Northeast Bank Management

Management criteria checks 2/4

Northeast Bank's CEO is Rick Wayne, appointed in Dec 2010, has a tenure of 13.42 years. directly owns 8.82% of the company’s shares, worth $35.57M. The average tenure of the management team and the board of directors is 3.3 years and 13.4 years respectively.

Key information

Rick Wayne

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	13.4yrs
CEO ownership	8.8%
Management average tenure	3.3yrs
Board average tenure	13.4yrs

Recent management updates

Recent updates

If You Had Bought Northeast Bank (NASDAQ:NBN) Stock Five Years Ago, You Could Pocket A 191% Gain Today

Feb 12

Northeast Bank 2020 Q4 - Results - Earnings Call Presentation

Feb 01

What Is The Ownership Structure Like For Northeast Bank (NASDAQ:NBN)?

Jan 22

Have Insiders Been Buying Northeast Bank (NASDAQ:NBN) Shares?

Jan 01

Should You Be Adding Northeast Bank (NASDAQ:NBN) To Your Watchlist Today?

Dec 11

CEO Compensation Analysis

How has Rick Wayne's remuneration changed compared to Northeast Bank's earnings?
Date	Total Compensation	Salary	Company Earnings
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	n/a	n/a	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
Mar 31 2018	n/a	n/a	US$16m
Dec 31 2017	n/a	n/a	US$15m
Sep 30 2017	n/a	n/a	US$15m
Jun 30 2017	US$2m	US$600k	US$12m

Compensation vs Market: Insufficient data to establish whether Rick's total compensation is reasonable compared to companies of similar size in the US market.

Compensation vs Earnings: Rick's compensation has increased by more than 20% in the past year.

CEO

Rick Wayne (71 yo)

13.4yrs

Tenure

US$2,690,163

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
Richard Wayne	President	13.4yrs	US$2.69m	8.82% $ 35.6m
Patrick Dignan	Executive VP & COO	1.8yrs	US$2.07m	1.84% $ 7.4m
Julie Jenkins	Senior VP & Chief Information Officer	3.4yrs	US$652.58k	0.24% $ 948.1k
Richard Cohen	Chief Financial Officer	less than a year	no data	0.14% $ 549.2k
Heidi Jacques	Senior VP & Director of Human Resources	no data	no data	no data
Brian Fenwick	Managing Director of Loan Underwriting	no data	no data	no data
Theresa Morrison	Managing Director of Real Estate	no data	no data	no data
Christopher Hickey	Managing Director of Asset Management	no data	no data	no data
Chris Delamater	Senior VP & Director of Customer Experience	3.3yrs	no data	no data
Sarah Shomphe	Senior VP	no data	no data	no data
Jerry Murphy	Senior VP & Senior Underwriter	no data	no data	no data
Kelly Palmer	Senior VP & Director of Credit Administration	no data	no data	no data

3.3yrs

Average Tenure

60yo

Average Age

Experienced Management: NBN's management team is considered experienced (3.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Richard Wayne	President	13.4yrs	US$2.69m	8.82% $ 35.6m
David Tanner	Independent Director	13.4yrs	US$85.00k	0.32% $ 1.3m
Matthew Botein	Independent Chairman	13.4yrs	US$112.50k	1.05% $ 4.2m
William Mayer	Independent Director	3.2yrs	US$70.00k	0.029% $ 118.0k
John Orestis	Independent Director	16.5yrs	US$92.50k	0.93% $ 3.7m
Judith Wallingford	Independent Director	30.3yrs	US$87.50k	0.39% $ 1.6m
Cheryl Dorsey	Independent Director	13.4yrs	US$82.50k	0.029% $ 118.0k

13.4yrs

Average Tenure

67yo

Average Age

Experienced Board: NBN's board of directors are seasoned and experienced ( 13.4 years average tenure).

