Northeast Bank

NASDAQ:NBNUnited States

Apr 30, 2024

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• Northeast Bank Reports Third Quarter Results and Declares Dividend, from 4:17PM ET on Tuesday Apr 30, 2024 by GlobeNewswire

  4:17PM ET on Tuesday Apr 30, 2024 by GlobeNewswire
  Companies Mentioned: NBN

• Northeast Bank Reports Third Quarter Results and Declares Dividend, from 4:16PM ET on Tuesday Apr 30, 2024 by Dow Jones

  4:16PM ET on Tuesday Apr 30, 2024 by Dow Jones
  Companies Mentioned: NBN
  equity $ 351,913 $ 327,540 $ 311,569 $ 296,663 $ 283,869 Less: Preferred stock - - - - - --------- --------- --------- --- --------- Common shareholders' equity 351,913 327,540 311,569 296,663 283,869 Less: Intangible assets (5) - - - - - --------- --------- --------- --- --------- Tangible common shareholders' equity (non-GAAP) $ 351,913 $ 327,540 $ 311,569 $ 296,663 $ 283,869 ========= ========= ========= === ========= ========= Common shares outstanding 7,977,690 7,804,052 7,796,691 7,668,650 7,668,650 Book value per common share $ 44.11 $ 41.97 $ 39.96 $ 38.69 $ 37.02 Tangible book value per share (non-GAAP) (6) 44.11 41.97 39.96 38.69 37.02 (1) The net interest rate spread represents the difference between the weighted-average yield on interest-earning assets and the weighted-average cost of interest-bearing liabilities for the period. (2) The net interest margin represents net interest income as a percent of average interest-earning assets for the period. (3) The efficiency ratio represents noninterest expense divided by the sum of net interest income (before the credit loss provision) plus noninterest income. (4) For purposes of calculating this ratio, commercial real estate includes all non-owner occupied commercial real estate loans defined as such by regulatory guidance, including all land development and construction loans. (5) Includes the loan servicing rights asset. (6) Tangible book value per share represents total shareholders' equity less the sum of preferred stock and intangible assets divided by common shares outstanding.
  

• *DJ Northeast Bank 3Q EPS $1.83 >NBN, from 4:16PM ET on Tuesday Apr 30, 2024 by Dow Jones

  4:16PM ET on Tuesday Apr 30, 2024 by Dow Jones
  Companies Mentioned: NBN
  equity $ 351,913 $ 327,540 $ 311,569 $ 296,663 $ 283,869 Less: Preferred stock - - - - - --------- --------- --------- --- --------- Common shareholders' equity 351,913 327,540 311,569 296,663 283,869 Less: Intangible assets (5) - - - - - --------- --------- --------- --- --------- Tangible common shareholders' equity (non-GAAP) $ 351,913 $ 327,540 $ 311,569 $ 296,663 $ 283,869 ========= ========= ========= === ========= ========= Common shares outstanding 7,977,690 7,804,052 7,796,691 7,668,650 7,668,650 Book value per common share $ 44.11 $ 41.97 $ 39.96 $ 38.69 $ 37.02 Tangible book value per share (non-GAAP) (6) 44.11 41.97 39.96 38.69 37.02 (1) The net interest rate spread represents the difference between the weighted-average yield on interest-earning assets and the weighted-average cost of interest-bearing liabilities for the period. (2) The net interest margin represents net interest income as a percent of average interest-earning assets for the period. (3) The efficiency ratio represents noninterest expense divided by the sum of net interest income (before the credit loss provision) plus noninterest income. (4) For purposes of calculating this ratio, commercial real estate includes all non-owner occupied commercial real estate loans defined as such by regulatory guidance, including all land development and construction loans. (5) Includes the loan servicing rights asset. (6) Tangible book value per share represents total shareholders' equity less the sum of preferred stock and intangible assets divided by common shares outstanding.