NASDAQ : NECB
Northeast Community Bancorp, Inc. — Financial statements
Financials · Banks - Regional · United States
Last price 28.97 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 357.59M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 145.79M | 149.62M | 153.90M | 127.49M | 69.99M | 47.90M |
| Interest Income on Investments | 3.50M | 4.49M | 6.11M | 5.00M | 2.01M | 506.00K |
| Total Interest Income | 149.29M | 154.12M | 160.01M | 132.49M | 72.00M | 48.40M |
| Interest Paid on Deposits | 45.23M | 49.72M | 55.62M | 34.18M | 7.54M | 4.36M |
| Interest Paid on Borrowings | 3.73M | 3.66M | 1.60M | 1.12M | 583.00K | 742.00K |
| Total Interest Expense | 48.96M | 53.38M | 57.22M | 35.30M | 8.13M | 5.10M |
| Net Interest Income | 100.33M | 100.73M | 102.79M | 97.19M | 63.88M | 43.30M |
| Gain (Loss) on Sale of Assets | -16.00K | -6.00K | 22.00K | -156.00K | 98.00K | 7.00K |
| Gain (Loss) on Sale of Investments | -1.29M | 576.00K | -109.00K | 294.00K | -1.57M | -389.00K |
| Other Non-Interest Income | 3.54M | 3.52M | 2.87M | 3.47M | 3.16M | 2.74M |
| Total Non-Interest Income | 2.24M | 4.09M | 2.78M | 3.60M | 1.68M | 2.35M |
| Revenues Before Loan Losses | 102.57M | 104.83M | 105.58M | 100.80M | 65.56M | 45.66M |
| Provision for Loan Losses | 524.00K | -99.00K | 740.00K | 972.00K | 439.00K | 3.61M |
| Revenue | 102.05M | 104.93M | 104.83M | 99.82M | 65.12M | 42.05M |
| Salaries and Employee Benefits | 19.71M | 19.26M | 17.06M | 15.79M | 14.27M | 14.06M |
| Selling, General & Administrative | 11.16M | 11.29M | 10.62M | 9.43M | 7.00M | 5.83M |
| Other Non-Interest Expense | 12.24M | 11.28M | 10.65M | 9.77M | 8.35M | 6.49M |
| Total Non-Interest Expense | 43.44M | 42.67M | 39.06M | 35.08M | 30.24M | 26.47M |
| EBT Excluding Unusual Items | 58.61M | 62.26M | 65.77M | 64.74M | 34.88M | 15.57M |
| Pretax Income | 58.61M | 62.26M | 65.77M | 64.74M | 34.43M | 15.57M |
| Income Tax Expense | 17.38M | 17.85M | 18.70M | 18.46M | 9.59M | 3.67M |
| Net Income | 41.23M | 44.41M | 47.07M | 46.28M | 24.84M | 11.90M |
| Net Income to Common | 41.23M | 44.41M | 47.07M | 46.28M | 24.84M | 11.90M |
| Basic Shares Outstanding | 13.21M | 13.26M | 13.14M | 13.93M | 15.43M | 15.85M |
| Diluted Shares Outstanding | 13.59M | 13.66M | 13.36M | 13.94M | 15.73M | 15.85M |
| EPS (Basic) | 3.12 | 3.35 | 3.58 | 3.32 | 1.61 | 0.75 |
| EPS (Diluted) | 3.03 | 3.25 | 3.52 | 3.32 | 1.58 | 0.75 |
| Dividend Per Share | 0.90 | 0.80 | 0.50 | 0.24 | 0.24 | 0.21 |
| Effective Tax Rate | 29.65% | 28.66% | 28.43% | 28.52% | 27.84% | 23.56% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 72.63M | 81.17M | 78.26M | 68.67M | 95.31M | 152.27M |
| Investment Securities | 45.00M | 39.91M | 31.06M | 27.87M | 37.70M | 30.06M |
| Mortgage-Backed Securities | 5.07M | 5.65M | 6.19M | 6.84M | 7.86M | |
| Total Investments | 45.00M | 44.98M | 36.71M | 34.06M | 44.54M | 37.92M |
| Gross Loans | 2.02B | 1.86B | 1.81B | 1.59B | 1.22B | 973.34M |
| Allowance for Loan Losses | -4.72M | -4.73M | -4.83M | -5.09M | -5.47M | -5.24M |
| Other Adjustments to Gross Loans | -49.00K | |||||
| Net Loans | 2.02B | 1.86B | 1.81B | 1.58B | 1.21B | 968.09M |
| Property, Plant & Equipment | 29.49M | 30.38M | 29.15M | 30.37M | 28.73M | 26.83M |
