Rick Wayne Reports Q3 Tangible Book Value per Share at $66.35
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 27 2026
0mins
Should l Buy NBN?
Reports Q3 tangible book value per share $66.35. Reports Q3 CET1 capital ratio 12.95%. "I am pleased to report another quarter of excellent earnings and record origination volume," said Rick Wayne, CEO. "Net income of $29.9 million resulted in a return on average equity of 21.7% and a return on average assets of 2.4%. Quarterly loan volume totaled $344.7 million, which included a record $253.9 million of National Lending originated loans. We crossed five billion dollars in total assets this quarter, with total loans, including loans held for sale, at March 31, 2026 of $4.56 billion, representing an increase of $769.5 million, or 20.3%, over June 30, 2025."
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Analyst Views on NBN
Wall Street analysts forecast NBN stock price to fall
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 115.180
Low
98.00
Averages
106.50
High
115.00
Current: 115.180
Low
98.00
Averages
106.50
High
115.00
About NBN
Northeast Bank (the Bank) is a full-service financial institution. The Bank gathers retail deposits through its seven full-service branches in Maine and through its online deposit program, ableBanking; purchase and originate commercial loans, typically secured by real estate, on a nationwide basis through its National Lending Division, and originate loans through the Community Banking Division and Small Business Administration (SBA) National Division. The National Lending Division purchases primarily performing commercial real estate loans, on a nationwide basis, typically at a discount from their unpaid principal balances. The National Lending Division also originates commercial real estate and commercial and industrial loans on a nationwide basis. The SBA National Division originates loans to small businesses to help provide funding opportunities nationally. The Community Banking Division originates loans directly to businesses located in its market area.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Northeast Bank Declares Quarterly Dividend
- Quarterly Dividend Announcement: Northeast Bank has declared a quarterly dividend of $0.01 per share, consistent with previous distributions, indicating the company's ongoing commitment to stable dividends amidst market fluctuations.
- Dividend Yield: The forward yield stands at 0.03%, reflecting the company's dividend attractiveness in the current market environment; while the yield is relatively low, it still provides investors with a steady cash flow.
- Payment Schedule: The dividend is payable on May 26, with a record date of May 12 and an ex-dividend date also on May 12, ensuring shareholders receive their dividends promptly, which enhances shareholder confidence.
- Historical Performance Reference: The dividend performance aligns with Northeast Bank's historical earnings, allowing investors to refer to its dividend scorecard and yield chart to assess the company's long-term financial health and dividend growth potential.
See More
Northeast Bank Q1 Earnings Highlights
- Earnings Per Share: Northeast Bank reported a GAAP EPS of $2.49 for Q1, indicating stable profitability amidst market fluctuations, which is crucial for maintaining investor confidence.
- Net Income Growth: The bank's net income stood at $20.7 million, demonstrating its ability to remain profitable despite economic uncertainties, thereby enhancing investor trust in its financial stability.
- Interest Income Performance: The net interest income before provision for credit losses reached $48.49 million, reflecting effective management in the current interest rate environment and a healthy balance sheet.
- Future Outlook: With the tightening Senate primary and Maine governor's support for a millionaire tax, potential impacts on Northeast Bank's customer base and future business strategies warrant close monitoring of policy changes affecting the banking sector.
See More
Northeast Bank to Release Q3 Fiscal 2026 Earnings
- Earnings Release Schedule: Northeast Bank has announced it will release its fiscal 2026 third quarter earnings on April 27, 2026, which is expected to provide critical financial data for investors to assess the bank's financial health.
- Conference Call Details: Following the earnings release, the bank will host a conference call on April 28, 2026, at 10:00 a.m. ET, led by CEO Rick Wayne and other executives, aimed at sharing financial performance and future outlook with investors.
- Webcast Access: Investors can access the conference call via a live webcast on Northeast Bank's website under the Investor Relations section, and are encouraged to register and install necessary audio software at least 15 minutes prior to the call to ensure smooth participation.
- Replay Availability: For those unable to attend the live call, Northeast Bank will provide a replay available online for one year, ensuring all stakeholders can access important information and make informed investment decisions.
