The in-line EPS and strong loan growth suggest stable operations, but the record originated loan volume occurring late in the quarter may shift the benefit to future periods. Monitor the upcoming conference call for commentary on net interest margin trajectory and credit quality trends, especially given the increase in provision for credit losses.
Price Chart
Executive Summary
Northeast Bank reported Q1 fiscal 2027 (September 30, 2026) diluted EPS of $3.42, essentially in line with the $3.41 consensus, and net income of $29.0 million, up 28.6% from $22.5 million a year ago. Revenue (net interest income before provision) rose 22.2% to $58.9 million, driven by strong loan production of $534.3 million, including record originated loan volume of $258.6 million. Asset quality improved with nonperforming assets declining to 0.6% of total assets, and the Tier 1 leverage ratio strengthened to 12.1%.
Key Financial Metrics
Key Facts
- Diluted EPS of $3.42 vs consensus of $3.41 (in line)
- Net income of $29.0 million, up 28.6% from $22.5 million in the year-ago quarter
- Net interest income before provision rose to $58.9 million from $48.2 million YoY
- Total loan production of $534.3 million, including record National Lending originated loans of $258.6 million
- Nonperforming assets fell to 0.6% of total assets from 0.7% at June 30, 2026
- Tier 1 leverage capital ratio improved to 12.1% from 11.9%
- Dividend unchanged at $0.01 per share
Financial Impact
EPS in line with consensus; net income up 28.6% YoY; loan production up 86.5% YoY to $534.3 million
Risk Factors
- Net interest margin compressed to 4.57% from 4.59% a year ago and 4.80% in the prior quarter
- Provision for credit losses turned to a charge of $794K from a credit of $435K YoY, reflecting loan growth and qualitative adjustments
- Noninterest expense increased 10.4% YoY, outpacing noninterest income growth of 14.2%
- Concentration in commercial real estate loans at 490% of total capital
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3388572 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 1d ago | Press Release | $129.05 | awaiting T+60 | — | $132.98 (+3.05%) |
Oct 20, 2026 7d ago | Press Release | $127.43 | awaiting T+60 | — | $132.98 (+4.36%) |
Jul 27, 2026 13w ago | Press Release | $133.11 $124.75 | ▼ −6.28% | ▼ −9.99% | $132.98 (−0.10%) |
Jul 16, 2026 14w ago | Press Release | $136.31 $125.99 | ▼ −7.57% | ▼ −11.28% | $132.98 (−2.44%) |
Jun 11, 2026 19w ago | Institutional Cluster | $128.69 $132.86 | ▲ +3.24% | ▼ −1.16% | $132.98 (+3.33%) |
Apr 21, 2026 27w ago | Press Release | $122.35 $136.31 | ▲ +11.41% | ▲ +4.51% | $132.98 (+8.69%) |
Feb 28, 2026 34w ago | Institutional Cluster | $112.94 $126.64 | ▲ +12.13% | ▲ +2.80% | $132.98 (+17.74%) |
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