ECB Bancorp reports Q4 2024 net income of $1.4 million; annual net income $4.0 million

ECB Bancorp, Inc. /MD/

2024-FY EPS reported $0.48 revenue$577,000

Net income for Q4 2024 was $1.4 million ($0.17 per share), up from $789,000 ($0.09 per share) in Q4 2023.
Full year 2024 net income was $4.0 million ($0.48 per share), down from $4.5 million ($0.52 per share) in 2023.
Deposits grew 15.0% to $998.5 million, outpacing loan growth of 9.3% to $1.15 billion as of Dec 31, 2024.
Tangible book value per share increased to $18.50 from $17.75; stock repurchase program executed during 2024.
Annual meeting of stockholders announced for May 21, 2025.

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