Northeast Community Bancorp GAAP EPS of $0.80 misses by $0.02, revenue of $25.45M misses by $1M
Earnings Report: Northeast Community Bancorp reported a Q4 GAAP EPS of $0.80, missing expectations by $0.02, with revenue at $25.45 million, down 31.5% year-over-year and missing by $1 million.
Risk Consideration: There is a caution regarding the construction loan risk associated with Northeast Community Bancorp, as highlighted in Seeking Alpha’s Quant Rating.
Trade with 70% Backtested Accuracy
Analyst Views on NECB
No data
About NECB
About the author
NorthEast Community Bancorp Declares $0.20 Quarterly Cash Dividend per Share
- Quarterly Dividend Announcement: NorthEast Community Bancorp has declared a quarterly cash dividend of $0.20 per share, expected to be paid on February 6, 2026, demonstrating the company's ongoing commitment to stable cash flow and shareholder returns.
- Shareholder Record Date: The dividend will be paid to shareholders of record as of January 5, 2026, emphasizing the company's focus on shareholder interests and enhancing investor confidence.
- Business Background: As the holding company for NorthEast Community Bank, which operates 11 branches and 3 loan production offices in New York and Massachusetts, NorthEast Community Bancorp showcases its solid position in the regional financial services market.
- Future Outlook: Despite facing changes in market interest rates and economic conditions, the company maintains its dividend policy, reflecting confidence in future profitability and a strong sense of responsibility towards its shareholders.
NorthEast Community Bancorp Inc. Announces Decrease in Q3 Earnings
Earnings Decline: NorthEast Community Bancorp Inc. reported a decrease in earnings for the third quarter, with profits falling to $11.86 million, or $0.87 per share, compared to $12.68 million, or $0.95 per share, from the previous year.
Revenue Decrease: The company's revenue also saw a decline of 1.3%, dropping to $25.93 million from $26.28 million in the same quarter last year.
NorthEast Community Bancorp, Inc. Announces Financial Results for the Three and Nine Months Ending September 30, 2025
Financial Performance: NorthEast Community Bancorp reported a net income of $11.9 million for Q3 2025, a decrease from $12.7 million in Q3 2024, with year-to-date net income of $33.6 million compared to $36.9 million in the previous year.
Loan Portfolio and Asset Quality: The company experienced strong loan demand, particularly in construction and multi-family lending, with no non-performing loans reported as of September 30, 2025, and a low non-performing assets ratio of 0.03%.
Capital and Equity Growth: Total stockholders' equity increased by 8.1% to $344 million, with a strong capital position reflected in a 16.73% equity-to-assets ratio, maintaining well-capitalized status under regulatory requirements.
Interest Income Trends: Net interest income decreased slightly to $25.9 million in Q3 2025, attributed to lower interest income despite a rise in average interest-earning assets, while the net interest margin also declined to 5.38%.
NorthEast Community Bancorp, Inc. Declares Special Cash Dividend
Special Dividend Announcement: NorthEast Community Bancorp, Inc. declared a special cash dividend of $0.20 per share on its common stock, to be paid on or about October 6, 2025.
Record Date for Shareholders: The dividend will be distributed to shareholders who are on record as of the close of business on September 8, 2025.
Commitment to Shareholder Value: Kenneth A. Martinek, the Chairman and CEO, emphasized that paying dividends reflects the company's long-term commitment to enhancing shareholder value.
Cautionary Note on Forward-Looking Statements: The press release includes forward-looking statements that may differ from actual results due to various risks and uncertainties affecting the company’s performance.
Northeast Community Bancorp (NECB) Q2 Earnings Top Estimates
Earnings Performance: Northeast Community Bancorp (NECB) reported quarterly earnings of $0.82 per share, exceeding expectations but down from $0.97 a year ago; revenues of $25.93 million fell short of estimates, marking a mixed performance over the last four quarters.
Market Outlook: Despite underperforming the market with a 6% decline this year, NECB holds a Zacks Rank #3 (Hold), indicating expected performance in line with the market; future stock movements will depend on earnings estimate revisions and industry outlook.
NorthEast Community Bancorp, Inc. Reports Results for the Three and Six Months Ended June 30, 2025
Financial Performance Overview: NorthEast Community Bancorp, Inc. reported a decline in net income for Q2 2025 to $11.2 million from $12.8 million in Q2 2024, with total assets decreasing to approximately $1.97 billion and net loans slightly down to $1.79 billion. However, stockholders' equity rose to $336.7 million, reflecting strong loan performance despite economic uncertainties.
