Northeast Bancorp
Northeast Bancorp’s revenue for fiscal 2026 (year ended June 2026) was $385.1 million, up 9.71% from fiscal 2025. In the quarter to June 2026, revenue grew 6.35%, EPS grew 35.0%, free cash flow fell 136.6% and total debt rose 152.4%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for three.
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Northeast Bancorp (NBN) Piotroski F-score
Northeast Bancorp's Piotroski F-score for fiscal 2026 is 4 out of 9: 4 of nine tests of profitability, leverage and efficiency passed, down from 6 in fiscal 2025.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2026 | 4 | (2.00) |
| FY2025 | 6 | 1.00 |
| FY2024 | 5 | (1.00) |
| FY2018 | 6 | (1.00) |
| FY2017 | 7 | — |
How fiscal 2026’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | 2.26% | 2.25% | Pass | 1 |
| Positive operating cash flow | (62.54m) | 54.13m | Fail | 0 |
| Rising return on assets | 2.26% | 2.25% | Pass | 1 |
| Cash flow above net income | (170.01m) | (29.32m) | Fail | 0 |
| Falling long-term leverage | 0.18 | 0.09 | Fail | 0 |
| Rising current ratio | 1.35 | 1.24 | Pass | 1 |
| No new shares issued | 8,303,000 | 8,094,000 | Fail | 0 |
| Rising gross margin | 61.42% | 60.64% | Pass | 1 |
| Rising asset turnover | 0.08 | 0.09 | Fail | 0 |
| Piotroski F-score | Mixed | 4 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| HFWA Heritage Financial Corporation compare | 8 |
| FSBC Five Star Bancorp compare | 8 |
| UVSP Univest Corporation of Pennsylvania compare | 7 |
| AMTB Amerant Bancorp Inc. compare | 7 |
| CFFN Capitol Federal Financial compare | 7 |
| BFST Business First Bancshares, Inc. compare | 7 |
| MCB Metropolitan Bank Holding Corp. compare | 6 |
| NBN Northeast Bancorp | 4 |
| MBWM Mercantile Bank Corporation compare | 4 |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover