---
title: "NorthEast Community Bancorp reports Q1 net income $9.95M, EPS $0.74 diluted"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284836637.md"
description: "NorthEast Community Bancorp reported Q1 2026 net income of $9.95 million, or $0.74 per diluted share, down from $10.57 million in Q1 2025. Total net interest income was $24.13 million with a net interest margin of 4.99%. Total assets stood at $2.025 billion, and stockholders’ equity rose to $356.3 million. The bank focused on construction lending, originating $266.1 million in loans, with a significant increase in construction loan commitments. Deposits increased by $9.4 million, while higher-cost CDs were reduced. Regulatory capital metrics remained strong."
datetime: "2026-04-30T21:03:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284836637.md)
  - [en](https://longbridge.com/en/news/284836637.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284836637.md)
---

# NorthEast Community Bancorp reports Q1 net income $9.95M, EPS $0.74 diluted

NorthEast Community Bancorp reported first-quarter 2026 net income of $9.95 million, or $0.76 per basic share and $0.74 per diluted share, compared with $10.57 million, or $0.80 basic and $0.78 diluted, in Q1 2025. Total net interest income was $24.13 million and net interest margin was 4.99% for the quarter. Total assets were $2.025 billion and total stockholders’ equity rose to $356.3 million as of March 31, 2026.

**Financial Highlights**

-   Net income: $9,952,000 for the quarter ended March 31, 2026 (Q1 2025: $10,567,000).
-   Earnings per share: Basic $0.76; Diluted $0.74 for Q1 2026 (Q1 2025: basic $0.80; diluted $0.78).
-   Net interest income: $24,134,000 for Q1 2026 (Q1 2025: $24,264,000); net interest margin 4.99% (Q1 2025: 5.11%).
-   Total assets: $2,025,127,000 at March 31, 2026 (December 31, 2025: $2,063,508,000); total stockholders’ equity: $356,285,000 (December 31, 2025: $351,700,000).
-   Provision for income taxes: $4,099,000 for Q1 2026; provision for credit losses: $0 for Q1 2026 (Q1 2025 credit loss expense: $237,000).

**Business Highlights**

-   Construction lending focus: originated $266.1 million of loans during Q1 2026, including $244.2 million in construction loans (40.7% of those construction loan funds disbursed at closing).
-   Construction loan commitments and loans-in-process outstanding increased ~37.8% year-over-year, with over $819 million in unfunded loan commitments at March 31, 2026 (20.6% higher than December 31, 2025).
-   Loan portfolio movement: net loans decreased $31.8 million sequentially driven by pay-downs and project completions across construction and multi-family segments.
-   Deposit mix shift: total deposits increased $9.4 million; NOW/money market accounts grew by $50.0 million and non-interest bearing deposits rose $25.0 million, while certificates of deposit declined $57.1 million as management reduced higher-cost brokered and listing-service CDs.
-   Capital and liquidity: strong regulatory capital metrics (tier 1 leverage 16.76%, total risk-based capital 15.73%) and available borrowing capacity from Federal Reserve and correspondent bank sources.

Original SEC Filing: NorthEast Community Bancorp, Inc./MD/ \[ NECB \] - 8-K - Apr. 30, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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