---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-112542"
form_type: "8-K"
ticker: "NECB"
cik: "0001847398"
company_name: "NorthEast Community Bancorp, Inc./MD/"
filed_at: "2023-10-30T23:59:59+00:00"
generated_at: "2026-06-09T06:14:10.741554+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NECB reports Q3 net income $11.8M ($0.80/sh), up 57% YoY; nine-month net income $34.2M up 106%

## Summary
- Q3 net income $11.8M ($0.80/sh), up 57% YoY; nine-month net income $34.2M ($2.42), up 106% YoY.
- Net interest income up 43.9% to $25.1M (Q3) and 67.7% to $72.0M (nine months); net interest margin 6.40% and 6.54%.
- Non-performing assets $5.8M (0.34% of assets) vs $1.5M at Dec 31, 2022, driven by $4.4M in two non-performing construction loans.
- Bank well-capitalized (tier 1 leverage 14.70%, total risk-based 13.50%); stock buybacks: first program completed, second bought 610,565 shares for $9.7M.

## SEC filing metadata
- accession: 0001104659-23-112542
- form_type: 8-K
- ticker: NECB
- cik: 0001847398
- company_name: NorthEast Community Bancorp, Inc./MD/
- filed_at: 2023-10-30T23:59:59+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/1847398/000110465923112542/0001104659-23-112542-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1847398/000110465923112542/tm2329351d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-112542
- JSON: https://secwatch.observer/filing/0001104659-23-112542.json
- Plain text: https://secwatch.observer/filing/0001104659-23-112542.txt

## Key facts
- Earnings Releases
  NorthEast Community Bancorp, Inc./MD/ reported three and nine months ended September 30, 2023 results: net income net income of $11.8 million and $34.2 million, or $0.80 and $2.42 per basic and $0.80 and $2.41 per diluted common share, EPS $0.80 and $2.42 per basic and $0.80 and $2.41 per diluted common share, for the three months and nine months ended Septe.
  - Period: three and nine months ended September 30, 2023
  - Net income: net income of $11.8 million and $34.2 million, or $0.80 and $2.42 per basic and $0.80 and $2.41 per diluted common share
  - EPS: $0.80 and $2.42 per basic and $0.80 and $2.41 per diluted common share, for the three months and nine months ended Septe
  - Result: reported results
  source text: NorthEast Community Bancorp, Inc. (Nasdaq: NECB) (the “Company”), the parent holding company of NorthEast Community Bank (the “Bank”), reported net income of $11.8 million and $34.2 million, or $0.80 and $2.42 per basic and $0.80 and $2.41 per diluted common share, for the three months and nine months ended September 30, 2023, respectively, compared to 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, respectively.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1847398/000110465923112542/0001104659-23-112542-index.htm

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