Annual Income Statements for Northeast Community Bancorp
This table shows Northeast Community Bancorp's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for Northeast Community Bancorp
This table shows Northeast Community Bancorp's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Income / (Loss) Attributable to Common Shareholders |
|
7.54 |
8.26 |
11 |
11 |
12 |
12 |
11 |
13 |
13 |
10 |
Consolidated Net Income / (Loss) |
|
7.54 |
8.26 |
11 |
11 |
12 |
12 |
11 |
13 |
13 |
10 |
Net Income / (Loss) Continuing Operations |
|
7.54 |
8.26 |
11 |
11 |
12 |
12 |
11 |
13 |
13 |
10 |
Total Pre-Tax Income |
|
9.95 |
13 |
16 |
16 |
16 |
17 |
16 |
18 |
18 |
14 |
Total Revenue |
|
18 |
22 |
24 |
25 |
25 |
27 |
26 |
27 |
28 |
25 |
Net Interest Income / (Expense) |
|
17 |
21 |
23 |
24 |
25 |
25 |
25 |
26 |
26 |
25 |
Total Interest Income |
|
19 |
25 |
29 |
32 |
35 |
37 |
38 |
40 |
41 |
40 |
Loans and Leases Interest Income |
|
19 |
24 |
28 |
30 |
34 |
36 |
37 |
39 |
39 |
39 |
Investment Securities Interest Income |
|
0.20 |
0.22 |
0.23 |
0.22 |
0.20 |
0.21 |
0.22 |
0.22 |
0.23 |
0.25 |
Deposits and Money Market Investments Interest Income |
|
0.41 |
0.54 |
0.70 |
1.00 |
1.18 |
1.26 |
1.20 |
1.39 |
1.47 |
1.15 |
Total Interest Expense |
|
1.92 |
3.56 |
5.67 |
7.70 |
10 |
12 |
13 |
14 |
15 |
15 |
Deposits Interest Expense |
|
1.79 |
3.42 |
5.55 |
7.61 |
9.89 |
11 |
12 |
13 |
15 |
15 |
Long-Term Debt Interest Expense |
|
0.13 |
0.13 |
0.11 |
0.08 |
0.11 |
0.78 |
0.73 |
0.57 |
0.26 |
0.01 |
Total Non-Interest Income |
|
0.31 |
0.78 |
1.12 |
1.02 |
0.22 |
1.39 |
0.55 |
0.73 |
1.35 |
0.15 |
Other Service Charges |
|
0.57 |
0.45 |
0.62 |
0.48 |
0.38 |
0.51 |
0.48 |
0.59 |
0.64 |
0.51 |
Net Realized & Unrealized Capital Gains on Investments |
|
-0.52 |
0.06 |
0.23 |
-0.12 |
-0.43 |
0.60 |
-0.08 |
-0.02 |
0.55 |
-0.53 |
Other Non-Interest Income |
|
0.15 |
0.15 |
0.15 |
0.54 |
0.15 |
0.17 |
0.16 |
0.16 |
0.16 |
0.18 |
Provision for Credit Losses |
|
0.00 |
0.44 |
0.00 |
0.61 |
0.16 |
0.21 |
-0.17 |
-0.23 |
0.11 |
1.03 |
Total Non-Interest Expense |
|
7.82 |
8.64 |
8.19 |
8.88 |
8.92 |
9.23 |
9.68 |
9.50 |
9.96 |
9.92 |
Salaries and Employee Benefits |
|
3.98 |
4.13 |
4.54 |
4.84 |
4.70 |
4.76 |
5.35 |
5.25 |
5.14 |
5.20 |
Net Occupancy & Equipment Expense |
|
1.33 |
1.45 |
1.49 |
1.46 |
1.43 |
1.49 |
1.60 |
1.50 |
1.60 |
1.62 |
Marketing Expense |
|
0.08 |
0.12 |
0.05 |
0.24 |
0.13 |
0.10 |
0.09 |
0.09 |
0.13 |
0.11 |
Other Operating Expenses |
|
2.44 |
2.50 |
2.11 |
2.35 |
2.66 |
2.75 |
2.65 |
2.65 |
3.10 |
2.99 |
Income Tax Expense |
|
2.40 |
4.39 |
4.52 |
4.46 |
4.44 |
5.05 |
4.65 |
4.88 |
4.88 |
4.28 |
Basic Earnings per Share |
|
$0.49 |
$0.54 |
$0.77 |
$0.75 |
$0.80 |
$1.00 |
$0.87 |
$0.98 |
$0.97 |
$0.76 |
Weighted Average Basic Shares Outstanding |
|
15.54M |
15.43M |
14.65M |
14.70M |
14.74M |
13.93M |
13.12M |
13.08M |
13.08M |
13.14M |
Diluted Earnings per Share |
|
$0.49 |
$0.74 |
$0.77 |
$0.75 |
$0.80 |
$1.00 |
$0.86 |
$0.97 |
$0.95 |
$0.74 |
Weighted Average Diluted Shares Outstanding |
|
15.54M |
15.73M |
14.70M |
14.73M |
14.82M |
13.94M |
13.19M |
13.18M |
13.42M |
13.36M |
Weighted Average Basic & Diluted Shares Outstanding |
|
16.12M |
15.43M |
15.09M |
14.97M |
14.20M |
14.07M |
14.03M |
14.02M |
14.02M |
14.02M |
Annual Cash Flow Statements for Northeast Community Bancorp
This table details how cash moves in and out of Northeast Community Bancorp's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
-57 |
-27 |
9.59 |
Net Cash From Operating Activities |
28 |
43 |
49 |
Net Cash From Continuing Operating Activities |
28 |
43 |
49 |
Net Income / (Loss) Continuing Operations |
25 |
46 |
47 |
Consolidated Net Income / (Loss) |
25 |
46 |
47 |
Provision For Loan Losses |
0.44 |
0.97 |
0.74 |
Depreciation Expense |
1.25 |
1.22 |
1.19 |
Amortization Expense |
0.54 |
0.24 |
-0.14 |
Non-Cash Adjustments to Reconcile Net Income |
1.84 |
1.53 |
3.48 |
Changes in Operating Assets and Liabilities, net |
-1.36 |
-7.40 |
-3.65 |
Net Cash From Investing Activities |
-257 |
-358 |
-234 |
Net Cash From Continuing Investing Activities |
-257 |
-358 |
-234 |
Purchase of Property, Leasehold Improvements and Equipment |
-3.30 |
-0.63 |
-0.52 |
Purchase of Investment Securities |
-268 |
-400 |
-247 |
Sale and/or Maturity of Investments |
15 |
43 |
14 |
Net Cash From Financing Activities |
172 |
288 |
195 |
Net Cash From Continuing Financing Activities |
172 |
288 |
195 |
Net Change in Deposits |
195 |
278 |
270 |
Issuance of Debt |
0.00 |
50 |
0.00 |
Repayment of Debt |
-7.00 |
-7.00 |
-64 |
Repurchase of Common Equity |
-9.32 |
-29 |
-3.20 |
Payment of Dividends |
-6.87 |
-3.65 |
-7.86 |
Other Financing Activities, Net |
0.49 |
-0.35 |
-0.39 |
Cash Interest Paid |
8.01 |
35 |
57 |
Cash Income Taxes Paid |
9.20 |
21 |
22 |
Quarterly Cash Flow Statements for Northeast Community Bancorp
This table details how cash moves in and out of Northeast Community Bancorp's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Change in Cash & Equivalents |
|
-31 |
40 |
-18 |
43 |
-13 |
-38 |
39 |
6.44 |
-16 |
-20 |
Net Cash From Operating Activities |
|
7.17 |
13 |
11 |
7.00 |
13 |
12 |
13 |
11 |
14 |
10 |
Net Cash From Continuing Operating Activities |
|
7.17 |
13 |
11 |
7.00 |
13 |
12 |
13 |
11 |
14 |
10 |
Net Income / (Loss) Continuing Operations |
|
7.54 |
8.26 |
11 |
11 |
12 |
12 |
11 |
13 |
13 |
10 |
Consolidated Net Income / (Loss) |
|
7.54 |
8.26 |
11 |
11 |
12 |
12 |
11 |
13 |
13 |
10 |
Provision For Loan Losses |
|
- |
0.44 |
0.00 |
