Northeast Bank
National commercial real estate lender built on a Maine deposit charter and an SBA lending engine.
Something off on this page? Send us feedback.
Profile
A Maine-chartered commercial bank that rebuilt itself after a 2010 reverse acquisition as a national CRE specialty lender: the National Lending Division buys discounted loans and originates bridge CRE nationwide, an SBA National Division produces gains from government-guaranteed loan sales, and online deposit programs alongside seven Maine branches supply the funding base.
Chartered in Maine in 1872, the bank was remade in December 2010 when a team of Capital Crossing Bank alumni took control through a reverse acquisition and installed a national commercial real estate strategy.
The National Lending Division purchases seasoned CRE loans at discounts to unpaid principal balance and originates bridge CRE loans nationwide; collateral is concentrated in New York, California, Florida, and New Jersey. An SBA National Division originates government-guaranteed small-business loans and sells the guaranteed portions in the secondary market — the primary source of non-interest fee income.
Funding relies on seven Maine branches and two online deposit programs — ableBanking and NEB Online — rather than a broad physical footprint. Commercial real estate accounts for nearly the entire loan portfolio.
Company facts
Categories
Key statistics
Year to date +25.8% · Average volume (30d) 114.4K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 3, 2026 | Piper Sandler | Reiterate | Overweight | $145 | $151 |
| Apr 29, 2026 | Piper Sandler | Target | $133 | $145 | |
| Dec 18, 2025 | Piper Sandler | Target | $80 | $133 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 27, 2026Q4 FY26 | $3.40 | $4.05 | +19.1% | $67.2M | $65.2M | −2.9% | −5.00% |
| Apr 27, 2026Q3 FY26 | $3.00 | $3.53 | +17.7% | $61.5M | $66.6M | +8.3% | +4.56% |
| Jan 26, 2026Q2 FY26 | $2.38 | $2.47 | +3.8% | $54.8M | $51.8M | −5.6% | −3.68% |
| Oct 28, 2025Q1 FY26 | $2.68 | $2.67 | −0.4% | $54.8M | $49.5M | −9.7% | −6.70% |
Financial highlights
| 12 quarters | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $85.2M | $98.5M | $84.5M | $87.1M | $105.4M | $104.7M | |
| Gross profit | $47.4M | $59.2M | $50.0M | $50.9M | $66.8M | $65.9M | |
| Operating income | $29.5M | $37.7M | $31.4M | $30.1M | $43.2M | $42.4M | |
| Net income | $18.7M | $25.2M | $22.5M | $20.7M | $29.9M | $34.3M | |
| Diluted EPS | $2.23 | $3.00 | $2.67 | $2.47 | $3.53 | $4.05 | |
| Gross margin | 55.6% | 60.2% | 59.1% | 58.5% | 63.4% | 63.0% | |
| Operating margin | 34.7% | 38.3% | 37.2% | 34.6% | 41.0% | 40.5% |
Fiscal years (4-quarter sums)FY22 $109.8M · FY23 $179.9M · FY24 $260.5M · FY25 $345.4M · FY26 $381.7M
Balance sheet, Jun 30, 2026Cash & short-term investments $2.9M · Total debt $857.7M · Total assets $5.23B · Shareholders' equity $603.9M
Dividends
Raised for 11 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 10, 2026 | Aug 10 | Aug 24 | $0.01 | |
| May 12, 2026 | May 12 | May 26 | $0.01 | |
| Feb 11, 2026 | Feb 11 | Feb 25 | $0.01 | |
| Nov 10, 2025 | Nov 11 | Nov 25 | $0.01 | |
| Sep 25, 2025 | Sep 25 | Oct 9 | $0.01 | |
| May 13, 2025 | May 13 | May 27 | $0.01 | |
| Feb 18, 2025 | Feb 18 | Mar 4 | $0.01 | |
| Nov 12, 2024 | Nov 12 | Nov 26 | $0.01 |
Ownership
Shares outstanding 8.29M · Float 7.42M · 89.5% free float
Insiders — no current Form 4 position.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 627.5K | 7.57% | 13F | Aug 7, 2026 |
| Earnest Partners LLC | 615.7K | 7.43% | 13F | Aug 13, 2026 |
| American Century Companies Inc | 454.3K | 5.48% | 13F | Aug 12, 2026 |
| State Street Corp | 354.8K | 4.28% | 13F | Aug 7, 2026 |
| Dimensional Fund Advisors LP | 341.9K | 4.13% | 13F | Aug 11, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Arbor Realty Trust
Multifamily bridge REIT with overlapping NY and FL CRE footprint
- Live Oak Bancshares
Nation's #1 SBA 7(a) lender by dollar volume; branchless digital bank
- Byline Bancorp
Top-10 national SBA 7(a) lender; Chicago-metro commercial bank
- Ladder Capital
Middle-market CRE finance REIT spanning bridge, conduit, and CMBS
- Customers Bancorp
$24.9B branch-light specialized commercial bank; C&I, CRE, SBA, mortgage finance
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Northeast Bank | $129.23 | −0.15% | $1.07B | 10.2 | 8.8 | 2.8 | +4.1% |
| Arbor Realty Trust | $5.06 | 0.00% | $973.3M | 37.4 | 12.0 | 0.8 | −11.1% |
| Live Oak Bancshares | $40.13 | −0.04% | $1.86B | 14.1 | 11.1 | 1.7 | +10.0% |
| Byline Bancorp | $38.30 | −0.10% | $1.74B | 11.6 | 11.6 | 2.7 | +7.4% |
| Ladder Capital | $9.82 | +0.10% | $1.25B | 23.4 | 9.0 | 3.3 | −40.9% |
| Customers Bancorp | $78.58 | 0.00% | $2.66B | 9.6 | 8.7 | 1.8 | +12.4% |
| Median | 14.1 | 11.1 | 1.8 | +7.4% |