NorthEast Community Bancorp, Inc. Reports Results for the Three and Nine Months Ended September 30, 2026
NorthEast Community Bancorp reported Q3 2026 net income of $10.7 million ($0.79 diluted EPS), down about 10% from $11.9 million ($0.87) a year earlier. Net interest margin compressed 29bps to 5.09% on Fed rate cuts, while total assets grew 7.4% YTD to $2.2 billion on 8.6% loan growth driven by construction lending, up 18.2% YoY in commitments. Asset quality deteriorated: non-performing assets jumped from zero to $17.4 million (one construction loan of $13.9M and two C&I loans in foreclosure), though management expects no loss given collateral coverage.
Key figures
- Eps
- 0.79
- Revenue
- $26.1 million (Q3 net interest income)
- Roaa q3
- 2.00%
- Total assets
- $2.2 billion
- Q3 net income
- 10672000
- Loan growth ytd
- 8.6%
- Q3 2025 net income
- 11865000
- Efficiency ratio q3
- 41.50%
- Fraud charge offs q3
- $729,000
- Tier1 leverage ratio
- 16.79%
- Unfunded commitments
- $763 million
- Nine month net income
- 30419000
- Non performing assets
- $17.4 million
- Total deposits growth
- 12.5%
- Net interest margin q3
- 5.09%
- Q3 diluted eps prior year
- 0.87
- Net interest margin prior year q3
- 5.38%
- Construction commitment growth yoy
- 18.2%
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