134.33
+6.37%
Close of 9 Nov 2026, in USD
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About Northeast Bank
Its shares trade under the ticker NBN. It has been listed since 19 August 1987. In the fiscal year to 30 June 2026, it reported revenue before interest expense of $385.1m and net income of $107.5m. At that date it held total assets of $5.23bn and shareholders' equity of $603.9m.
Northeast Bank is a full-service bank, which offers personal and business banking services. The company is headquartered in Lewiston, Maine. The firm's banking subsidiary is Northeast Bank (the Bank). The firm provides a range of banking services to individual and corporate customers throughout south-central and western Maine and conducts loan purchasing and origination activities nationwide through its subsidiary. The firm conducts its loan-related activities through three primary channels: the Community Banking Division, the Loan Acquisition and Servicing Group (LASG), and the Small Business Administration (SBA) Division. The company offers various loans, such as commercial and industrial loans, consumer loans, multi-family and other commercial real estate loans, and residential loans. The company originates residential mortgage loans secured by one- to four-family properties throughout Maine, southern New Hampshire, and Massachusetts. Its deposit products consist of demand deposit, negotiable order of withdrawal (NOW), money market, savings and certificate of deposit accounts.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Financials
- Industry
- Banks
- Listed since
- 19 Aug 1987
- Employees
- 167
- Website
- northeastbank.com ↗
Leadership
Pay as last reported
- Mr. Matthew BoteinIndependent Chairman of the Board$177,500
- Mr. Richard WaynePresident, Chief Executive Officer, Director, since 2010$3.2m
- Mr. Richard CohenChief Financial Officer$946,622
- Mr. Patrick DignanChief Operating Officer, Executive Vice President$2.5m
- Mr. Robert BanaskiSenior Vice President, Chief Retail Banking Officer$762,000
- Ms. Julie JenkinsChief Information Officer$773,268
- Ms. Cheryl DorseyIndependent Director$112,500
- Mr. William MayerIndependent Director$107,500
- Mr. John OrestisIndependent Director$115,000
- Mr. David TannerIndependent Director$115,000
- Ms. Judith WallingfordIndependent Director$117,000
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 18
- Environment
- 2
- Social
- 41
- Governance
- 12
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Northeast Bank has a strong presence in the local market, with a wide network of branches and ATMs, which provides convenience to customers and helps in expanding customer base. The bank has a reputation for excellent customer service and personalized banking solutions. It also boasts a skilled and experienced team of professionals, enabling efficient operations and decision-making.
Weaknesses
- Northeast Bank faces challenges related to limited geographical reach beyond the region, making it vulnerable to economic fluctuations occurring outside its core market. Additionally, the bank may need to invest further in digital banking technologies to keep up with changing customer preferences and compete with larger national or international banks.
Opportunities
- Northeast Bank has opportunities for expansion by acquiring smaller regional banks or forming strategic partnerships, which would provide access to new markets and diversify its portfolio. There is also scope for leveraging advancements in financial technology to enhance customer experience and streamline processes. The bank can tap into the growing demand for sustainable and socially responsible banking products to attract environmentally-conscious customers.
Threats
- Northeast Bank faces threats from intense competition within the banking industry, with larger financial institutions having greater resources and market influence. Economic downturns or regulatory changes can also pose challenges to the bank's profitability and growth. Additionally, cybersecurity risks and the potential for data breaches pose a threat to customer trust and confidential information.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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