---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-082131"
form_type: "8-K"
ticker: "NECB"
cik: "0001847398"
company_name: "NorthEast Community Bancorp, Inc./MD/"
filed_at: "2024-07-24T23:59:59+00:00"
generated_at: "2026-05-31T17:07:16.708122+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Northeast Community Bancorp Q2 net income $12.8M, EPS $0.97; net interest income +9.2%

## Summary
- Q2 net income $12.8M ($0.97 diluted EPS) vs $11.1M ($0.75) in Q2 2023; H1 net income $24.2M ($1.83 diluted) vs $22.3M ($1.56).
- Net interest income $26.2M, up 9.2%; net interest margin 5.79%, down 81 bps YoY due to rising deposit costs.
- Loans net of allowance grew $121.5M to $1.7B; deposits increased $163.8M to $1.6B; total assets $1.9B, up 9.4%.
- ROAA 2.70%, ROAE 17.28%, efficiency ratio 35.24% for Q2; non-performing assets low at 0.30% of total assets.
- Bank well-capitalized: tier 1 leverage 14.37%, total risk-based capital 13.66%; second stock repurchase program ongoing.

## SEC filing metadata
- accession: 0001104659-24-082131
- form_type: 8-K
- ticker: NECB
- cik: 0001847398
- company_name: NorthEast Community Bancorp, Inc./MD/
- filed_at: 2024-07-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1847398/000110465924082131/0001104659-24-082131-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1847398/000110465924082131/tm2420021d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-082131
- JSON: https://secwatch.observer/filing/0001104659-24-082131.json
- Plain text: https://secwatch.observer/filing/0001104659-24-082131.txt

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