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Northeast Bancorp: Fiscal 4Q Earnings Snapshot

July 30, 2019

LEWISTON, Maine (AP) _ Northeast Bancorp (NBN) on Tuesday reported a fiscal fourth-quarter loss of $603,000, after reporting a profit in the same period a year earlier.

On a per-share basis, the Lewiston, Maine-based company said it had a loss of 7 cents. Earnings, adjusted for non-recurring costs, came to 59 cents per share.

The holding company for Northeast Bank posted revenue of $23.7 million in the period. Its adjusted revenue was $18.4 million.

For the year, the company reported profit of $13.9 million, or $1.52 per share. Revenue was reported as $68.4 million.

Northeast Bancorp shares have increased 26% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $21.06, an increase of 2% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NBN at https://www.zacks.com/ap/NBN

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