Northeast BankNASDAQ: NBN

Investor Call Deck FY2026 Q4 Final

· Issued by Northeast Bank
Watch Northeast Bank explain itNortheast Bank (NBN) Q4 2026 Earnings Call · Replay · Jul 27

INVESTOR CALL

FY26 Q4

July 27, 2026



FINANCIAL HIGHLIGHTS

QN F'29

F'29

Total Loan Volume

$389.8 million

$1.95 billion

Total Loans, including loans held for sale at June 30, 2026

$4.59 billion

$4.59 billion

Net Increase in Loans

$32.3 million (0.7%)

$801.8 million (21.2%)

National Lending:

Purchased Loans

$94.4 million invested on $102.3 million of UPB(1)

(92.3% purchase price)

$797.3 million invested on $856.4 million of UPB(1)

(93.1% purchase price)

Originated Loans(2)

$257.3 million

$897.4 million

Weighted Average Rate at origination

7.0%

7.4%

SBA Loans Originated

$33.5 million

$152.8 million

SBA Loans Sold

$30.0 million

$2.9 million

$140.9 million

Gain on Sale of Loans

$12.0 million

Insured Small Balance Business Loans Originated

$4.5 million

$101.7 million

Net Interest Margin

4.80%

4.77%

Total Return on Purchased Loans(3)

9.33%

8.86%

Net Income

$34.3 million

$107.5 million

Net Proceeds from Share Issuances

No activity

No activity

Availability under At-the-Market Offering

$65.4 million

$65.4 million

Loan Capacity as of 6/30/2026

$1.51 billion

$1.51 billion

EPS Basic (Diluted)

$4.13 ($4.05)

$12.94 ($12.74)

Return on Equity

23.51%

19.74%

Return on Assets

2.71%

2.31%

Tangible Book Value per Share(4)

$70.58

$70.58

  1. Unpaid principal balance.

  2. National Lending originations for Q4 FY26 were 74% variable rate, of which 11% were Prime-rate based and 89% were SOFR-based. National Lending originations for FY26 were 93% variable rate, of which 21% were Prime-rate based and 79% were SOFR-based.

  3. The total return on purchased loans represents scheduled accretion, accelerated accretion, gains (losses) on real estate owned, release of allowance for credit losses on purchased loans, and other noninterest income recorded during the period divided by the average invested balance on an annualized basis. The total return on purchased loans does not include the effect of purchased loan charge-offs or recoveries during the period. Total return on purchased loans is considered a non-GAAP financial measure.

  4. Tangible book value per share represents total shareholders' equity less the sum of preferred stock and intangible assets divided by common shares outstanding.Tangible book value

per share is considered a non-GAAP financial measure. 3



OUR STRATEGY

4



Northeast Bank is a national commercial real estate and small business lender and Maine community bank with over 150 years of experience.

Strong returns

3-Year Avg ROE of 18.7% and ROA of 2.1%

3-Year Loan Growth of 82.2%

3-Year Small business originations of $755.5 million and sales of $511.9 million

3-Year Avg NIM of 4.9%

7 Branches

3-Year Core Deposit Growth of 45.2%

Purchased Commercial Real Estate Lending

Originated Commercial Real Estate Lending

Retail Banking

Small Business Lending

5



EARNINGS THAT SCALE

EPS (Diluted)

s12.7N

s10.08

s7.U8

sU.99

s1N.00 s12.00 s10.00 s8.00 s9.00 sN.00 s2.00

2U.0%

20.0%

1U.0%

ROE

s-

s80.00 s70.00 s90.00 sU0.00 sN0.00

F' 23 F' 2N F' 2U F' 29

Tangible Book Value per Share

10.0%

19.0%

19.7%

17.U%

19.U%

s70.U8

sU7.98

sN9.3N

s38.99

U0.0%

N0.0%

30.0%

F' 23 F' 2N F' 2U F' 29

NU.9%

N1.8%

39.8%

38.0%

Efficiency Ratio (1)

s30.00

923022023 92302202N 92302202U 923022029

20.0%

F' 23 F' 2N F' 2U F' 29

(1) Efficiency ratio represents noninterest expense divided by the sum of net interest income (before the credit loss provision) plus noninterest income. Efficiency ratio is

considered a non-GAAP financial measure. 6



NATIONAL LENDING DIVISION THE GROWTH ENGINE

$2,000

$1,750

$1,500

$1,250

i j $1,000



$750

$500

$250

$0

51,872

5832



$557

FY 23

FY 24

Purchases(UPB)



