8-K
filed February 5, 2024, 6:59 PM ET
ticker NECB
CIK 0001847398
earnings
confidence high
sentiment positive
materiality 0.80
NECB Q4 net income $12.1M ($0.82/share), FY $46.3M ($3.32); net interest income up 52%
NorthEast Community Bancorp, Inc./MD/
2023-FY EPS reported
$3.32
- Net income Q4 $12.1M vs $8.3M YoY; full year $46.3M vs $24.8M; EPS $0.82 and $3.32 respectively.
- Net interest income increased 20.3% in Q4 and 52.2% for the year; net interest margin 6.06% Q4, 6.41% full year.
- Total assets grew 23.8% to $1.8B; net loans up 30.5% to $1.6B; deposits up 24.8% to $1.4B.
- Non-performing assets $5.8M (0.33% of assets) vs $1.5M (0.10%) at Dec 2022.
- Stock repurchases of $28.7M and dividends of $3.3M in 2023; allowance for credit losses $5.1M.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.98
NorthEast Community Bancorp, Inc./MD/ reported FY 2023 results: net income $46.3 million, EPS $3.32 per basic and diluted common share.
- Period
- FY 2023
- Net income
- $46.3 million
- EPS
- $3.32 per basic and diluted common share
- Result
- reported results
Exact text from the filing
reported net income of $12.1 million and $46.3 million, or $0.82 and $3.32 per basic and diluted common share, for the fourth quarter and for the year ended December 31, 2023, respectively
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.98
NorthEast Community Bancorp, Inc./MD/ reported Q4 2023 results: net income $12.1 million, EPS $0.82 per basic and diluted common share.
- Period
- Q4 2023
- Net income
- $12.1 million
- EPS
- $0.82 per basic and diluted common share
- Result
- reported results
Exact text from the filing
reported net income of $12.1 million and $46.3 million, or $0.82 and $3.32 per basic and diluted common share, for the fourth quarter and for the year ended December 31, 2023, respectively
View on SEC.gov
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