See more : Vinythai Public Company Limited (VNT-R.BK) Income Statement Analysis – Financial Results
Complete financial analysis of Northeast Community Bancorp, Inc. (NECB) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Northeast Community Bancorp, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.
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Northeast Community Bancorp, Inc. (NECB)
About Northeast Community Bancorp, Inc.
Northeast Community Bancorp, Inc. operates as the holding company for NorthEast Community Bank that provides financial services for individuals and businesses. It accepts various deposit instruments, including checking accounts, money market accounts, regular savings accounts, and non-interest bearing demand accounts. The company also offers construction, commercial and industrial, multifamily and mixed-use real estate, non-residential real estate loans, and consumer loans. In addition, it invests in various types of liquid assets, including U.S. Treasury obligations, municipal securities, deposits at the Federal Home Loan Bank of New York, and certificates of deposit of federally insured institutions, as well as securities of various federal agencies, and of state and municipal governments. Further, the company offers investment advisory and financial planning services; and life insurance products and fixed-rate annuities. It operates seven full-service branches in New York and three full-service branches in Massachusetts; and loan production offices in White Plains and New City, New York, as well as Danvers, Massachusetts. The company was founded in 1934 and is based in White Plains, New York.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 99.82M | 65.46M | 45.65M | 41.57M | 56.15M | 49.96M | 39.50M | 30.28M | 20.07M | 18.39M | 17.35M | 18.85M | 18.87M | 19.85M | 15.78M | 15.19M | 31.45M | 11.47M | 11.08M | 10.81M | 0.00 | 12.30M | 10.65M |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 99.82M | 65.46M | 45.65M | 41.57M | 56.15M | 49.96M | 39.50M | 30.28M | 20.07M | 18.39M | 17.35M | 18.85M | 18.87M | 19.85M | 15.78M | 15.19M | 31.45M | 11.47M | 11.08M | 10.81M | 0.00 | 12.30M | 10.65M |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 0.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 20.41M | 15.55M | 15.00M | 16.44M | 1.60M | 1.20M | 1.18M | 1.06M | 10.95M | 11.11M | 10.50M | 12.32M | 8.41M | 8.39M | 8.13M | 6.70M | 5.19M | 4.60M | 4.14M | 4.20M | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 521.00K | 299.00K | 139.00K | 168.00K | 385.00K | 126.00K | 61.00K | 118.00K | 82.00K | 42.00K | 59.00K | 261.00K | 178.00K | 64.00K | 348.00K | 225.00K | 84.00K | 135.00K | 82.00K | 85.00K | 0.00 | 0.00 | 0.00 |
| SG&A | 20.93M | 15.85M | 15.14M | 16.60M | 17.35M | 16.59M | 14.18M | 12.96M | 11.03M | 11.16M | 10.56M | 12.58M | 8.59M | 8.46M | 8.48M | 6.92M | 5.27M | 4.74M | 4.22M | 4.29M | 0.00 | 0.00 | 0.00 |
| Other Expenses | 0.00 | -10.53M | -45.21M | -42.57M | -8.26M | -7.11M | -6.05M | -4.70M | -23.51M | -23.62M | -23.18M | -32.49M | -18.72M | -17.10M | 4.00K | -10.28M | -9.52M | -9.12M | -8.62M | -9.87M | 2.39M | -2.04M | 799.00K |
| Operating Expenses | 25.22M | 299.00K | -30.08M | -25.96M | 8.26M | 7.11M | 6.05M | 4.70M | -12.48M | -12.47M | -12.62M | -19.91M | -10.14M | -8.64M | 8.49M | -3.36M | -4.25M | -4.38M | -4.41M | -5.58M | 2.39M | -2.04M | 799.00K |
