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Northeast Bancorp (NBN)
:NBN
Earnings Data
Report Date
Apr 28, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
2.78Last Year’s EPS
1.83Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 06, 2025
|% Change Since: -6.66%
|Next Earnings Date:Apr 28, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong performance with record achievements in loan origination, SBA loans, and net income, alongside improvements in asset quality and liquidity. However, there were challenges with increased FDIC costs and lumpy purchase loan volumes.Company Guidance
During Northeast Bank's second quarter fiscal year 2025 earnings call, the bank reported record-breaking performance across several key metrics. They achieved $361 million in loan volume, with $246 million in originations and $100.3 million in SBA loans, of which $64.5 million were sold for a gain of $5.6 million. The bank also reported a record net income of $22.4 million and base net interest income of $45.6 million for the quarter. Tangible book value increased by 9% since the previous quarter, and their loan capacity stood at $856 million. Asset quality improved with a reduction in non-performing loans and assets. Additionally, the bank's liquidity position strengthened to $430 million on-balance sheet liquidity, with over $1 billion off-balance sheet capacity. The bank's leverage and total capital ratios were healthy at 11.2% and 13.9%, respectively, facilitating significant growth potential.Record Loan Origination
Northeast Bank originated $246 million in loans this quarter, marking a record high in loan origination.
Record SBA Loan Origination
The bank originated $100.3 million in SBA loans, with $64.5 million sold, generating a gain of $5.6 million.
Record Net Income
Net income reached $22.4 million, making it a record quarter for earnings, excluding the impact of PPP loan sales in fiscal 2021.
Increase in Tangible Book Value
Tangible book value increased by $4.49 or 9% since September 30, and by $5.95 or 13% over the six-month period.
Improved Asset Quality
The ratio of non-performing loans to total loans decreased from 106 basis points to 84 basis points.
Improved Liquidity Position
On-balance sheet liquidity improved to $430 million, and off-balance sheet capacity exceeded $1 billion.
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NBN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NBN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 06, 2025 | $106.33 | $109.55 | +3.03% |
| Oct 29, 2024 | $87.97 | $90.79 | +3.21% |
| Jul 29, 2024 | $71.98 | $72.73 | +1.04% |
| Apr 30, 2024 | $51.69 | $52.99 | +2.51% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Northeast Bancorp (NBN) report earnings?
Northeast Bancorp (NBN) is schdueled to report earning on Apr 28, 2025, TBA Not Confirmed.
What is Northeast Bancorp (NBN) earnings time?
Northeast Bancorp (NBN) earnings time is at Apr 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NBN EPS forecast?
NBN EPS forecast for the fiscal quarter 2025 (Q3) is 2.78.
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