Company Northeast Bank

NBN

US66405S1006

Banks

Analysts' Consensus

Business Summary

Sales per Business

Sales per region

Managers

Members of the board

Share class

Shareholders

Company contact information

Sector

Quarterly earnings - Rate of surprise

Sector Other Banks

Market Closed - Nasdaq Other stock markets 04:00:00 2024-04-15 pm EDT			5-day change	1st Jan Change
50.8 ^USD	-1.80%		-7.82%	-7.95%

Jan. 31	Transcript : Northeast Bank, Q2 2024 Earnings Call, Jan 31, 2024
Jan. 30	Northeast Bank Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2023	CI

Northeast Bank (the Bank) is a full-service financial institution. The Bank gathers retail deposits through its seven full-service branches in Maine and through its online deposit program, ableBanking; purchase and originate commercial loans, typically secured by real estate, on a nationwide basis through its National Lending Division, and originate loans through the Community Banking Division and Small Business Administration (SBA) National Division. The National Lending Division purchases primarily performing commercial real estate loans, on a nationwide basis, typically at a discount from their unpaid principal balances. The National Lending Division also originates commercial real estate and commercial and industrial loans on a nationwide basis. The SBA National Division originates loans to small businesses to help provide funding opportunities nationally. The Community Banking Division originates loans directly to businesses located in its market area.

Number of employees: 191

USD in Million	2022	Weight	2023	Weight	Delta
Banking and Related Activities 100.0 %	108	100.0 %	124	100.0 %	+15.00%

USD in Million	2022	Weight	2023	Weight	Delta
United States 100.0 %	132	100.0 %	124	100.0 %	-6.17%

Managers	Title	Age	Since
Richard N. Wayne CEO	Chief Executive Officer	72	10-12-28
Julie Jenkins CTO	Chief Tech/Sci/R&D Officer	61	-
Patrick Dignan COO	Chief Operating Officer	61	09-12-31
Darren Poirier TRE	Treasurer	-	-
Stevan Stromsky PRN	Corporate Officer/Principal	-	-
Rebecca Jones AUD	Comptroller/Controller/Auditor	-	-
Kelly Palmer PRN	Corporate Officer/Principal	-	-
Meegan Casey LAW	General Counsel	-	19-11-30
Heidi Jacques HRO	Human Resources Officer	-	11-04-30
Robert T. Banaski PRN	Corporate Officer/Principal	-	18-08-31

Members of the board	Title	Age	Since
Richard N. Wayne CEO	Chief Executive Officer	72	10-12-28
David Tanner BRD	Director/Board Member	65	10-12-28
Matthew Botein CHM	Chairman	51	10-12-28
John C. Orestis BRD	Director/Board Member	81	06-12-31
Cheryl Lynn Dorsey BRD	Director/Board Member	60	10-12-28
Judith E. Wallingford BRD	Director/Board Member	68	93-12-31
William P. Mayer BRD	Director/Board Member	73	21-03-04

	Vote	Quantity	Free-Float	Company-owned shares	Total Float
Stock A	1	7,804,052	7,656,948 ( 98.12 %)	0	98.12 %

Name	Equities	%	Valuation
BlackRock Advisors LLC 6.618 %	516,439	6.618 %	29 M $
Dimensional Fund Advisors LP 5.289 %	412,727	5.289 %	23 M $
Ovis Capital LLC 4.788 %	373,677	4.788 %	21 M $
Vanguard Fiduciary Trust Co. 4.416 %	344,633	4.416 %	19 M $
Basswood Capital Management LLC 3.740 %	291,901	3.740 %	16 M $
Pacific Ridge Capital Partners LLC 2.710 %	211,476	2.710 %	12 M $
Wellington Management Co. LLP 2.686 %	209,649	2.686 %	12 M $
BNY Mellon Investment Adviser, Inc. 2.091 %	163,170	2.091 %	9 M $
Renaissance Technologies LLC 2.063 %	160,984	2.063 %	9 M $
Trevian Wealth Management LLC 2.013 %	157,062	2.013 %	9 M $

Northeast Bank (Maine)

27 Pearl Street

04101, Portland

+207 786 3245

http://www.northeastbank.com

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

51.73 USD

Average target price

66 USD

Spread / Average Target

+27.59%

Consensus

Company calendar

Financials

Banking & Investment Services

Banking Services

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