| Cost & Expenses | 25.22M | 299.00K | -30.08M | -25.96M | 39.10M | 32.97M | 25.56M | 22.00M | -12.48M | -12.47M | -12.62M | -19.91M | -10.14M | -8.64M | 8.49M | -3.36M | -4.25M | -4.38M | -4.41M | -5.58M | 2.39M | -2.04M | 799.00K |
| Interest Income | 132.49M | 72.00M | 48.40M | 48.98M | 54.68M | 47.82M | 37.34M | 28.59M | 22.26M | 19.95M | 18.55M | 20.03M | 22.15M | 24.64M | 24.37M | 21.95M | 17.60M | 15.35M | 12.92M | 11.98M | 0.00 | 16.54M | 17.94M |
| Interest Expense | 35.30M | 8.13M | 5.10M | 9.98M | 743.00K | 9.48M | 6.53M | 5.38M | 4.05M | 3.44M | 3.19M | 3.76M | 5.18M | 8.44M | 10.09M | 8.55M | 5.92M | 4.49M | 3.11M | 2.49M | 0.00 | 4.24M | 7.29M |
| Depreciation & Amortization | 0.00 | 1.25M | 1.12M | 1.07M | 916.00K | 818.00K | 813.00K | 759.00K | 721.00K | 755.00K | 817.00K | 741.00K | 712.00K | 833.00K | 762.00K | 650.00K | 589.00K | 112.00K | 664.00K | 658.00K | 0.00 | 0.00 | 0.00 |
| EBITDA | 0.00 | 35.68M | 16.69M | 16.68M | 0.00 | 0.00 | 0.00 | 0.00 | 4.26M | 3.24M | 0.00 | 0.00 | 4.26M | 0.00 | 0.00 | 0.00 | 21.88M | 0.00 | 4.23M | 3.39M | 2.39M | 10.26M | 11.45M |
| EBITDA Ratio | 0.00% | 65.01% | 36.56% | 40.12% | -0.28% | -0.42% | -0.16% | -1.58% | 41.41% | 36.33% | 31.97% | -1.65% | 50.04% | 60.66% | 34.38% | 82.15% | 88.37% | 62.83% | 66.22% | 54.45% | 0.00% | 83.39% | 107.50% |
| Operating Income | 64.90M | 41.31M | 15.57M | 15.61M | 17.09M | 17.02M | 14.59M | 8.62M | 7.59M | 5.93M | 4.73M | -1.05M | 8.73M | 11.21M | 4.66M | 11.83M | 27.21M | 7.10M | 6.67M | 5.23M | 2.39M | 10.26M | 11.45M |
| Operating Income Ratio | 65.01% | 63.11% | 34.12% | 37.55% | 30.43% | 34.08% | 36.94% | 28.48% | 37.82% | 32.23% | 27.26% | -5.58% | 46.27% | 56.46% | 29.55% | 77.88% | 86.50% | 61.85% | 60.23% | 48.36% | 0.00% | 83.39% | 107.50% |
| Total Other Income/Expenses | -156.00K | -9.42M | -6.58M | -6.49M | -6.59M | -6.19M | -4.27M | -4.08M | -4.28M | -4.40M | -4.93M | -3.76M | 10.00K | 1.92M | -5.43M | 0.00 | -589.00K | -5.00K | -19.00K | -136.00K | 0.00 | -8.32M | -5.69M |
| Income Before Tax | 64.74M | 34.43M | 15.57M | 15.61M | 16.93M | 16.81M | 14.53M | 8.15M | 3.54M | 2.48M | 1.54M | -4.82M | 3.55M | 2.77M | -5.43M | 3.28M | 21.29M | 2.60M | 3.56M | 2.74M | 0.00 | 6.02M | 4.16M |
| Income Before Tax Ratio | 64.86% | 52.60% | 34.12% | 37.55% | 30.15% | 33.65% | 36.78% | 26.90% | 17.62% | 13.51% | 8.86% | -25.54% | 18.83% | 13.97% | -34.39% | 21.59% | 67.68% | 22.69% | 32.15% | 25.30% | 0.00% | 48.96% | 39.08% |
| Income Tax Expense | 18.47M | 9.59M | 3.67M | 3.28M | 3.98M | 3.79M | 6.48M | 3.12M | 1.19M | 787.00K | 400.00K | -2.30M | 1.20M | 904.00K | -2.81M | 1.18M | 9.15M | 1.05M | 1.57M | 1.17M | -2.39M | 2.72M | 2.15M |
| Net Income | 46.28M | 24.84M | 11.91M | 12.33M | 12.95M | 13.03M | 8.05M | 5.03M | 2.34M | 1.70M | 1.14M | -2.51M | 2.36M | 1.87M | -2.62M | 2.10M | 12.14M | 1.56M | 1.99M | 1.56M | 2.39M | 3.30M | 2.01M |
| Net Income Ratio | 46.36% | 37.95% | 26.08% | 29.66% | 23.07% | 26.08% | 20.38% | 16.60% | 11.67% | 9.23% | 6.55% | -13.33% | 12.48% | 9.41% | -16.57% | 13.84% | 38.59% | 13.58% | 17.97% | 14.45% | 0.00% | 26.83% | 18.89% |
| EPS | 3.32 | 1.61 | 0.75 | 0.76 | 0.80 | 0.81 | 0.50 | 0.31 | 0.20 | 0.14 | 0.09 | -0.20 | 0.19 | 0.15 | -0.20 | 0.16 | 0.95 | 0.06 | 0.16 | 0.12 | 0.19 | 0.27 | 0.16 |