0.61 |
0.16 |
0.21 |
-0.17 |
-0.23 |
0.11 |
1.03 |
Depreciation Expense |
|
0.29 |
0.35 |
0.32 |
0.32 |
0.29 |
0.30 |
0.30 |
0.30 |
0.29 |
0.30 |
Amortization Expense |
|
0.13 |
0.14 |
0.13 |
0.08 |
0.04 |
-0.01 |
0.02 |
-0.08 |
-0.07 |
-0.01 |
Non-Cash Adjustments to Reconcile Net Income |
|
0.38 |
1.02 |
0.30 |
0.30 |
0.31 |
0.63 |
0.62 |
0.44 |
0.49 |
1.93 |
Changes in Operating Assets and Liabilities, net |
|
-1.17 |
2.88 |
-1.04 |
-5.40 |
0.29 |
-1.26 |
0.76 |
-2.11 |
0.93 |
-3.23 |
Net Cash From Investing Activities |
|
-94 |
-100 |
-99 |
-65 |
-116 |
-78 |
-67 |
-53 |
-54 |
-59 |
Net Cash From Continuing Investing Activities |
|
-94 |
-100 |
-99 |
-65 |
-116 |
-78 |
-67 |
-53 |
-54 |
-59 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-0.38 |
-0.07 |
-0.10 |
-0.12 |
-0.16 |
-0.25 |
-0.07 |
-0.13 |
-0.18 |
-0.14 |
Purchase of Investment Securities |
|
-96 |
-109 |
-103 |
-100 |
-117 |
-81 |
-71 |
-54 |
-64 |
-58 |
Sale and/or Maturity of Investments |
|
2.93 |
8.88 |
3.85 |
35 |
0.45 |
3.96 |
3.55 |
0.35 |
10 |
-0.45 |
Net Cash From Financing Activities |
|
55 |
127 |
69 |
101 |
90 |
28 |
93 |
49 |
23 |
30 |
Net Cash From Continuing Financing Activities |
|
55 |
127 |
69 |
101 |
90 |
28 |
93 |
49 |
23 |
30 |
Net Change in Deposits |
|
59 |
134 |
86 |
107 |
50 |
34 |
112 |
52 |
64 |
42 |
Issuance of Debt |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
50 |
Repayment of Debt |
|
- |
- |
-7.00 |
- |
- |
- |
-17 |
- |
10 |
-57 |
Repurchase of Common Equity |
|
-3.20 |
-6.12 |
-11 |
-3.92 |
-8.95 |
-5.32 |
-1.25 |
-1.22 |
- |
-0.73 |
Payment of Dividends |
|
-0.98 |
-0.97 |
-0.97 |
-0.91 |
-0.90 |
-0.87 |
-0.85 |
-1.41 |
-1.40 |
-4.21 |
Other Financing Activities, Net |
|
0.56 |
0.07 |
1.38 |
-1.60 |
0.36 |
-0.49 |
0.34 |
-0.44 |
0.56 |
-0.84 |
Cash Interest Paid |
|
1.90 |
3.52 |
5.62 |
7.61 |
9.87 |
12 |
13 |
14 |
15 |
15 |
Cash Income Taxes Paid |
|
2.85 |
3.71 |
0.37 |
11 |
5.46 |
4.33 |
4.02 |
4.83 |
5.25 |
8.02 |
Annual Balance Sheets for Northeast Community Bancorp
This table presents Northeast Community Bancorp's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
2022 |
2023 |
2024 |
Total Assets |
1,425 |
1,764 |
2,010 |
Cash and Due from Banks |
13 |
13 |
14 |
Interest Bearing Deposits at Other Banks |
82 |
55 |
65 |
Time Deposits Placed and Other Short-Term Investments |
0.10 |
0.10 |
0.10 |
Trading Account Securities |
44 |
18 |
22 |
Loans and Leases, Net of Allowance |
2,424 |
-4.92 |
-4.88 |
Loans and Leases |
2,435 |
0.18 |
-0.05 |
Allowance for Loan and Lease Losses |
11 |
5.09 |
4.83 |
Premises and Equipment, Net |
26 |
25 |
25 |
Other Assets |
47 |
1,657 |
1,889 |
Total Liabilities & Shareholders' Equity |
1,425 |
1,764 |
2,010 |
Total Liabilities |
1,163 |
1,485 |
1,691 |
