Recap: Northeast Bank Q2 Earnings

Northeast Bancorp +2.01%

Northeast Bancorp

NBN

57.44

+2.01%

Northeast Bank (NASDAQ:NBN) reported its Q2 earnings results on Tuesday, January 30, 2024 at 04:16 PM.

Here's what investors need to know about the announcement.

Earnings

Northeast Bank beat estimated earnings by 7.56%, reporting an EPS of $1.85 versus an estimate of $1.72.

Revenue was up $8.41 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.45 which was followed by a 7.1% increase in the share price the next day.

Here's a look at Northeast Bank's past performance:

Quarter Q1 2024 Q4 2023 Q3 2023 Q2 2023
EPS Estimate 1.56 1.55 1.66 1.27
EPS Actual 2.01 1.61 1.69 1.54
Revenue Estimate 34.01M 34.38M 33.93M 27.25M
Revenue Actual 37.90M 35.27M 33.43M 30.05M

To track all earnings releases for Northeast Bank visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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