secwatch.observer — SEC 8-K summary
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Issuer:     ECB Bancorp, Inc. /MD/ (ECBK)
CIK:        0001914605
Form:       8-K
Filed at:   2024-02-15T23:59:59+00:00
Accession:  0000950170-24-015840
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ECB Bancorp Q4 net income falls to $789K ($0.09 EPS); full year net income rises to $4.5M ($0.52 EPS)
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- Net income Q4 2023: $789K vs $975K Q4 2022; diluted EPS $0.09 vs $0.12.
- Full year 2023 net income: $4.5M vs $2.7M in 2022; diluted EPS $0.52 vs $0.32.
- Net interest income before provision fell 12.8% to $5.9M in Q4 due to higher cost of funds and inverted yield curve.
- Total loans grew 17.4% to $1.05B; deposits up 20.9% to $868.2M, driven by certificates of deposit (+55.9%).
- Asset quality solid: full-year net charge-offs $1K, non-performing assets 0.09% of assets; annual meeting set for June 5, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1914605/000095017024015840/0000950170-24-015840-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1914605/000095017024015840/ecbk-20240215.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-015840

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