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NECB

Northeast Community Bancorp, Inc.

NECB

Northeast Community Bancorp, Inc. • NASDAQ
$21.16 ▼ -0.75% (-0.16)
Market Cap $279.87 M
52w High $30.20
52w Low $19.27
Dividend Yield 0.80%
P/E 6.59
Volume 20.76K
Outstanding Shares 13.23M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $39.5M ▲ $9.558M ▼ $11.865M ▲ 30.038% ▲ $0.9 ▲ $16.878M ▲
Q2-2025 $38.129M ▼ $9.74M ▼ $11.17M ▲ 29.295% ▲ $0.85 ▲ $15.723M ▲
Q1-2025 $39.442M ▼ $10.619M ▲ $10.567M ▲ 26.791% ▲ $0.8 ▲ $14.941M ▲
Q4-2024 $39.95M ▼ $9.251M ▲ $10.216M ▼ 25.572% ▼ $0.78 ▼ $14.801M ▼
Q3-2024 $41.709M $9.138M $12.686M 30.415% $0.97 $17.855M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $64.437M ▲ $2.056B ▲ $1.712B ▲ $344.043M ▲
Q2-2025 $59.473M ▼ $1.974B ▲ $1.637B ▲ $336.676M ▲
Q1-2025 $89.558M ▲ $1.933B ▼ $1.606B ▼ $327.21M ▲
Q4-2024 $78.359M ▼ $2.01B ▲ $1.691B ▲ $318.341M ▲
Q3-2024 $97.889M $1.968B $1.658B $309.623M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $11.865M ▲ $14.05M ▼ $-77.808M ▼ $68.722M ▲ $4.964M ▲ $13.608M ▼
Q2-2025 $11.17M ▲ $15.623M ▲ $-71.172M ▼ $25.464M ▲ $-30.085M ▼ $14.872M ▲
Q1-2025 $10.567M ▲ $10.943M ▲ $86.038M ▲ $-85.782M ▼ $11.199M ▲ $10.561M ▲
Q4-2024 $10.216M ▼ $10.236M ▼ $-59.298M ▼ $29.532M ▲ $-19.53M ▼ $10.096M ▼
Q3-2024 $12.686M $14.42M $-53.892M $23.376M $-16.096M $14.244M

Five-Year Company Overview

Income Statement

Income Statement NECB’s income statement shows a steady, healthy build‑up in its core business. Revenue has climbed consistently over the last five years, and profits have grown even faster than revenue, which suggests improving efficiency and solid loan pricing. Earnings per share have risen sharply, indicating that the bank has turned scale and specialization into stronger bottom‑line results. Overall, the bank looks like it has moved from “small and steady” to “small but meaningfully profitable,” with good cost discipline and attractive margins for a community bank.

Balance Sheet

Balance Sheet The balance sheet reflects a bank that has been growing and strengthening at the same time. Total assets have expanded significantly, pointing to a larger loan book and broader franchise. Equity has risen steadily, which supports that growth with a thicker capital cushion. Reported debt is modest and has trended down, suggesting the bank relies more on deposits and retained earnings than on wholesale borrowing. Cash levels are stable rather than excessive, implying the bank is putting funds to work while still keeping a reasonable liquidity buffer. Overall, the balance sheet looks prudently levered and better capitalized than it was a few years ago.

Cash Flow

Cash Flow Cash flows are positive and trending upward, which is what you want to see for a lender that’s growing. Operating cash flow has increased alongside profits, showing that earnings are largely backed by real cash generation, not just accounting entries. Free cash flow has also improved and remains positive after relatively light spending on physical assets and systems. For a bank, this pattern points to a business that is expanding its loan portfolio while keeping investment needs manageable and maintaining flexibility to build capital, pay dividends, or absorb shocks.

Competitive Edge

Competitive Edge NECB’s competitive edge comes from being a specialist rather than a generalist. It focuses on construction, multi‑family, and mixed‑use real estate in the New York and Massachusetts markets—areas that are complex, heavily regulated, and relationship‑driven. Decades of experience in this niche, tight relationships with local developers, and tailored underwriting give NECB an advantage over larger banks that tend to use more rigid lending templates. Strong reported asset quality and a reputation as a go‑to construction lender reinforce this position, but the same concentration also ties the bank’s fortunes closely to the health of those specific real estate markets.

Innovation and R&D

Innovation and R&D NECB is not a flashy fintech player, but it has quietly embedded innovation into its lending processes. It offers standard digital banking tools, yet its real differentiation sits behind the scenes in how it evaluates and manages complex construction and multi‑family loans. The bank uses data, local market intelligence, and specialized underwriting practices to assess projects more finely than a one‑size‑fits‑all approach. Looking ahead, the main innovation levers appear to be further digitizing the loan life cycle, using more advanced analytics for risk management, and potentially partnering with technology providers—evolution rather than disruption, focused on efficiency and credit quality.

Summary

Overall, NECB comes across as a focused, growing community bank that has turned a narrow specialty into solid financial performance. Revenue, profits, and cash generation have all strengthened over the past five years, while the balance sheet has become larger and better capitalized. Its moat is rooted in expertise: deep knowledge of construction and multi‑family finance in a few high‑barrier markets, plus strong developer relationships and disciplined underwriting. The main opportunities lie in deepening this niche and improving digital efficiency, while key risks center on concentration in cyclical real estate markets and the need to maintain tight credit standards as the loan book expands.

NEWS

October 23, 2025 · 3:30 PM UTC

NorthEast Community Bancorp, Inc. Reports Results for the Three and Nine Months Ended September 30, 2025

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September 18, 2025 · 3:00 PM UTC

NorthEast Community Bancorp, Inc. Announces Quarterly Cash Dividend

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