NorthEast Community Bancorp, Inc./MD/ — Form 8-K
Filed October 23, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 42/100
What the filing says
NorthEast Community Bancorp reported Q3 2026 net income of $10.7M ($0.81 basic EPS) vs. $11.9M ($0.90) in Q3 2025, and 9M 2026 net income of $30.4M ($2.31 EPS) vs. $33.6M ($2.54) in 9M 2025. Asset quality deteriorated: non-performing assets jumped to $17.4M (0.79% of total assets) at Sept 30, 2026 from $0 at Dec 31, 2025, comprising one $13.9M construction loan and two C&I loans totaling $3.5M (all in foreclosure, backed by Bronx real estate). Loan portfolio grew $160M (8.6%) to $2.0B, driven by $207.3M construction loan increase; deposits grew $202.7M (12.5%) to $1.8B; net interest margin compressed 21 bps year-to-date to 5.07% due to 75 bps Fed rate cuts.
Why this rating
EPS decline ~9%, meaningful NPA emergence ($17.4M = 4.7% of equity), margin compression material. Moderate relative to $284.5M market cap; loan growth and strong capital (16.73% equity ratio) partially offset concerns.
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