Quarterly ResultMay 8, 2026, 10:41 AM
NorthEast Community Bancorp Q1 Net Income $9.95M, EPS $0.76
AI Summary
NorthEast Community Bancorp reported a net income of $9.95 million for Q1 2026, a 5.73% decrease from $10.57 million in Q1 2025. Basic earnings per share also declined by 5.00% to $0.76. Despite a decrease in total interest income, a more substantial reduction in interest expense resulted in a slight dip in net interest income. The company also declared a cash dividend of $0.20 per share, a 100% increase year-over-year.
Key Highlights
- Net income for Q1 2026 was $9.95 million, down 5.73% from $10.57 million in Q1 2025.
- Basic earnings per share decreased 5.00% to $0.76 in Q1 2026 from $0.80 in Q1 2025.
- Total interest income fell 5.86% to $35.97 million in Q1 2026 from $38.21 million in Q1 2025.
- Total interest expense decreased 15.12% to $11.84 million in Q1 2026 from $13.94 million in Q1 2025.
- Net interest income slightly decreased by 0.54% to $24.13 million in Q1 2026.
- Provision for credit loss was $0 in Q1 2026, down from $237 thousand in Q1 2025.
- Cash dividend declared was $0.20 per share in Q1 2026, a 100% increase from $0.10 in Q1 2025.
- Total assets were $2.03 billion as of March 31, 2026, down from $2.06 billion at December 31, 2025.
Price Impact
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