Skip to content
Optionomics Free · No account needed

Earnings analysis · 10-Q

NECB earnings analysis

Filed May 8, 2026 · Our reading of the company's report

The latest report

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…

Read full summary

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.

Read the original on SEC.gov

Reported figures

Earnings per share
$0.74

What stood out

  • 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%.

What to watch

  • 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.

Management's outlook

Outlook deferred to earnings press release / call.

This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.