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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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Northeast Bank Announces Increased Share Repurchase Program

Northeast Bank Announces Increased Share Repurchase Program
Nachrichtenquelle: globenewswire
| 26.04.2021, 14:44 |
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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 ....

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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, resp ....

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Northeast Bank Mourns the Loss of Chairman Robert R. Glauber Nasdaq:NBN

PORTLAND, Maine, Feb. 18, 2021 (GLOBE NEWSWIRE) Northeast Bank (the Bank ) (NASDAQ: NBN) announced today the passing on February 14 of the Chairman of its Board of Directors, Robert R. Glauber. Mr. Glauber had served as Chairman of the Board since 2010, Chair of the Bank s Governance Committee and a member of its Compensation Committee. ....

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Northeast Bank Announces Dates for Fiscal 2021 Second Quarter Earnings Results and Conference Call

Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Northeast Bank Announces Dates for Fiscal 2021 Second Quarter Earnings Results and Conference Call
Northeast BankJanuary 22, 2021 GMT
PORTLAND, Maine, Jan. 22, 2021 (GLOBE NEWSWIRE) Northeast Bank (the “Bank”) (NASDAQ: NBN), a Maine-based full-service bank, announced today it will release its fiscal 2021 second quarter earnings results on Wednesday, January 27, 2021. Following the release, the Bank will host a conference call with a simultaneous webcast at 10:00 a.m. EST on Thursday, January 28, 2021. The conference call will be hosted by Rick Wayne, President and Chief Executive Officer, JP Lapointe, Chief Financial Officer, and Pat Dignan, Executive Vice President and Chief Credit Officer. ....

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