See More
PMC FIG Opportunities Acquires Stake in Northeast Bank
- New Investment Position: On February 17, 2026, PMC FIG Opportunities disclosed a new position in Northeast Bank by acquiring 32,745 shares worth $3.40 million, indicating confidence in the bank's future growth prospects.
- Asset Allocation Insight: This investment accounts for 5.35% of the fund's 13F reportable assets as of December 31, 2025, suggesting a preference for high-yield national lending platforms over traditional branch-heavy models, which may influence its overall investment strategy.
- Financial Performance Highlights: Northeast Bank reported a quarterly net income of $20.7 million in January 2026, translating to $2.47 per diluted share, showcasing strong profitability and a growing loan portfolio that reflects its competitive position in the market.
- Long-Term Investment Potential: With book value per share rising from $52.29 to $62.65, investors can expect tangible growth alongside earnings, making Northeast Bank an attractive option for long-term investors focused on disciplined loan purchasing and credit control.
See More
PMC FIG Opportunities Acquires Stake in Northeast Bank
- New Investment Move: PMC FIG Opportunities initiated a stake in Northeast Bank by acquiring 32,745 shares worth $3.40 million in Q4 2026, indicating confidence in the bank's growth potential.
- Strong Financial Performance: Northeast Bank reported a quarterly net income of $20.7 million in January, translating to $2.47 per diluted share, showcasing its robust profitability and competitive market position compared to the previous year.
- Loan Portfolio Growth: As of December 31, total loans at Northeast Bank reached $4.35 billion, up 15.8% year-over-year, with nearly $896 million in quarterly loan volume, highlighting its active engagement in the lending market.
- Investment Strategy Insight: PMC FIG's allocation of 5.35% of assets to Northeast Bank suggests a preference for high-yield national lending platforms, despite the bank not being among the Motley Fool's top investment picks.
See More
Trevian Wealth Management Acquires New Position in Fidelity Nasdaq Composite Index ETF
- New Position Disclosure: On February 4, 2026, Trevian Wealth Management LLC disclosed to the SEC that it acquired 29,976 shares of Fidelity Nasdaq Composite Index ETF (ONEQ) in Q4, with an estimated transaction value of $2.7 million, indicating a preference for index ETFs despite this position not being one of its larger holdings.
- Asset Management Proportion: As of December 31, 2025, the ONEQ position represented 1.3% of Trevian Wealth's reportable 13F assets under management, reflecting the fund's strategy of diversification, particularly in technology and growth stocks.
- Strong Market Performance: As of February 4, 2026, ONEQ shares were priced at $90.14, marking a 17.2% increase over the past year, outperforming the S&P 500 by 1.7 percentage points, showcasing a successful investment strategy in the current bull market.
- Investment Strategy Analysis: The Fidelity Nasdaq Composite Index ETF aims to replicate the performance of the Nasdaq Composite Index by allocating at least 80% of its assets to constituent equities, providing broad exposure to thousands of U.S.-listed growth and technology companies, making it suitable for investors seeking long-term exposure.
See More
Northeast Bank Declares Quarterly Dividend
- Quarterly Dividend Announcement: Northeast Bank has declared a quarterly dividend of $0.01 per share, consistent with previous distributions, indicating the company's ongoing commitment to stable dividends amidst market fluctuations.
- Dividend Yield: The forward yield stands at 0.03%, reflecting the company's dividend attractiveness in the current market environment; while the yield is relatively low, it still provides investors with a steady cash flow.
- Payment Schedule: The dividend is payable on May 26, with a record date of May 12 and an ex-dividend date also on May 12, ensuring shareholders receive their dividends promptly, which enhances shareholder confidence.
- Historical Performance Reference: The dividend performance aligns with Northeast Bank's historical earnings, allowing investors to refer to its dividend scorecard and yield chart to assess the company's long-term financial health and dividend growth potential.
See More
Northeast Bank Q1 Earnings Highlights
- Earnings Per Share: Northeast Bank reported a GAAP EPS of $2.49 for Q1, indicating stable profitability amidst market fluctuations, which is crucial for maintaining investor confidence.
- Net Income Growth: The bank's net income stood at $20.7 million, demonstrating its ability to remain profitable despite economic uncertainties, thereby enhancing investor trust in its financial stability.
