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Northeast Bank Announces Increased Share Repurchase Program


Northeast Bank Announces Increased Share Repurchase Program
Nachrichtenquelle: globenewswire
 |  26.04.2021, 14:44  | 
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PORTLAND, Maine, April 26, 2021 (GLOBE NEWSWIRE) Northeast Bank (the “Bank”) (NASDAQ: NBN) announced today that its Board of Directors has approved an increase to its previously approved share
repurchase program from 600,000 shares to 1,000,000 shares of common stock, or up to $25.0 million, representing approximately 12.0% of the Bank’s common stock outstanding.
Repurchases under this program may be made in open market transactions. The timing and actual number of shares repurchased will depend on a variety of factors including price, corporate and
regulatory requirements, market conditions, and other corporate liquidity requirements and priorities. The repurchase program ....

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The Bank of Princeton Announces First Quarter 2021 Results


The Bank of Princeton Announces First Quarter 2021 Results
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PRINCETON, N.J., April 22, 2021 /PRNewswire/ The Bank of Princeton (the Bank ) (NASDAQ: BPRN) today reported its unaudited results of operations and financial condition for the quarter ended March 31, 2021.  The Bank reported net income of $4.9 million, or $0.70 per diluted common share, for the first quarter of 2021, compared to net income of $4.1 million, or $0.60 per diluted common share, for the fourth quarter of 2020, and net income of $3.0 million, or $0.44 per diluted common share, for the first quarter of 2020. The increase in net income, when compared to the three months ended December 31, 2020, was primarily due to a $1.2 million increase in net-interest income and a $525 thousand reduction in the provision for loan losses, partially offset by a $307 thousand decrease in non-interest income and a $349 thousand increase in non-interest expe ....

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