Lewiston-based Northeast Bancorp, the parent company of Northeast Bank, reported net income of $960,691 for the quarter ending Sept. 30, a 94 percent gain over the same period last year.
The firm’s fiscal year 2010 first quarter net income was $495,669.
The bank attributed the results to strong residential loan originations and improved investment commission income.
Common stockholders’ diluted shares rose to 38 cents, up from 19 cents during the same period last year.
Send questions/comments to the editors.
Related Stories
Latest Articles
Success. Please wait for the page to reload. If the page does not reload within 5 seconds, please refresh the page.
Enter your email and password to access comments.
Hi, to comment on stories you must . This profile is in addition to your subscription and website login.
Already have a commenting profile? .
Invalid username/password.
Please check your email to confirm and complete your registration.
Only subscribers are eligible to post comments. Please subscribe or login first for digital access. Here’s why.
Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.