Quarterly ResultJul 24, 2026, 02:08 PM
NorthEast Community Bancorp Q2 Net Income $9.8M, EPS $0.75
AI Summary
NorthEast Community Bancorp reported a net income of $9.8 million, or $0.75 per basic share, for the three months ended June 30, 2026, a decrease from $11.2 million, or $0.85 per basic share, in the prior year. For the six months, net income was $19.7 million, down from $21.7 million. Despite the decrease in net income and net interest margin, the company highlighted continued strong performance in its loan portfolio, a 38.9% increase in construction loan commitments, and strong asset quality with no non-performing loans.
Key Highlights
- Q2 2026 net income was $9.8 million, down from $11.2 million YoY.
- Q2 2026 basic EPS was $0.75, down from $0.85 YoY.
- Six months 2026 net income was $19.7 million, down from $21.7 million YoY.
- Construction loan commitments increased 38.9% compared to Q2 2025.
- Total assets increased 2.5% to $2.1 billion at June 30, 2026.
- Total stockholders' equity increased 3.1% to $362.6 million.
- No non-performing loans at June 30, 2026, with 0.00% non-performing assets to total assets.
- Net interest margin decreased to 5.14% for Q2 2026 from 5.35% YoY.
Price Impact
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