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Northeast Bancorp (NBN)
NASDAQ:NBN
Earnings Data
Report Date
Aug 05, 2025TBA Not Confirmed
Period Ending
2025 (Q4)Consensus EPS Forecast
2.57Last Year’s EPS
1.91Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Apr 29, 2025
|% Change Since: -7.77%
|Next Earnings Date:Aug 05, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong loan origination and significant growth in SBA loan volume, along with a year-over-year increase in net income. However, there were challenges such as a decrease in net interest income, increased tax rates, and reduced loan yields. These challenges slightly offset the positive achievements.Company Guidance
During the Northeast Bank Third Quarter Fiscal Year 2025 earnings call, several key financial metrics were highlighted, reflecting a strong quarter despite a decrease in net income compared to the previous linked quarter. The bank reported a loan volume of $414 million, comprising $74.6 million in purchased loans, $218 million in originated loans, and $121.3 million in SBA loans, marking substantial growth in the SBA segment. The net income stood at $18.7 million, which was $4.8 million higher than the same quarter last year but $3.7 million lower than the linked quarter. Return on equity (ROE) was 16.47%, and return on assets (ROA) was 1.86%, while the tangible book value reached $54.84. Notably, net interest income declined by $2.5 million due to less accelerated income from loan payoffs and a shorter quarter. Non-interest income increased by $700,000 to $6.6 million, primarily due to gains in the SBA sector. An uptick in the effective tax rate to 36.7% from 33% in the previous quarter was noted, attributed to the non-recurring tax expenses, including a $400,000 charge due to changes in Massachusetts tax law. The bank's provision for loan losses increased, with a significant portion attributable to the SBA segment. Overall, the results were underpinned by strong lending activity and a robust SBA loan origination pipeline, positioning the bank for continued growth.Strong Loan Volume
Achieved $414 million in loan volume, with $218 million in originated loans marking the second-best quarter for commercial real estate loan originations.
SBA Loan Growth
SBA loan volume increased to $121.3 million from about $100 million in the linked quarter, with 1,069 loans originated, making them one of the highest SBA lenders by units.
Net Income Increase Year-over-Year
Net income of $18.7 million, $4.8 million higher than the same quarter a year ago.
Tangible Book Value Growth
Tangible book value increased to $54.84.
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 |
|---|---|---|---|
Apr 29, 2025 | $89.99 | $82.81 | -7.98% |
Feb 06, 2025 | $106.32 | $109.54 | +3.03% |
Oct 29, 2024 | $87.96 | $90.78 | +3.21% |
Jul 29, 2024 | $71.98 | $72.73 | +1.04% |
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 Aug 05, 2025, TBA Not Confirmed.
What is Northeast Bancorp (NBN) earnings time?
Northeast Bancorp (NBN) earnings time is at Aug 05, 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 (Q4) is 2.57.