Northeast Bank Reports Q1 GAAP EPS of $3.42, Exceeding Estimates Amid Revenue Miss
Northeast Bank (NBN) reported its first-quarter financial results, featuring a GAAP earnings per share (EPS) of $3.42. This figure slightly outperformed analyst expectations by $0.01. Despite the earnings beat, the bank's revenue reached $64.27 million, representing a 21.6% increase year-over-year but falling short of consensus estimates by approximately $2.5 million. The mixed results highlight strong bottom-line efficiency even as top-line growth lagged behind market projections.
Tickers: $NBN
Topics: earnings beat financial results GAAP EPS revenue miss
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