ECB Bancorp, Inc. filings document the public-company disclosures of a Maryland bank holding company and its wholly owned subsidiary, Everett Co-operative Bank. Form 8-K reports include quarterly and annual financial results, net interest and dividend income, earnings, and material operating events for the bank, including branch-application disclosures.
Proxy materials cover annual meeting procedures, director elections, auditor ratification, stockholder voting, board governance, and common stock voting matters. The filings also frame the company’s deposit-funded banking model and real estate lending categories, including residential, commercial, multifamily, construction and land loans, and home equity lines of credit.
ECB Bancorp, Inc. (ECBK) reported net income of $3.391 million, or $0.40 per diluted share, for the quarter ended September 30, 2026. Net income was $3.261 million in the prior quarter and $2.439 million a year earlier; diluted earnings per share were $0.39 and $0.29, respectively.
Net interest and dividend income was $10.790 million, up 7.5% from the prior quarter and 27.6% from a year earlier. Net interest margin was 2.56%, compared with 2.45% in Q2 2026. Total gross loans rose $55.5 million, or 3.9%, to $1.46 billion. Total deposits increased $18.3 million; deposits excluding brokered deposits rose $63.2 million while brokered deposits declined $45.0 million.
At September 30, 2026, total assets were $1.69 billion and non-performing assets were 0.08% of total assets. Noninterest expense rose 8.0% from the prior quarter to $6.275 million. The Medford branch opened October 13, 2026, as the company's fourth full-service location.
ECB Bancorp, Inc. (ECBK) director Matthew J. Cushing reported a direct holding of 0 shares of Common Stock on September 16, 2026.
ECB Bancorp, Inc. (ECBK) reported that on September 16, 2026 its Board of Directors, together with the board of its wholly owned subsidiary Everett Co-operative Bank, appointed Matthew J. Cushing to serve as a director of both entities. His term will run until ECB Bancorp’s 2027 annual meeting of shareholders. In this role, Mr. Cushing will participate in the company’s non-employee director compensation program described in the 2026 annual meeting proxy statement. He has also been appointed to the Audit Committee of the company’s and bank’s boards. The company states there are no arrangements or understandings with any person regarding his selection as a director and that there have been no transactions involving him requiring disclosure under Item 404(a) of Regulation S-K.
ECB Bancorp, Inc. reported Q2 2026 net income of $3,261 thousand, up from $1,440 thousand a year earlier, with diluted EPS of $0.39 versus $0.17. Net interest and dividend income rose to $10,035 thousand, while the total provision for credit losses was $61 thousand.
Total assets reached $1,671,515 thousand as of June 30, 2026, with loans, net, of $1,393,194 thousand and deposits of $1,192,702 thousand. Non-accrual loans totaled $1,455 thousand, and the allowance for credit losses on loans was $10,238 thousand. The bank remained well capitalized, with a total risk-based capital ratio of 14.90% and Common Equity Tier 1 ratio of 13.94%.
ECB Bancorp, Inc. reported net income of $3.3 million, or $0.39 per diluted share, for the quarter ended June 30, 2026, compared with $3.1 million, or $0.38 per diluted share, in the prior quarter. Management highlighted year-over-year earnings growth of 126.5% versus Q2 2025.
Net interest and dividend income before provision for credit losses was $10.0 million, up from $9.8 million in Q1 2026, while the net interest margin was 2.45% versus 2.49% in the prior quarter and 2.08% a year earlier. The efficiency ratio improved to 56.21% from 62.13% in Q2 2025. Noninterest income was $304,000 and noninterest expense was $5.8 million, with higher advertising tied to a new marketing firm and lower professional fees.
Total assets were $1.67 billion and total loans $1.40 billion at June 30, 2026. Total deposits were $1.19 billion, down 0.6% from March 31, 2026, though deposits excluding brokered deposits increased $18.3 million. Asset quality remained strong, with non-performing assets at 0.09% of total assets, net charge-offs of $2,000, and an allowance for credit losses of 0.73% of loans. Book value per share rose to $20.56, and bank-level total risk-based capital was 14.90%.
ECB Bancorp, Inc. held its annual stockholders meeting on May 20, 2026. Stockholders elected Joseph Sachetta and Susan Sgroi to the board of directors for three-year terms, with 4,030,944 and 3,931,127 votes “for,” respectively, and over 1 million votes “withheld” for each nominee.
There were 1,879,363 broker non-votes on the director elections. Stockholders also ratified Wolf & Company, P.C. as the independent registered public accounting firm for the fiscal year ending December 31, 2026, with 6,952,190 votes “for,” 2,050 “against,” and 16,656 “abstain” and no broker non-votes.
ECB Bancorp, Inc. reported stronger results for the quarter ended March 31, 2026. Net income rose to $3.1 million from $1.3 million a year earlier, and diluted earnings per share increased to $0.38 from $0.16. Net interest and dividend income grew to $9.8 million from $6.6 million, as interest and fee income on loans climbed while funding costs also increased.
Total assets reached $1.65 billion at March 31, 2026, up from $1.61 billion at year-end, driven by loan growth to $1.40 billion and higher cash and short-term investments. Deposits rose to $1.20 billion, with time deposits expanding notably, and Federal Home Loan Bank advances declined.
Credit quality remained solid, with non-accrual loans of about $1.2 million and an allowance for credit losses on loans of $10.4 million. The bank stayed well capitalized, posting a total risk-based capital ratio of 14.55% and a Tier 1 leverage ratio of 9.83%. Derivative cash flow hedges on borrowings helped manage interest rate risk and contributed to a swing to positive other comprehensive income.
ECB Bancorp, Inc. CFO Brandon Lavertu reported small open-market purchases of company stock. On April 30, 2026, he bought a total of 40 shares of Common Stock in four open-market trades at prices between $17.85 and $17.92 per share. After these transactions, he directly holds 32,423 Common shares.
He also has indirect ownership of 3,334 shares by ESOP, 15,000 shares by spouse, 15,517 shares by Roth IRA, and 47,005 shares by IRA. In addition, he holds stock options over 74,888 shares with a $10.12 exercise price expiring on October 31, 2033, which vest at 20% per year starting October 31, 2024.
ECB Bancorp, Inc., holding company for Everett Co-operative Bank, reported a strong first quarter of 2026. Net income rose to $3.1 million, or $0.38 per diluted share, up from $2.6 million, or $0.31, in the prior quarter and $1.3 million, or $0.16, a year earlier.
Net interest and dividend income increased to $9.8 million, helped by higher loan balances and yields and a lower average cost of interest-bearing liabilities. The net interest margin expanded to 2.49% from 2.32% in Q4 2025. Noninterest expense edged down, improving the efficiency ratio to 56.54% from 60.80%.
The balance sheet continued to grow, with total assets at $1.65 billion, loans at $1.40 billion, and deposits at $1.20 billion as of March 31, 2026. Asset quality remained solid: nonperforming assets were 0.07% of total assets, and the allowance for credit losses was $10.4 million, or 0.74% of total loans. Book value per share increased to $20.05, reflecting earnings and improved other comprehensive income.