Northeast Bank (NBN) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 11 on your telephone. You will then hear an automated message advising your hand has been raised. To withdraw your question, please press star 11 again. Please be advised that today's conference is being recorded. It is now my pleasure to introduce CEO Rick Wayne. Thank you, and good afternoon to all of you that are listening to this call. With me are Pat Dignan, our Chief Operating Officer and Head of Commercial Credit for the bank, and Richard Cohen, our CFO. After I make some comments, Pat will follow up, in a lively conversation about our loan book, both about commercial real estate loans and the SBA, and some very helpful information about our multifamily portfolio in New York City. I think you'll find all that quite interesting. And after Pat's comments, Richard, Pat, and I are available for any questions that you might have. Let me start by looking at page number one of the investor deck that was uploaded yesterday. My opening comment and headline for the quarter, it was a great quarter. On all cylinders, it was a great quarter. And I'm going to just highlight a few things about the quarter and perhaps a few other items about the year because our fiscal year ended June 30th. So it's a big quarter and also a year end for the quarter. First, net income was $25.2 million. Now, as indicated in the earnings release, if we exclude the quarter in which we had a large sale of Triple P loans, this was a record, $25.2 million, excluding the kind of one time or two time it may have been during the year sale of Triple P loans, $25.2 million was a record. and something we're ...