- Interest Income Performance: The net interest income before provision for credit losses reached $48.49 million, reflecting effective management in the current interest rate environment and a healthy balance sheet.
- Future Outlook: With the tightening Senate primary and Maine governor's support for a millionaire tax, potential impacts on Northeast Bank's customer base and future business strategies warrant close monitoring of policy changes affecting the banking sector.
See More
Northeast Bank to Release Q3 Fiscal 2026 Earnings
- Earnings Release Schedule: Northeast Bank has announced it will release its fiscal 2026 third quarter earnings on April 27, 2026, which is expected to provide critical financial data for investors to assess the bank's financial health.
- Conference Call Details: Following the earnings release, the bank will host a conference call on April 28, 2026, at 10:00 a.m. ET, led by CEO Rick Wayne and other executives, aimed at sharing financial performance and future outlook with investors.
- Webcast Access: Investors can access the conference call via a live webcast on Northeast Bank's website under the Investor Relations section, and are encouraged to register and install necessary audio software at least 15 minutes prior to the call to ensure smooth participation.
- Replay Availability: For those unable to attend the live call, Northeast Bank will provide a replay available online for one year, ensuring all stakeholders can access important information and make informed investment decisions.
See More
PMC FIG Opportunities Acquires Stake in Northeast Bank
- New Investment Position: On February 17, 2026, PMC FIG Opportunities disclosed a new position in Northeast Bank by acquiring 32,745 shares worth $3.40 million, indicating confidence in the bank's future growth prospects.
- Asset Allocation Insight: This investment accounts for 5.35% of the fund's 13F reportable assets as of December 31, 2025, suggesting a preference for high-yield national lending platforms over traditional branch-heavy models, which may influence its overall investment strategy.
- Financial Performance Highlights: Northeast Bank reported a quarterly net income of $20.7 million in January 2026, translating to $2.47 per diluted share, showcasing strong profitability and a growing loan portfolio that reflects its competitive position in the market.
- Long-Term Investment Potential: With book value per share rising from $52.29 to $62.65, investors can expect tangible growth alongside earnings, making Northeast Bank an attractive option for long-term investors focused on disciplined loan purchasing and credit control.
See More
PMC FIG Opportunities Acquires Stake in Northeast Bank
- New Investment Move: PMC FIG Opportunities initiated a stake in Northeast Bank by acquiring 32,745 shares worth $3.40 million in Q4 2026, indicating confidence in the bank's growth potential.
- Strong Financial Performance: Northeast Bank reported a quarterly net income of $20.7 million in January, translating to $2.47 per diluted share, showcasing its robust profitability and competitive market position compared to the previous year.
- Loan Portfolio Growth: As of December 31, total loans at Northeast Bank reached $4.35 billion, up 15.8% year-over-year, with nearly $896 million in quarterly loan volume, highlighting its active engagement in the lending market.
- Investment Strategy Insight: PMC FIG's allocation of 5.35% of assets to Northeast Bank suggests a preference for high-yield national lending platforms, despite the bank not being among the Motley Fool's top investment picks.
See More
Trevian Wealth Management Acquires New Position in Fidelity Nasdaq Composite Index ETF
- New Position Disclosure: On February 4, 2026, Trevian Wealth Management LLC disclosed to the SEC that it acquired 29,976 shares of Fidelity Nasdaq Composite Index ETF (ONEQ) in Q4, with an estimated transaction value of $2.7 million, indicating a preference for index ETFs despite this position not being one of its larger holdings.
- Asset Management Proportion: As of December 31, 2025, the ONEQ position represented 1.3% of Trevian Wealth's reportable 13F assets under management, reflecting the fund's strategy of diversification, particularly in technology and growth stocks.
- Strong Market Performance: As of February 4, 2026, ONEQ shares were priced at $90.14, marking a 17.2% increase over the past year, outperforming the S&P 500 by 1.7 percentage points, showcasing a successful investment strategy in the current bull market.
- Investment Strategy Analysis: The Fidelity Nasdaq Composite Index ETF aims to replicate the performance of the Nasdaq Composite Index by allocating at least 80% of its assets to constituent equities, providing broad exposure to thousands of U.S.-listed growth and technology companies, making it suitable for investors seeking long-term exposure.
See More
