Jan. 30 at 9:30 PM
$NBN Northeast Bank reports Q2 EPS 1.85 vs.
$1.54 last year
"We had another strong quarter, with continued growth in our National Lending Division purchased portfolio," said Rick Wayne, Chief Executive Officer. "National Lending Division volume totaled
$249.6 million, including
$186.1 M of purchases and
$63.5M of originations. We extended our at-the-market offering, which provides the Bank with the ability to raise capital if and as needed. For the quarter, we are reporting earnings of
$1.85 per diluted common share, a return on average equity of 17.4%, and a return on average assets of 1.9%." As of December 31 total assets were
$2.97B an increase of
$99M, or 3.5%, from total assets of
$2.87 billion as of June 30.
