secwatch.observer — SEC 8-K summary
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Issuer:     ECB Bancorp, Inc. /MD/ (ECBK)
CIK:        0001914605
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0000950170-23-035127
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ECB Bancorp Q2 net income $1.43M ($0.17/sh); loan growth 12.5%
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- Net income of $1.43M, EPS $0.17, up 2.1% YoY; 6-month net income $2.3M down 16.3%.
- Net interest income before provision was $6.4M (+19.3% YoY); provision for credit losses was $0 vs $754K.
- Total assets $1.2B (+12.5% YTD); net loan growth $111M (12.5%); deposits $787M (+9.6%).
- Noninterest expense $4.7M (+31.6%) on higher salaries, deposit insurance; noninterest income fell on life insurance gain in prior year.
- Allowance for credit losses $8.5M (0.84% of loans); no net charge-offs; NPLs $923K (0.08% of assets).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1914605/000095017023035127/0000950170-23-035127-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1914605/000095017023035127/ecbk-20230727.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-035127

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