Northeast Bancorp Reports Record Q3 Earnings with Strong Loan Originations and Net Income
Northeast Bancorp (NASDAQ:NBN) reported record third-quarter earnings with $254 million in loan originations and net income of $29.9 million, driven by a widened net interest margin and strong balance sheet growth. The company maintained disciplined purchasing and saw increased yields from accelerated accretion.
Tickers: $NBN
Topics: Balance Sheet Growth Capital Position Earnings Loan Originations Net Income Net Interest Margin