NECB Q1 net income $10.6M, EPS $0.78 vs $0.86 YoY; NIM slips to 5.11%

NorthEast Community Bancorp, Inc./MD/

2025-Q1 EPS reported $0.78

Net income $10.6M ($0.78 diluted) vs $11.4M ($0.86) in Q1'24; ROAA 2.12%.
Net interest margin fell 64bps to 5.11%; net interest income $24.3M (-2.9% YoY).
Total loans down 4.8% to $1.7B; construction paydowns offset by $170.1M in new originations.
No non-performing loans (0 NPLs); NPAs $5.1M (0.26% of assets) from two foreclosed properties.
Second buyback program repurchased 1.09M shares at $17.2M; equity up 2.8% to $327.2M.

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