866.83M	-838.41M	25.83M	44.25M	171.46M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	89.85M	151.16M	163.28M	157.4M	56.91M	143.66M	1.01B	172.08M	197.91M	242.16M
Cash at End	151.16M	163.28M	157.4M	56.91M	143.66M	1.01B	172.08M	197.91M	242.16M	413.62M
Interest Paid	7.77M	9.5M	12.17M	19.09M	18.82M	11.34M	5.73M	46.46M	108.41M	129.65M
Income Taxes Paid	2.17M	7.67M	5.34M	4.41M	13.29M	32.46M	17.99M	28.25M	35.52M	41.43M
Free Cash Flow+	3.9M	33.3M	18.47M	18.48M	15.15M	7.08M	29.44M	57.64M	111K	53.42M
FCF Growth %	-0.81%	7.53%	-0.45%	0%	-0.18%	-0.53%	3.16%	0.96%	-1%	480.26%

Banking Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	6.64%	10.31%	12.38%	9.51%	14.29%	36.01%	17.54%	16.22%	17.3%	19.16%
Return on Assets (ROA)	0.83%	1.2%	1.45%	1.2%	1.89%	4.17%	2.24%	1.98%	1.94%	2.25%
Net Interest Margin	3.99%	4.44%	4.6%	5.4%	5.17%	3.09%	5.27%	4.14%	4.74%	4.38%
Efficiency Ratio	60.48%	51.69%	48.03%	53%	40.43%	24.62%	41.52%	30.03%	23.54%	22.33%
Equity / Assets	11.82%	11.4%	11.96%	13.31%	13.1%	10.69%	15.69%	10.34%	12.02%	11.55%
Book Value / Share	12.29	13.72	15.16	16.77	18.32	27.8	31.42	40.01	49.05	59.71
NII Growth	5.38%	21.44%	11.47%	16.91%	4.28%	3.23%	24.35%	42.4%	25.06%	26.12%
Dividend Payout	4.99%	2.89%	2.2%	2.59%	1.57%	0.46%	0.75%	0.67%	0.53%	0.4%

Frequently Asked Questions

Valuation & Price

Northeast Bank (NBN) has a price-to-earnings (P/E) ratio of 11.5x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Northeast Bank (NBN) grew revenue by 34.7% over the past year. This is strong growth.

Yes, Northeast Bank (NBN) is profitable, generating $83.4M in net income for fiscal year 2025 (23.8% net margin).

Dividend & Returns

Northeast Bank (NBN) does not currently pay a meaningful dividend. The company may be reinvesting profits for growth.

Northeast Bank (NBN) has a return on equity (ROE) of 19.2%. This is reasonable for most industries.

Industry Metrics

Northeast Bank (NBN) has a net interest margin (NIM) of 4.4%. This indicates healthy earnings from lending activities.

Northeast Bank (NBN) has an efficiency ratio of 22.3%. This is excellent, indicating strong cost control.

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