{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-047949","form_type":"8-K","ticker":"ECBK","cik":"0001914605","company_name":"ECB Bancorp, Inc. /MD/","filed_at":"2024-04-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.197822+00:00","generated_at":"2026-06-03T08:18:16.019205+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"ECB Bancorp Q1 net income falls 31% to $621k; NIM compresses to 1.84%","bullets":["Net income of $621k ($0.07 diluted EPS) vs $901k ($0.11) in Q1 2023, down 31%.","Net interest margin fell to 1.84% from 2.38% due to higher funding costs and inverted yield curve.","Total loans grew 3.0% to $1.07B; deposits increased 3.9% to $901.6M.","Book value per share rose to $17.94; share buyback continued with $629k in repurchases.","Asset quality remains strong: no net charge-offs; NPLs at 0.09% of assets."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-047949","json":"https://secwatch.observer/filing/0000950170-24-047949.json","markdown":"https://secwatch.observer/filing/0000950170-24-047949.md","text":"https://secwatch.observer/filing/0000950170-24-047949.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1914605/000095017024047949/0000950170-24-047949-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1914605/000095017024047949/ecbk-20240425.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T08:18:16.019205+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"703cbbc2a081cab07ac346e0ce1385e713f2f342","claim":"ECB Bancorp, Inc. /MD/ reported the quarter ended March 31, 2024 results: net income $621,000, EPS $0.07 per diluted share.","evidence_excerpt":"ECB Bancorp, Inc. Reports First Quarter Results EVERETT, MA, April 25, 2024 - ECB Bancorp, Inc. (NASDAQ-ECBK) (the “Company”), the holding company for Everett Co-operative Bank (the “Bank”), a state-chartered co-operative bank headquartered in Everett, Massachusetts, today reported net income of $621,000 or $0.07 per diluted share for the quarter ended March 31, 2024 compared to $901,000 or $0.11 per diluted share for the quarter ended March 31, 2023, a decrease of $280,000 in net income.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1914605/000095017024047949/0000950170-24-047949-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2024"},{"label":"Net income","value":"$621,000"},{"label":"EPS","value":"$0.07 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}