NBN

MKT CAP:$954M

Northeast Bank

Market Cap

$954M

Financial Services·Banks - Regional·🇺🇸 United States·NASDAQ

Financials·Banks - Regional·🇺🇸·NASDAQ

Stock Price

$122.34+$19.48 (+18.94%)

Apr 22, 2026

Company Details

Northeast Bank provides banking services to individual and corporate customers in Maine. The company's deposit products include demand deposit, NOW, money market, savings, certificate of deposit, and individual retirement accounts, as well ...

CEO

Richard N. Wayne

IPO Date

Aug 19, 1987

Website

www.northeastbank.com

Key Metrics TTM

Revenue

$355M

+20.5% YoY

Net Income

$87M

EPS (Diluted)

$10.37

Free Cash Flow

$6M

Revenue / Share

$42.26

Gross Margin

58.4%

Operating Margin

36.3%

Net Margin

24.5%

FCF Margin

1.7%

P/S

2.7x

P/E

10.9x

Earnings Reports

Q3 2026

May 5, 2026

PENDING

Q2 2026

Dec 30, 2025

$87M-2.2%EPS $2.47

Q1 2026

Sep 29, 2025

$85M+16.3%EPS $2.67

FY 2025

Jun 29, 2025

$351M+34.7%EPS $10.08

Q4 2025

Jun 29, 2025

$98M+45.2%EPS $3.00

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 22	$27M	$26M	$15M
Q4 22	$29M	$28M	$16M
Q1 23	$28M	$24M	$12M
Q2 23	$40M	$29M	$16M
Q3 23	$54M	$32M	$19M
Q4 23	$58M	$34M	$18M
Q1 24	$63M	$37M	$22M
Q2 24	$65M	$37M	$22M
Q3 24	$65M	$37M	$21M
Q4 24	$68M	$39M	$22M
Q1 25	$73M	$41M	$25M
Q2 25	$89M	$50M	$33M
Q3 25	$85M	$47M	$30M
Q4 25	$98M	$59M	$38M
Q1 26	$85M	$50M	$31M
Q2 26	$87M	$51M	$30M

Valuation

Quarter	P/S	P/E
Q3 22	8.0x	17.9x
Q4 22	8.7x	22.6x
Q1 23	8.6x	23.5x
Q2 23	7.7x	23.6x
Q3 23	6.3x	22.5x
Q4 23	5.3x	21.6x
Q1 24	4.4x	18.7x
Q2 24	4.0x	17.7x
Q3 24	3.8x	17.3x
Q4 24	3.7x	16.4x
Q1 25	3.5x	15.9x
Q2 25	3.2x	13.9x
Q3 25	3.0x	13.0x
Q4 25	2.8x	11.4x
Q1 26	2.7x	10.7x
Q2 26	2.7x	10.9x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 22	-$4M	-$4M
Q4 22	$7M	$6M
Q1 23	$3M	$3M
Q2 23	$13M	$11M
Q3 23	$31M	$30M
Q4 23	$13M	$13M
Q1 24	-$4M	-$6M
Q2 24	$2M	$2M
Q3 24	$6M	$5M
Q4 24	-$1M	-$1M
Q1 25	$3M	$3M
Q2 25	$9M	$9M
Q3 25	-$7M	-$7M
Q4 25	$49M	$49M
Q1 26	$21M	$21M
Q2 26	-$56M	-$57M

