Northeast Community Bancorp Q1 Earnings Report
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 30 2026
0mins
Should l Buy NECB?
Source: seekingalpha
- Earnings Miss: Northeast Community Bancorp reported a Q1 GAAP EPS of $0.74, missing expectations by $0.01, indicating potential pressure on profitability that may affect investor confidence.
- Revenue Decline: The bank's revenue for Q1 was $24.92 million, down 1.4% year-over-year and falling short of the $25.10 million forecast, reflecting increased market competition and economic uncertainty impacting revenue.
- Loan Net Decrease: As of March 31, 2026, net loans, after accounting for credit loss allowances, decreased by $31.8 million to $1.8 billion, suggesting a cautious approach to credit expansion that may hinder future profit growth.
- Deposit Growth: Total deposits increased by $9.4 million to $1.6 billion as of March 31, 2026, indicating continued customer trust in the bank, which may support future business development despite the modest growth rate.
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Analyst Views on NECB
Wall Street analysts forecast NECB stock price to fall
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 24.370
Low
24.00
Averages
24.00
High
24.00
Current: 24.370
Low
24.00
Averages
24.00
High
24.00
About NECB
NorthEast Community Bancorp, Inc. is the holding company for NorthEast Community Bank (the Bank). The Bank’s principal business consists of originating primarily construction loans and, to a lesser extent, commercial and industrial loans and multifamily and mixed-use residential real estate loans and non-residential real estate loans. It offers personal loans and overdraft protection for checking accounts. It offers adjustable-rate mortgage loans secured by multifamily and mixed-use real estate. These loans are composed primarily of loans on moderate income apartment buildings located in its lending territory and include loans on cooperative apartment buildings (in the New York area); and loans for Section 8 multifamily housing. It provides credit to commercial and industrial businesses that are located within its market area. It also provides commercial and industrial loans to real estate developers in the New York Metropolitan Area.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Northeast Community Bancorp Q1 Earnings Report
- Earnings Miss: Northeast Community Bancorp reported a Q1 GAAP EPS of $0.74, missing expectations by $0.01, indicating potential pressure on profitability that may affect investor confidence.
- Revenue Decline: The bank's revenue for Q1 was $24.92 million, down 1.4% year-over-year and falling short of the $25.10 million forecast, reflecting increased market competition and economic uncertainty impacting revenue.
- Loan Net Decrease: As of March 31, 2026, net loans, after accounting for credit loss allowances, decreased by $31.8 million to $1.8 billion, suggesting a cautious approach to credit expansion that may hinder future profit growth.
- Deposit Growth: Total deposits increased by $9.4 million to $1.6 billion as of March 31, 2026, indicating continued customer trust in the bank, which may support future business development despite the modest growth rate.
See More
NorthEast Community Bancorp Reports Q1 Net Income
- Net Income Performance: For Q1 2026, NorthEast Community Bancorp reported a net income of $10 million, translating to $0.76 per basic share, down from $10.6 million and $0.80 per share in Q1 2025, indicating challenges from increased market competition and changing interest rate environments.
- Loan Portfolio Growth: As of March 31, 2026, construction loan commitments and loans-in-process surged approximately 37.8% year-over-year to over $819 million, demonstrating robust demand for construction loans and solidifying the company's position in high-demand markets.
- Stable Asset Quality: The company reported no non-performing loans as of March 31, 2026, maintaining strong asset quality metrics with an allowance for credit losses of $4.6 million, or 0.25% of total loans, showcasing effective risk management practices.
- Increase in Shareholder Equity: Total stockholders' equity rose by $4.6 million to $356.3 million, representing 17.59% of total assets as of March 31, 2026, reflecting the company's ongoing profitability and capital adequacy, thereby strengthening the foundation for future growth.
See More
Japan Signs Warship Deal with Australia to Boost Defense
- First Warship Export: Japan's Mitsubishi Heavy Industries has signed a AU$10 billion contract with Australia to deliver the first three Mogami-class stealth frigates, marking Japan's inaugural warship export, with the first vessel expected in 2029, enhancing Japan's position in the international arms market.
- Stock Surge: Shares of Mitsubishi Heavy Industries rose nearly 4% following the contract signing, with a total gain of about 75% over the past year, reflecting optimistic market sentiment regarding its defense business prospects and boosting investor confidence.
- Increased Defense Investment: Australia has committed up to AU$20 billion for the construction of 11 frigates, with the first three being built by MHI, replacing the ANZAC-class vessels that have been in service since the 1980s, significantly enhancing the Royal Australian Navy's long-range strike capabilities.
