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Northeast Bank Recognized as Best Performing U.S. Community Bank with assets between $3B and $10B

Northeast Bank Recognized as Best Performing U.S. Community Bank with assets between $3B and $10B

PORTLAND, Maine, March 24, 2026 -- Northeast Bank (the “Bank”) (NASDAQ:  NBN), announced it has been ranked the best-performing 2025 U.S. community bank with assets between $3 and $10 billion by S&P Global Market Intelligence. 

As of December 31, 2025, Northeast Bank posted strong year-over-year results, demonstrating its strategic focus and operational strength, including: 

  • Increased Total Assets year over year by 21.2% to $4.95 billion.
  • Increased Net Loans by 20.9% year over year.
  • Grew Core Deposits by 15.8% year over year.
  • Quarterly Return on Average Equity of 15.62%.
  • Quarterly Return on Average Assets of 1.87%.
  • Quarterly Efficiency Ratio of 40.13%.

“We are honored to be recognized as a top-performing community bank in the U.S. among our peers.  This achievement reflects the discipline, dedication, and focus of our employees,” said Rick Wayne, President and CEO of Northeast Bank.  “I want to thank each of them for their commitment to excellence. This recognition reinforces our strategy and gives us confidence that we are well positioned to sustain strong, consistent performance in the years ahead.”

S&P Global Market Intelligence ranks institutions based on returns, growth and funding but places a premium on the strength and risk profile of balance sheets. The rankings were launched in 2011 to assess the performance of banks and credit unions. 

To learn more about Northeast Bank visit www.northeastbank.com. 

To learn more about S&P Global Market Intelligence’s list of 2025 Top Performing Banks, access the press release here.

About Northeast Bank
Northeast Bank (NASDAQ: NBN) is headquartered in Portland, Maine and operates as both a national lender and a community bank. The Bank’s National Lending Division originates and purchases commercial real estate loans across the country. This division specializes in complex credit structures and secondary market loan acquisitions, providing tailored financing solutions to a diverse national clientele. Complementing this segment, the Bank’s Small Business segment serves as a nationwide Small Business Administration Preferred Lender, offering government-guaranteed loans and small-balance insured financing. On a regional and national level, Northeast Bank provides a comprehensive suite of depository products and cash management and treasury services through a network of seven full-service branches in Maine alongside the Bank’s digital banking division, ableBanking. For more information, please visit www.northeastbank.com.