Highest-materiality recent filing
NECB stockholders approve 2026 Equity Incentive Plan and elect four directors
2026 Equity Incentive Plan approved with 8,177,774 FOR, 553,081 AGAINST, 139,307 ABSTAIN, plus 2,328,210 broker non-votes.
NECB Q1 net income slips to $10M; construction commitments surge 37.8% YoY
Net income $10.0M ($0.74 diluted) vs $10.6M ($0.78) in Q1 2025, a 5.7% decline.
NECB Q4 net income rises to $10.8M; full year net income down; board change
Q4 2025 net income $10.8M ($0.81 basic, $0.79 diluted) vs $10.2M ($0.78/$0.75) YoY.
NorthEast Community Bancorp director Linda Swan retires; Lynette Bennett appointed to fill vacancy.
Director Linda M. Swan retired from the Company and Bank boards effective Jan 20, 2026, with no disagreement.
Board authorized repurchase of up to 1,400,435 shares, representing 10% of issued and outstanding common stock.
NECB Q3 net income $11.9M ($0.87 diluted), down from $12.7M; strong asset quality
Net income Q3 2025: $11.9M ($0.87 diluted) vs $12.7M ($0.95) YoY; 9M 2025: $33.6M ($2.47) vs $36.9M ($2.78).
NorthEast Community Bancorp declares special cash dividend of $0.20/share
Board declares special cash dividend of $0.20 per share on common stock.
NorthEast Community Bancorp Q2 net income $11.2M, down 12% YoY; NIM compresses 44 bps
Net income of $11.2M ($0.82 diluted) vs $12.8M ($0.97) in Q2 2024; H1 income $21.7M vs $24.2M.
Annual Meeting elects directors and ratifies auditor
Elected Cirillo (6,550,609 for / 995,983 withheld), Magier (5,732,855 / 1,813,737), Martinek (7,009,242 / 537,350) to three-year terms.
NECB Q1 net income $10.6M, EPS $0.78 vs $0.86 YoY; NIM slips to 5.11%
Net income $10.6M ($0.78 diluted) vs $11.4M ($0.86) in Q1'24; ROAA 2.12%.
NECB charges off $1.0M loan after borrower fraud; reduces Q4 net income by $717K
Borrower pleaded guilty to federal loan fraud; bail revoked on additional charges, now incarcerated.
NECB Q4 net income $10.9M ($0.80 diluted); full year EPS $3.58
Q4 net income $10.9M ($0.80 diluted) vs $12.1M ($0.82 diluted) in Q4 2023.
Appoints Joel L. Morgenthau to board after Kevin P. O'Malley's death
Morgenthau appointed director of Northeast Community Bancorp and its bank subsidiary.
NECB Q3 net income $12.7M ($0.95 diluted), up 7.6% YoY; ROA 2.62%
Net income $12.7M ($0.95 diluted EPS) vs $11.8M ($0.80) in Q3 2023; nine-month net income $36.9M ($2.78).
Quarterly cash dividend increased from $0.10 to $0.15 per share, a 50% hike.
Northeast Community Bancorp Q2 net income $12.8M, EPS $0.97; net interest income +9.2%
Q2 net income $12.8M ($0.97 diluted EPS) vs $11.1M ($0.75) in Q2 2023; H1 net income $24.2M ($1.83 diluted) vs $22.3M ($1.56).
Annual meeting results: directors elected, auditor ratified
Diane B. Cavanaugh, Charles A. Martinek, Kenneth H. Thomas elected as directors for three-year terms.
Kenneth A. Martinek delivered a slide presentation at the 2024 annual meeting on May 23, 2024.
NorthEast Community Bancorp Q1 net income $11.4M, EPS $0.86; net interest income up 9.4% to $25.0M
Net income $11.4M ($0.86 diluted EPS) vs $11.2M ($0.77) in Q1 2023; ROAA 2.50%, ROAE 15.88%.
Mr. Morgenthau was appointed to fill the vacancy on the Board of Directors of the Company and the Bank resulting from the death of Kevin P. O’Malley, who had served as a director since 2016.
On October 24, 2024, the Board of Directors of NorthEast Community Bancorp, Inc. (the “Company”) and its wholly owned subsidiary, NorthEast Community Bank (the “Bank”), appointed Joel L. Morgenthau to serve as a director of the Company and the Bank.
Max materiality 0.70 · Median 0.65 · Most common event earnings