| Goodwill | 200.00K | 651.00K | ||||
| Investments in Real Estate | 1.31M | 1.33M | 1.37M | 1.41M | 1.44M | 1.48M |
| Accrued Interest Receivable | 12.85M | 12.23M | 13.48M | 12.31M | 8.60M | 4.28M |
| Long-Term Deferred Tax Assets | 4.04M | 4.37M | 3.86M | 3.38M | 2.16M | |
| Other Real Estate Owned & Foreclosed | 5.12M | 1.46M | 1.46M | 2.00M | ||
| Other Long-Term Assets | 39.10M | 33.43M | 33.03M | 29.33M | 27.92M | 27.88M |
| Total Assets | 2.22B | 2.06B | 2.01B | 1.76B | 1.42B | 1.23B |
| Accounts Payable | 18.18M | 9.18M | 7.17M | 6.59M | 8.93M | 7.67M |
| Accrued Expenses | 7.27M | 6.66M | 5.93M | 5.83M | 5.87M | |
| Interest Bearing Deposits | 1.49B | 1.17B | 1.20B | 921.74M | 539.81M | 461.58M |
| Institutional Deposits | 172.03M | 185.68M | 178.11M | 205.84M | 134.73M | |
| Non-Interest Bearing Deposits | 325.62M | 271.92M | 287.13M | 300.18M | 376.30M | 330.85M |
| Total Deposits | 1.82B | 1.62B | 1.67B | 1.40B | 1.12B | 927.16M |
| Short-Term Borrowings | 70.00M | 50.00M | ||||
| Current Portion of Long-Term Debt | 7.00M | 7.00M | 7.00M | |||
| Current Portion of Leases | 939.00K | |||||
| Federal Home Loan Bank Debt, Long-Term | 7.00M | 14.00M | 21.00M | |||
| Long-Term Leases | 4.76M | 4.29M | 4.72M | 5.20M | 2.90M | 3.10M |
| Other Long-Term Liabilities | 2.88M | 3.23M | 2.32M | 3.06M | 2.37M | 1.88M |
| Total Liabilities | 1.85B | 1.71B | 1.69B | 1.48B | 1.16B | 973.69M |
| Common Stock | 138.00K | 140.00K | 140.00K | 142.00K | 161.00K | 164.00K |
| Additional Paid-In Capital | 108.96M | 111.58M | 110.09M | 109.92M | 136.43M | 145.34M |
| Retained Earnings | 266.11M | 244.97M | 213.97M | 175.50M | 132.67M | 114.32M |
| Comprehensive Income & Other | -4.55M | -4.99M | -5.86M | -6.25M | -7.28M | -8.44M |
| Shareholders' Equity | 370.65M | 351.70M | 318.34M | 279.32M | 261.99M | 251.38M |
| Total Liabilities & Equity | 2.22B | 2.06B | 2.01B | 1.76B | 1.42B | 1.23B |
| Total Debt | 4.76M | 75.23M | 4.72M | 69.20M | 23.90M | 31.10M |
| Net Cash (Debt) | 67.97M | 6.04M | 73.64M | -425.00K | 71.51M | 121.27M |
| Net Cash Per Share | 5.00 | 0.44 | 5.51 | -0.03 | 4.55 | 7.65 |
| Filing Date Shares Outstanding | 13.13M | 12.38M | 12.48M | 12.45M | 13.72M | 15.01M |
| Total Common Shares Outstanding | 13.13M | 12.51M | 12.47M | 12.52M | 14.34M | 15.01M |
| Book Value Per Share | 28.23 | 28.11 | 25.53 | 22.30 | 18.27 | 16.75 |
| Tangible Book Value | 370.65M | 351.70M | 318.34M | 279.32M | 261.79M | 250.73M |
| Tangible Book Value Per Share | 28.23 | 28.11 | 25.53 | 22.30 | 18.25 | 16.71 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 44.41M | 47.07M | 46.28M | 24.84M | 11.90M | |
| Depreciation & Amortization | 1.17M | 1.19M | 1.22M | 1.25M | 1.12M | |
| Other Amortization | 509.00K | 82.00K | ||||
| Gain (Loss) on Sale of Assets | 278.00K | -22.00K | 156.00K | -98.00K | -7.00K | |
| Gain (Loss) on Sale of Investments | -571.00K | 115.00K | -274.00K | 1.60M | 387.00K | |
| Total Asset Writedown | 222.00K | 689.00K | 991.00K | |||
| Provision for Credit Losses | -99.00K | 740.00K | 972.00K | 439.00K | 3.61M | |
| Accrued Interest Receivable | 1.25M | -1.17M | -3.71M | -4.31M | -445.00K | |
