Northeast Bank

NasdaqGM:NBN Stock Report

Market Cap: US$1.0b

Northeast Bank Future Growth

Future criteria checks 3/6

Northeast Bank is forecast to grow earnings and revenue by 18.2% and 16.1% per annum respectively while EPS is expected to grow by 17.1% per annum.

Key information

18.2%

Earnings growth rate

17.09%

EPS growth rate

Banks earnings growth8.1%
Revenue growth rate16.1%
Future return on equityn/a
Analyst coverage

Low

Last updated28 Apr 2026

Recent future growth updates

Recent updates

Narrative Update • May 11

NBN: Differentiated Model And TBVPS Trends Will Shape Future Risk Balance

Narrative Update on Northeast Bank The analyst fair value estimate for Northeast Bank has moved from $126.50 to $136.50. This reflects updated views on its differentiated small cap banking model, very strong EPS trends, and consistent 20% TBVPS growth cited in recent price target increases from analysts at multiple firms.
Seeking Alpha • May 01

Northeast Bank Remains Compelling As Growth Continues

Summary Northeast Bank remains a soft "Buy" as robust asset quality and earnings growth persist, despite prior outperformance versus the S&P 500. NBN’s net interest margin expanded from 4.62% to 5.15% year-over-year, driven by higher loan yields and lower funding costs amid rate cuts. Loan growth and increased leverage have fueled profitability, with return on assets at 2.43% and return on equity at 21.67%, both well above peer averages. Non-performing assets and loans, though improved, remain above preferred thresholds and warrant ongoing monitoring for risk management. Read the full article on Seeking Alpha
Narrative Update • Apr 24

NBN: Differentiated Model And EPS Trends Will Shape Future Risk Balance

Analysts have lifted their price target on Northeast Bank to $133, citing the bank's differentiated small cap model, support from strong EPS trends, and consistent 20% TBVPS growth. Analyst Commentary Bullish Takeaways Bullish analysts highlight Northeast Bank's differentiated small cap model as a key reason they see room for the shares to support a higher valuation multiple.
Narrative Update • Apr 09

NBN: Differentiated Small Cap Model Will Shape Future Risk Reward Balance

Analysts have lifted their price target on Northeast Bank to $133, a $6.50 move that they link to what they describe as a differentiated small cap bank model supported by strong EPS trends and consistent 20% TBVPS growth. Analyst Commentary Recent research highlights how Northeast Bank's differentiated small cap bank model ties directly into both its valuation and growth profile.
Narrative Update • Mar 26

NBN: Differentiated Small Cap Model Will Support Future Return Potential

The analyst price target for Northeast Bank has been raised from $126.50 to $133.00, with analysts pointing to the bank's differentiated small cap model and strong EPS and 20% TBVPS growth as key supports for the higher valuation. Analyst Commentary Recent research highlights a mix of optimism around Northeast Bank's differentiated approach and some caution around how that strength is reflected in the share price.
Narrative Update • Mar 09

NBN: Future Returns Will Rely On Stable Margins Despite Higher Charge Offs

Analysts kept their $126.50 price target for Northeast Bank steady, citing essentially unchanged fair value, growth, margin, and P/E assumptions in their updated model. What's in the News Northeast Bank reported net charge-offs of $2,942,000 for the quarter ended December 31, 2025, compared with $869,000 for the same quarter a year earlier (Key Developments).
Narrative Update • Feb 23

NBN: Future Results Will Balance Higher Charge Offs With Stable Outlook

Analysts have kept their price target for Northeast Bank steady at $126.50, citing largely unchanged assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E as the basis for maintaining their view. What's in the News Northeast Bank reported net charge-offs of US$2,942,000 for the quarter ended December 31, 2025, compared with US$869,000 for the same quarter a year earlier (Key Developments).
Narrative Update • Feb 09

NBN: Future Results Will Balance Higher Charge Offs With Stable Outlook

Analysts have lifted their price target on Northeast Bank from US$117.50 to US$126.50, citing updated assumptions around higher modeled revenue growth, stronger profit margins, and a lower expected future P/E multiple. What's in the News Northeast Bank reported net charge-offs of US$2,942,000 for the second quarter ended December 31, 2025, compared with US$869,000 for the same quarter a year earlier (Key Developments).
Narrative Update • Jan 24

