Quarterly ResultMay 8, 2026, 08:37 AM
ECB Bancorp Q1 Net Income $3.12M, EPS $0.39; Total Assets $1.65B
AI Summary
ECB Bancorp, Inc. reported a significant increase in its financial performance for the first quarter ended March 31, 2026. Net income more than doubled to $3.12 million, with basic earnings per share rising to $0.39. The company also saw growth in its balance sheet, with total assets reaching $1.65 billion and total deposits increasing to $1.20 billion. Net interest and dividend income also experienced substantial growth, contributing to the strong quarterly results.
Key Highlights
- Net income for Q1 2026 increased by 140.9% to $3.12 million from $1.30 million in Q1 2025.
- Basic earnings per share rose by 143.8% to $0.39 in Q1 2026, up from $0.16 in Q1 2025.
- Total assets grew by 2.8% to $1.65 billion as of March 31, 2026, from $1.61 billion at December 31, 2025.
- Total deposits increased by 5.9% to $1.20 billion as of March 31, 2026, from $1.13 billion at December 31, 2025.
- Net loans increased by 1.4% to $1.39 billion as of March 31, 2026, from $1.37 billion at December 31, 2025.
- Net interest and dividend income surged by 47.9% to $9.83 million in Q1 2026, compared to $6.65 million in Q1 2025.
- The company repurchased 19,694 shares for $350 thousand under its share repurchase plan during Q1 2026.
Price Impact
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