Non-Interest Bearing Deposits |
376 |
300 |
287 |
Interest Bearing Deposits |
748 |
1,102 |
1,385 |
Long-Term Debt |
21 |
64 |
0.00 |
Other Long-Term Liabilities |
18 |
19 |
19 |
Total Equity & Noncontrolling Interests |
262 |
279 |
318 |
Total Preferred & Common Equity |
262 |
279 |
318 |
Preferred Stock |
0.00 |
0.00 |
0.00 |
Total Common Equity |
262 |
279 |
318 |
Common Stock |
137 |
110 |
110 |
Retained Earnings |
133 |
176 |
214 |
Accumulated Other Comprehensive Income / (Loss) |
0.16 |
0.32 |
0.22 |
Other Equity Adjustments |
-7.43 |
-6.56 |
-6.09 |
Quarterly Balance Sheets for Northeast Community Bancorp
This table presents Northeast Community Bancorp's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Total Assets |
|
1,285 |
1,503 |
1,616 |
1,720 |
1,867 |
1,930 |
1,968 |
Cash and Due from Banks |
|
14 |
14 |
14 |
16 |
9.94 |
13 |
16 |
Interest Bearing Deposits at Other Banks |
|
41 |
63 |
106 |
91 |
98 |
101 |
82 |
Time Deposits Placed and Other Short-Term Investments |
|
0.10 |
0.10 |
0.10 |
0.10 |
0.10 |
0.10 |
0.10 |
Trading Account Securities |
|
45 |
44 |
18 |
33 |
18 |
18 |
21 |
Loans and Leases, Net of Allowance |
|
1,113 |
1,311 |
-4.16 |
1,503 |
-4.98 |
-5.12 |
1,755 |
Loans and Leases |
|
1,118 |
1,315 |
0.24 |
1,508 |
-0.05 |
-0.21 |
1,760 |
Allowance for Loan and Lease Losses |
|
5.46 |
4.07 |
4.40 |
4.77 |
4.93 |
4.92 |
4.83 |
Premises and Equipment, Net |
|
26 |
26 |
26 |
26 |
25 |
25 |
25 |
Other Assets |
|
45 |
1,355 |
1,456 |
51 |
1,721 |
1,778 |
69 |
Total Liabilities & Shareholders' Equity |
|
1,285 |
1,503 |
1,616 |
1,720 |
1,867 |
1,930 |
1,968 |
Total Liabilities |
|
1,025 |
1,240 |
1,346 |
1,448 |
1,578 |
1,630 |
1,658 |
Non-Interest Bearing Deposits |
|
354 |
331 |
329 |
309 |
289 |
286 |
268 |
Interest Bearing Deposits |
|
636 |
882 |
989 |
1,059 |
1,226 |
1,280 |
1,363 |
Long-Term Debt |
|
21 |
14 |
14 |
64 |
47 |
47 |
7.00 |
Other Long-Term Liabilities |
|
14 |
14 |
14 |
15 |
17 |
17 |
21 |
Total Equity & Noncontrolling Interests |
|
260 |
263 |
270 |
272 |
289 |
300 |
310 |
Total Preferred & Common Equity |
|
260 |
263 |
270 |
272 |
289 |
300 |
310 |
Preferred Stock |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Common Equity |
|
260 |
263 |
270 |
272 |
289 |
300 |
310 |
Common Stock |
|
142 |
127 |
123 |
115 |
109 |
109 |
110 |
Retained Earnings |
|
125 |
143 |
153 |
164 |
186 |
197 |
206 |
Accumulated Other Comprehensive Income / (Loss) |
|
-0.08 |
0.16 |
0.17 |
0.18 |
0.32 |
0.32 |
0.33 |
Other Equity Adjustments |
|
-7.65 |
-7.22 |
-7.00 |
-6.78 |
-6.35 |
-6.13 |
-5.91 |
Annual Metrics And Ratios for Northeast Community Bancorp
This table displays calculated financial ratios and metrics derived from Northeast Community Bancorp's official financial filings.
