secwatch.observer — SEC 8-K summary
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Issuer:     NorthEast Community Bancorp, Inc./MD/ (NECB)
CIK:        0001847398
Form:       8-K
Filed at:   2025-04-22T23:59:59+00:00
Accession:  0001104659-25-037348
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1847398/000110465925037348/0001104659-25-037348-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1847398/000110465925037348/tm2512806d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-037348

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