Operational Highlights: The company maintained robust asset quality with no non-performing loans and an allowance for credit losses of $4.7 million. Non-interest income increased significantly by 62.9% in the first half of 2025, driven by unrealized gains on equity securities and higher loan fees, while non-interest expenses also rose due to increased salaries and operational costs.
NorthEast Community Bancorp Declares $0.20 Quarterly Cash Dividend per Share
- Quarterly Dividend Announcement: NorthEast Community Bancorp has declared a quarterly cash dividend of $0.20 per share, expected to be paid on February 6, 2026, demonstrating the company's ongoing commitment to stable cash flow and shareholder returns.
- Shareholder Record Date: The dividend will be paid to shareholders of record as of January 5, 2026, emphasizing the company's focus on shareholder interests and enhancing investor confidence.
- Business Background: As the holding company for NorthEast Community Bank, which operates 11 branches and 3 loan production offices in New York and Massachusetts, NorthEast Community Bancorp showcases its solid position in the regional financial services market.
- Future Outlook: Despite facing changes in market interest rates and economic conditions, the company maintains its dividend policy, reflecting confidence in future profitability and a strong sense of responsibility towards its shareholders.
NorthEast Community Bancorp Inc. Announces Decrease in Q3 Earnings
Earnings Decline: NorthEast Community Bancorp Inc. reported a decrease in earnings for the third quarter, with profits falling to $11.86 million, or $0.87 per share, compared to $12.68 million, or $0.95 per share, from the previous year.
Revenue Decrease: The company's revenue also saw a decline of 1.3%, dropping to $25.93 million from $26.28 million in the same quarter last year.
NorthEast Community Bancorp, Inc. Announces Financial Results for the Three and Nine Months Ending September 30, 2025
Financial Performance: NorthEast Community Bancorp reported a net income of $11.9 million for Q3 2025, a decrease from $12.7 million in Q3 2024, with year-to-date net income of $33.6 million compared to $36.9 million in the previous year.
Loan Portfolio and Asset Quality: The company experienced strong loan demand, particularly in construction and multi-family lending, with no non-performing loans reported as of September 30, 2025, and a low non-performing assets ratio of 0.03%.
Capital and Equity Growth: Total stockholders' equity increased by 8.1% to $344 million, with a strong capital position reflected in a 16.73% equity-to-assets ratio, maintaining well-capitalized status under regulatory requirements.
Interest Income Trends: Net interest income decreased slightly to $25.9 million in Q3 2025, attributed to lower interest income despite a rise in average interest-earning assets, while the net interest margin also declined to 5.38%.
NorthEast Community Bancorp, Inc. Declares Special Cash Dividend
Special Dividend Announcement: NorthEast Community Bancorp, Inc. declared a special cash dividend of $0.20 per share on its common stock, to be paid on or about October 6, 2025.
Record Date for Shareholders: The dividend will be distributed to shareholders who are on record as of the close of business on September 8, 2025.
Commitment to Shareholder Value: Kenneth A. Martinek, the Chairman and CEO, emphasized that paying dividends reflects the company's long-term commitment to enhancing shareholder value.
Cautionary Note on Forward-Looking Statements: The press release includes forward-looking statements that may differ from actual results due to various risks and uncertainties affecting the company’s performance.
Northeast Community Bancorp (NECB) Q2 Earnings Top Estimates
Earnings Performance: Northeast Community Bancorp (NECB) reported quarterly earnings of $0.82 per share, exceeding expectations but down from $0.97 a year ago; revenues of $25.93 million fell short of estimates, marking a mixed performance over the last four quarters.
Market Outlook: Despite underperforming the market with a 6% decline this year, NECB holds a Zacks Rank #3 (Hold), indicating expected performance in line with the market; future stock movements will depend on earnings estimate revisions and industry outlook.
NorthEast Community Bancorp, Inc. Reports Results for the Three and Six Months Ended June 30, 2025
Financial Performance Overview: NorthEast Community Bancorp, Inc. reported a decline in net income for Q2 2025 to $11.2 million from $12.8 million in Q2 2024, with total assets decreasing to approximately $1.97 billion and net loans slightly down to $1.79 billion. However, stockholders' equity rose to $336.7 million, reflecting strong loan performance despite economic uncertainties.
Operational Highlights: The company maintained robust asset quality with no non-performing loans and an allowance for credit losses of $4.7 million. Non-interest income increased significantly by 62.9% in the first half of 2025, driven by unrealized gains on equity securities and higher loan fees, while non-interest expenses also rose due to increased salaries and operational costs.
