Northeast Bank Reports Fourth Quarter Results and Declares Dividend
Northeast Bank reported strong fourth quarter results with net income increasing 36.2% year-over-year to $34.3 million, or $4.05 per diluted share. The balance sheet grew significantly, with total assets rising 22.2% to $5.23 billion and total loans increasing 21.2% to $4.59 billion, driven by record quarterly loan origination volume of $389.8 million.
Key figures
- Eps
- 4.05
- Revenue Yoy
- 0.04
- Roa
- 2.71%
- Roe
- 23.51%
- Npa ratio
- 0.67%
- Total loans
- 4590000000
- Total assets
- 5230000000
- Efficiency ratio
- 35.98%
- Net interest margin
- 4.80%
AI analysis
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