secwatch.observer — SEC 8-K summary
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Issuer:     NorthEast Community Bancorp, Inc./MD/ (NECB)
CIK:        0001847398
Form:       8-K
Filed at:   2024-10-29T23:59:59+00:00
Accession:  0001104659-24-112281
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NECB Q3 net income $12.7M ($0.95 diluted), up 7.6% YoY; ROA 2.62%
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- Net income $12.7M ($0.95 diluted EPS) vs $11.8M ($0.80) in Q3 2023; nine-month net income $36.9M ($2.78).
- Net interest income $26.3M (+4.6% YoY); net interest margin 5.68%, down 72 bps from 6.40%.
- Total assets $2.0B (+11.6% from Dec 2023); net loans $1.8B (+11.0%); deposits $1.6B (+16.3%).
- Non-performing assets 0.27% of total assets; allowance for credit losses $4.8M (0.27% of loans).
- Stock repurchases $2.5M, dividends $6.7M YTD; bank well-capitalized, Tier 1 leverage 14.76%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1847398/000110465924112281/0001104659-24-112281-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1847398/000110465924112281/tm2427012d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-112281

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer