NorthEast Community Bancorp, Inc. Announces Third Stock Repurchase Program
Rhea-AI Summary
NorthEast Community Bancorp (Nasdaq: NECB) announced its third stock repurchase program on December 8, 2025, authorizing the repurchase of up to 1,400,435 shares, representing 10% of currently issued and outstanding common stock.
The company noted its second program (announced May 30, 2023) authorized 1,509,218 shares, of which 1,091,174 shares were repurchased at an average cost of $15.78 per share prior to expiration. The new program allows purchases in open market or privately negotiated transactions and contemplates a Rule 10b5-1 trading plan. Timing and actual repurchases will depend on price, regulatory and corporate requirements, market conditions, and liquidity priorities; the program is discretionary and may be modified or discontinued.
Positive
- Authorization: Buyback up to 1,400,435 shares (10% of outstanding)
- Executed prior program: Repurchased 1,091,174 shares at $15.78 average
- Flexible execution: Permits open-market, private transactions, and 10b5-1 plan
Negative
- Size vs. capital: 10% repurchase may compete with other liquidity priorities
- No purchase obligation: Board may modify or discontinue program without repurchases
News Market Reaction
On the day this news was published, NECB declined 0.18%, reflecting a mild negative market reaction. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $580K from the company's valuation, bringing the market cap to $322M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
While NECB was up 0.34%, key regional bank peers like PKBK, FRST, FDBC, JMSB, and TSBK showed modest declines (from about -0.17% to -2.2%), indicating a stock-specific move rather than a sector-wide trend.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Oct 23 | Q3 2025 earnings | Positive | -1.3% | Strong Q3 profit and asset quality but modestly negative price reaction. |
| Sep 18 | Quarterly dividend | Positive | +2.3% | Announcement of $0.20 quarterly cash dividend and payment timeline. |
| Aug 21 | Special dividend | Positive | -1.3% | Special $0.20 cash dividend declaration on common stock. |
| Jul 24 | Q2 2025 earnings | Positive | -3.0% | Q2 results with strong returns and asset quality despite lower YoY income. |
Recent history shows NECB often trading lower on solid earnings updates, with mixed reactions to shareholder return actions like dividends.
Over the last few months, NECB has combined strong profitability with active capital returns. Q2 and Q3 2025 results highlighted robust ROA and ROE, zero non‑performing loans, and rising equity, yet shares fell after both reports. In contrast, a regular and a special dividend of $0.20 per share each drew mixed price reactions. Today’s new repurchase program continues this pattern of returning capital alongside solid fundamentals.
Market Pulse Summary
This announcement details a third stock repurchase program authorizing up to 1,400,435 shares, or 10% of outstanding common stock, following a prior program that retired over 1.09 million shares at an average of $15.78. It extends NECB’s pattern of returning capital alongside solid recent earnings. Investors may watch execution under the new plan, future regulatory filings, and any changes in dividend policy or insider activity for additional context.
Key Terms
rule 10b5-1 regulatory
AI-generated analysis. Not financial advice.
WHITE PLAINS, N.Y., Dec. 08, 2025 (GLOBE NEWSWIRE) -- NorthEast Community Bancorp, Inc. (Nasdaq: NECB) (the “Company”), the holding company for NorthEast Community Bank, today announced that the Company’s Board of Directors has authorized a third stock repurchase program to acquire up to 1,400,435 shares, or
On May 30, 2023, the Company announced its second stock repurchase program, which authorized the purchase of up to 1,509,218 shares of the Company’s common stock. The Company repurchased 1,091,174 shares, at an average cost of
The new stock repurchase program permits shares to be repurchased in open market transactions or privately negotiated transactions, and pursuant to a trading plan that the Company intends to adopt in accordance with Rule 10b5-1 of the Securities and Exchange Commission.
The timing and actual number of shares repurchased will depend on a variety of factors including price, corporate and regulatory requirements, market conditions, and other corporate liquidity requirements and priorities. The stock repurchase program does not obligate the Company to purchase any particular number of shares, and it may be extended, modified, or discontinued at any time.
About NorthEast Community Bancorp
NorthEast Community Bancorp, headquartered at 325 Hamilton Avenue, White Plains, New York 10601, is the holding company for NorthEast Community Bank, which conducts business through its eleven branch offices located in Bronx, New York, Orange, Rockland, and Sullivan Counties in New York and Essex, Middlesex, and Norfolk Counties in Massachusetts and three loan production offices located in New City, New York, White Plains, New York, and Danvers, Massachusetts. For more information about NorthEast Community Bancorp and NorthEast Community Bank, please visit www.necb.com.
Forward Looking Statement
This press release contains certain forward-looking statements. Forward-looking statements include statements regarding anticipated future events and can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as “believe,” “expect,” “anticipate,” “estimate,” and “intend” or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.” These statements are based upon the current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements as a result of numerous factors. Factors that could cause actual results to differ materially from expected results include, but are not limited to, changes in market interest rates, regional and national economic conditions (including higher inflation or recessionary conditions and their impact on regional and national economic conditions), legislative and regulatory changes, monetary and fiscal policies of the United States government, including policies of the United States Treasury and the Federal Reserve Board, the impacts of tariffs, sanctions and other trade policies of the United States and its global trading counterparts, the impact of changing political conditions or federal government shutdowns, the quality and composition of the loan or investment portfolios, demand for loan products, decreases in deposit levels necessitating increased borrowing to fund loans and securities, competition, demand for financial services in NorthEast Community Bank’s market area, changes in the real estate market values in NorthEast Community Bank’s market area, the impact of failures or disruptions in or breaches of the Company’s operational or security systems, data or infrastructure, or those of third parties, including as a result of cyberattacks or campaigns, and changes in relevant accounting principles and guidelines. Additionally, other risks and uncertainties may be described in our annual and quarterly reports filed with the U.S. Securities and Exchange Commission (the “SEC”), which are available through the SEC’s website located at www.sec.gov. These risks and uncertainties should be considered in evaluating any forward-looking statements and undue reliance should not be placed on such statements. Except as required by applicable law or regulation, the Company does not undertake, and specifically disclaims any obligation, to release publicly the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of the statements or to reflect the occurrence of anticipated or unanticipated events.
| CONTACT: | Kenneth A. Martinek |
| Chairman and Chief Executive Officer | |
| PHONE: | (914) 684-2500 |
FAQ
What did NorthEast Community Bancorp (NECB) announce on December 8, 2025 about share repurchases?
How many shares did NECB repurchase under the second program announced May 30, 2023?
How will NECB execute the December 2025 buyback program?
Does the NECB repurchase program obligate the company to buy shares?
What factors will affect the timing and size of NECB repurchases in 2025–2026?
