Northeast Bank reports results for the quarter ended December 31 - Earnings Summary

• Northeast Bank NBN.OQ reported quarterly adjusted earnings of $2.74​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of $1.85. The mean expectation of two analysts for the quarter was for earnings of $2.57 per share. Wall Street expected results to range from $2.56 to $2.58 per share.

• Revenue rose 41.5% to $54.44 million from a year ago; analysts expected $49.67 million.

• Northeast Bank's reported EPS for the quarter was $2.74​.

• The company reported quarterly net income of $22.44 million.

• Northeast Bank shares had risen by 12.4% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.4% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the banks peer group is "hold."

Wall Street's median 12-month price target for Northeast Bank is $104.50

This summary was machine generated from LSEG data February 7 at 12:57 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)