Northeast Bank
NASDAQ Global MarketCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Richard N. Wayne
- Full Time Employees
- 211
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 27 Pearl Street Portland ME United States of America 04101
- IPO Date
- Aug 19, 1987
- CIK
- 0000811831
- Website
- northeastbank.com
- Similar Companies
- Business
- Northeast Bank operates as a full-service financial institution headquartered in Portland, Maine, founded in 1872 through predecessor institutions and evolving via mergers including Bethel Savings Bank and Brunswick Federal Savings. It offers comprehensive personal and business banking products within Maine through its Community Banking group, including demand deposit accounts, checking, savings, money market, certificate of deposit accounts, credit cards, residential mortgages, and various consumer loans. Its business banking services feature savings and deposit accounts, cash management products, business credit cards, commercial and industrial loans such as term loans, lines of credit, equipment and receivables financing, as well as small business loans. The bank also provides nationwide commercial loan origination and acquisition through its National Lending group, specializing in commercial real estate loans, bridge lending, private lender finance, and secondary market loan acquisitions. Additionally, the ableBanking division offers online savings products to consumers across the United States. Recent strategic developments include a substantial expansion of its loan portfolio through the acquisition of primarily commercial real estate loans totaling approximately $805 million in unpaid principal balances, marking one of the largest quarterly loan purchase volumes in its history. This growth is financed primarily through brokered deposits and advances from the Federal Home Loan Bank. The bank has expressed ongoing interest in opportunistic acquisitions and plans to leverage excess capital by acquiring high-quality, higher-yielding assets. Additionally, in late 2025, the company underwent executive leadership transition with the appointment of a new Chief Financial Officer. Northeast Bank continues to emphasize strong profitability supported by its efficient business model and robust capital position, as well as its reputation as a reliable counterparty in the commercial loan purchase market. Northeast Bank operates mainly in the U.S. Northeast, with a network of seven branches serving Maine and a national footprint for its loan origination and acquisition business. Its target markets include individual consumers, small and medium-sized businesses, and real estate investors. The bank's continuing innovation in digital banking services supports both retail and commercial financial management needs. The company trades on NASDAQ under the ticker NBN and has been recognized as a top-performing community bank, maintaining a strong market position through diversified financial services and strategic portfolio growth.
Northeast Bank: Strong Q4 Results Validate Its Valuation
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Northeast Bank (NBN) Q4 2026 Earnings Call Transcript
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Northeast Bank Reports Fourth Quarter Results and Declares Dividend
Northeast Bank Reports Fourth Quarter Results and Declares Dividend
Northeast Bank Announces Dates for Fiscal 2026 Fourth Quarter Earnings Results and Conference Call
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Northeast Bank (NBN) Q3 2026 Earnings Call Transcript
Northeast Bank Reports Third Quarter Results and Declares Dividend
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Northeast Bank Announces Dates for Fiscal 2026 Third Quarter Earnings Results and Conference Call
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Northeast Bank (NBN) Q2 2026 Earnings Call Transcript