- NBN reported **net income of $22.5 million** and **diluted earnings per share (EPS) of $2.67** for Q1 FY26.  **[0000811831_2211166:5]** 
- The company's **total loan volume for Q1 FY26 was $320.5 million**, with a **loan capacity of $1.4 billion** as of September 30, 2025.  **[0000811831_2211166:5]** 
- **Total revenue for Q1 FY26 was $52.9 million**, while **noninterest expense stood at $21.9 million**.  **[0000811831_2211166:15]** 
- Total deposits increased by **4.02%** to **$3,250,385 thousand** as of September 30, 2025, compared to September 30, 2024.  **[0000811831_2211166:14]** 
- The **Net Interest Margin (NIM) for Q1 FY26 was 4.59%**.  **[0000811831_2211166:5]**

NBN Announces Q1 FY26 Results

- Northeast Bank reported strong financial results for Q1 fiscal year 2026, with **net income of $22.5 million**, **diluted earnings per share of $2.67**, a **return on equity of 17.64%**, and a **return on assets of 2.13%**.  **[0000811831_2216482_1]** **[0000811831_2216482_4]** 
- Loan activity was robust, with **$144.6 million** in purchased loans and **$134 million** in originations during the quarter.  **[0000811831_2216482_1]** **[0000811831_2216482_4]**  The purchase pipeline is described as "as large now as we have seen in quite some time," and the origination pipeline is "quite robust".  **[0000811831_2216482_1]** **[0000811831_2216482_3]** 
- Gains on sales of SBA loans were **$4.2 million**, down from **$8.2 million** in the prior quarter, primarily due to rule changes and a government shutdown impacting new originations.  **[0000811831_2216482_1]** **[0000811831_2216482_4]**  This difference amounted to **$0.34 diluted EPS**.  **[0000811831_2216482_1]** 
- **Richard Cohen**, Chief Financial Officer, is departing the bank after almost two years, with **Santino Delmolino**, Corporate Controller, stepping into a new role.  **[0000811831_2216482_1]** **[0000811831_2216482_6]**

Northeast Bank Reports Strong Q1 2026 Earnings and Announces CFO Departure

- Northeast Bank reported strong Q1 fiscal year 2026 financial results, including **net income of $22.5 million**, **diluted earnings per share of $2.67**, a **Net Interest Margin (NIM) of 4.59%**, **Return on Equity (ROE) of 17.64%**, and **Return on Assets (ROA) of 2.13%**.  **[0000811831_2211569_1]** 
- Loan activity was robust, with **$152.7 million** in purchased loans and **$134 million** in originated loans, and both purchase and origination pipelines are described as strong.  **[0000811831_2211569_1]** **[0000811831_2211569_3]** 
- SBA activity generated **$4.1 million** in gains on sales, a decrease from the prior quarter attributed to rule changes and a government shutdown, though volumes are expected to ramp up once the government reopens.  **[0000811831_2211569_1]** **[0000811831_2211569_3]** **[0000811831_2211569_4]** 
- Chief Financial Officer **Richard Cohen is departing** at the end of October 2025, with Corporate Controller Santino Delmolino taking over.  **[0000811831_2211569_1]** **[0000811831_2211569_6]** 
- The bank maintains strong asset quality, particularly in its lender finance portfolio, due to comprehensive underwriting and monitoring.  **[0000811831_2211569_4]** **[0000811831_2211569_7]** **[0000811831_2211569_8]**

Northeast Bank Reports Strong Q1 2026 Results and CFO Transition

- Northeast Bank reported strong financial results for Q1 fiscal year 2026, with **net income of $22.5 million** and **diluted earnings per share of $2.67**.  **[0000811831_2216519_1]**  The bank achieved a **return on equity of 17.64%** and a **return on assets of 2.13%**.  **[0000811831_2216519_1]** 
- Loan purchase activity was robust, with **$144.6 million invested** in loans with a principal balance of **$152.7 million**.  **[0000811831_2216519_1]**  The purchase pipeline is currently "as large now as we have seen in quite some time," driven by M&A activity and balance sheet repositioning.  **[0000811831_2216519_1]**  Originations totaled **$134 million**.  **[0000811831_2216519_1]** 
- Gains on SBA loan sales decreased to **$4.2 million** from $8.2 million in the prior quarter, primarily due to rule changes at the SBA in May and a government shutdown impacting new originations since October 1.  **[0000811831_2216519_1]** **[0000811831_2216519_3]** **[0000811831_2216519_4]** 
- **Richard Cohen, the Chief Financial Officer, is departing** after almost two years, with Corporate Controller Santino Delmolino stepping into the role.  **[0000811831_2216519_1]** **[0000811831_2216519_6]** 
- The bank expressed comfort with its asset quality, particularly in its lender finance portfolio, citing rigorous underwriting, independent verification of lien positions, and daily monitoring of collateral.  **[0000811831_2216519_8]**

Company not found (NBN)