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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 |
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NorthEast Community Bancorp (NECB) Hikes Dividend by 66.7%
NorthEast Community Bancorp (NECB) rewards shareholders with a 66.7% increase in quarterly cash dividend. This, along with the share repurchase plan, will keep enhancing shareholder value.
NorthEast Community Bancorp, Inc. Announces Increased Quarterly Cash Dividend
WHITE PLAINS, N.Y., March 21, 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 (NECB) Upgraded to Buy: Here's What You Should Know
Northeast Community Bancorp (NECB) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
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 Date of 2024 Annual Meeting of Stockholders
WHITE PLAINS, N.Y., Feb. 22, 2024 (GLOBE NEWSWIRE) -- NorthEast Community Bancorp, Inc. (Nasdaq: NECB) (the “Company”), the holding company for NorthEast Community Bank, today announced that its annual meeting of stockholders will be held on Thursday, May 23, 2024.
Bank Buzz: Northeast Community Bancorp Offers An Attractive Valuation And Upside
Our strategy is to invest in banks trading below TBV with overcapitalized balance sheets, solid asset quality, and shareholder-friendly management teams. We highlight a few potential ideas, including NECB and HONE. NECB trades at 84% of tangible book value and...
Northeast Community Bancorp (NECB) Q4 Earnings and Revenues Top Estimates
Northeast Community Bancorp (NECB) came out with quarterly earnings of $0.82 per share, beating the Zacks Consensus Estimate of $0.79 per share. This compares to earnings of $0.54 per share a year ago.
Source: https://incomestatements.info
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