NECB earnings analysis
What we found in NECB's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
NorthEast Community Bancorp, Inc. reported Q1 2026 earnings with revenue of $24.93 million, down 3.1% year-over-year and below expectations of $26.42 million. EPS declined slightly to $0.74, missing consensus estimates of $0.75 due to lower net interest income and a significant drop in non-interest income.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Decline vs. Estimates
- Revenue for Q1 2026 was $24.93 million, missing estimates of $26.42 million by 5.6%.
- EPS Slightly Below Estimates
- The company reported diluted EPS of $0.74 compared to estimates of $0.75, reflecting a 1.3% miss.
- Net Interest Income Remains Stable
- Net interest income was $24.1 million, a minor decrease of $130,000 or 0.5% over last year.
- Decrease in Borrowings
- Borrowings decreased significantly by 71.4%, from $70 million to $20 million year-over-year.
- Stable Loan Originations
- Q1 2026 loan originations totaled $266.1 million, up from $170.1 million in Q1 2025.
- Strong Liquidity Position
- Liquidity ratios indicate a strong position, with Cash Liquidity at 4.3% and On Balance Sheet Liquidity at 7.1%.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Increased Non-Interest Expense
- Non-interest expenses rose by 2.4% to $10.9 million driven by higher salaries and occupancy costs.
- Decline in Non-Interest Income
- Non-interest income fell significantly by 35.5%, from $1.2 million to $796,000, impacting overall profitability.
- Weak Net Interest Margin
- Net interest margin decreased by 12 basis points from 5.11% to 4.99%, indicating potential pressures on interest rates.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.74
What they said about what is next.
Outlook deferred to earnings press release / call.
The filing reads worse than the one before it.
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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