Northeast Bank (NASDAQ:NBN) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$37.5m (up 14% from 3Q 2023).
- Net income: US$13.9m (up 11% from 3Q 2023).
- Profit margin: 37% (down from 38% in 3Q 2023). The decrease in margin was driven by higher expenses.
- EPS: US$1.85 (up from US$1.70 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Northeast Bank Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 4.9%. Earnings per share (EPS) also surpassed analyst estimates by 6.4%.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 1 warning sign for Northeast Bank you should be aware of.
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About NasdaqGM:NBN
Northeast Bank
Provides various banking services to individual and corporate customers in Maine.
Flawless balance sheet with solid track record.
