Earnings Summary

Northeast Bank’s revenue jumped 25.93% since last year same period to $34.59Mn in the Q2 2023. On a quarterly growth basis, Northeast Bank has generated 4.9% jump in its revenue since last 3-months.

Northeast Bank’s net profit jumped 17.38% since last year same period to $12.09Mn in the Q2 2023. On a quarterly growth basis, Northeast Bank has generated -3.45% fall in its net profits since last 3-months.

Northeast Bank’s net profit margin fell -6.79% since last year same period to 34.93% in the Q2 2023. On a quarterly growth basis, Northeast Bank has generated -7.96% fall in its net profit margins since last 3-months.

Northeast Bank’s earning per share (EPS) estimates for the current quarter stand at 1.23 - a 1.65% jump from last quarter’s estimates.

Northeast Bank’s earning per share (EPS) estimates for the current year stand at 1.23.

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Northeast Bank’s return on assets (ROA) stands at 0.02.

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Northeast Bank’s return on equity (ROE) stands at 0.16.

Northeast Bank declared 0.01 dividend per share during the earnings announcement for Q1 2023.