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Northeast Bancorp (NBN)
NASDAQ:NBN
Earnings Data
Report Date
Apr 27, 2026Before Open (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
3Last Year’s EPS
2.23Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized substantial, well‑priced loan growth (purchases at ~92.6% of UPB with ~10.8% yields and record originations at ~7.5%–7.6%), strong profitability metrics (quarterly EPS ~$2.47, ROE ~15.6%), and solid capital and loan capacity. Short‑term headwinds included a modest NIM decline (down 0.10 pp), a temporary drop in SBA gain‑on‑sale income due to the government shutdown (reducing EPS by ~ $0.50), higher allowance driven by purchased loans, and elevated near‑term funding rollover risk ( ~$1.25B of CDs maturing). Management expects the late‑quarter loan additions to be accretive to NII and earnings in coming quarters. Overall, the positives from growth, loan yields, capital strength, and pipeline opportunities outweigh the transitory challenges discussed.Company Guidance
Record Quarter Loan Volume / Balance Sheet Growth
Total loan additions just under $900 million for the quarter (purchases ~ $533M and originations $252M). Ending loans were $4.4 billion, up from $3.7 billion as of September 30, and total assets ended the quarter at $4.95 billion. Management expects the larger loan book to be accretive to future net interest income.
Attractive Purchased Loan Acquisitions
Purchased portfolios totaled $575M UPB (purchase price ~$532M), implying purchases at ~92.6% of UPB. Purchased loans carried a weighted average yield to maturity of ~10.8%, providing significant future cash-on-cash yield.
Record Originations with Strong Yields
Originations were a record $252M for the quarter with a weighted average origination rate ~7.5%–7.6% and average loan size in the originated portfolio of ~$7.5M (two-thirds lender-financed, LTVs just over 50%).
Small Business / SBA & Insured Product Momentum
Small balance activity was meaningful: ~537 small-balance loans totaling ~$111M (of which ~$40M were SBA 7(a) and ~$71M were small-balance insured loans). SBA sales of $25M generated $2.1M gain on sale; management expects SBA originations to rebound to roughly $20M/month (~$50M–$60M/quarter) and sees strong demand for the insured product.
Solid Profitability and Returns
Reported net income of $20.7M for the quarter (diluted EPS ~$2.47–$2.49) and $43.3M YTD ($5.14 YTD EPS). Quarterly return on average assets 1.87% (2.0% YTD) and return on average equity 15.6% (16.6% YTD). Three‑year average ROE 17.7% and ROA 2.0%.
Strong Capital & Loan Capacity
Tier 1 leverage ratio at 12.2% and tangible book value $62.65 per share. Management noted roughly just under $1 billion of loan capacity as of December 31.
3-Year Growth Track Record
Three-year loan growth of 76%, three-year Maine deposit growth at 40.3%, three-year small business originations totaling $653M (with $448M sold). Three-year average NIM cited at 4.9%.
Pipeline and Market Opportunity
Management described an unusually full pipeline with multiple large incoming transactions driven by bank M&A (noting bank M&A was up ~45% in 2025 vs 2024), indicating a multi‑quarter opportunity set for purchases and originations.
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
NBN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 26, 2026 | $114.25 | $110.04 | -3.68% |
Oct 28, 2025 | $97.37 | $90.85 | -6.70% |
Jul 28, 2025 | $97.64 | $104.05 | +6.56% |
Apr 29, 2025 | $89.97 | $82.79 | -7.98% |
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.
FAQ
When does Northeast Bancorp (NBN) report earnings?
Northeast Bancorp (NBN) is schdueled to report earning on Apr 27, 2026, Before Open (Confirmed).
What is Northeast Bancorp (NBN) earnings time?
Northeast Bancorp (NBN) earnings time is at Apr 27, 2026, Before Open (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 2026 (Q3) is 3.