5808

FY 25

Oriqinations (UPB)

$1,754

$897

FY 26

NOrtneast

B A N K 7



SMALL BUSINESS LENDING FEE INCOME

$23.2

sN08.U

s308.8

$12.0

s1U2.8

s1N0.9

s92.U

s101.7

s92.2

$3.3

s1U.9 s12.0

$0.6

sU00 s2U.0

sN00 s20.0

Millions

Millions

s300 s1U.0

s200 s10.0

s100 sU.0

s0

F' 23 F' 2N F' 2U F' 29

s-

(1)

SBA 7(a) Loans Funded SBA 7(a) Loans Sold Insured Small Balance Business Loans Funded Gain on Sale of Loans

(1) SBA loan volumes decreased during FY 26 as a result of the SBA SOP changes implemented on June 1, 2025, which lengthened the origination time as well as the government shutdown that lasted from October 1, 2025 through November 12, 2025.

8



LOAN MIX

sU,000

Community Bank Small Business National Lending Originated (1) National Lending Purchased

s23N.8

s1,2U1.8

s1NU.0

s18.3

sN8.N s22.7

s981.U

s2N.9

s27.U

s1,U89.U

s1,N80.1

s987.8

s1,708.9

s2,37U.2

s2,7U9.9

sN,U92

sN,000

s3,790

Millions

s3,000

s2,000

s2,U20

s2,791

s1,000

s0

923022023 92302202N 92302202U 923022029

s1N.1

(1) 95.8% of the National Lending Originated portfolio had an interest rate floor, with a weighted average floor of 7.20% as of June 30, 2026.

Note: Includes loans held for sale.

9



FUNDING MIX

sU,000

$180

$320

$880

$93

$144

$596

$732

$278

$919

$311

$159

$840

$147

$2,519

$345

$155

$1,306

s2,2N8

s2,98U

$2,244

$74

$917

sN,U30

sN,000

s3,999

Millions

s3,000

s2,000

s1,000

s-

923022023 92302202N 92302202U 923022029

Demand Savings and interest checking Money market Time Borrowings

10



EFFECTIVE COST MANAGEMENT

s300.0 s2U0.0

50.0%

45.6%

s239.U

41.8%

s212.8

s1UN.U

38.0%

s12N.0

s89.8

s78.N

s9N.9

sU9.U

36.8%



45.0%

s200.0

Millions

s1U0.0

40.0%

35.0%

s100.0

sU0.0 s0.0

F' 23 F' 2N F' 2U F' 29

30.0%

25.0%

Total Revenue Non interest Expense Efficiency Ratio

(1) Total Revenue includes net interest income before credit loss provision (credit) and noninterest income.

11



QUARTERLY RESULTS

12



NET INCOME BY TRAILING 5 QUARTERS

$40,000

$29,853

$25,215

$22,541

$20,740





$35,000

$30,000

525,000



520,000

$15,000 610,000

$5,000

$0

04 FY25

0J FY26

02FY26

03 FY26 04 FY26

NOrtneast

B A N K 13



NET INTEREST INCOME BY TRAILING 5 QUARTERS

s120,000

s89,993

s83,207

s8N,087

s93,073

s90,319

sU3,931

sN8,192

sN8,801

s3U,792

s3U,01U

s3U,289

s38,798

s39,N99

s7,892

s7,U99

s2,999

s2,779

N,8N1

s100,000

s101,871 s99,78U

s80,000

Thousands

s90,000

sN0,000

s20,000

s-

QN F'2U Q1 F'29 Q2 F'29 Q3 F'29 QN F'29

Interest and Dividend Income Interest Expense

Net Interest Income, before provision for credit losses Transactional Interest Income

