NorthEast Community Bancorp Q2 net income $11.2M, down 12% YoY; NIM compresses 44 bps

NorthEast Community Bancorp, Inc./MD/

2025-Q2 EPS reported $1.60

Net income of $11.2M ($0.82 diluted) vs $12.8M ($0.97) in Q2 2024; H1 income $21.7M vs $24.2M.
Net interest margin fell to 5.35% from 5.79% due to 100 bps of Fed rate cuts; yield on earning assets down 78 bps.
Deposits decreased $191.2M (11.5%) to $1.5B; borrowings added $135.0M to diversify funding.
Non-performing assets improved to $767k from $5.1M; no non-performing loans and NPA/assets ratio 0.04%.
Unfunded loan commitments exceeded $636M; strong demand in construction and cooperative building loans.

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