Northeast Bank (NAS:NBN)

Q2 2026 Northeast Bank Earnings Call Transcript

Jan 27, 2026 / 04:00 PM GMT

Release Date Price: $110.04 (-3.68%)

Transcript

Key Points

Positve

Northeast Bank (NBN) reported significant loan volume growth, adding nearly $900 million in loans to its balance sheet during the quarter.
The bank achieved a record quarter for originated loans, with $252 million at a weighted average rate of 7.6%.
Northeast Bank (NBN) maintained strong asset quality, with delinquencies, non-accruals, and classified loans remaining relatively flat quarter over quarter.
The bank's net interest margin (NIM) was 4.49%, and they anticipate an increase in net interest income in future quarters due to a higher loan book.
Northeast Bank (NBN) has a strong capital position, with a tier one leverage ratio of 12.2% and tangible book value of $62.65 per share, providing nearly a billion dollars of loan capacity.

Negative

Net income for the quarter was $20.7 million, which was lower than in some past quarters, primarily due to reduced SBA activity.
The SBA program was impacted by a government shutdown, limiting loan origination and resulting in a $6 million difference in gains compared to the previous quarter.
Net charge-offs increased to $2.9 million from $1.9 million in the previous quarter, largely due to a charge-off on a single purchase loan.
The bank's net interest margin decreased from 4.59% in the previous quarter to 4.49%, due to a lag in liabilities repricing.
Northeast Bank (NBN) relies heavily on brokered deposits for funding, which can be more expensive compared to other sources.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

NBN.OQ - Northeast Bank
Q2 2026 Northeast Bank Earnings Call
Jan 27, 2026 / 04:00PM GMT

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Presentation
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Unidentified_1 [1]
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Welcome to the Northeast Bank second quarter fiscal year 2026 earnings call. My name is Marvin and I'll be your operator for today's call. This call is being recorded. With us today from the bank is Rick Wayne, President and Chief Executive Officer, Santino de Molino, Chief Financial Officer, and Pat Dignon, Chief Operating Officer and Chief Credit Officer.

Prior to the call, an investor presentation was uploaded to the bank's website, which will be referenced in this morning's call. The presentation can be accessed at the investor relations section of Northbank.com under events and presentations.

You may find it helpful to download this investor presentation and follow along during the call.

Also, this call will be

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