The story

Northeast Bank reported annual net income of $107.5 million for fiscal 2026, a 29% increase from the previous year. Quarterly net income was $34.3 million or $4.05 per diluted share. Return on equity for the quarter was 23.5% and return on assets was 2.7%. Tangible book value per share increased by $12.60 or 22% to $70.58.

The bank's annual loan volume reached $1.95 billion, including $897.4 million in National Lending originations. Total assets stood at $5.2 billion at the end of the quarter. Net interest margin was 4.8% for both the quarter and the year, while the efficiency ratio was 36%. Total shareholders' equity increased to $604 million from $568 million in the prior quarter.