Northeast Bank reports $107.5 million annual net income

• Northeast Bank (NASDAQ:NBN) reported a fourth-quarter net income of $34.3 million, bringing its full-year 2026 net income to $107.5 million.
• The institution expanded its balance sheet significantly, with total assets increasing by 22.2% year over year to reach $5.23 billion.
• The company stated that a $520.3 million increase in Federal Home Loan Bank advances was utilized primarily to fund its continued loan growth.

Northeast Bank (NASDAQ:NBN) reported a fourth-quarter net income of $34.3 million for the period ended June 30, 2026.

This quarterly earnings figure represents a direct increase from the $25.2 million, or $3 per share, that the bank recorded during the exact same period in 2025.

For the full 2026 fiscal year, the institution generated a total net income of $107.5 million, up from $83.4 million in the prior year.

The balance sheet showed broad expansion, with total assets rising 22.2% to $5.23 billion and total loans growing by $801.8 million to reach $4.59 billion.

To fund its ongoing loan growth, the company stated that it increased Federal Home Loan Bank advances by 162.5% to $520.3 million.

Additionally, the institution grew its total customer deposits by $314.2 million and announced a $0.01 per share cash dividend payable on August 24, 2026.