14



LOAN PERFORMANCE & AVERAGE LOAN BALANCE BY TRAILING 5 QUARTERS

Loan Performance Average Loan Balance

11.00%

10.00%

9.00%

8.00%

7.00%

9.00% U.00% N.00%

9.9U%

U.10%

U.1U%

sU,000

s2,N23

s2,793

s2,828

s2,N1U

s2,311

s1,39N

s1,3NN

s1,N7N

s1,801

s1,9N8

8.93%

9.U1%

9.33%

8.79%

8.03%

8.19%

7.72%

8.21%

7.98%

sN,000

Millions

s3,000

s2,000

N.U9%

N.N9%

N.80%

s1,000

QN F'2U Q1 F'29 Q2 F'29 Q3 F'29 QN F'29

NIM

Originated Loan Yield (National Lending) Purchased Loan Return (National Lending)

s-

QN F'2U Q1 F'29 Q2 F'29 Q3 F'29 QN F'29

Purchased Originated (1)

  1. Balances include loans held for sale.

    15



    LOAN PORTFOLIO SUMMARY

    Loan Portfolio

    # of Loans

    Total Balance

    Average Balance

    WA LTV (2)

    Dollars in thousands

    National Lending Division:

    Purchased Loans (1)

    3,421

    $ 2,756,583

    $ 806

    54%

    Direct Originated Loans

    101

    694,425

    6,875

    55%

    Lender Finance Loans

    110

    892,098

    8,110

    45%

    Small Business Division (3)

    6,186

    127,557

    21

    Community Banking Division

    292

    14,125

    50

    43%

    Total

    10,110

    s N,N8N,788

    s NNN

    U2%

    1. Total balance of $2.76 billion is equal to unpaid principal balance of $2.90 billion, net of $140.7 million purchased loan rate mark discount.

    2. LTV is calculated as the book balance of the loan, prior to any ACL, divided by the value of the underlying real estate collateral.

    3. Balance does not reflect loans held for sale. Includes SBA and insured small balance business loans which are primarily collateralized by UCC filings on all business assets of borrowers.

All data as of June 30, 2026, unless otherwise noted.

16



NATIONAL LENDING PORTFOLIO ROLL FORWARD - LINKED QUARTER

$4,750

54,500

54,250

SUO!II!H

$4,000

83750

53,500

5257.3

$94.4

53,250

$4,312.0

S(171.8)

$(148.8)



Balance at 3/31/26 Originations Originated Run-off Purchases Purchased Run-Off Balance at

(1) (1) 6/30/2026

(1) Run-off includes scheduled amortization, principal pay downs and payoffs.

NOrtneast

B A N K 17



SMALL BUSINESS LENDING BY TRAILING 5 QUARTERS

Loan Originations and Sales

Thousands

s12U,000 s100,000 s7U,000 sU0,000 s2U,000

s0

s10N,N98

s107,U8U

s70,910

sU2,7NU sN1,979

s39,802

s2U,090

s38,N8sN33,032

s27,020

s33,NU7

s30,01U

sN,N77

QN F'2U Q1 F'29 Q2 F'29 Q3 F'29 QN F'29

SBA 7a Loans Funded SBA 7a Loans Sold Insured Small Balance Business Loans Funded

s10,000

Gain on Sale of Loans and Yield

11.U8%

s8,2NN

11.18%

10.89%

9.8N%

10.32%

sN,138

s2,129

9.30%

s2,90U

8.99%

s2,871

8.8U%



12.00%

Gain on sale (Thousands)

sU,000

s0

QN F'2U Q1 F'29 Q2 F'29 Q3 F'29 QN F'29

10.80%

'ield

9.90%

  1. N0%

    Gain on sale of loans - SBA 7a SBA 7a Loans Yield Insured Small Balance Business Loans Yield (1)

    1. Yield does not include impact of approximately 4% in insurance premiums and deductibles, which is included in loan expense.

