Northeast Community Bancorp Inc logo

NECBNortheast Community Bancorp Inc

NASDAQ · Financial Services · Banks - Regional

$26.84

+$0.64 (+2.42%)

Northeast Community Bancorp Inc (NECB) is a banks - regional company listed on NASDAQ. It is led by Kenneth A. Martinek, based in 325 Hamilton Avenue, White Plains, NY, United States, 10601, with about 136 employees. Northeast Community Bancorp, Inc. operates as the holding company for NorthEast Community Bank that provides financial services for individuals and businesses. It accepts various deposits, including checking accounts, money market accounts, regular savings accounts, and non-interest bearing demand accounts, as well as certificates of deposits. 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 state and municipal governments. Further, the company offers life insurance products and fixed rate annuities. It operates full service branches located in Bronx, New York, Orange, Rockland, and Sullivan Counties in New York, Essex, Middlesex, and Norfolk Counties in Massachusetts; and loan production offices located in White Plains, New York, and New City counties in New York, Danvers, and Massachusetts. Northeast Community Bancorp, Inc. was founded in 1934 and is headquartered in White Plains, New York.

Net income was $33.6M. NECB currently screens at market cap $314.1M and trailing P/E 7.2.

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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 deposits, including checking accounts, money market accounts, regular savings accounts, and non-interest bearing demand accounts, as well as certificates of deposits. 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 state and municipal governments. Further, the company offers life insurance products and fixed rate annuities. It operates full service branches located in Bronx, New York, Orange, Rockland, and Sullivan Counties in New York, Essex, Middlesex, and Norfolk Counties in Massachusetts; and loan production offices located in White Plains, New York, and New City counties in New York, Danvers, and Massachusetts. Northeast Community Bancorp, Inc. was founded in 1934 and is headquartered in White Plains, New York.

NECB Key Statistics

Market Cap

$314.12M

Volume

27,377

Previous Close

$26.49

Day Range

$26.20$26.52

P/E Ratio

7.17

0

EPS

$3.52

Revenue

$0.00

Net Income

$47.07M

Gross Profit

$0.00

Free Cash Flow

$0.00

Dividend Yield

3.44%

Employees

136

NECB Financials

Annual income statement in USD. Latest reported periods first.

NECB annual income statement across FY2024, FY2023, FY2022, FY2021
LineFY2024FY2023FY2022FY2021
Revenue$0.00$0.00$0.00$0.00
Cost of Revenue$0.00$0.00$0.00$0.00
Gross Profit$0.00$0.00$0.00$0.00
Operating Income$0.00$0.00$0.00$0.00
Net Income$47.07M$46.28M$24.84M$11.90M
EPS (Diluted)$3.52$3.32$1.58$0.75

Total Assets

$2.01B

Total Debt

$0.00

Shareholders' Equity

$0.00

Cash & Equivalents

$78.26M

Operating Cash Flow

$48.69M

Free Cash Flow

$0.00

Northeast Community Bancorp Inc Company Information

Chairman & CEO
Kenneth A. Martinek
Headquarters
325 Hamilton Avenue, White Plains, NY, United States, 10601
Phone
914 684 2500
IPO / Founded
2006-07-06
Industry
Banks - Regional
Data Updated:

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