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Northeast Bancorp: Fiscal 4Q Earnings Snapshot

July 30, 2018

LEWISTON, Maine (AP) _ Northeast Bancorp (NBN) on Monday reported fiscal fourth-quarter profit of $4.3 million.

On a per-share basis, the Lewiston, Maine-based company said it had net income of 48 cents.

The holding company for Northeast Bank posted revenue of $19.9 million in the period. Its adjusted revenue was $16.4 million.

For the year, the company reported profit of $16.2 million, or $1.77 per share. Revenue was reported as $60.3 million.

Northeast Bancorp shares have dropped 11 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $20.65, a fall of 3.5 percent in the last 12 months.

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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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