NASDAQ : NBN
Northeast Bank — Financial statements
Financials · Banks - Regional · United States
Last price 127.91 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.10B
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Financial statements
Income statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 366.81M | 350.10M | 306.96M | 242.72M | 168.89M | 87.59M |
| Interest Income on Investments | 18.42M | 18.86M | 18.58M | 15.16M | 8.28M | 944.00K |
| Total Interest Income | 385.23M | 368.95M | 325.54M | 257.89M | 177.17M | 88.54M |
| Interest Paid on Deposits | 128.37M | 127.14M | 121.98M | 88.39M | 48.08M | 4.53M |
| Interest Paid on Borrowings | 25.76M | 21.43M | 16.19M | 20.92M | 10.30M | 583.00K |
| Total Interest Expense | 154.13M | 148.57M | 138.17M | 109.31M | 58.38M | 5.11M |
| Net Interest Income | 231.10M | 220.38M | 187.37M | 148.57M | 118.80M | 83.42M |
| Gain (Loss) on Sale of Investments | -250.00K | 16.00K | 123.00K | -4.00K | -208.00K | -511.00K |
| Other Non-Interest Income | 6.97M | 4.36M | 2.17M | 2.62M | 4.87M | 24.71M |
| Total Non-Interest Income | 16.79M | 16.12M | 25.46M | 5.88M | 5.16M | 24.45M |
| Revenues Before Loan Losses | 247.89M | 236.50M | 212.83M | 154.45M | 123.96M | 107.87M |
| Provision for Loan Losses | 773.00K | -456.00K | 8.74M | 1.77M | 2.30M | -2.46M |
| Revenue | 247.12M | 236.96M | 204.09M | 152.68M | 121.66M | 110.33M |
| Salaries and Employee Benefits | 47.80M | 46.18M | 41.21M | 36.31M | 32.30M | 29.27M |
| Occupancy Expenses | 4.95M | 4.68M | 4.55M | 4.27M | 4.21M | 3.56M |
| Federal Deposit Insurance | 2.16M | 1.89M | 2.37M | 1.26M | 1.22M | 395.00K |
| Selling, General & Administrative | 18.84M | 18.57M | 15.95M | 13.99M | 11.90M | 9.04M |
| Other Non-Interest Expense | 18.42M | 18.57M | 14.41M | 8.89M | 7.09M | 6.34M |
| Total Non-Interest Expense | 92.18M | 89.90M | 78.48M | 64.73M | 56.73M | 48.60M |
| EBT Excluding Unusual Items | 154.94M | 147.06M | 125.60M | 87.95M | 64.93M | 61.73M |
| Asset Writedown | 122.00K | 122.00K | 94.00K | 161.00K | 285.00K | -182.00K |
| Pretax Income | 155.06M | 147.18M | 125.70M | 88.12M | 65.22M | 61.55M |
| Income Tax Expense | 41.13M | 39.70M | 42.25M | 29.89M | 21.03M | 19.39M |
| Net Income | 113.92M | 107.48M | 83.44M | 58.23M | 44.19M | 42.16M |
| Net Income to Common | 113.92M | 107.48M | 83.44M | 58.23M | 44.19M | 42.16M |
| Basic Shares Outstanding | 8.32M | 8.30M | 8.09M | 7.57M | 7.35M | 7.81M |
| Diluted Shares Outstanding | 8.45M | 8.44M | 8.28M | 7.68M | 7.41M | 7.90M |
| EPS (Basic) | 13.69 | 12.94 | 10.31 | 7.69 | 6.02 | 5.40 |
| EPS (Diluted) | 13.49 | 12.74 | 10.08 | 7.58 | 5.96 | 5.34 |
| Dividend Per Share | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 |
| Effective Tax Rate | 26.53% | 26.98% | 33.62% | 33.92% | 32.24% | 31.50% |
Balance sheet
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 347.74M | 432.77M | 413.47M | 242.06M | 197.81M | 169.48M |
| Investment Securities | 7.53M | 7.67M | 21.42M | 53.84M | 57.02M | 57.08M |
| Mortgage-Backed Securities | 135.52M | 89.96M | 1.28M | 2.16M | 3.15M | 4.63M |
| Total Investments | 143.05M | 97.64M | 22.70M | 55.99M | 60.17M | 61.71M |
| Gross Loans | 4.65B | 4.63B | 3.94B | 2.93B | 2.52B | 1.31B |
