Northeast Bank Third Quarter 2024 Earnings: Beats Expectations

Simply Wall St · 05/13 10:27

Northeast Bank (NASDAQ:NBN) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$37.5m (up 14% from 3Q 2023).
  • Net income: US$13.9m (up 11% from 3Q 2023).
  • Profit margin: 37% (down from 38% in 3Q 2023). The decrease in margin was driven by higher expenses.
  • EPS: US$1.85 (up from US$1.70 in 3Q 2023).
NasdaqGM:NBN Earnings and Revenue History May 13th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Northeast Bank Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 4.9%. Earnings per share (EPS) also surpassed analyst estimates by 6.4%.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Northeast Bank you should be aware of.