Northeast Community Bancorp, Inc.

NECB

US6641211007

Banks

Market Closed - Nasdaq Other stock markets 04:00:00 2024-05-17 pm EDT			5-day change	1st Jan Change
17.47 ^USD	+0.11%		+3.01%	-1.52%

Apr. 26	Tranche Update on Northeast Community Bancorp, Inc.'s Equity Buyback Plan announced on May 30, 2023.	CI
Apr. 26	Northeast Community Bancorp, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Northeast Community Bancorp, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023

February 05, 2024 at 01:14 pm EST

Northeast Community Bancorp, Inc. reported earnings results for the full year ended December 31, 2023. For the full year, the company reported net interest income was USD 97.19 million compared to USD 63.88 million a year ago. Net income was USD 46.28 million compared to USD 24.84 million a year ago.

Basic earnings per share from continuing operations was USD 3.32 compared to USD 1.61 a year ago. Diluted earnings per share from continuing operations was USD 3.32 compared to USD 1.58 a year ago.

Latest news about Northeast Community Bancorp, Inc.

Tranche Update on Northeast Community Bancorp, Inc.'s Equity Buyback Plan announced on May 30, 2023.	Apr. 26	CI
Northeast Community Bancorp, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 26	CI
Earnings Flash (NECB) NORTHEAST COMMUNITY BANCORP Posts Q1 EPS $0.86	Apr. 25	MT
Northeast Community Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on or About May 6, 2024	Mar. 21	CI
Tranche Update on Northeast Community Bancorp, Inc.'s Equity Buyback Plan announced on May 30, 2023.	Feb. 05	CI
Northeast Community Bancorp, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Feb. 05	CI
Northeast Community Bancorp, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 05	CI
Earnings Flash (NECB) NORTHEAST COMMUNITY BANCORP Posts Q4 EPS $0.82	Feb. 01	MT
Northeast Community Bancorp, Inc. Reports Charge-Offs for the Fourth Quarter Ended December 31, 2023	Feb. 01	CI
NorthEast Community Bancorp Maintains Quarterly Dividend at $0.06 Per Share, Payable Around Feb. 5 to Shareholders on Jan. 3	Dec. 21	MT
NorthEast Community Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on or About February 5, 2024	Dec. 21	CI
Tranche Update on Northeast Community Bancorp, Inc.'s Equity Buyback Plan announced on May 30, 2023.	23-10-30	CI
Northeast Community Bancorp, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	23-10-30	CI
Earnings Flash (NECB) NORTHEAST COMMUNITY BANCORP Posts Q3 EPS $0.80	23-10-27	MT
NorthEast Community Bancorp Keeps Quarterly Dividend at $0.06 per Share, Payable Nov. 8 to Shareholders of Record Oct. 6	23-09-21	MT
Northeast Community Bancorp, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-07-27	CI
Tranche Update on Northeast Community Bancorp, Inc.'s Equity Buyback Plan announced on May 30, 2023.	23-07-26	CI
Northeast Community Bancorp, Inc.(NasdaqCM:NECB) added to Russell Small Cap Comp Value Index	23-06-23	CI
Northeast Community Bancorp, Inc.(NasdaqCM:NECB) added to Russell 3000 Index	23-06-23	CI
Northeast Community Bancorp, Inc.(NasdaqCM:NECB) added to Russell 2000 Value-Defensive Index	23-06-23	CI
Northeast Community Bancorp, Inc.(NasdaqCM:NECB) added to Russell 3000E Index	23-06-23	CI
Northeast Community Bancorp, Inc.(NasdaqCM:NECB) added to Russell Small Cap Completeness Index	23-06-23	CI
Northeast Community Bancorp, Inc.(NasdaqCM:NECB) added to Russell 2500 Index	23-06-23	CI
Northeast Community Bancorp, Inc.(NasdaqCM:NECB) added to Russell 2000 Index	23-06-23	CI
Northeast Community Bancorp, Inc.(NasdaqCM:NECB) added to Russell 3000E Value Index	23-06-23	CI

Chart Northeast Community Bancorp, Inc.

Duration

Period

More charts

Company Profile

NorthEast Community Bancorp, Inc. is the holding company for NorthEast Community Bank (the Bank). The Bankâs 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, loans secured by savings accounts or certificates of deposit (share loans) or statement savings accounts, and overdraft protection for checking accounts. It offers adjustable-rate mortgage loans secured by multifamily and mixed-use real estate. These loans are comprised 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. The Bank offers investment advisory and financial planning services under Harbor West Financial Planning Wealth Management a division of the Company.

Sector

Banks

Calendar

2024-05-23 - Annual General Meeting

Related indices

Russell 2000

More about the company

Income Statement Evolution

More financial data

Ratings for Northeast Community Bancorp, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

17.47 USD

Average target price

18 USD

Spread / Average Target

+3.03%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Banks

	1st Jan change	Capi.
NORTHEAST COMMUNITY BANCORP, INC.	-1.52%	205M
JPMORGAN CHASE & CO.	+20.43%	583B
BANK OF AMERICA CORPORATION	+16.75%	307B
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED	+23.30%	254B
WELLS FARGO & COMPANY	+24.18%	213B
CHINA CONSTRUCTION BANK CORPORATION	+25.81%	191B
BANK OF CHINA LIMITED	+29.53%	172B
HSBC HOLDINGS PLC	+9.68%	164B
ROYAL BANK OF CANADA	+8.46%	150B
COMMONWEALTH BANK OF AUSTRALIA	+8.26%	137B

Other Banks