$NBN Northeast Bank's national lending platform functions by sourcing commercial real estate (CRE) and corporate loans in the secondary market.
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Stock Price: $131.05 • 10/29/26
Northeast Bank (NBN) makes and buys commercial-property loans nationwide, alongside its Maine banking business.
September-quarter profit rose 29% as commercial loan originations reached a record. It bought another $238 million of loans at an average 93.5% of their unpaid principal. Its November 24 shareholder meeting includes a planned discussion of operations.
With a market cap of approximately $1.1 billion, NBN trades at approximately 10x trailing reported profit. Credit-loss recoveries helped earnings, so the discount depends on sustained loan income. Commercial-property losses, funding costs and potential share sales remain risks.
Opinion: NBN appears potentially undervalued if its growing commercial-loan business sustains earnings and November's update supports confidence in credit quality and funding.
Daily closes 路 through Oct 28, 2026 路 Yahoo Finance
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$NBN Northeast Bank's national lending platform functions by sourcing commercial real estate (CRE) and corporate loans in the secondary market.