Northeast Community Bancorp, Inc. (NECB)

NECB Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	152.19	153.9	127.49	69.99	47.9	48.2
Interest Income on Investments	5.71	6.11	5	2.01	0.51	0.78
Total Interest Income	157.9	160.01	132.49	72	48.4	48.98
Interest Paid on Deposits	55.78	55.62	34.18	7.54	4.36	9.25
Interest Paid on Borrowings	1.2	1.6	1.12	0.58	0.74	0.72
Total Interest Expense	56.98	57.22	35.3	8.13	5.1	9.98
Net Interest Income	100.92	102.79	97.19	63.88	43.3	39
Net Interest Income Growth (YoY)	-0.61%	5.76%	52.16%	47.51%	11.03%	0.56%
Gain (Loss) on Sale of Assets	0.02	0.02	-0.16	0.1	0.01	-0.06
Gain (Loss) on Sale of Investments	0.34	-0.11	0.29	-1.57	-0.39	0.29
Other Non-Interest Income	3.23	2.87	3.47	3.16	2.74	2.29
Total Non-Interest Income	3.59	2.78	3.61	1.68	2.35	2.51
Non-Interest Income Growth (YoY)	30.34%	-22.80%	114.20%	-28.51%	-6.33%	-10.85%
Revenues Before Loan Losses	104.51	105.58	100.8	65.56	45.66	41.51
Provision for Loan Losses	1.37	0.74	0.97	0.44	3.61	0.81
Revenue	103.15	104.84	99.82	65.12	42.05	40.7
Revenue Growth (YoY)	-1.13%	5.02%	53.30%	54.87%	3.31%	-0.43%
Salaries and Employee Benefits	18.1	17.12	15.79	14.27	14.07	13.55
Selling, General & Administrative	10.96	10.57	9.43	7	5.83	5.05
Other Non-Interest Expense	10.98	10.65	9.77	8.35	6.49	6.08
Total Non-Interest Expense	41.01	39.06	35.08	30.24	26.47	24.99
EBT Excluding Unusual Items	62.14	65.77	64.74	34.88	15.57	15.71
Pretax Income	62.14	65.77	64.74	34.43	15.57	15.61
Income Tax Expense	17.5	18.7	18.47	9.59	3.67	3.28
Net Income	44.64	47.07	46.28	24.84	11.91	12.33
Net Income to Common	44.64	47.07	46.28	24.84	11.91	12.33
Net Income Growth	-7.23%	1.72%	86.27%	108.68%	-3.44%	-4.82%
Basic Shares Outstanding	13	13	14	15	16	16
Diluted Shares Outstanding	14	13	14	16	16	16
Shares Change (YoY)	1.35%	-4.14%	-11.38%	-0.81%	-1.83%	0.22%
EPS (Basic)	3.39	3.58	3.32	1.61	0.75	0.76
EPS (Diluted)	3.29	3.52	3.32	1.58	0.75	0.76
EPS Growth	-8.46%	6.02%	110.13%	110.41%	-1.20%	-5.45%
Dividend Per Share	0.300	0.500	0.240	0.240	0.210	0.090
Dividend Growth	-6.25%	108.33%	-	14.29%	134.38%	-
Effective Tax Rate	28.16%	28.43%	28.52%	27.84%	23.56%	21.02%

Updated Mar 14, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q