NBN: Northeast Bank - Summary | Jitta

Northeast Bank

NASDAQ:NBN

Price
$42.59
Loss Chance
41.8%
6.32JITTA SCORE
67.31%Under Jitta Line
Jitta Ranking
248 / 319
437 / 729
2,074 / 5,062
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HISTORICAL JITTA SCORE
Jitta Factors
Growth Opportunity (48)
Recent Business Performance (32)
Financial Strength (92)
Return to Shareholders (69)
Competitive Advantage (61)
Jitta Signs
Revenue and EarningConsistent High Growth in the past 3 years
Return on EquityConsistently High
Dividend PayoutEvery year
Share RepurchaseEvery Year
CapExVery Low
SG&A to SalesDecreasing
Total DepositConsistent Growth
Loan to DepositBalanced
Net Interest MarginHigh Efficiency
Operating MarginDeclined
Recent Business PerformanceEarning decline 33.11% in the last year
Key Stats
Jitta Score
Jitta Line
6.32
67.31%
6.15
108.54%
5.16
256.45%
Regional Banks
6.94
28.34%
6.65
47.67%
7.73
65.99%
COMPANY DESCRIPTION
Northeast Bank provides banking services to individual and corporate customers in Maine. The company’s deposit products include demand deposit, NOW, money market, savings, certificate of deposit, and individual retirement accounts, as well as checking accounts. Its loan portfolio comprises residential mortgage loans; multi-family and other commercial real estate loans; commercial and industrial loans, such as term loans, lines of credit and equipment, and receivables financing; consumer loans comprising mobile home and overdraft, and deposit-secured loans; and small business administration loans. In addition, the company offers telephone banking, online banking and bill payment, mobile banking, cash management, and remote deposit capture services, as well as debit and credit card, ATM, electronic transfer, and check services. Further, it provides various services, such as money market, merchant, and payroll and HR. As of June 30, 2022, the company operated a network of seven branches in Maine. Northeast Bank was founded in 1872 and is headquartered in Portland, Maine.