Highest-materiality recent filing
NECB Q2 net income falls to $9.8M ($0.72 diluted) from $11.2M; NIM down 21 bps
Net income $9.8M vs $11.2M YoY; diluted EPS $0.72 vs $0.82.
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.
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.
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.
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).
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%.
NECB Q4 net income $12.1M ($0.82/share), FY $46.3M ($3.32); net interest income up 52%
Net income Q4 $12.1M vs $8.3M YoY; full year $46.3M vs $24.8M; EPS $0.82 and $3.32 respectively.
NECB reports Q3 net income $11.8M ($0.80/sh), up 57% YoY; nine-month net income $34.2M up 106%
Q3 net income $11.8M ($0.80/sh), up 57% YoY; nine-month net income $34.2M ($2.42), up 106% YoY.
Q2 net income doubles to $11.1M, EPS $0.75; net interest margin expands to 6.60%
Q2 net income $11.1M vs $5.4M YoY (+106%); H1 net income $22.3M, up 147%.
New program authorizes repurchase of up to 1,509,218 shares, or 10% of issued and outstanding common stock.
NECB reports Q1 net income $11.2M ($0.77 EPS), up 208% YoY from $3.6M ($0.23)
Net income $11.2M ($0.77 per share) for Q1 2023 vs $3.6M ($0.23) in Q1 2022, a 208.5% increase.
NECB Q4 net income doubles to $8.3M; EPS $0.54; net interest margin 6.64%
Q4 2022 net income $8.3M ($0.54/diluted share) vs $4.2M ($0.27) in Q4 2021; FY net income $24.8M ($1.58 diluted) vs $11.9M ($0.75).
Net income Q3 2022 $7.5M ($0.49 basic/diluted), up 933% from $730K ($0.05) in Q3 2021.
NECB reports Q2 net income $5.4M ($0.35 EPS) up 46% YoY; authorizes repurchase of 10% of shares
Q2 net income $5.4M ($0.35 EPS) vs $3.7M ($0.23 EPS) YoY; H1 net income $9.0M ($0.58 EPS) vs $7.0M ($0.43 EPS).
NECB Q4 net income up 19.8% to $4.2M; full-year impacted by $3.6M write-off
Q4 net income $4.2M ($0.27/diluted) vs $3.5M ($0.22) YoY, up 19.8% driven by higher net interest income.
NECB Q3 net income drops to $730K from $3.1M; $3.6M loan charge-off drives provision
Q3 2021 EPS $0.05 vs $0.26 YoY; nine-month EPS $0.48 vs $0.74.
Northeast Community Bancorp writes off $3.5M non-performing loan; Q3 net income ~$730k
Write-off of $3.5M non-residential real estate loan secured by Greenwich, CT property.
NECB Q2 net income $3.7M ($0.31/sh) vs $2.5M ($0.21) YoY; NIM expands
Net income $3.7M ($0.31 per share) in Q2 2021 vs $2.5M ($0.21) in Q2 2020; six-month net income $7.0M ($0.58/sh).
Northeast Community Bancorp declares $0.06 quarterly cash dividend; first since stock conversion
$0.06 per share quarterly dividend, payable August 16, 2021, to holders of record August 2, 2021.
NorthEast Community Bancorp completes second-step conversion, raises $97.8M
Sold 9,784,077 shares at $10.00/share for gross proceeds of $97.8 million.
Subscription offering sold 9,784,077 shares at $10.00 per share; ESOP to buy 782,726 shares.
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.
On June 23, 2022, the Board of Directors of NorthEast Community Bancorp, Inc. (the “Company”) appointed Linda M. Swan as a director of the Company, effective immediately.
Max materiality 0.80 · Median 0.65 · Most common event earnings