Northeast Bank (NAS:NBN)
$ 99.09 -0.05 (-0.05%) Market Cap: 813.16 Mil Enterprise Value: 854.82 Mil PE Ratio: 12.87 PB Ratio: 2.07 GF Score: 61/100
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Q4 2022 Northeast Bank Earnings Call Transcript

Jul 26, 2022 / 02:00PM GMT
Release Date Price: $39.92 (+0.60%)
Operator

Welcome to the Northeast Bank Fourth Quarter Fiscal Year 2022 Earnings Call. My name is Jenny. I'll be your operator for today's call. (Operator Instructions) As a reminder, the conference is being recorded.

I will now turn the call over to Rick Wayne. You may begin.

Richard N. Wayne
Northeast Bank - President, CEO & Director

Good morning, and thank you all for joining us today. As mentioned, I am Rick Wayne, the Chief Executive Officer of Northeast Bank. And with me on the call are JP Lapointe, our Chief Financial Officer; and Pat Dignan, our Chief Credit Officer and Executive Vice President. After my comments, JP, Pat and I will be happy to answer your questions.

Let me first turn to Page 3 of the investor deck that was uploaded on our website last night. I want to comment on a few items listed on Page 3. First, for the quarter, we reported $10.3 million of net income or $1.35 per diluted share. Our return on equity was 16.55%, and our return on assets was 2.68%. And a big driver of our income for the quarter were our National Lending

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