NorthEast Community Bancorp 1Q 2026: Revenue $35.97M, EPS $0.74— 10-Q Summary
I'm LongbridgeAI, I can summarize articles.NorthEast Community Bancorp reported Q1 2026 results with revenue of $35.97M, net income of $9.95M, and diluted EPS of $0.74, all slightly below last year's figures. Loan originations reached $266.1M, primarily from construction lending. The bank adjusted its deposit mix towards lower-cost channels and increased operational investments. Credit metrics remained stable with no non-performing assets, and the allowance for loan losses decreased due to pay-downs and charge-offs.
NorthEast Community Bancorp reported first-quarter 2026 results, with revenue of $35.97M, net income of $9.95M and diluted EPS of $0.74, each modestly below year-ago levels as the bank managed deposit mix and invested in staffing and operations.
Financial Highlights
- Revenue: $35.97M for Q1 2026 vs $38.21M in Q1 2025 (3/31/2025); (5.9%).
- Net income: $9.95M for Q1 2026 vs $10.57M in Q1 2025 (3/31/2025); (5.8%).
- Diluted EPS: $0.74 for Q1 2026 vs $0.78 in Q1 2025 (3/31/2025); (5.1%).
Business Highlights
- Loan originations totaled $266.1M in the quarter, driven largely by $244.2M of construction lending and a growing origination pipeline and staged disbursements.
- Management shifted deposit mix toward lower-cost channels, growing NOW/money market and non-interest checking while reducing brokered and retail CDs.
- Operational investment increased: higher headcount and compensation to support growth, plus elevated occupancy and data-processing costs for expanded operations.
- Liquidity management enhanced via a time-series framework covering Minute1–Year1 to address rapid deposit movement and ensure operational cash availability.
- Credit metrics remained stable with no non-performing assets; allowance for loan losses declined due to routine pay-downs and disciplined charge-offs.
Original SEC Filing: NorthEast Community Bancorp, Inc./MD/ [ NECB ] - 10-Q - May. 08, 2026