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2025-12-18 16:17
- Northeast Bank (NBN) has purchased or entered into agreements to purchase commercial real estate loans in the aggregate amount of an unpaid principal balance of approximately $525 million.
- Because the purchases will primarily close late in the quarter, the Bank (NBN) anticipates there will be minimal impact on earnings for the second fiscal quarter of 2026.
- “This quarter's loan purchases rank as our third-highest volume since we started purchasing loans," Rick Wayne, Chief Executive Officer, said.
More on Northeast Bank
- Northeast Bank (NBN) Q1 2026 Earnings Call Transcript
- Northeast Bank 2026 Q1 - Results - Earnings Call Presentation
- Northeast Bank Is Prime For An Upgrade
- Northeast Bank GAAP EPS of $2.67 misses by $0.01, revenue of $52.87M misses by $4.56M
- Seeking Alpha’s Quant Rating on Northeast Bank
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