Northeast Bancorp (NBN) Tops Q1 EPS by 3c

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Go back to Northeast Bancorp (NBN) Tops Q1 EPS by 3c

Northeast Bank Reports Third Quarter Results and Declares Dividend

April 24, 2023 4:16 PM EDT

PORTLAND, Maine, April 24, 2023 (GLOBE NEWSWIRE) -- Northeast Bank (the Bank) (NASDAQ: NBN), a Maine-based full-service bank, today reported net income of $12.5 million, or $1.69 per diluted common share, for the quarter ended March 31, 2023, compared to net income of $10.6 million, or $1.36 per diluted common share, for the quarter ended March 31, 2022. Net income for the nine months ended March 31, 2023 was $32.1 million, or $4.35 per diluted common share, compared to $31.9 million, or $3.98 per diluted common share, for the nine months ended March 31, 2022.

The Board of Directors declared a cash dividend of $0.01 per share, payable on May 19, 2023, to shareholders of... More