Metric |
2022 |
2023 |
2024 |
Growth Metrics |
- |
- |
- |
Revenue Growth |
43.59% |
53.96% |
4.60% |
EBITDA Growth |
115.91% |
82.80% |
0.94% |
EBIT Growth |
121.07% |
88.04% |
1.59% |
NOPAT Growth |
108.68% |
86.27% |
1.72% |
Net Income Growth |
108.68% |
86.27% |
1.72% |
EPS Growth |
0.00% |
110.13% |
6.02% |
Operating Cash Flow Growth |
27.76% |
55.54% |
13.66% |
Free Cash Flow Firm Growth |
-77.92% |
-166.21% |
612.50% |
Invested Capital Growth |
1.29% |
21.32% |
-7.28% |
Revenue Q/Q Growth |
16.88% |
5.06% |
-1.07% |
EBITDA Q/Q Growth |
25.28% |
6.94% |
-3.81% |
EBIT Q/Q Growth |
26.18% |
7.48% |
-3.88% |
NOPAT Q/Q Growth |
19.50% |
9.05% |
-3.85% |
Net Income Q/Q Growth |
19.50% |
9.05% |
-3.85% |
EPS Q/Q Growth |
338.89% |
8.50% |
-6.88% |
Operating Cash Flow Q/Q Growth |
17.92% |
-2.55% |
-3.44% |
Free Cash Flow Firm Q/Q Growth |
-92.76% |
-8.66% |
4.81% |
Invested Capital Q/Q Growth |
0.69% |
2.05% |
0.54% |
Profitability Metrics |
- |
- |
- |
EBITDA Margin |
55.24% |
65.58% |
63.29% |
EBIT Margin |
52.52% |
64.14% |
62.30% |
Profit (Net Income) Margin |
37.89% |
45.85% |
44.59% |
Tax Burden Percent |
72.16% |
71.48% |
71.57% |
Interest Burden Percent |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
27.84% |
28.52% |
28.43% |
Return on Invested Capital (ROIC) |
8.84% |
14.78% |
14.23% |
ROIC Less NNEP Spread (ROIC-NNEP) |
8.84% |
14.78% |
14.23% |
Return on Net Nonoperating Assets (RNNOA) |
0.84% |
2.32% |
1.52% |
Return on Equity (ROE) |
9.68% |
17.10% |
15.75% |
Cash Return on Invested Capital (CROIC) |
7.55% |
-4.49% |
21.78% |
Operating Return on Assets (OROA) |
2.60% |
4.06% |
3.49% |
Return on Assets (ROA) |
1.87% |
2.90% |
2.49% |
Return on Common Equity (ROCE) |
9.68% |
17.10% |
15.75% |
Return on Equity Simple (ROE_SIMPLE) |
9.48% |
16.57% |
14.79% |
Net Operating Profit after Tax (NOPAT) |
25 |
46 |
47 |
NOPAT Margin |
37.89% |
45.85% |
44.59% |
Net Nonoperating Expense Percent (NNEP) |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
32.44% |
24.99% |
26.22% |
Operating Expenses to Revenue |
46.81% |
34.90% |
37.00% |
Earnings before Interest and Taxes (EBIT) |
34 |
65 |
66 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
36 |
66 |
67 |
Valuation Ratios |
- |
- |
- |
Price to Book Value (P/BV) |
0.89 |
0.87 |
1.07 |
Price to Tangible Book Value (P/TBV) |
0.89 |
0.87 |
1.07 |
Price to Revenue (P/Rev) |
