Professional
Added to YB: 2024-11-19
Pitch date: 2024-11-14
NBN [bullish]
Northeast Bank
-4.36%
current return
Author Info
No bio for this author
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Company Info
Northeast Bank provides various banking services to individual and corporate customers in Maine. Its deposit products include demand deposit, NOW, money market, savings, certificate of deposit, and checking accounts.
Market Cap
$816.4M
Pitch Price
$101.82
Price Target
N/A
Dividend
0.04%
Sector
Banks
Category
growth
Hinde Group Portfolio Holding: Northeast Bank
NBN: Q3 highlights: 1) $808M loan purchases at 90.7% UPB, adding ~$30M annual net interest income. 2) Newity partnership gaining traction, originating 766 SBA 7(a) loans ($82.4M). Now 5th largest SBA originator. 20.8% IRR over 7+ years. Strong Q4 start, reaching $100+. Optimistic outlook.
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