NorthEast Community Bancorp, Inc. Reports Results for the Three and Nine Months Ended September 30, 2026
Key Highlights
- ➤Q3 net income $10.7 million, diluted EPS $0.79, down from $11.9 million and $0.87
- ➤Nine-month net income $30.4 million, diluted EPS $2.25, down from $33.6 million and $2.47
- ➤Net loans increased 8.6% to $2.0 billion, driven by $207.3 million construction-loan growth
- ➤Construction commitments and loans-in-process increased 18.2%, with over $763 million unfunded
- ➤Deposits increased 12.5% to $1.8 billion; borrowings fell to zero
Expert Statements
Kenneth A. Martinek, Chairman of the Board and Chief Executive Officer of NorthEast Community Bancorp, Inc.
“As we close out the third quarter of 2026 and begin the fourth quarter, we are pleased to report continuing growth of our loan portfolio, particularly in our construction loan portfolio.”
Kenneth A. Martinek, Chairman of the Board and Chief Executive Officer of NorthEast Community Bancorp, Inc.
“Focusing on high demand, high growth submarkets in the Bronx, Rockland, Orange, and Sullivan Counties, we continue to grow the portfolio while also providing much needed housing in low- and moderate-income communities.”
Kenneth A. Martinek, Chairman of the Board and Chief Executive Officer of NorthEast Community Bancorp, Inc.
“Demand for construction loans throughout these submarkets continues to demonstrate robust growth and we look forward to continuing our efforts as a responsible corporate citizen to meet this growing demand going forward.”
Kenneth A. Martinek, Chairman of the Board and Chief Executive Officer of NorthEast Community Bancorp, Inc.
“At September 30, 2026, construction loan commitments and loans-in-process outstanding increased by approximately 18.2% as compared to the third quarter of 2025, with over $763 million in total unfunded loan commitments outstanding, and representing a 12.2% increase over the amount of such total commitments outstanding at December 31, 2025.”
WHITE PLAINS, N.Y., Oct. 22, 2026 (GLOBE NEWSWIRE) -- NorthEast Community Bancorp, Inc. (Nasdaq: NECB) (the “Company”), the parent holding company of NorthEast Community Bank (the “Bank”), reported net income of $10.7 million, or $0.81 per basic share and $0.79 per diluted share, for the three months ended September 30, 2026 compared to net income of $11.9 million, or $0.90 per basic share and $0.87 per diluted share, for the three months ended September 30, 2025. In addition, the Company reported net income of $30.4 million, or $2.31 per basic share and $2.25 per diluted share, for the nine months ended September 30, 2026 compared to net income of $33.6 million, or $2.54 per basic share and $2.47 per diluted share, for the nine months ended September 30, 2025.
Kenneth A. Martinek, Chairman of the Board and Chief Executive Officer, stated “As we close out the third quarter of 2026 and begin the fourth quarter, we are pleased to report continuing growth of our loan portfolio, particularly in our construction loan portfolio.”
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