---
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"
generated_at: "2026-06-03T06:42:03.122057+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# NorthEast Community Bancorp Q1 net income $11.4M, EPS $0.86; net interest income up 9.4% to $25.0M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-052963
- JSON: https://secwatch.observer/filing/0001104659-24-052963.json
- Plain text: https://secwatch.observer/filing/0001104659-24-052963.txt

## Key facts
- Earnings Releases
  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.
  - Period: the three months ended March 31, 2024
  - Net income: $11.4 million
  - EPS: $0.86 per diluted share
  - 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 $11.4 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_url: https://www.sec.gov/Archives/edgar/data/1847398/000110465924052963/0001104659-24-052963-index.htm

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