| EPS Diluted | 3.32 | 1.58 | 0.75 | 0.76 | 0.80 | 0.81 | 0.50 | 0.31 | 0.20 | 0.14 | 0.09 | -0.20 | 0.19 | 0.15 | -0.20 | 0.16 | 0.95 | 0.06 | 0.16 | 0.12 | 0.19 | 0.27 | 0.16 |
| Weighted Avg Shares Out | 13.93M | 15.43M | 15.85M | 16.15M | 16.11M | 16.08M | 16.06M | 16.05M | 11.97M | 12.11M | 12.32M | 12.30M | 12.46M | 12.71M | 12.80M | 12.77M | 12.75M | 12.73M | 12.72M | 12.72M | 12.30M | 12.30M | 12.30M |
| Weighted Avg Shares Out (Dil) | 13.94M | 15.73M | 15.85M | 16.15M | 16.11M | 16.08M | 16.06M | 16.05M | 11.97M | 12.11M | 12.32M | 12.30M | 12.46M | 12.71M | 12.80M | 12.77M | 12.75M | 12.73M | 12.72M | 12.72M | 12.30M | 12.30M | 12.30M |
Northeast Community Bancorp Inc. (NECB) Hits Fresh High: Is There Still Room to Run?
Northeast Community Bancorp (NECB) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Northeast Community Bancorp (NECB) Beats Q2 Earnings and Revenue Estimates
Northeast Community Bancorp (NECB) came out with quarterly earnings of $0.97 per share, beating the Zacks Consensus Estimate of $0.72 per share. This compares to earnings of $0.75 per share a year ago.
NorthEast Community Bancorp, Inc. Reports Results for the Three and Six Months Ended June 30, 2024
WHITE PLAINS, N.Y., July 22, 2024 (GLOBE NEWSWIRE) -- NorthEast Community Bancorp, Inc. (Nasdaq: NECB) (the “Company”), the parent holding company of NorthEast Community Bank (the “Bank”), generated net income of $12.8 million, or $0.98 per basic share and $0.97...
Analysts Estimate Northeast Community Bancorp (NECB) to Report a Decline in Earnings: What to Look Out for
Northeast Community Bancorp (NECB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Are Investors Undervaluing Northeast Community Bancorp (NECB) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong...
NorthEast Community Bancorp, Inc. Announces Quarterly Cash Dividend
WHITE PLAINS, N.Y., June 20, 2024 (GLOBE NEWSWIRE) -- NorthEast Community Bancorp, Inc. (the “Company”) (Nasdaq: NECB) announced today that its Board of Directors has declared a quarterly cash dividend of $0.10 per common share.
Northeast Community Bancorp: A Stellar Prospect For Value Investors
Northeast Community Bancorp is a small bank with a market capitalization of $188 million. The bank has experienced impressive growth in deposits and loans over the past few years. Shares of Northeast Community Bancorp are attractively priced and the bank...
Bank Buzz: Northeast Community Is Executing The 'Thrift Game Plan' Perfectly
Our strategy is to invest in banks trading below tangible book value with overcapitalized balance sheets, solid asset quality, and shareholder-friendly management teams. We recap the earnings season and highlight a few interesting ideas, including PDLB and NBBK. After revisiting...
Is Northeast Community Bancorp (NECB) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong...
NorthEast Community Bancorp, Inc. Reports Results for the Three Months Ended March 31, 2024
WHITE PLAINS, N.Y., April 25, 2024 (GLOBE NEWSWIRE) -- NorthEast Community Bancorp, Inc. (Nasdaq: NECB) (the “Company”), the parent holding company of NorthEast Community Bank (the “Bank”), reported net income of $11.4 million, or $0.87 per basic share and $0.86...
Source: https://incomestatements.info
Category: Stock Reports