Northeast Bank ( NASDAQ:NBN ) shareholders might be concerned after seeing the share price drop 10% in the last...
Please note that this presentation contains forward-looking statements about Northeast Bank. Forward-looking statements are based upon the current expectations of Northeast Bank's management and are subject to risks and uncertainties.
PORTLAND, Maine, April 25, 2022 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN), a Maine-based full-service bank, today reported net income of $10.6 million, or $1.36 per diluted common share, for the quarter ended March 31, 2022, compared to net income of $34.2 million, or $4.06 per diluted common share, for the quarter ended March 31, 2021. Net income for the nine months ended March 31, 2022 was $31.9 million, or $3.98 per diluted common share, compared to $50.1 million, or $6.01