Northeast Bank (FRA:73K)
€ 88 0 (0%) Market Cap: 726.26 Mil Enterprise Value: 766.28 Mil PE Ratio: 11.93 PB Ratio: 1.92 GF Score: 68/100
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Q4 2023 Northeast Bank Earnings Call Transcript

Jul 25, 2023 / 02:00PM GMT
Release Date Price: €41.6 (+1.96%)
Operator

Good day, and thank you for standing by. Welcome to the Northeast Bank Fourth Quarter Fiscal Year 2023 Earnings Call. (Operator Instructions) Please be advised that today's conference is being recorded. I will now like to hand the conference over to your speaker today, Rick Wayne, CEO. Please go ahead.

Richard N. Wayne
Northeast Bank - President, CEO & Director

Good morning. and thank you all for joining us today. I am Rick Wayne, the Chief Executive Officer of Northeast Bank. And with me on the call are JP Lapointe, our Chief Financial Officer; and Pat Dignan, our Chief Credit Officer and Executive Vice President.

After my comments, JP, Pat and I will be happy to answer your questions. I'm going to reference in my comments, the investor deck that was uploaded last night. Starting with Slide #3, under the heading financial highlights. For the quarter, we purchased $48.8 million of loans with a UPB of $54.3 million. Make a few comments on that volume. It's a -- typically, the June 30 quarter is not the busiest in the year. And if you go back and

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