Highest-materiality recent filing
ECB Bancorp Q2 net income $3.3M ($0.39 EPS), up 126.5% YoY
Net income $3.26M vs $1.44M a year ago; diluted EPS $0.39 vs $0.17.
ECB Bancorp shareholders elect directors and ratify auditor at annual meeting
Joseph Sachetta elected director with 4,030,944 votes for, 1,060,589 withheld.
ECB Bancorp Q1 2026 net income $3.1M ($0.38 EPS) vs $2.6M prior quarter
Net income $3.1M, diluted EPS $0.38; prior quarter $2.6M, $0.31.
ECB Bancorp Q4 net income $2.6M ($0.31/sh) vs $1.4M; loans up 20.7% YoY
Q4 net income $2.6M ($0.31 diluted EPS) vs $1.4M ($0.17) in Q4 2024; full-year net income $7.8M ($0.94) vs $4.0M ($0.48).
ECB Bancorp plans new full-service branch in Medford, MA; opening Q3 2026
Wholly owned subsidiary Everett Co-operative Bank files application for branch at 501 High Street, Medford.
ECB Bancorp increases severance multiplier for EVP/CLO Migliozzi from 2.0x to 2.5x
Board approved amendment to Change in Control Agreement for John Migliozzi, EVP and Chief Lending Officer, on Dec 17, 2025.
ECB Bancorp Q3 net income doubles to $2.4M; EPS $0.29 vs $0.14
Net income $2.4M ($0.29 diluted EPS) vs $1.1M ($0.14) in Q3 2024, up 115.3%.
ECB Bancorp Q2 net income $1.4M ($0.17 EPS) up 82% YoY; efficiency ratio improves to 62.1%
Net income $1.4M ($0.17 diluted EPS) vs $791K ($0.09) in Q2 2024; YTD net income $2.7M, +93.8%.
ECB Bancorp stockholders elect Leonard and Sullivan as directors, ratify auditor
Dennis J. Leonard elected with 4,145,896 for, 1,152,527 withheld; Maura Sullivan elected with 5,243,870 for, 54,553 withheld.
ECB Bancorp authorizes repurchase of up to 451,092 shares (5% of outstanding)
Second buyback program since July 2022 mutual-to-stock conversion; up to 451,092 shares (5.0% of outstanding).
ECB Bancorp Q1 net income up 109% to $1.3M; EPS $0.16 vs $0.07
Net income $1.3M, diluted EPS $0.16 (Q1 2025) vs $621K, $0.07 (Q1 2024).
ECB Bancorp completes repurchase of 458,762 shares (~5%) at avg $12.92/share
Company repurchased 458,762 shares, or ~5.0% of then outstanding common stock.
ECB Bancorp adopts deferred compensation plan for CFO Brandon Lavertu
Plan provides annual contributions up to 10% of base salary and cash bonus based on prior-year performance.
ECB Bancorp reports Q4 2024 net income of $1.4 million; annual net income $4.0 million
Net income for Q4 2024 was $1.4 million ($0.17 per share), up from $789,000 ($0.09 per share) in Q4 2023.
ECB Bancorp Q3 net income down to $1.1M ($0.14 EPS) from $1.3M YoY; NIM compresses
Net income $1.1M ($0.14 diluted EPS) vs $1.3M ($0.16) in Q3 2023; nine-month net $2.5M ($0.30) vs $3.7M ($0.43).
ECB Bancorp Q2 net income falls 45% to $0.09 EPS; NIM shrinks to 1.82%
Net income of $791k ($0.09 diluted EPS) vs $1.4M ($0.17) in Q2 2023, down 45%.
ECB Bancorp appoints Brandon Lavertu as CFO effective July 17, 2024
Brandon N. Lavertu, previously SVP and CAO, promoted to CFO of ECB Bancorp and Everett Co-operative Bank.
ECB Bancorp shareholders elect three directors, ratify auditor at annual meeting
Paul A. Delory, Elizabeth P. Jones, and Richard J. O'Neil, Jr. elected as directors for three-year terms.
ECB Bancorp Q1 net income falls 31% to $621k; NIM compresses to 1.84%
Net income of $621k ($0.07 diluted EPS) vs $901k ($0.11) in Q1 2023, down 31%.
ECB Bancorp appoints Wolf & Company as new independent auditor for FY2024
Prior auditor Baker Newman & Noyes declined reappointment due to exiting banking public company audit practice.
Net income Q4 2023: $789K vs $975K Q4 2022; diluted EPS $0.09 vs $0.12.
ECB Bancorp's auditor BNN declines re-appointment for FY2024; no disagreement
BNN informed ECB on Jan 16, 2024 it will not stand for re-appointment as auditor for FY2024 due to exiting banking public company audit practice.
ECB Bancorp reports Q3 net income $1.34M vs net loss $1.03M a year ago
Diluted EPS $0.16 in Q3 2023 vs -$0.12 in Q3 2022; prior-year loss driven by $3.2M charitable contribution.
Stockholders approve 2023 Equity Incentive Plan and re-elect two directors
Joseph Sachetta and Susan Sgroi elected directors with 4,929,773 and 4,961,825 votes for, respectively.
ECB Bancorp authorizes share repurchase of up to 458,762 shares (~5% outstanding)
First buyback program since mutual-to-stock conversion and stock offering in July 2022.
ECB Bancorp Q2 net income $1.43M ($0.17/sh); loan growth 12.5%
Net income of $1.43M, EPS $0.17, up 2.1% YoY; 6-month net income $2.3M down 16.3%.
ECB Bancorp adopts deferred compensation plan for EVP and Chief Lending Officer
Plan for John Migliozzi effective July 1, 2023; annual Bank contribution intended to be 10% of salary and bonus.
ECB Bancorp sets annual meeting for September 7, 2023
Annual meeting of stockholders scheduled for Thursday, September 7, 2023.
ECB Bancorp subsidiary to open new branch in Woburn, MA in September 2023
Everett Co-operative Bank plans full-service branch at 331 Montvale Avenue, Woburn.
CEO Richard J. O'Neil, Jr. gets 3-year term, $425K base salary, $1K/mo auto allowance, plus bonus and equity eligibility.
ECB Bancorp completes IPO, raises ~$89.2M in mutual-to-stock conversion
Sold 8,915,247 shares at $10.00/share; includes 734,020 shares to ESOP.
ECB Bancorp expects conversion and IPO to close July 27; Nasdaq listing July 28 under ECBK
Conversion and stock offering expected to close July 27, 2022; shares to trade on Nasdaq July 28 under symbol ECBK.
ECB Bancorp increases purchase limits in mutual-to-stock offering to 55,000 shares per individual
Individual max increased from 35,000 to 55,000 shares ($550,000); joint from 50,000 to 70,000 shares ($700,000).
ECB Bancorp enters agency agreement with KBW for stock offering in mutual-to-stock conversion
KBW to receive $30,000 management fee and selling agent fee of 1% of shares sold in subscription and community offerings.
On July 17, 2024, the Board of Directors of ECB Bancorp, Inc. (the “Company”) and Everett Co-operative Bank (the “Bank”) appointed Brandon N. Lavertu, Senior Vice President and Chief Accounting Officer of the Company and the Bank, as the Chief Financial Officer of the Company and the Bank effective as of July 17, 2024.
Max materiality 0.75 · Median 0.53 · Most common event other_material