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Recent Updates — NECB

October 23, 2026View Source ↗

NorthEast Community Bancorp reported net income of $10.7 million, or $0.81 per diluted share, for the third quarter ended September 30, 2026, compared to $11.9 million, or $0.87 per diluted share, in the prior-year period. For the nine-month period, net income was $30.4 million, or $2.25 per diluted share, versus $33.6 million, or $2.47 per diluted share, a year ago. Total assets grew 7.4% to $2.2 billion, driven by an $160.0 million increase in the loan portfolio, primarily construction loans. The company reported non-performing assets of $17.4 million at quarter-end and maintained an allowance for credit losses of $4.7 million. NorthEast Community Bancorp is a bank holding company operating through its subsidiary, NorthEast Community Bank, serving communities in New York and Massachusetts.