- Technological Collaboration: The deal also involves companies like NEC, Mitsubishi Electric, and Hitachi providing radar and other systems, further strengthening Japan-Australia technological cooperation in defense, thereby enhancing both nations' strategic positions in the Indo-Pacific region.
See More
Microsoft Partners with Japanese Cloud Firms for $10 Billion AI Investment
- Massive Investment: Microsoft has announced a $10 billion investment in Japan from 2026 to 2029 to build AI infrastructure, enhance cybersecurity, and train 1 million engineers and developers by 2030, demonstrating a strong commitment to the Japanese market and strategic foresight in technology development.
- Stock Surge: Following this announcement, shares of Sakura Internet surged by 20.2% on Friday, reflecting market optimism regarding the partnership's potential and likely boosting the performance of related companies in the sector.
- Strategic Partnerships: Microsoft will collaborate with Sakura Internet and SoftBank to provide AI computing resources, including graphics processing units located in Japan, which will not only support the development of domestic large language models but also enhance Japan's competitiveness in the global AI landscape.
- Talent Development Initiative: Microsoft plans to partner with five major Japanese IT companies, including NTT Data, NEC, Fujitsu, and Hitachi, to train 1 million AI professionals by 2030, aiming to meet the growing demand for cloud and AI services in Japan and further solidify its market position.
See More
Northeast Community Bancorp Declares Quarterly Dividend
- Quarterly Dividend Announcement: Northeast Community Bancorp (NECB) declares a quarterly dividend of $0.20 per share, consistent with previous distributions, reflecting the company's stable cash flow and profitability, which enhances investor confidence.
- Yield Performance: The forward yield of 3.44% for this dividend is attractive in the current market environment, potentially drawing in more investors seeking stable income, thereby increasing shareholder value.
- Payment Schedule: The dividend will be payable on May 5, with a record date of April 6 and an ex-dividend date also on April 6, ensuring shareholders receive their earnings promptly and strengthening the trust relationship between the company and its investors.
- Company Outlook: Following a strong start to 2026, Northeast Community Bancorp is still viewed as a fantastic firm to bank on, attracting market attention for its valuation and indicating potential growth opportunities ahead.
See More
NorthEast Community Bancorp Announces Annual Meeting Date
- Annual Meeting Announcement: NorthEast Community Bank has announced that its annual stockholders' meeting will take place on May 21, 2026, aimed at enhancing communication and interaction with shareholders to ensure transparency and effective corporate governance.
- Company Overview: Headquartered in White Plains, New York, NorthEast Community Bank operates 11 branch offices across several counties in New York and Massachusetts, demonstrating its extensive presence in the regional financial services market.
- Forward-Looking Statements: The announcement includes forward-looking statements regarding anticipated future events, highlighting potential impacts from market interest rates, economic conditions, and the COVID-19 pandemic on the bank's operations, reflecting the company's focus on risk management.
- Contact Information: CEO Kenneth A. Martinek provided a contact number, further enhancing investor relations and demonstrating the company's commitment to shareholder engagement.
See More
Northeast Community Bancorp Q1 Earnings Report
- Earnings Miss: Northeast Community Bancorp reported a Q1 GAAP EPS of $0.74, missing expectations by $0.01, indicating potential pressure on profitability that may affect investor confidence.
- Revenue Decline: The bank's revenue for Q1 was $24.92 million, down 1.4% year-over-year and falling short of the $25.10 million forecast, reflecting increased market competition and economic uncertainty impacting revenue.
- Loan Net Decrease: As of March 31, 2026, net loans, after accounting for credit loss allowances, decreased by $31.8 million to $1.8 billion, suggesting a cautious approach to credit expansion that may hinder future profit growth.
- Deposit Growth: Total deposits increased by $9.4 million to $1.6 billion as of March 31, 2026, indicating continued customer trust in the bank, which may support future business development despite the modest growth rate.
See More
NorthEast Community Bancorp Reports Q1 Net Income
- Net Income Performance: For Q1 2026, NorthEast Community Bancorp reported a net income of $10 million, translating to $0.76 per basic share, down from $10.6 million and $0.80 per share in Q1 2025, indicating challenges from increased market competition and changing interest rate environments.
- Loan Portfolio Growth: As of March 31, 2026, construction loan commitments and loans-in-process surged approximately 37.8% year-over-year to over $819 million, demonstrating robust demand for construction loans and solidifying the company's position in high-demand markets.
