Northeast Bancorp: Fiscal 4Q Earnings Snapshot
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.