Northeast Bank
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Northeast Bank (NBN) investor relations material

Northeast Bank Q1 2027 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q1 2027 earnings summary27 Oct, 2026

Executive summary

  • Q1 FY27 net income was $29.0 million; ROE was 18.65% and ROA was 2.21%.

  • Loan generation totaled $534.3 million; total assets increased $125.8 million, or 2.4%, to $5.35 billion.

  • Strong lending pipelines and momentum entering Q2; available lending capacity was $1.58 billion using existing capital.

Financial highlights

  • Net income was $28.990 million, or $3.42 per diluted share, versus $29.853 million in Q4 FY26 and $22.541 million in Q1 FY26.

  • Net interest income was $58.9 million; NIM was 4.57%, versus 4.80% in Q4 FY26 and 4.59% in Q1 FY26.

  • Noninterest expense was $24.2 million, up $2.3 million YoY; the 26.2% effective tax rate reflected Q1 stock-vesting tax benefits.

Outlook and guidance

  • Management cited active purchase and origination pipelines and strong Q2 activity; originated-loan growth may vary with originations and payoffs.

  • Slower purchase-loan paydowns could support a modest NIM rebound, but payoff timing and rate marks make quarterly results difficult to forecast.

  • About $1.4 billion of CDs mature within three months; rollover costs may rise ~50 bps, implying ~15 bps of next-quarter cost-of-funds pressure, depending on brokered rates.

  • SBA loan sales of $35 million per quarter were characterized as a reasonable forward run rate.

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Frequently asked questions

Northeast Bank is a commercial bank that provides lending, deposit, and online banking services. The company focuses on originating and purchasing commercial real estate loans and offers other services including treasury management and personal banking. Northeast Bank serves clients both directly and through correspondent relationships across the United States. The company is headquartered in Portland, Maine, and its shares are listed on the NASDAQ.