{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-052963","form_type":"8-K","ticker":"NECB","cik":"0001847398","company_name":"NorthEast Community Bancorp, Inc./MD/","filed_at":"2024-04-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.764235+00:00","generated_at":"2026-06-03T06:42:03.122057+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"NorthEast Community Bancorp Q1 net income $11.4M, EPS $0.86; net interest income up 9.4% to $25.0M","bullets":["Net income $11.4M ($0.86 diluted EPS) vs $11.2M ($0.77) in Q1 2023; ROAA 2.50%, ROAE 15.88%.","Net interest income rose 9.4% to $25.0M; net interest margin narrowed 88bps to 5.75% due to higher funding costs.","Total loans grew $67.8M to $1.6B, led by $180.5M in originations (94.7% construction); deposits up $112.0M (8.0%) to $1.5B.","Non-interest income fell 50.3% to $554k, driven by sale of wealth management unit and $82k unrealized loss on equity securities.","Credit loss expense reduced by $165k; non-performing assets stable at $5.8M (0.31% of assets); bank remains well-capitalized."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-052963","json":"https://secwatch.observer/filing/0001104659-24-052963.json","markdown":"https://secwatch.observer/filing/0001104659-24-052963.md","text":"https://secwatch.observer/filing/0001104659-24-052963.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1847398/000110465924052963/0001104659-24-052963-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1847398/000110465924052963/tm2412744d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T06:42:03.122057+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2c3f4370de7476db5d529d506f6f377fd04a986a","claim":"NorthEast Community Bancorp, Inc./MD/ reported the three months ended March 31, 2024 results: net income $11.4 million, EPS $0.86 per diluted share.","evidence_excerpt":"NorthEast Community Bancorp, Inc. (Nasdaq: NECB) (the “Company”), the parent holding company of NorthEast Community Bank (the “Bank”), reported net income of $11.4 million, or $0.87 per basic share and $0.86 per diluted share, for the three months ended March 31, 2024 compared to net income of $11.2 million, or $0.77 per basic and diluted share, for the three months ended March 31, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1847398/000110465924052963/0001104659-24-052963-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended March 31, 2024"},{"label":"Net income","value":"$11.4 million"},{"label":"EPS","value":"$0.86 per diluted share"},{"label":"Result","value":"reported results"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}