---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-083597"
form_type: "8-K"
ticker: "NECB"
cik: "0001847398"
company_name: "NorthEast Community Bancorp, Inc./MD/"
filed_at: "2022-07-28T23:59:59+00:00"
generated_at: "2026-06-24T07:42:14.253680+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# NECB reports Q2 net income $5.4M ($0.35 EPS) up 46% YoY; authorizes repurchase of 10% of shares

## Summary
- Q2 net income $5.4M ($0.35 EPS) vs $3.7M ($0.23 EPS) YoY; H1 net income $9.0M ($0.58 EPS) vs $7.0M ($0.43 EPS).
- Net interest income Q2 $13.5M (+30.5% YoY); net interest margin 4.58%.
- Loans net of allowance increased 5.2% to $1.0B; loan commitments, LIP, and standby LOCs totaled $879M.
- Board authorized repurchase of up to 1,637,794 shares (10% outstanding) starting Aug 1, 2022; first such program since July 2021 conversion.
- Non-performing assets rose to $2.8M (0.23% of assets) from $2.0M (0.16%) year-end; no COVID deferrals remaining.

## SEC filing metadata
- accession: 0001104659-22-083597
- form_type: 8-K
- ticker: NECB
- cik: 0001847398
- company_name: NorthEast Community Bancorp, Inc./MD/
- filed_at: 2022-07-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1847398/000110465922083597/0001104659-22-083597-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1847398/000110465922083597/tm2222063d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-083597
- JSON: https://secwatch.observer/filing/0001104659-22-083597.json
- Plain text: https://secwatch.observer/filing/0001104659-22-083597.txt

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