| Allowance for Loan Losses | -58.29M | -58.42M | -47.93M | -26.71M | -7.30M | -5.03M |
| Other Adjustments to Gross Loans | -140.70M | -179.11M | -178.84M | -369.00K | -598.00K | |
| Net Loans | 4.60B | 4.43B | 3.71B | 2.72B | 2.51B | 1.30B |
| Property, Plant & Equipment | 22.97M | 23.01M | 24.70M | 27.14M | 27.74M | 9.61M |
| Loans Held for Sale | 100.18M | 107.20M | 33.77M | 14.51M | ||
| Accrued Interest Receivable | 20.58M | 19.42M | 16.90M | 15.16M | 6.64M | |
| Restricted Cash | 1.60M | 150.00K | 100.00K | 100.00K | 2.60M | |
| Long-Term Deferred Tax Assets | 13.13M | 16.08M | 13.71M | 13.26M | 8.59M | |
| Other Real Estate Owned & Foreclosed | 9.37M | 9.60M | 560.00K | |||
| Other Long-Term Assets | 76.89M | 60.95M | 26.98M | 27.84M | 26.52M | 29.32M |
| Total Assets | 5.35B | 5.23B | 4.28B | 3.13B | 2.87B | 1.58B |
| Interest Bearing Deposits | 3.60B | 3.31B | 3.06B | 2.09B | 1.72B | 939.19M |
| Institutional Deposits | 197.10M | 156.00M | 107.10M | 74.10M | 19.50M | |
| Non-Interest Bearing Deposits | 182.16M | 180.14M | 159.27M | 146.73M | 143.74M | 329.01M |
| Total Deposits | 3.79B | 3.69B | 3.38B | 2.34B | 1.94B | 1.29B |
| Current Portion of Long-Term Debt | 324.21M | 311.00M | 15.00M | |||
| Current Portion of Leases | 2.58M | |||||
| Long-Term Debt | 221.00K | |||||
| Federal Home Loan Bank Debt, Long-Term | 847.76M | 514.73M | 320.19M | 345.19M | 251.62M | |
| Long-Term Leases | 17.17M | 14.71M | 19.04M | 20.25M | 21.92M | 4.45M |
| Other Long-Term Liabilities | 75.11M | 77.89M | 69.95M | 50.66M | 51.53M | 27.07M |
| Total Liabilities | 4.73B | 4.62B | 3.78B | 2.76B | 2.57B | 1.33B |
| Common Stock | 8.58M | 8.55M | 8.53M | 8.13M | 7.67M | 7.44M |
| Additional Paid-In Capital | 97.50M | 101.30M | 98.73M | 64.76M | 42.84M | 38.75M |
| Retained Earnings | 523.07M | 494.17M | 387.04M | 303.93M | 246.87M | 202.98M |
| Comprehensive Income & Other | -757.00K | -165.00K | -2.00K | -183.00K | -718.00K | -850.00K |
| Shareholders' Equity | 628.40M | 603.85M | 494.29M | 376.63M | 296.66M | 248.32M |
| Total Liabilities & Equity | 5.35B | 5.23B | 4.28B | 3.13B | 2.87B | 1.58B |
| Total Debt | 864.94M | 856.22M | 339.24M | 365.44M | 584.53M | 19.67M |
| Net Cash (Debt) | -517.20M | -423.44M | 74.23M | -123.38M | -386.72M | 149.81M |
| Net Cash Per Share | -61.22 | -50.18 | 8.97 | -16.07 | -52.16 | 18.96 |
| Filing Date Shares Outstanding | 8.58M | 8.60M | 8.58M | 8.22M | 7.80M | 7.54M |
| Total Common Shares Outstanding | 8.58M | 8.56M | 8.53M | 8.13M | 7.67M | 7.44M |
| Book Value Per Share | 73.22 | 70.58 | 57.98 | 46.34 | 38.69 | 33.37 |
| Tangible Book Value | 628.40M | 603.85M | 494.29M | 376.63M | 296.66M | 248.32M |
| Tangible Book Value Per Share | 73.22 | 70.58 | 57.98 | 46.34 | 38.69 | 33.37 |
Cash flow statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 107.48M | 83.44M | 58.23M | 44.19M | 42.16M | |
| Depreciation & Amortization | 3.14M | 3.15M | 3.06M | 3.21M | 2.60M | |
| Gain (Loss) on Sale of Assets | 297.00K | -11.00K | 73.00K | -155.00K | ||
| Gain (Loss) on Sale of Investments | -15.00K | -501.00K | -312.00K | 354.00K | 985.00K | |
| Provision for Credit Losses | -76.88M | -53.48M | -42.63M | -7.70M | -13.84M | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | -66.06M | 21.93M | -6.79M | 1.22M | -101.00K | |