| Change in Accounts Payable | 3.09M | 114.00K | -1.22M | 1.77M | 940.00K | |
| Change in Other Net Operating Assets | -348.00K | -2.65M | -2.46M | 1.18M | 3.52M | |
| Other Operating Activities | -741.00K | -1.27M | -1.17M | -1.91M | -482.00K | |
| Operating Cash Flow | 52.59M | 48.69M | 42.84M | 27.54M | 21.56M | |
| Capital Expenditures | -1.75M | -517.00K | -626.00K | -3.30M | -6.45M | |
| Sale of Property, Plant and Equipment | 273.00K | 109.00K | ||||
| Investment in Securities | -7.70M | -2.75M | 10.38M | -8.54M | -20.50M | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -42.84M | -231.25M | -369.73M | -245.07M | -152.05M | |
| Other Investing Activities | -13.00K | 532.00K | 2.14M | 331.00K | 26.00K | |
| Investing Cash Flow | -52.03M | -233.99M | -357.84M | -256.59M | -178.86M | |
| Short-Term Debt Issued | 50.00M | |||||
| Long-Term Debt Issued | 70.00M | |||||
| Total Debt Issued | 70.00M | 50.00M | ||||
| Long-Term Debt Repaid | -64.00M | -7.00M | -7.00M | |||
| Net Debt Issued (Repaid) | 70.00M | -64.00M | 43.00M | -7.00M | ||
| Issuance of Common Stock | 14.00K | 95.39M | ||||
| Repurchase of Common Stock | -1.58M | -3.20M | -28.71M | -9.32M | ||
| Common Dividends Paid | -13.32M | -7.86M | -3.65M | -6.87M | -2.26M | |
| Net Increase (Decrease) in Deposit Accounts | -53.47M | 270.34M | 278.08M | 194.79M | 155.46M | |
| Other Financing Activities | 734.00K | -402.00K | -349.00K | 485.00K | -8.20M | |
| Financing Cash Flow | 2.36M | 194.89M | 288.37M | 172.09M | 240.38M | |
| Net Cash Flow | 2.92M | 9.59M | -26.64M | -56.96M | 83.08M | |
| Free Cash Flow | 50.84M | 48.17M | 42.21M | 24.23M | 15.11M | |
| Free Cash Flow Margin | 48.45% | 45.95% | 42.28% | 37.22% | 35.92% | |
| Free Cash Flow Per Share | 3.72 | 3.61 | 3.03 | 1.54 | 0.95 | |
| Cash Interest Paid | 52.32M | 56.58M | 34.85M | 8.01M | 4.98M | |
| Cash Income Tax Paid | 15.44M | 22.11M | 20.72M | 9.20M | 3.57M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 356.85M | 283.09M | 303.54M | 222.24M | 220.15M | 172.37M |
| Last Close Price | 28.91 | 21.83 | 22.62 | 15.96 | 13.25 | 9.54 |
| PE Ratio | 9.54 | 6.37 | 6.45 | 4.80 | 8.86 | 14.48 |
| PS Ratio | 3.50 | 2.70 | 2.90 | 2.23 | 3.38 | 4.10 |
| PB Ratio | 1.02 | 0.81 | 0.95 | 0.80 | 0.84 | 0.69 |
| P/FCF Ratio | 7.37 | 5.57 | 6.30 | 5.26 | 9.08 | 11.41 |
| P/OCF Ratio | 7.24 | 5.38 | 6.24 | 5.19 | 7.99 | 8.00 |
| Debt / Equity Ratio | 0.01 | 0.21 | 0.01 | 0.25 | 0.09 | 0.12 |
| Debt / FCF Ratio | 1.48 | 0.10 | 1.64 | 0.99 | 2.06 | |
| Net Debt / Equity Ratio | -0.18 | -0.02 | -0.23 | 0.00 | -0.27 | -0.48 |
| Net Debt / FCF Ratio | -0.12 | -1.53 | 0.01 | -2.95 | -8.03 | |
| Return on Equity (ROE) | 11.54% | 13.26% | 15.75% | 17.10% | 9.68% | 5.88% |
| Return on Assets (ROA) | 1.93% | 2.18% | 2.50% | 2.90% | 1.88% | 1.08% |
| Earnings Yield | 10.48% | 15.69% | 15.51% | 20.82% | 11.29% | 6.91% |
| FCF Yield | 13.57% | 17.96% | 15.87% | 18.99% | 11.01% | 8.76% |
| Dividend Yield | 3.46% | 3.54% | 2.05% | 1.35% | 1.56% | 1.83% |
| Payout Ratio | 29.70% | 30.00% | 16.70% | 7.89% | 27.65% | 18.99% |
| Buyback Yield / Dilution | 0.20% | -2.25% | 4.14% | 11.38% | 0.81% | 1.83% |
| Total Shareholder Return | 3.66% | 1.29% | 6.19% | 12.73% | 2.37% | 3.66% |