---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-009205"
form_type: "8-K"
ticker: "NECB"
cik: "0001847398"
company_name: "NorthEast Community Bancorp, Inc./MD/"
filed_at: "2023-02-01T23:59:59+00:00"
generated_at: "2026-06-20T04:09:15.740717+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NECB Q4 net income doubles to $8.3M; EPS $0.54; net interest margin 6.64%

## Summary
- Q4 2022 net income $8.3M ($0.54/diluted share) vs $4.2M ($0.27) in Q4 2021; FY net income $24.8M ($1.58 diluted) vs $11.9M ($0.75).
- Net interest income rose 79.6% to $20.9M for Q4; net interest margin expanded 232 bps to 6.64%.
- Total assets grew 16.3% to $1.4B; net loans increased 25.2% to $1.2B; deposits rose 21.0% to $1.1B.
- No non-accrual loans at Dec 31, 2022; non-performing assets ratio 0.10%.
- Loan loss provision of $439K in Q4 (none in prior year) due to $426K charge-off; equity securities unrealized loss $267K.

## SEC filing metadata
- accession: 0001104659-23-009205
- form_type: 8-K
- ticker: NECB
- cik: 0001847398
- company_name: NorthEast Community Bancorp, Inc./MD/
- filed_at: 2023-02-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1847398/000110465923009205/0001104659-23-009205-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1847398/000110465923009205/tm235039d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-009205
- JSON: https://secwatch.observer/filing/0001104659-23-009205.json
- Plain text: https://secwatch.observer/filing/0001104659-23-009205.txt

## Key facts
- Earnings Releases
  NorthEast Community Bancorp, Inc./MD/ reported the three months ended December 31, 2022 results: net income $8.3 million, EPS $0.54 per basic and diluted common share.
  - Period: the three months ended December 31, 2022
  - Net income: $8.3 million
  - EPS: $0.54 per basic and diluted common share
  - Result: reported results
  source text: reported net income of $8.3 million, or $0.54 per basic and diluted common share, for the three months ended December 31, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1847398/000110465923009205/0001104659-23-009205-index.htm
- Earnings Releases
  NorthEast Community Bancorp, Inc./MD/ reported the year ended December 31, 2022 results: net income $24.8 million, EPS $1.61 and $1.58 per basic and diluted common share.
  - Period: the year ended December 31, 2022
  - Net income: $24.8 million
  - EPS: $1.61 and $1.58 per basic and diluted common share
  - Result: reported results
  source text: For the year ended December 31, 2022, the Company reported net income of $24.8 million, or $1.61 and $1.58 per basic and diluted common share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1847398/000110465923009205/0001104659-23-009205-index.htm

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