NECB Q1 net income slips to $10M; construction commitments surge 37.8% YoY

NorthEast Community Bancorp, Inc./MD/

2026-Q1 EPS reported $0.74

Net income $10.0M ($0.74 diluted) vs $10.6M ($0.78) in Q1 2025, a 5.7% decline.
Net interest income $24.1M, down 0.5% YoY; net interest margin 4.99% (down 12 bps).
Asset quality pristine: no non-performing loans; allowance for credit losses at 0.25% of loans.
Construction loan commitments up 37.8% YoY; unfunded commitments total $819M.
Third stock buyback repurchased 196,438 shares for $4.5M through March 31, 2026.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NorthEast Community Bancorp, Inc./MD/ reported the three months ended March 31, 2026 results: net income $10.0 million, EPS $0.76 per basic share and $0.74 per diluted share.

Period: the three months ended March 31, 2026
Net income: $10.0 million
EPS: $0.76 per basic share and $0.74 per diluted share
Result: reported results

Exact text from the filing

NorthEast Community Bancorp, Inc. (Nasdaq: NECB) (the “Company”), the parent holding company of NorthEast Community Bank (the “Bank”), reported net income of $10.0 million, or $0.76 per basic share and $0.74 per diluted share, for the three months ended March 31, 2026

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Source: SEC EDGAR

accession 0001104659-26-053107

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