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Northeast Bank Reports Fourth Quarter Results, Record Annual Earnings and Declares Dividend

Northeast Bank Reports Fourth Quarter Results, Record Annual Earnings and Declares Dividend
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Fête nationale to present inverted parade at the Place des Festivals

Fête nationale to present inverted parade at the Place des Festivals

Installation pays homage to different aspects of the history of Québécois culture. Author of the article: Brendan Kelly  •  Montreal Gazette Publishing date: Jun 16, 2021  •  10 hours ago  •  3 minute read  •  Artistic director Ghislain Turcotte on the site that will host the Fête nationale activities in Montreal on Wednesday, June 16, 2021. Photo by Allen McInnis /Montreal Gazette Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. Article content Ghislain Turcotte had quite the dilemma. How do you plan a parade in these pandemic times when large groups of people aren’t supposed to get together?

Northeast Bank Announces Increased Share Repurchase Program

Northeast Bank Announces Increased Share Repurchase Program Nachrichtenquelle: globenewswire  |  26.04.2021, 14:44  |  44   |  0  PORTLAND, Maine, April 26, 2021 (GLOBE NEWSWIRE) Northeast Bank (the “Bank”) (NASDAQ: NBN) announced today that its Board of Directors has approved an increase to its previously approved share repurchase program from 600,000 shares to 1,000,000 shares of common stock, or up to $25.0 million, representing approximately 12.0% of the Bank’s common stock outstanding. Repurchases under this program may be made in open market transactions. The timing and actual number of shares repurchased will depend on a variety of factors including price, corporate and regulatory requirements, market conditions, and other corporate liquidity requirements and priorities. The repurchase program does not obligate the Bank to

Northeast Bank Reports Record Third Quarter Results and Declares Dividend

Northeast Bank Reports Record Third Quarter Results and Declares Dividend PORTLAND, Maine, April 21, 2021 (GLOBE NEWSWIRE) Northeast Bank (the “Bank”) (NASDAQ: NBN), a Maine-based full-service bank, today reported record net income of $34.2 million, or $4.06 per diluted common share, for the quarter ended March 31, 2021, compared to net income of $1.9 million, or $0.21 per diluted common share, for the quarter ended March 31, 2020. Net income for the nine months ended March 31, 2021 was $50.1 million, or $6.01 per diluted common share, compared to $11.5 million, or $1.25 per diluted common share, for the nine months ended March 31, 2020. Net income for the three and nine months ended March 31, 2021 included $33.0 million of net gains on the sale of Paycheck Protection Program (“PPP”) loans originated and sold during the quarter ended March 31, 2021 under the current round of PPP, which had an after-tax earnings per diluted common share impact of $2.75 and $2.80, respective

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