东北银行 2026年三季度报告

Northeast Bank Reports Second Quarter Results and Declares Dividend January 26, 2026 at 6:34 PM EST PORTLAND, Maine, Jan. 26, 2026 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN), a Maine-based bank, today reported netincome of $20.7 million, or $2.47 per diluted common share, for the quarter ended December 31, 2025, compared to net income of $22.4 million, or$2.74 per diluted common share, for the quarter ended December 31, 2024. Net income for the six months ended December 31, 2025 was $43.3 The Board of Directors declared a cash dividend of $0.01 per share, payable on February 25, 2026, to shareholders of record as of February 11, 2026. "The Bank generated strong loan activity during the second fiscal quarter,” said Rick Wayne, Chief Executive Officer. “Quarterly loan volume totaled$895.7 million, consisting of $532.9 million of purchased loans at an average price of 92.6% of unpaid principal balance, a record $252.4 million ofNational Lending originated loans, $39.8 million of SBA 7(a) loans and $70.6 million of insured small balance business loans. Total loans at December31, 2025 were $4.35 billion, representing an increase of $594.4 million or 15.8% over June 30, 2025. The majority of the loan activity occurred late in As of December 31, 2025, total assets were $4.95 billion, an increase of $668.2 million, or 15.6%, from total assets of $4.28 billion as of June 30, 1.The following table highlights the changes in the loan portfolio, including loans held for sale, for the six months ended December 31, 2025: National Lending PurchasedNational Lending Originated Loans generated during the quarter ended December 31, 2025 totaled $895.7 million, which consisted of $532.9 million of purchased loans at anaverage price of 92.6% of unpaid principal balance, $252.4 million of National Lending originated loans, $39.8 million of Small Business Administration An overview of the Bank’s National Lending Division portfolio follows: Loans purchased or originated during the period:Unpaid principal balanceInitial net investment basis (1) Loan returns during the period:YieldTotal Return on Purchased Loans (2) (1) Initial net investment basis on purchased loans is the initial amortized cost basis net of initial allowance for credit losses (credit mark).(2) The total return on purchased loans represents scheduled accretion, accelerated accretion, gains (losses) on real estate owned, release ofallowance for credit losses on purchased loans, and other noninterest income recorded during the period divided by the average invested balance on 2.Deposits increased by $443.6 million, or 13.1%, from June 30, 2025. The increase was primarily attributable to an increase in time deposits of$457.9 million, or 20.4%, compared to the prior year. The significant drivers in the change in time deposits was an increase in brokered time deposits, 3.Federal Home Loan Bank (“FHLB”) advances increased by $180.9 million, or 56.5%, from June 30, 2025. The increase was attributable toadvances taken to fund a portion of the loan purchases during the quarter ended December 31, 2025. 4.Shareholders’ equity increased by $41.7 million, or 8.4%, from June 30, 2025, primarily due to net income of $43.3 million for the fiscal year to datethrough December 31, 2025, partially offset by the cancellation of restricted stock to cover tax obligations on restricted stock vests, which had a $1.4 Net income decreased by $1.7 million to $20.7 million for the quarter ended December 31, 2025, compared to net income of $22.4 million for thequarter ended December 31, 2024, due to the following: 1.Net interest and dividend income before provision for credit losses increased by $311 thousand to $48.8 million for the quarter ended December31, 2025, compared to $48.5 million for the quarter ended December 31, 2024. The increase was primarily due to the following: A decrease in deposit interest expense of $1.9 million, primarily due to lower rates on interest-bearing deposits,partially offset by higher average balances; partially offset by,A decrease in interest income earned on loans of $727 thousand, primarily due to lower rates earned across theportfolios, partially offset by higher average balances in the National Lending Division and SBA portfolios; andAn increase in interest expense on FHLB advances of $478 thousand, due to higher average balances. (1) Includes loans held for sale. The components of total income on purchased loans are set forth in the table below entitled “Total Return on Purchased Loans.” When compared tothe quarter ended December 31, 2024, transactional income decreased by $25 thousand for the quarter ended December 31, 2025, and regularlyscheduled interest and accretion decreased by $3.9 million, primarily due to decreases in rates. The total return on purchased loans for the quarter (1) The total return on purchased loans represents scheduled accretion, accelerated accretion, gains (losses) on real estate owned, re