18



ASSET QUALITY METRICS

NPAs & NPLs Classified Commercial Loans(1)

1.U0%

1.00%

0.U0%

-%

923022023 92302202N 92302202U 923022029

NPAs/ Assets NPLs/ Loans

sN0.0 s30.0 s20.0 s10.0

1.03%

0.90

%

0.83%

0.93%

0.UU%0.92%

0.97%

0.U9%

Millions

s-

s32.1

s2N.0

s22.9

s1N.7

923022023 92302202N 92302202U 923022029

Allowance for Credit Losses / Gross Loans NCOs / Average Loans(2)(3)

-%

0.10%

0.1N%

0.0N%

0.1N%

0.01%

0.23%

0.30%

1.U0%

1.00%

0.U0%

-%

1.28% 1.30%

0.97%

0.29%

923022023 92302202N 92302202U 923022029

0.20%

0.10%

-%

923022023 92302202N 92302202U 923022029

National Lending & Community Bank Small Business

  1. Classified loans includes commercial real estate and commercial and industrial loans risk rated substandard or worse under the Bank's internal loan rating system. These amounts are net of rate mark discount.

  2. Calculated as year-to-date net charge-offs divided by average loans for the same period.

  3. Upon the adoption of CECL, the previously designated non-accretable discount is added to the carrying basis of the loan, with an offsetting allowance. For the years ended June 30, 2024, June 30, 2025, and June 30, 2026, such charged-off discount was 15 basis points, 1 basis point, and 1 basis point, respectively. This component does not represent a loss of invested dollars.

19



DEPOSIT PORTFOLIO CHANGES

By Channels

June 30, 2029

June 30, 202U

Net Change

Dollars in thousands

Balance

WAR

Mix

Balance

WAR

Mix

Balance

%

WAR

Retail

Banking Centers

$ 1,188,500

3.05 %

32 %

$ 1,051,192

3.29 %

31 %

$ 137,308

13 %

(0.24)%

Government Banking

606,550

3.49 %

16 %

523,340

4.10 %

16 %

83,210

16 %

(0.61)%

National Lending

57,284

0.48 %

2 %

51,436

0.69 %

2 %

5,848

11 %

(0.21)%

ableBanking

19,843

2.69 %

1 %

43,966

3.41 %

1 %

(24,123)

(55)%

(0.72)%

Corporate2Institutional

3,463

2.81 %

- %

57,004

4.24 %

2 %

(53,541)

(94)%

(1.43)%

Holdback Accounts

63,306

0.03 %

2 %

52,804

0.04 %

2 %

10,502

20 %

(0.01)%

Brokered Deposits

1,750,815

3.97 %

47 %

1,595,857

4.11 %

47 %

154,958

10 %

(0.14)%

Grand Total

s3,989,791

3.N9 %

s3,37U,900

3.73 %

s31N,191

9 %

(0.27)%

By Products

June 30, 2029

June 30, 202U

Net Change

Dollars in thousands

Balance

WAR

Mix

Balance

WAR

Mix

Balance

%

WAR

Checking

$ 822,784

2.75 %

22 %

$ 778,452

3.23 %

23 %

$ 44,332

6 %

(0.48)%

Savings

210,965

2.18 %

6 %

208,035

2.80 %

6 %

2,930

1 %

(0.62)%

Money Market

73,640

1.72 %

2 %

92,716

2.26 %

3 %

(19,076)

(21)%

(0.54)%

Certificate of Deposit

2,519,066

3.94 %

68 %

2,243,594

4.14 %

66 %

275,472

12 %

(0.20)%

Holdback Accounts

63,306

0.03 %

2 %

52,804

0.04 %

2 %

10,502

20 %

(0.01)%

Grand Total

s3,989,791

3.N9 %

s3,37U,900

3.73 %

s31N,191

9 %

(0.27)%

20



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