Northeast Bank Management

Management criteria checks 2/4

Key information

Recent management updates

Insider recently sold US$731k worth of stock

Northeast Bank Announces Chief Financial Officer Changes

Independent Director recently bought US$89k worth of stock

Insufficient new directors

Executive VP & Chief Credit Officer recently sold US$497k worth of stock

Executive VP & Chief Credit Officer exercised options and sold US$588k worth of stock

Recent updates

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

Northeast Bank Declares Cash Dividend, Payable on May 27, 2024

Northeast Bank to Report Q3, 2024 Results on Apr 30, 2024

Insider recently sold US$731k worth of stock

Second quarter dividend of US$0.01 announced

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

Northeast Bank Declares Dividend, Payable on February 26, 2024

Northeast Bank to Report Q2, 2024 Results on Jan 30, 2024

Northeast Bank Announces Chief Financial Officer Changes

Price target increased by 27% to US$66.00

Upcoming dividend of US$0.01 per share at 0.1% yield

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

Northeast Bank Reports Net Charge-Offs for the First Quarter Ended September 30, 2023

Northeast Bank to Report Q1, 2024 Results on Oct 23, 2023

Full year 2023 earnings: EPS and revenues miss analyst expectations

Upcoming dividend of US$0.01 per share at 0.1% yield

New minor risk - Shareholder dilution

Full year 2023 earnings: EPS and revenues miss analyst expectations

Northeast Bank Declares Dividend, Payable on August 23, 2023

Northeast Bank to Report Q4, 2023 Results on Jul 24, 2023

Investor sentiment improves as stock rises 16%

Independent Director recently bought US$89k worth of stock

Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Price target decreased by 7.1% to US$52.00

Investor sentiment deteriorates as stock falls 18%

Upcoming dividend of US$0.01 per share at 0.1% yield

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Northeast Bank Declares Cash Dividend, Payable on February 23, 2023

Northeast Bank to Report Q2, 2023 Results on Jan 25, 2023

Investor sentiment improved over the past week

Price target increased to US$60.00

First quarter 2023 earnings: EPS and revenues miss analyst expectations

Insufficient new directors

Northeast Bank Declares Cash Dividend, Payable on November 28, 2022

Northeast Bank to Report Q1, 2023 Results on Oct 31, 2022

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Executive VP & Chief Credit Officer recently sold US$497k worth of stock

Executive VP & Chief Credit Officer exercised options and sold US$588k worth of stock

Upcoming dividend of US$0.01 per share

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Northeast Bank Declares Cash Dividend, Payable on August 23, 2022

Northeast Bank declares $0.01 dividend

Northeast Bank to Report Q4, 2022 Results on Jul 25, 2022

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Price target increased to US$43.00

Insufficient new directors

Northeast Bank Declares Cash Dividend, Payable on May 18, 2022

Northeast Bank (NasdaqGM:NBN) announces an Equity Buyback for 1,000,000 shares, representing 13.1% for $40 million.

Northeast Bank to Report Q3, 2022 Results on Apr 25, 2022

Upcoming dividend of US$0.01 per share

Price target increased to US$42.00

Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Now 22% undervalued

Senior VP & Chief Risk Officer recently sold US$86k worth of stock

Insufficient new directors

Senior VP & Chief Risk Officer recently sold US$82k worth of stock

Upcoming dividend of US$0.01 per share

Full year 2021 earnings released: EPS US$8.64 (vs US$2.57 in FY 2020)

Upcoming dividend of US$0.01 per share

Full year 2021 earnings released: EPS US$8.64 (vs US$2.57 in FY 2020)

Northeast Bank(NasdaqGM:NBN) dropped from Russell 2000 Value-Defensive Index

Upcoming dividend of US$0.01 per share

Northeast Bank increases share repurchase program

Does Northeast Bank (NASDAQ:NBN) Deserve A Spot On Your Watchlist?

Northeast Bank Announces Board Changes

New 90-day high: US$28.55

Independent Chairman of the Board Robert Glauber has left the company

Northeast Bank Announces Demise of Robert R. Glauber, Chairman

If You Had Bought Northeast Bank (NASDAQ:NBN) Stock Five Years Ago, You Could Pocket A 191% Gain Today