Northeast Bank Management
Management criteria checks 4/4
Northeast Bank's CEO is Rick Wayne, appointed in Dec 2010, has a tenure of 14.17 years. total yearly compensation is $3.17M, comprised of 20.7% salary and 79.3% bonuses, including company stock and options. directly owns 8.51% of the company’s shares, worth $70.67M. The average tenure of the management team and the board of directors is 4.1 years and 14.2 years respectively.
Key information
Rick Wayne
Chief executive officer
US$3.2m
Total compensation
| CEO salary percentage | 20.7% |
| CEO tenure | 14.2yrs |
| CEO ownership | 8.5% |
| Management average tenure | 4.1yrs |
| Board average tenure | 14.2yrs |
Recent management updates
Recent updates
Northeast Bank: High Performing Bank You Probably Never Heard Of
Dec 29Northeast Bank: A Niche Growing Bank
Dec 16Northeast Bank: A Great, But Short, Run
Nov 18Northeast Bank: A Bit Pricey, But For A Reason
Aug 13Northeast Bank: Good Growth Prospects
Jul 23Northeast Bank declares $0.01 dividend
Jul 25CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$60m |
| Jun 30 2024 | US$3m | US$655k | US$58m |
| Mar 31 2024 | n/a | n/a | US$55m |
| Dec 31 2023 | n/a | n/a | US$54m |
| Sep 30 2023 | n/a | n/a | US$51m |
| Jun 30 2023 | US$3m | US$636k | US$44m |
| Mar 31 2023 | n/a | n/a | US$42m |
| Dec 31 2022 | n/a | n/a | US$40m |
| Sep 30 2022 | n/a | n/a | US$41m |
| Jun 30 2022 | US$3m | US$600k | US$42m |
| Mar 31 2022 | n/a | n/a | US$53m |
| Dec 31 2021 | n/a | n/a | US$77m |
| Sep 30 2021 | n/a | n/a | US$74m |
| Jun 30 2021 | US$2m | US$600k | US$72m |
| Mar 31 2021 | n/a | n/a | US$61m |
| Dec 31 2020 | n/a | n/a | US$29m |
| Sep 30 2020 | n/a | n/a | US$26m |
| Jun 30 2020 | US$1m | US$600k | US$23m |
| Mar 31 2020 | n/a | n/a | US$11m |
| Dec 31 2019 | n/a | n/a | US$14m |
| Sep 30 2019 | n/a | n/a | US$14m |
| Jun 30 2019 | US$2m | US$600k | US$14m |
| Mar 31 2019 | n/a | n/a | US$19m |
| Dec 31 2018 | n/a | n/a | US$18m |
| Sep 30 2018 | n/a | n/a | US$16m |
| Jun 30 2018 | US$1m | US$600k | US$16m |
Compensation vs Market: Rick's total compensation ($USD3.17M) is about average for companies of similar size in the US market ($USD3.21M).
Compensation vs Earnings: Rick's compensation has been consistent with company performance over the past year.
CEO
Rick Wayne (72 yo)
14.2yrs
Tenure
US$3,165,513
Compensation
Mr. Richard N. Wayne, also known as Rick, serves as Chief Executive Officer, President and Director of Northeast Bank since December 29, 2010. He joined the Northeast Bank on December 29, 2010. He is respo...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 14.2yrs | US$3.17m | 8.51% $ 70.7m | |
| Chief Financial Officer | 1yr | US$946.62k | 8.43% $ 70.0m | |
| Executive VP & COO | 2.5yrs | US$2.51m | 1.86% $ 15.4m | |
| Senior VP & Chief Information Officer | 4.2yrs | US$773.27k | 0.26% $ 2.2m | |
| Senior VP & Chief Retail Banking Officer | 7.1yrs | US$762.00k | 0.28% $ 2.3m | |
| Senior VP & Director of Accounting | 3.1yrs | no data | 0% $ 0 | |
| Senior VP & Director of Human Resources | no data | no data | no data | |
| Managing Director of Loan Underwriting | no data | no data | no data | |
| Managing Director of Real Estate | no data | no data | no data | |
| Managing Director of Asset Management | no data | no data | no data | |
| Senior VP & Director of Customer Experience | 4.1yrs | no data | no data | |
| Senior VP | no data | no data | no data |
4.1yrs
Average Tenure
60.5yo
Average Age
Experienced Management: NBN's management team is considered experienced (4.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 14.2yrs | US$3.17m | 8.51% $ 70.7m | |
| Independent Director | 14.2yrs | US$115.00k | 0.31% $ 2.6m | |
| Independent Chairman | 14.2yrs | US$177.50k | 1.01% $ 8.4m | |
| Independent Director | 3.9yrs | US$107.50k | 0.036% $ 301.4k | |
| Independent Director | 17.3yrs | US$115.00k | 0.89% $ 7.4m | |
| Independent Director | 31.1yrs | US$117.50k | 0.38% $ 3.2m | |
| Independent Director | 14.2yrs | US$112.50k | 0.036% $ 301.4k |
14.2yrs
Average Tenure
68yo
Average Age
Experienced Board: NBN's board of directors are seasoned and experienced ( 14.2 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/02 10:12 |
| End of Day Share Price | 2025/01/31 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/06/30 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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 here.
Analysis Model and Snowflake
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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 .
Analyst Sources
Northeast Bank is covered by 3 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.
| Analyst | Institution |
|---|---|
| Damon DelMonte | Keefe, Bruyette, & Woods |
| Alexander Roberts Twerdahl | Piper Sandler Companies |
| Mark Fitzgibbon | Piper Sandler Companies |