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Maine bank combining traditional community banking with a national program that buys performing commercial loans.
Maine bank combining traditional community banking with a national program that buys performing commercial loans.
Buys pools of performing commercial real estate loans from other banks and lenders at a discount, which earns a higher yield than loans it originates in Maine. It funds itself partly with deposits gathered online across the US, beyond its Maine branches.
Moat: narrow (process know-how, scale). Its national loan-acquisition platform is a differentiated niche most community banks don't run.
Headquarters: Portland, Maine, US · Founded: 1872 · Employees: 222
Size Northeast Bank (NBN) is a United States Financials company (Regional Banks) with a market value of $1.08B, the 2200th largest of 3,117 United States companies the cockpit tracks. Shares closed at $126.29 on 6 Nov 2026.
Performance Over six months the shares gained 1.3%, against +9.8% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd lowest of 20 in its peer set.
Growth Revenue grew 9.1% over the last twelve months (peer median +12.1%); the operating margin is 63.6% (peer median 35.0%).
Valuation It trades at 1.72× book value against a peer median of 1.11× (3rd most expensive of 21).
Price implies The share price implies a return on equity of about 11.8%; Northeast Bank delivers 20.0%, so the price asks less than the business earns today.
Short interest Short interest is 6.3% of the free float (15 Oct 2026).
Next results Next results expected around 27 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | $398M | $383M | $351M | $264M | $183M |
| Revenue growth | — | +9% | +33% | +44% | — |
| Net income | $114M | $107M | $83.4M | $58.2M | $44.2M |
| Free cash flow | n/a | -$64.0M | $53.4M | $111,000 | $57.6M |
| Capital expenditure | n/a | $1.45M | $707,000 | $2.45M | $2.46M |
| Total debt | $865M | $856M | $339M | $365M | $585M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Northeast Bank NBN | $1.08B | +1% | +9% | 20% | 1.72× | 11.8% |
| Live Oak Bancshares LOB | $1.57B | -10% | +9% | 11% | 1.30× | 17.1% |
| Byline Bancorp BY | $1.70B | +15% | +2% | 12% | 1.34× | 10.3% |
| ConnectOne Bancorp CNOB | $1.63B | +8% | +24% | 10% | 1.10× | 10.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | NBN | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.3% | +3.6% | 8th lowest of 21 |
| 6-month return | +1.3% | +9.8% | 2nd lowest of 20 |
| Return on equity | 19.9% | 10.8% | highest of 21 |
| Price / book | 1.72× | 1.11× | 3rd most expensive of 21 |
| Trailing P/E | 9.4× | 11.7× | cheapest of 21 |
| ROE the price implies | 11.8% | 9.0% | 4th most demanding of 21 |
| ROE delivered | 20.0% | 10.2% | highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Northeast Bank NBN | United States | $1.08B | +1% | +9% | 20% | 1.72× | 11.8% | 20.0% |
| Five Star Bancorp FSBC | United States | $1.08B | +6% | +18% | 15% | 1.75× | 10.4% | 14.8% |
| San ju San Financial 7322.T | Japan | $1.08B | +1% | +23% | 5% | 0.72× | 6.9% | 5.4% |
| Horizon Bancorp HBNC | United States | $1.07B | +13% | +424% | 16% | 1.52× | 12.0% | 15.7% |
| Univest Financial UVSP | United States | $1.10B | +4% | +2% | 10% | 1.16× | 9.1% | 10.0% |
| CNB Financial CCNE | United States | $1.06B | +15% | +26% | 13% | 1.24× | 9.0% | 13.2% |
| Bank of Jiujiang 6190.HK | Hong Kong | $1.06B | +55% | -2% | 1% | 0.20× | 3.5% | 1.5% |
| Mercantile Bank MBWM | United States | $1.05B | +16% | +5% | 14% | 1.41× | 11.5% | 13.6% |
| Forbright FRBT | United States | $1.04B | n/a | +11% | 11% | 1.01× | 6.4% | n/a |
| First Bank of Toyama 7184.T | Japan | $1.12B | +10% | +14% | 10% | 0.90× | 7.9% | 10.2% |
| Business First Bancshares BFST | United States | $1.04B | +16% | +7% | 10% | 1.02× | 8.6% | 10.1% |
| MetroCity Bankshares MCBS | United States | $1.04B | +10% | +25% | 17% | 1.78× | 12.2% | 16.9% |
| Eagle Bancorp EGBN | United States | $1.03B | +28% | -11% | 5% | 0.89× | 9.0% | 4.7% |
| TOMONY 8600.T | Japan | $1.13B | +6% | +12% | 6% | 0.60× | 4.5% | 5.9% |
| Southside Bancshares SBSI | United States | $1.01B | +2% | +9% | 12% | 1.54× | 10.1% | 11.8% |
| Heritage Financial HFWA | United States | $1.15B | +3% | +22% | 8% | 1.06× | 7.8% | 7.8% |
| Miyazaki Bank 8393.T | Japan | $1.16B | +8% | +8% | 7% | 0.77× | 6.2% | 7.0% |
| Equity Bancshares EQBK | United States | $1.00B | +7% | +53% | 12% | 1.23× | 10.4% | 12.1% |
| Metropolitan Bank MCB | United States | $1.17B | +5% | +12% | 13% | 1.20× | 11.3% | 13.1% |
| Oita Bank 8392.T | Japan | $1.18B | +13% | +25% | 5% | 0.69× | 6.2% | 4.7% |
| Central Pacific Financial CPF | United States | $974M | +10% | +4% | 15% | 1.68× | 13.2% | 14.9% |