| Change in Other Net Operating Assets | -28.65M | 18.62M | -10.80M | 21.32M | -4.11M | |
| Other Operating Activities | 2.25M | -2.65M | -205.00K | -5.41M | 1.17M | |
| Operating Cash Flow | -62.54M | 54.13M | 2.56M | 60.11M | 30.50M | |
| Capital Expenditures | -1.45M | -707.00K | -2.45M | -2.46M | -1.06M | |
| Investment in Securities | -75.74M | 34.04M | 5.23M | 1.14M | 3.09M | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -646.35M | -954.83M | -170.04M | -1.21B | -252.55M | |
| Other Investing Activities | -18.63M | 1.66M | 9.01M | -22.97M | 1.57M | |
| Investing Cash Flow | -742.16M | -919.85M | -158.25M | -1.23B | -248.95M | |
| Short-Term Debt Issued | 296.00M | |||||
| Long-Term Debt Issued | 543.52M | 116.00M | 260.00M | |||
| Total Debt Issued | 543.52M | 116.00M | 556.00M | |||
| Short-Term Debt Repaid | -311.00M | |||||
| Long-Term Debt Repaid | -26.54M | -26.21M | -24.09M | -9.93M | -16.66M | |
| Total Debt Repaid | -26.54M | -26.21M | -335.09M | -9.93M | -16.66M | |
| Net Debt Issued (Repaid) | 516.98M | -26.21M | -219.09M | 546.07M | -16.66M | |
| Issuance of Common Stock | 31.25M | 18.24M | 8.00M | |||
| Repurchase of Common Stock | -5.34M | -3.67M | -1.16M | -5.61M | -28.20M | |
| Common Dividends Paid | -345.00K | -335.00K | -306.00K | -295.00K | -315.00K | |
| Net Increase (Decrease) in Deposit Accounts | 314.16M | 1.04B | 402.26M | 649.51M | -574.74M | |
| Other Financing Activities | -1.49M | -50.00K | ||||
| Financing Cash Flow | 825.46M | 1.04B | 199.94M | 1.20B | -619.96M | |
| Net Cash Flow | 20.75M | 171.46M | 44.25M | 25.83M | -838.41M | |
| Free Cash Flow | -63.99M | 53.42M | 111.00K | 57.64M | 29.44M | |
| Free Cash Flow Margin | -27.01% | 26.17% | 0.07% | 47.38% | 26.68% | |
| Free Cash Flow Per Share | -7.58 | 6.45 | 0.01 | 7.78 | 3.73 | |
| Cash Interest Paid | 152.28M | 129.65M | 108.41M | 46.46M | 5.73M | |
| Cash Income Tax Paid | 33.57M | 41.43M | 35.52M | 28.25M | 17.99M |
Ratios
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.11B | 1.13B | 758.67M | 485.52M | 319.55M | 279.28M |
| Last Close Price | 124.09 | 132.52 | 88.95 | 60.80 | 41.60 | 36.43 |
| PE Ratio | 9.61 | 10.55 | 9.09 | 8.34 | 7.23 | 6.62 |
| PS Ratio | 4.31 | 4.79 | 3.72 | 3.18 | 2.63 | 2.53 |
| PB Ratio | 1.69 | 1.88 | 1.53 | 1.29 | 1.08 | 1.12 |
| P/FCF Ratio | 14.20 | 4,374.07 | 5.54 | 9.49 | ||
| P/OCF Ratio | 14.02 | 189.58 | 5.32 | 9.16 | ||
| Debt / Equity Ratio | 1.38 | 1.42 | 0.69 | 0.97 | 1.97 | 0.08 |
| Debt / FCF Ratio | 6.35 | 3,292.27 | 10.14 | 0.67 | ||
| Net Debt / Equity Ratio | 0.82 | 0.70 | -0.15 | 0.33 | 1.30 | -0.60 |
| Net Debt / FCF Ratio | -6.62 | -1.39 | 1,111.57 | 6.71 | -5.09 | |
| Return on Equity (ROE) | 19.95% | 19.57% | 19.16% | 17.30% | 16.22% | 17.54% |
| Return on Assets (ROA) | 2.39% | 2.26% | 2.25% | 1.94% | 1.98% | 2.24% |
| Earnings Yield | 10.40% | 9.48% | 11.00% | 11.99% | 13.83% | 15.10% |
| FCF Yield | -6.01% | -5.64% | 7.04% | 0.02% | 18.04% | 10.54% |
| Dividend Yield | 0.03% | 0.03% | 0.04% | 0.07% | 0.10% | 0.11% |
| Payout Ratio | 0.30% | 0.32% | 0.40% | 0.53% | 0.67% | 0.75% |
| Buyback Yield / Dilution | -1.08% | -1.94% | -7.79% | -3.57% | 6.18% | 5.47% |
| Total Shareholder Return | -1.04% | -1.91% | -7.75% | -3.51% | 6.28% | 5.58% |