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

• Northeast Bank NBN.OQ reported quarterly adjusted earnings of $2.23​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $1.83. The mean expectation of two analysts for the quarter was for earnings of $2.77 per share. Wall Street expected results to range from $2.72 to $2.83 per share.

• Revenue rose 38.1% to $52.57 million from a year ago; analysts expected $53.49 million.

• Northeast Bank's reported EPS for the quarter was $2.23​.

• The company reported quarterly net income of $18.68 million.

• Northeast Bank shares had risen by 1.0% this quarter and gained 0.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 7.7% 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 $112.50

This summary was machine generated from LSEG data April 29 at 09:52 p.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)