NBN: Future Results Will Balance Higher Charge Offs With Stable Outlook

Analysts have kept their price target for Northeast Bank steady at US$117.50, reflecting largely unchanged assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E in their updated work. What's in the News Northeast Bank reported net charge offs of US$1,887,000 for the quarter ended September 30, 2025, compared with US$1,604,000 for the same quarter a year earlier (Key Developments).
Narrative Update • Jan 09

NBN: Future Results Will Balance Higher Credit Costs With Stable Outlook

Analysts have kept their price target for Northeast Bank steady at US$117.50, reflecting largely unchanged assumptions around fair value, discount rate, revenue growth, profit margin and future P/E in their latest models. What's in the News Reported net charge offs of US$1,887,000 for the quarter ended September 30, 2025, compared with US$1,604,000 for the same quarter a year earlier (Key Developments).
Narrative Update • Dec 19

NBN: Future Performance Will Reflect Higher Credit Costs And Leadership Transition

Analysts have modestly raised their price target on Northeast Bank from 111 dollars to 117 dollars and 50 cents, citing a slightly higher assumed future valuation multiple that offsets somewhat lower growth and margin expectations under a marginally higher discount rate. What's in the News Northeast Bank reported net charge-offs of 1.887 million dollars for the quarter ended September 30, 2025, up from 1.604 million dollars a year earlier, reflecting slightly higher credit costs (Key Developments) Chief Financial Officer Richard Cohen will step down effective October 31, 2025, as the bank initiates a planned leadership transition in its finance function (Key Developments) Corporate Controller Santino Delmolino will assume the role of CFO on October 31, 2025, bringing public accounting and financial services experience from prior roles at Fidelity Investments and KPMG (Key Developments) Valuation Changes Fair Value Estimate has risen slightly from 111 dollars to 117 dollars and 50 cents, reflecting a modestly higher assumed valuation for the shares.
Analysis Article • Nov 12

Shareholders May Not Be So Generous With Northeast Bank's (NASDAQ:NBN) CEO Compensation And Here's Why

Key Insights Northeast Bank's Annual General Meeting to take place on 18th of November Total pay for CEO Rick Wayne...
Seeking Alpha • Dec 29

Northeast Bank: High Performing Bank You Probably Never Heard Of

Summary Northeast Bank, with a $750M market cap, delivers high teens ROE and trades at 1.9x book value, yet expects stronger results in 2025. The bank's growth is driven by book value accretion, efficient operations, and negligible credit losses, leading to high valuation multiples. Catalysts include ramped-up SBA lending, recent large Purchased Loans, and potential regulatory tailwinds, boosting EPS and valuation. Despite risks like regulatory scrutiny and reliance on brokered deposits, Northeast Bank is rated a Strong Buy due to its growth prospects and upcoming capital-light income stream. Read the full article on Seeking Alpha
Seeking Alpha • Dec 16

Northeast Bank: A Niche Growing Bank

Summary Northeast Bank (NBN) has grown EPS by 40% annually over the past decade, driven by orphan loan purchases and SBA loan originations. NBN's net interest margin is 4.9%, supported by high loan yields and efficient cost management, with a 41% efficiency ratio. Management holds 15% of NBN's stock, aligning their interests with shareholders and driving strategic growth through orphan loan acquisitions and SBA loan services. The short-term target for NBN is $145 per share, with a potential five-year value of $373, implying a 30% IRR. Read the full article on Seeking Alpha
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New Narrative • Nov 24

SBA Loan Expansion And Strategic Funding Propel Exciting Growth Prospects

Strong loan production and SBA program expansion enhance revenue growth and fee income beyond traditional interest sources.
Seeking Alpha • Nov 18