Capital Expenditures

Quarter	CapEx
Q3 22	$157.0K
Q4 22	$754.0K
Q1 23	$224.0K
Q2 23	$2M
Q3 23	$542.0K
Q4 23	$3.0K
Q1 24	$2M
Q2 24	$78.0K
Q3 24	$499.0K
Q4 24	$217.0K
Q1 25	$96.0K
Q2 25	$74.0K
Q3 25	$385.0K
Q4 25	$152.0K
Q1 26	$269.0K
Q2 26	$252.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 22	-54.9%	+5.3%
Q4 22	-26.1%	+50.0%
Q1 23	+5.6%	+30.3%
Q2 23	+43.7%	+111.1%
Q3 23	+100.6%	+200.1%
Q4 23	+102.6%	+207.0%
Q1 24	+125.3%	+152.2%
Q2 24	+62.7%	+78.3%
Q3 24	+20.6%	+25.6%
Q4 24	+16.5%	+14.3%
Q1 25	+15.7%	+17.7%
Q2 25	+37.7%	+31.5%
Q3 25	+30.6%	+25.9%
Q4 25	+45.2%	+33.7%
Q1 26	+16.3%	+11.4%
Q2 26	-2.2%	+2.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 22	$392.0K	1.5%
Q4 22	$462.0K	1.6%
Q1 23	$809.0K	2.9%
Q2 23	$892.0K	2.2%
Q3 23	$852.0K	1.6%
Q4 23	$873.0K	1.5%
Q1 24	$1M	2.3%
Q2 24	$1M	2.1%
Q3 24	$1M	1.8%
Q4 24	$1M	1.9%
Q1 25	$2M	2.5%
Q2 25	$2M	1.9%
Q3 25	$2M	1.9%
Q4 25	$2M	1.7%
Q1 26	$2M	2.5%
Q2 26	$2M	2.1%

OpEx Breakdown

Quarter	G&A	S&M
Q3 22	$7M	$160.0K
Q4 22	$9M	$222.0K
Q1 23	$8M	$177.0K
Q2 23	$9M	$219.0K
Q3 23	$9M	$187.0K
Q4 23	$11M	$339.0K
Q1 24	$10M	$261.0K
Q2 24	$10M	$221.0K
Q3 24	$11M	$256.0K
Q4 24	$12M	$262.0K
Q1 25	$12M	$136.0K
Q2 25	$12M	$94.0K
Q3 25	$13M	$89.0K
Q4 25	$13M	$105.0K
Q1 26	$13M	$123.0K
Q2 26	$14M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q3 22	$226M	$56M	$282M
Q4 22	$172M	$55M	$227M
Q1 23	$167M	$54M	$221M
Q2 23	$164M	$54M	$218M
Q3 23	$217M	$54M	$270M
Q4 23	$198M	$53M	$251M
Q1 24	$205M	$53M	$258M
Q2 24	$225M	$53M	$278M
Q3 24	$205M	$53M	$258M
Q4 24	$242M	$49M	$291M
Q1 25	$317M	$37M	$354M
Q2 25	$365M	$24M	$388M
Q3 25	$344M	$17M	$362M
Q4 25	$414M	$15M	$429M
Q1 26	$342M	$8M	$350M
Q2 26	$446M	$5M	$451M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 22	8M	-3.1%	-7.5%
Q4 22	7M	-5.1%	-12.2%
Q1 23	7M	0.0%	-10.0%
Q2 23	7M	-1.0%	-8.9%
Q3 23	7M	+1.2%	-4.8%
Q4 23	8M	+1.5%	+1.8%
Q1 24	8M	+0.4%	+2.2%
Q2 24	8M	+0.5%	+3.7%
Q3 24	8M	+0.1%	+2.4%
Q4 24	8M	+4.2%	+5.1%
Q1 25	8M	+2.5%	+7.3%
Q2 25	8M	+1.1%	+8.0%
Q3 25	8M	+2.4%	+10.5%
Q4 25	8M	+0.2%	+6.4%
Q1 26	8M	+0.2%	+4.0%
Q2 26	8M	-0.3%	+2.5%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 22	$161.5K	167
Q4 22	$172.0K	167
Q1 23	$167.0K	167
Q2 23	$238.0K	167
Q3 23	$323.9K	167
Q4 23	$348.4K	167
Q1 24	$376.2K	167
Q2 24	$387.2K	167
Q3 24	$390.5K	167
Q4 24	$406.0K	167
Q1 25	$435.2K	167
Q2 25	$533.2K	167
Q3 25	$510.0K	167
Q4 25	$589.6K	167
Q1 26	$506.2K	167
Q2 26	$521.3K	167

Revenue / Employee