secwatch.observer — SEC 8-K summary
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Issuer:     NorthEast Community Bancorp, Inc./MD/ (NECB)
CIK:        0001847398
Form:       8-K
Filed at:   2025-01-31T23:59:59+00:00
Accession:  0001104659-25-007935
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NECB Q4 net income $10.9M ($0.80 diluted); full year EPS $3.58
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- Q4 net income $10.9M ($0.80 diluted) vs $12.1M ($0.82 diluted) in Q4 2023.
- Full year net income $47.8M ($3.58 diluted) vs $46.3M ($3.32 diluted) in 2023.
- Net loans grew 14.3% to $1.8B; deposits up 19.3% to $1.7B.
- Net interest margin declined to 5.29% (Q4) and 5.62% (FY) from 6.06% and 6.41% a year ago.
- Non-performing assets low at 0.25% of total assets; credit loss expense reduction $260K for year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1847398/000110465925007935/0001104659-25-007935-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1847398/000110465925007935/tm254961d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-007935

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