Added to YB: 2025-12-30
Pitch date: 2025-11-22
NBN [bullish]
Northeast Bank
+25.94%
current return
Author Info
No bio for this author
Company Info
Northeast Bank provides various banking services to individual and corporate customers in Maine. The company’s deposit products include demand deposit, NOW, money market, savings, certificate of deposit, and checking accounts.
Market Cap
$907.8M
Pitch Price
$84.09
Price Target
N/A
Dividend
0.04%
EV/EBITDA
N/A
P/E
9.97
EV/Sales
N/A
Sector
Banks
Category
value
Best Ideas Madrid 2025 - Northeast Bank
NBN: Elite mgmt (Rick Wayne, 30yr ~20% CAR track record) runs counter-cyclical credit fund disguised as bank - buys discounted loans w/ cheap deposits. Accordion balance sheet expands/contracts on opportunity. Zero credit losses on acquired loans past decade. 20% ROE, reasonably valued despite superior model.
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