- Northeast Bank press release ( NASDAQ: NBN ): Q4 GAAP EPS of $1.35 beats by $0.20 .
- Revenue of $27.76M (+26.8% Y/Y) beats by $1.9M .
- Net income decreased by $11.1 million to $10.3 million for the quarter ended June 30, 2022, compared to net income of $21.4 million for the quarter ended June 30, 2021.
- Shareholders’ equity increased by $15.9 million, or 6.9%, from June 30, 2021, primarily due to net income of $42.2 million, partially offset by the repurchase of 821 thousand shares of common stock at a weighted average price per share of $34.09, which resulted in a $28.0 million decrease to shareholders’ equity.
- Net interest and dividend income before provision for loan losses increased by $5.5 million to $23.6 million for the quarter ended June 30, 2022, compared to $18.1 million for the quarter ended June 30, 2021.
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Northeast Bank GAAP EPS of $1.35 beats by $0.20, revenue of $27.76M beats by $1.9M