---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-010498"
form_type: "8-K"
ticker: "NECB"
cik: "0001847398"
company_name: "NorthEast Community Bancorp, Inc./MD/"
filed_at: "2024-02-05T23:59:59+00:00"
generated_at: "2026-06-06T09:20:50.226546+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# NECB Q4 net income $12.1M ($0.82/share), FY $46.3M ($3.32); net interest income up 52%

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-010498
- form_type: 8-K
- ticker: NECB
- cik: 0001847398
- company_name: NorthEast Community Bancorp, Inc./MD/
- filed_at: 2024-02-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1847398/000110465924010498/0001104659-24-010498-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1847398/000110465924010498/tm245160d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-010498
- JSON: https://secwatch.observer/filing/0001104659-24-010498.json
- Plain text: https://secwatch.observer/filing/0001104659-24-010498.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1847398/000110465924010498/0001104659-24-010498-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1847398/000110465924010498/0001104659-24-010498-index.htm

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