- Stable Asset Quality: The company reported no non-performing loans as of March 31, 2026, maintaining strong asset quality metrics with an allowance for credit losses of $4.6 million, or 0.25% of total loans, showcasing effective risk management practices.
- Increase in Shareholder Equity: Total stockholders' equity rose by $4.6 million to $356.3 million, representing 17.59% of total assets as of March 31, 2026, reflecting the company's ongoing profitability and capital adequacy, thereby strengthening the foundation for future growth.
See More
Japan Signs Warship Deal with Australia to Boost Defense
- First Warship Export: Japan's Mitsubishi Heavy Industries has signed a AU$10 billion contract with Australia to deliver the first three Mogami-class stealth frigates, marking Japan's inaugural warship export, with the first vessel expected in 2029, enhancing Japan's position in the international arms market.
- Stock Surge: Shares of Mitsubishi Heavy Industries rose nearly 4% following the contract signing, with a total gain of about 75% over the past year, reflecting optimistic market sentiment regarding its defense business prospects and boosting investor confidence.
- Increased Defense Investment: Australia has committed up to AU$20 billion for the construction of 11 frigates, with the first three being built by MHI, replacing the ANZAC-class vessels that have been in service since the 1980s, significantly enhancing the Royal Australian Navy's long-range strike capabilities.
- Technological Collaboration: The deal also involves companies like NEC, Mitsubishi Electric, and Hitachi providing radar and other systems, further strengthening Japan-Australia technological cooperation in defense, thereby enhancing both nations' strategic positions in the Indo-Pacific region.
See More
Microsoft Partners with Japanese Cloud Firms for $10 Billion AI Investment
- Massive Investment: Microsoft has announced a $10 billion investment in Japan from 2026 to 2029 to build AI infrastructure, enhance cybersecurity, and train 1 million engineers and developers by 2030, demonstrating a strong commitment to the Japanese market and strategic foresight in technology development.
- Stock Surge: Following this announcement, shares of Sakura Internet surged by 20.2% on Friday, reflecting market optimism regarding the partnership's potential and likely boosting the performance of related companies in the sector.
- Strategic Partnerships: Microsoft will collaborate with Sakura Internet and SoftBank to provide AI computing resources, including graphics processing units located in Japan, which will not only support the development of domestic large language models but also enhance Japan's competitiveness in the global AI landscape.
- Talent Development Initiative: Microsoft plans to partner with five major Japanese IT companies, including NTT Data, NEC, Fujitsu, and Hitachi, to train 1 million AI professionals by 2030, aiming to meet the growing demand for cloud and AI services in Japan and further solidify its market position.
See More
Northeast Community Bancorp Declares Quarterly Dividend
- Quarterly Dividend Announcement: Northeast Community Bancorp (NECB) declares a quarterly dividend of $0.20 per share, consistent with previous distributions, reflecting the company's stable cash flow and profitability, which enhances investor confidence.
- Yield Performance: The forward yield of 3.44% for this dividend is attractive in the current market environment, potentially drawing in more investors seeking stable income, thereby increasing shareholder value.
- Payment Schedule: The dividend will be payable on May 5, with a record date of April 6 and an ex-dividend date also on April 6, ensuring shareholders receive their earnings promptly and strengthening the trust relationship between the company and its investors.
- Company Outlook: Following a strong start to 2026, Northeast Community Bancorp is still viewed as a fantastic firm to bank on, attracting market attention for its valuation and indicating potential growth opportunities ahead.
See More
NorthEast Community Bancorp Announces Annual Meeting Date
- Annual Meeting Announcement: NorthEast Community Bank has announced that its annual stockholders' meeting will take place on May 21, 2026, aimed at enhancing communication and interaction with shareholders to ensure transparency and effective corporate governance.
- Company Overview: Headquartered in White Plains, New York, NorthEast Community Bank operates 11 branch offices across several counties in New York and Massachusetts, demonstrating its extensive presence in the regional financial services market.
- Forward-Looking Statements: The announcement includes forward-looking statements regarding anticipated future events, highlighting potential impacts from market interest rates, economic conditions, and the COVID-19 pandemic on the bank's operations, reflecting the company's focus on risk management.
- Contact Information: CEO Kenneth A. Martinek provided a contact number, further enhancing investor relations and demonstrating the company's commitment to shareholder engagement.
See More
