Northeast Bank (NBN) investor relations material

Executive summary

• Net income for Q3 2026 was $38.5 million ($3.53 per diluted share), with year-to-date net income at $120.3 million, reflecting strong profitability and up from $29.9 million in prior reports.

• Record quarterly originated loan volume reached $344.7 million, with $253.9 million from National Lending and $25.3 million in purchases.

• Total assets surpassed $5 billion, increasing 17.6% from June 2025, driven by loan growth.

• Maintained robust asset quality, with NPAs/assets at 0.93% and allowance for credit losses at 1.36% of total loans.

• Board declared a $0.01 per share dividend, payable May 26, 2026.

Financial highlights

• Net interest margin for Q3 FY26 was 5.15%, with a total return on purchased loans of 9.51%.

• EPS (diluted) for Q3 FY26 was $3.53, and year-to-date EPS reached $8.67.

• Tangible book value per share increased to $66.35 as of March 31, 2026.

• Efficiency ratio improved to 35.49% from 38.32% year-over-year.

• Return on equity was 21.7% for the quarter and 18.36% year-to-date.

Outlook and guidance

• Management expects continued strong origination volume, especially in national lending and small business lending.

• SBA loan volumes are expected to remain subdued due to regulatory changes and recent government shutdown.

• Anticipates more purchase opportunities as M&A and other sources remain active.

• Margin expected to remain strong, with limited further cost of funds relief anticipated.