---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-112976"
form_type: "8-K"
ticker: "NECB"
cik: "0001847398"
company_name: "NorthEast Community Bancorp, Inc./MD/"
filed_at: "2022-10-31T23:59:59+00:00"
generated_at: "2026-06-22T21:54:41.728142+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# NorthEast Community Bancorp Q3 net income $7.5M ($0.49/share), up 933% YoY; net interest margin expands to 5.88%

## Summary
- Net income Q3 2022 $7.5M ($0.49 basic/diluted), up 933% from $730K ($0.05) in Q3 2021.
- Net interest income $17.5M (+60% YoY); net interest margin 5.88% vs 4.26% a year ago.
- No loan loss provision in Q3; loan portfolio $1.1B with no non-accrual loans at Sept 30, 2022.
- Non-interest income $309K (down $223K) due to unrealized loss on equity securities; non-interest expense up 14.1% to $7.8M.
- Deposits grew 6.5% to $987.6M; total assets $1.3B; bank remains well-capitalized with tier 1 leverage 16.91%.

## SEC filing metadata
- accession: 0001104659-22-112976
- form_type: 8-K
- ticker: NECB
- cik: 0001847398
- company_name: NorthEast Community Bancorp, Inc./MD/
- filed_at: 2022-10-31T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1847398/000110465922112976/0001104659-22-112976-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1847398/000110465922112976/tm2229222d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-112976
- JSON: https://secwatch.observer/filing/0001104659-22-112976.json
- Plain text: https://secwatch.observer/filing/0001104659-22-112976.txt

## Key facts
- Earnings Releases
  NorthEast Community Bancorp, Inc./MD/ reported the three months ended September 30, 2022 results: net income $7.5 million, EPS $0.49 per basic and diluted common share.
  - Period: the three months ended September 30, 2022
  - Net income: $7.5 million
  - EPS: $0.49 per basic and diluted common share
  - Result: reported results
  source text: reported net income of $7.5 million and $16.6 million, or $0.49 and $1.07 per basic and diluted common share, for the three months and nine months ended September 30, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1847398/000110465922112976/0001104659-22-112976-index.htm
- Earnings Releases
  NorthEast Community Bancorp, Inc./MD/ reported the nine months ended September 30, 2022 results: net income $16.6 million, EPS $1.07 per basic and diluted common share.
  - Period: the nine months ended September 30, 2022
  - Net income: $16.6 million
  - EPS: $1.07 per basic and diluted common share
  - Result: reported results
  source text: reported net income of $7.5 million and $16.6 million, or $0.49 and $1.07 per basic and diluted common share, for the three months and nine months ended September 30, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1847398/000110465922112976/0001104659-22-112976-index.htm

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