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Northeast Bancorp: Fiscal 1Q Earnings Snapshot

·1 min read

LEWISTON, Maine (AP) _ Northeast Bancorp (NBN) on Thursday reported net income of $7.8 million in its fiscal first quarter.

On a per-share basis, the Lewiston, Maine-based company said it had net income of 94 cents.

The holding company for Northeast Bank posted revenue of $24.9 million in the period. Its adjusted revenue was $21.4 million.

Northeast Bancorp shares have fallen 12% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $19.25, a drop of 11% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NBN at https://www.zacks.com/ap/NBN