---
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"
generated_at: "2026-06-03T08:18:16.019205+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# ECB Bancorp Q1 net income falls 31% to $621k; NIM compresses to 1.84%

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-047949
- JSON: https://secwatch.observer/filing/0000950170-24-047949.json
- Plain text: https://secwatch.observer/filing/0000950170-24-047949.txt

## Key facts
- Earnings Releases
  ECB Bancorp, Inc. /MD/ reported the quarter ended March 31, 2024 results: net income $621,000, EPS $0.07 per diluted share.
  - Period: the quarter ended March 31, 2024
  - Net income: $621,000
  - EPS: $0.07 per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1914605/000095017024047949/0000950170-24-047949-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.