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NorthEast Community Bancorp, Inc. reported net income of $9,795 thousand for the three months ended June 30, 2026, down from $11,170 thousand a year earlier, and $19,747 thousand for the first half of 2026 versus $21,737 thousand in 2025. Basic earnings per share were $0.75 for the quarter and $1.50 year-to-date, compared with $0.85 and $1.65, as slightly lower net interest income, higher credit loss provision and reduced non-interest income offset lower funding costs.
Total assets were $2,115,183 thousand at June 30, 2026, with loans of $1,919,908 thousand, driven largely by construction lending and growing exposures in the Bronx, Orange and Rockland Counties. Deposits were $1,536,543 thousand, below year-end levels, while borrowings from the Federal Reserve increased to $190,000 thousand. Asset quality metrics remained strong with no past-due or non-accrual loans and an allowance for credit losses of $4,752 thousand. Regulatory capital ratios at the bank level stayed well above well-capitalized thresholds, including a common equity Tier 1 ratio of 15.05% and a Tier 1 leverage ratio of 17.32%.
NorthEast Community Bancorp executive Casey Ryan Michael filed an initial ownership statement reporting indirect holdings of 6,967 shares of common stock through an ESOP and 1,050 shares of common stock as Stock Awards under the company’s 2022 Equity Incentive Plan, which vest on November 15, 2026.
NorthEast Community Bancorp EVP and CFO Donald S. Hom reported selling 3,000 shares of common stock on July 29, 2026 at an average price of $27.1978 per share. After the sale, he directly owns 4,714 shares, plus indirect ESOP, IRA and stock-award holdings and stock options for 82,164 shares at a $14.08 exercise price vesting annually under the 2022 Equity Incentive Plan. The sale was not reported as made under a Rule 10b5-1 trading plan.
NorthEast Community Bancorp, Inc. reported net income of $9.8 million ($0.75 basic EPS) for Q2 2026, down from $11.2 million ($0.85 basic) a year earlier. For the first six months of 2026, net income was $19.7 million versus $21.7 million in the prior-year period. Net interest income was modestly lower and net interest margin narrowed to 5.14% for Q2, reflecting lower yields on interest-earning assets after Federal Funds rate cuts.
Total assets reached $2.1 billion, driven by loan growth to $1.9 billion, led by construction loans. Construction loan commitments and loans-in-process were up 38.9% year over year, with over $883 million in unfunded commitments. Deposits fell to $1.5 billion as higher-cost brokered and listing-service CDs were reduced, while borrowings increased to $190.0 million as funding shifted. Asset quality remained very strong with no non-performing assets, and the bank’s tier 1 leverage ratio was 17.32%. Under its third stock repurchase program, the company authorized buybacks of 1,400,435 shares and had repurchased 239,894 shares for $5.6 million by June 30, 2026.
Magier Eugene M reported disposition transactions in this Form 4 filing.
NorthEast Community Bancorp director Eugene M. Magier reported a restructuring of his holdings. On July 15, 2026 he transferred 13,154 common shares to his ex-spouse under a court approved separation agreement and will no longer report any securities she owns as beneficially owned. He still reports 5,792 stock awards and stock options for 28,961 shares at $12.40, expiring September 30, 2032, with stock awards vesting in five equal annual installments and options in five approximately equal annual installments, each commencing September 30, 2023.
NorthEast Community Bancorp, Inc. held its annual stockholder meeting on May 21, 2026, where stockholders approved the company’s 2026 Equity Incentive Plan. The plan’s key terms are described in the definitive proxy statement filed on April 10, 2026, and the full plan appears as Appendix A to that proxy.
At the same meeting, stockholders elected directors including Lynette Bennett, Jose M. Collazo, John F. McKenzie, and Joel L. Morgenthau, with several million shares voted “for” each nominee and broker non-votes recorded. Additional proposals received strong “for” support, with detailed vote counts for for, against, abstain, and broker non-votes reported.
NorthEast Community Bancorp, Inc. reported Q1 2026 net income of $9.95 million, down from $10.57 million a year earlier, with diluted EPS of $0.74 versus $0.78. Net interest income was stable at $24.13 million, but non-interest income fell to $0.8 million from $1.24 million, mainly on an unrealized loss in equity securities.
Total assets were $2.03 billion, down 1.9% from year-end, as net loans declined $31.8 million to $1.82 billion and cash and cash equivalents fell $5.0 million to $76.2 million. Deposits edged up to $1.63 billion, while borrowings from the Federal Reserve Bank of New York dropped from $70.0 million to $20.0 million, reducing interest expense.
Asset quality remained strong with no non‑accrual loans and a loan allowance of $4.59 million, slightly lower than year-end, and only $2.49 million of construction loans past due 30–59 days. The Bank’s regulatory capital ratios stayed high, including a total risk-based capital ratio of 15.73% and a common equity tier 1 ratio of 15.47%, well above well‑capitalized thresholds.
NorthEast Community Bancorp reported Q1 2026 results with net income of $10.0 million, or $0.76 per basic share and $0.74 per diluted share, down from $10.6 million a year earlier. Net interest income was $24.1 million, slightly below $24.3 million in Q1 2025, as a lower yield on interest-earning assets more than offset reduced funding costs. The net interest margin slipped to 4.99% from 5.11%.
Total assets were $2.0 billion at March 31, 2026, down from $2.1 billion at year-end, reflecting lower loans and cash, while deposits edged up to $1.6 billion and borrowings fell to $20.0 million. Asset quality remained very strong with no non-performing assets and an allowance for credit losses on loans of $4.6 million, or 0.25% of total loans. Capital stayed high, with a stockholders’ equity-to-assets ratio of 17.59% and the bank classified as well-capitalized. Construction lending remained a focus, with construction loan commitments and loans-in-process up about 37.8% year over year and total unfunded commitments exceeding $819 million.