Northeast Bancorp Q2 Earnings Call Highlights

1 week ago 9

MarketBeat

Tue, January 27, 2026 astatine 11:40 AM CST 7 min read

Northeast Bancorp logo

Big indebtedness growth: Loans roseate to $4.4 cardinal (from $3.7B) aft adding conscionable nether $900 cardinal successful the 4th — including $575M of purchased CRE and a grounds $252M of originations astatine a ~7.6% mean — with astir enactment settling precocious successful the 4th and expected to beryllium accretive to aboriginal nett involvement income.
Quarterly net and borderline dynamics: Net income was $20.7M ($2.47/share) and nett involvement borderline fell to 4.49% from 4.59% owed to liability repricing timing; absorption noted astir $1.25B of CDs maturing astatine ~4.05% that could assistance enactment borderline betterment going forward.
SBA disruption and beardown pipeline with steadfast credit/capital: A authorities shutdown and SBA programme changes reduced SBA-related gains by astir $6M (≈$0.50 EPS), but SBA originations ran astir $40M successful the 4th with a projected ~$20M/month tally rate, portion purchase-loan pipeline is “as afloat arsenic we’ve ever seen” and recognition metrics/capital stay coagulated (Tier 1 leverage 12.2%, tangible publication $62.65).
Interested successful Northeast Bancorp? Here are 5 stocks we similar better.

These 3 Regional Bank Stocks Are Staying Ahead Of Inflation

Northeast Bancorp (NASDAQ:NBN) executives highlighted important equilibrium expanse maturation during the company’s fiscal 2026 second-quarter net call, portion besides pointing to a impermanent slowdown successful SBA-related interest income that contributed to little net compared with anterior quarters.

President and CEO Rick Wayne said the “highlight of this quarter” was the measurement of loans added to the equilibrium sheet, totaling conscionable nether $900 cardinal for the quarter. That included $575 cardinal of purchased commercialized existent property loans (UPB) acquired for $532 million, oregon 92.6% of unpaid main balance, arsenic good arsenic a grounds $252 cardinal successful originated loans astatine a weighted mean complaint of 7.6%.

→ The Hot Dog Hedge: Smithfield Acquires Nathan’s Famous

Chief Financial Officer Santino Delmolino said full assets ended the 4th astatine $4.95 billion, portion loans ended astatine $4.4 billion, up from $3.7 cardinal arsenic of September 30. He noted the timing of purchases and originations was “heavily weighted towards the process extremity of the quarter,” which muted the interaction to nett involvement income during the play but is expected to beryllium accretive going forward.

The slope reported nett income of $20.7 million, oregon $2.47 per diluted share, for the quarter. Year-to-date nett income was $43.3 million, oregon $5.14 per diluted share. Return connected mean assets was 1.87% for the 4th (2.0% twelvemonth to date), and instrumentality connected mean equity was 15.6% (16.6% twelvemonth to date).