NorthEast Community Bancorp, Inc./MD/

NorthEast Community Bancorp, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.25 per common share. This represents an increase of $0.05 per common share from the previous dividend. The dividend is payable on or about August 6, 2026, to shareholders of record as of July 7, 2026. The company views this as part of its long-term commitment to enhancing shareholder value.

NorthEast Community Bancorp, Inc. held its annual meeting on May 21, 2026, where stockholders approved the 2026 Equity Incentive Plan. Additionally, four individuals were elected as directors for three-year terms. The appointment of S.R. Snodgrass, P.C. as the company's independent registered public accounting firm for fiscal year 2026 was also ratified.

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.

NorthEast Community Bancorp, Inc. reported net income of $10.0 million, or $0.76 per basic share, for Q1 2026, down from $10.6 million, or $0.80 per basic share, in Q1 2025. Despite a slight decrease in net interest income, the company highlighted strong performance in its loan portfolio, with construction loan commitments and loans-in-process outstanding increasing by 37.8% year-over-year. Asset quality remains robust with no non-performing loans.