Northeast Bank: A Great, But Short, Run

Summary Northeast Bank's stock surged 59.8% since August, outperforming the S&P 500's 10.2% gain, driven by robust financial performance and strategic business growth. Despite high-quality assets and continued growth, the stock is now more expensive, prompting a downgrade from 'buy' to 'hold'. The bank's deposits and loans have significantly increased, with strategic loan purchases funded by brokered deposits and Federal Home Loan Bank advances. Rising net interest income and non-interest income, in part from SBA loans, contributed to increased net income, but the stock's valuation remains a concern. Read the full article on Seeking Alpha
Seeking Alpha • Aug 13

Northeast Bank: A Bit Pricey, But For A Reason

Summary Northeast Bank is a small institution with high-quality assets and a focus on commercial loans, including smaller loans often overlooked by larger institutions. The bank has seen mixed performance in recent years, but net interest income has risen nicely due to a growth in loans on its books. Despite trading at a premium to book value, Northeast Bank's asset quality, balance sheet growth, and low uninsured deposit exposure makes it a decent prospect, warranting a soft 'buy' rating. Read the full article on Seeking Alpha
Seeking Alpha • Jul 23

Northeast Bank: Good Growth Prospects

Summary Northeast Bank offers potential for above-average returns with a unique business model combining organic growth and purchasing loans at discounts. Anticipation of interest rate cuts is high, which could benefit banks like NBN and Esquire Financial Holdings in the future. NBN's focus on purchasing loans at discounts, strong asset quality, and efficient value generation make it a solid opportunity for long-term returns, especially if interest rates decline. Read the full article on Seeking Alpha
Seeking Alpha • Jul 25

Northeast Bank declares $0.01 dividend

Northeast Bank (NASDAQ:NBN) declares $0.01/share quarterly dividend, in line with previous. Forward yield 0.1% Payable Aug. 23; for shareholders of record Aug. 9; ex-div Aug. 8. See NBN Dividend Scorecard, Yield Chart, & Dividend Growth.

Earnings and Revenue Growth Forecasts

NasdaqGM:NBN - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
6/30/2027279122N/AN/A1
6/30/2026238102N/AN/A1
3/31/20262309834N/A
12/31/20252138767N/A
9/30/2025215897273N/A
6/30/2025204835354N/A
3/31/20251847334N/A
12/31/2024172691516N/A
9/30/20241586089N/A
6/30/20241535803N/A
3/31/2024148551517N/A
12/31/2023143544042N/A
9/30/2023135514953N/A
6/30/2023122445860N/A
3/31/2023115425154N/A
12/31/2022109401719N/A
9/30/2022107412728N/A
6/30/2022110422930N/A
3/31/202212153172172N/A
12/31/2021153773535N/A
9/30/2021147741314N/A
6/30/20211417278N/A
3/31/202112761N/AN/AN/A
12/31/2020832913N/A
9/30/202078261314N/A
6/30/202074231516N/A
3/31/20206611N/AN/AN/A
12/31/20196814N/A27N/A
9/30/20196914N/A25N/A
6/30/20196714N/A19N/A
3/31/20196519N/A25N/A
12/31/20186318N/A24N/A
9/30/20185916N/A20N/A
6/30/20185916N/A19N/A
3/31/20185916N/A34N/A
12/31/20175915N/A31N/A
9/30/20175915N/A30N/A
6/30/20175612N/A34N/A
3/31/20175211N/A-16N/A
12/31/2016499N/A-4N/A
9/30/2016468N/A-1N/A
6/30/2016468N/A5N/A
3/31/2016458N/A45N/A
12/31/2015448N/A31N/A
9/30/2015447N/A26N/A
6/30/2015447N/A22N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: NBN's forecast earnings growth (18.2% per year) is above the savings rate (3.5%).

Earnings vs Market: NBN's earnings (18.2% per year) are forecast to grow faster than the US market (17.1% per year).

High Growth Earnings: NBN's earnings are forecast to grow, but not significantly.

Revenue vs Market: NBN's revenue (16.1% per year) is forecast to grow faster than the US market (11.9% per year).

High Growth Revenue: NBN's revenue (16.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if NBN's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/07 08:34
End of Day Share Price 2026/06/05 00:00
Earnings2026/03/31
Annual Earnings2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Northeast Bank is covered by 2 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Damon DelMonteKeefe, Bruyette, & Woods
Mark FitzgibbonPiper Sandler Companies