Highest-materiality recent filing
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%.
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 0.55 · Most common event earnings