NECB
Northeast Community Bancorp, Inc.23.71
+0.19+0.81%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
319.70MP/E (TTM)
7.39Basic EPS (TTM)
3.21Dividend Yield
0.03%Recent Filings
8-K
Director retires, successor named
NorthEast Community Bancorp's Linda M. Swan retired as director of the company and bank effective January 20, 2026, with no disagreements on operations or policies. The board swiftly appointed Lynette Bennett on January 22 to fill the vacancy. No committees or related transactions for Bennett. Smooth board refresh.
8-K
Third repurchase program authorized
NorthEast Community Bancorp authorized a third stock repurchase program on December 8, 2025, greenlighting buys of up to 1,400,435 shares—10% of its outstanding common stock—via open market, private deals, or a planned Rule 10b5-1 plan. This follows the second program's close, where it repurchased 1,091,174 shares at $15.78 average. Buys hinge on price and liquidity. Program can end anytime.
10-Q
Q3 FY2025 results
NorthEast Community Bancorp posted Q3 net income of $11.9M, down 6.5% y/y from $12.7M, with diluted EPS at $0.87 (reconciles to 13,632K shares). Net interest income dipped 1.3% y/y to $25.9M as loan yields fell amid rate cuts, yet deposit costs dropped faster, squeezing NIM to 5.38% from 5.68%. Expenses climbed 3.9% on staffing and legal fees, but no loan loss provision beat last year's $105K hit. Loans grew 3.4% YTD to $1.9B (construction 74%), offset by $155M deposit runoff; $170M FRBNY borrowings at 4.25% (due Oct-Dec 2025) and $64.3M cash bolster liquidity, with $787M total capacity. REO shrank 89% post-sale. Construction concentration looms large.
8-K
Q3 income dips; loans grow
NorthEast Community Bancorp posted Q3 net income of $11.9M, down from $12.7M last year, as net interest margin slipped to 5.38% amid rate cuts. Loans grew $61.2M to $1.9B, driven by multi-family; deposits fell $155M after calling high-rate CDs, offset by $170M borrowings. No non-performers. Unfunded commitments top $645M.
8-K
Declares $0.20 special dividend
NorthEast Community Bancorp declared a special cash dividend of $0.20 per share on August 21, 2025, payable October 6 to shareholders of record September 8. The move underscores the board's commitment to shareholder value. Special dividends reward owners. CEO Martinek highlighted ongoing efforts amid market risks like interest rates and economic shifts.
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