---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-084669"
form_type: "8-K"
ticker: "NECB"
cik: "0001847398"
company_name: "NorthEast Community Bancorp, Inc./MD/"
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-13T00:54:39.032984+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Q2 net income doubles to $11.1M, EPS $0.75; net interest margin expands to 6.60%

## Summary
- Q2 net income $11.1M vs $5.4M YoY (+106%); H1 net income $22.3M, up 147%.
- Net interest income Q2 $24.0M (+77% YoY); net interest margin 6.60% vs 4.58% a year ago.
- Loans net $1.4B, up 14.5% from Dec 2022; driven by $448M in originations, mostly construction.
- Non-performing assets rose to $5.8M from $1.5M due to two construction loans totaling $4.4M.
- Stock repurchases: first program completed (1.64M shares, $23M); second program underway, 55K shares repurchased.

## SEC filing metadata
- accession: 0001104659-23-084669
- form_type: 8-K
- ticker: NECB
- cik: 0001847398
- company_name: NorthEast Community Bancorp, Inc./MD/
- filed_at: 2023-07-27T23:59:59+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/1847398/000110465923084669/0001104659-23-084669-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1847398/000110465923084669/tm2322195d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-084669
- JSON: https://secwatch.observer/filing/0001104659-23-084669.json
- Plain text: https://secwatch.observer/filing/0001104659-23-084669.txt

## Key facts
- Earnings Releases
  NorthEast Community Bancorp, Inc./MD/ reported the six months ended June 30, 2023 results: net income $22.3 million, EPS $1.56 per basic and diluted common share.
  - Period: the six months ended June 30, 2023
  - Net income: $22.3 million
  - EPS: $1.56 per basic and diluted common share
  - Result: reported results
  source text: reported net income of $11.1 million and $22.3 million, or $0.75 and $1.56 per basic and diluted common share, for the three months and six months ended June 30, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1847398/000110465923084669/0001104659-23-084669-index.htm
- Earnings Releases
  NorthEast Community Bancorp, Inc./MD/ reported the three months ended June 30, 2023 results: net income $11.1 million, EPS $0.75 per basic and diluted common share.
  - Period: the three months ended June 30, 2023
  - Net income: $11.1 million
  - EPS: $0.75 per basic and diluted common share
  - Result: reported results
  source text: reported net income of $11.1 million and $22.3 million, or $0.75 and $1.56 per basic and diluted common share, for the three months and six months ended June 30, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1847398/000110465923084669/0001104659-23-084669-index.htm

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