NorthEast Community Bancorp, Inc./MD/ Q3 FY25 Results
NECBQ3 FY25 ResultsAnnounced Oct 23, 2025, 08:00 AM| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 26.95 | 3.9% | 2.5% |
| Total Income | 26.95 | 3.9% | 2.5% |
| Expenditure | 10.35 | 1.5% | 2.8% |
| PBT | 16.60 | 7.7% | 5.5% |
| Net Profit | 11.87 | 6.3% | 6.5% |
| OPM | — | ||
| NPM | 44.02% | 0.95pp | 1.88pp |
| EPS | 0.90 | 5.9% | 7.2% |
NorthEast Community Bancorp Reports Net Income of $33.6 Million for Nine Months Ended 09/30/2025
04 May 2026 · 4 May, 8:53 am
Summary
NorthEast Community Bancorp, Inc. reported net income of $11.9 million for the three months ended September 30, 2025, compared to $12.7 million for the same period in 2024. Net income for the nine months ended September 30, 2025, was $33.6 million, compared to $36.9 million in 2024. The company's asset quality remained strong, with no non-performing loans at September 30, 2025. Total assets increased to $2.1 billion, driven by increases in net loans.
Key Highlights
- 1
NorthEast Community Bancorp reported net income of $11.9 million, or $0.90 per basic share, for the three months ended September 30, 2025.
- 2
For the nine months ended September 30, 2025, net income was $33.6 million, or $2.54 per basic share.
- 3
The company's return on average total assets ratio was 2.35% for the three months ended September 30, 2025.
- 4
Total stockholders’ equity increased by $25.7 million, or 8.1%, to $344.0 million as of September 30, 2025 from December 31, 2024.
- 5
Loans, net of the allowance for credit losses, increased $61.2 million, or 3.4%, to $1.9 billion at September 30, 2025 from December 31, 2024.
- 6
Non-performing assets decreased to $545,000 at September 30, 2025, compared to $5.1 million at December 31, 2024.
- 7
Outstanding unfunded commitments exceeded $645 million at September 30, 2025.
Management Comments
Kenneth A. Martinek
We are once again pleased to be able to report continued strong performance throughout our entire loan portfolio, with continuing focus on construction lending in high demand, high absorption sub-markets. Loan demand remains strong with outstanding unfunded commitments exceeding $645 million at September 30, 2025. Our New York City cooperative corporation lending program continues to grow, as does our multi-family lending throughout Eastern Massachusetts. I am also pleased to announce that the Bank was ranked #1 nationwide for banks with less than $5 billion in assets and #2 of the top 25 banks nationwide by Bank Director Ranking Banks 2025. In addition, the Bank was previously recognized as a member of Piper Sandler’s Small Bank All Stars Class of 2023 and Class of 2024 and NECB was awarded the Raymond James Community Bankers Cup, which recognizes Excellence in Community Banking, for 2023 and 2024.”
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