3.57 |
2.41 |
3.23 |
Price to Earnings (P/E) |
9.41 |
5.26 |
7.24 |
Dividend Yield |
2.90% |
1.75% |
2.30% |
Earnings Yield |
10.62% |
19.01% |
13.81% |
Enterprise Value to Invested Capital (EV/IC) |
0.56 |
0.70 |
0.82 |
Enterprise Value to Revenue (EV/Rev) |
2.43 |
2.36 |
2.49 |
Enterprise Value to EBITDA (EV/EBITDA) |
4.40 |
3.61 |
3.93 |
Enterprise Value to EBIT (EV/EBIT) |
4.63 |
3.69 |
3.99 |
Enterprise Value to NOPAT (EV/NOPAT) |
6.42 |
5.16 |
5.58 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
5.79 |
5.57 |
5.39 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
7.51 |
0.00 |
3.64 |
Leverage & Solvency |
- |
- |
- |
Debt to Equity |
0.08 |
0.23 |
0.00 |
Long-Term Debt to Equity |
0.08 |
0.23 |
0.00 |
Financial Leverage |
0.10 |
0.16 |
0.11 |
Leverage Ratio |
5.16 |
5.89 |
6.31 |
Compound Leverage Factor |
5.16 |
5.89 |
6.31 |
Debt to Total Capital |
7.42% |
18.64% |
0.00% |
Short-Term Debt to Total Capital |
0.00% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
7.42% |
18.64% |
0.00% |
Preferred Equity to Total Capital |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
92.58% |
81.36% |
100.00% |
Debt to EBITDA |
0.58 |
0.97 |
0.00 |
Net Debt to EBITDA |
-2.05 |
-0.07 |
0.00 |
Long-Term Debt to EBITDA |
0.58 |
0.97 |
0.00 |
Debt to NOPAT |
0.85 |
1.38 |
0.00 |
Net Debt to NOPAT |
-3.00 |
-0.10 |
0.00 |
Long-Term Debt to NOPAT |
0.85 |
1.38 |
0.00 |
Noncontrolling Interest Sharing Ratio |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
- |
- |
- |
Cash Flow Metrics |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
21 |
-14 |
72 |
Operating Cash Flow to CapEx |
833.50% |
6,842.65% |
9,417.02% |
Free Cash Flow to Firm to Interest Expense |
2.61 |
-0.40 |
1.26 |
Operating Cash Flow to Interest Expense |
3.39 |
1.21 |
0.85 |
Operating Cash Flow Less CapEx to Interest Expense |
2.98 |
1.20 |
0.84 |
Efficiency Ratios |
- |
- |
- |
Asset Turnover |
0.05 |
0.06 |
0.06 |
Fixed Asset Turnover |
2.62 |
3.92 |
4.20 |
Capital & Investment Metrics |
- |
- |
- |
Invested Capital |
283 |
343 |
318 |
Invested Capital Turnover |
0.23 |
0.32 |
0.32 |
Increase / (Decrease) in Invested Capital |
3.61 |
60 |
-25 |
Enterprise Value (EV) |
159 |
239 |
262 |
Market Capitalization |
234 |
243 |
341 |
Book Value per Share |
$16.25 |
$19.68 |
$22.71 |
Tangible Book Value per Share |
$16.24 |
$19.68 |
$22.71 |
Total Capital |
283 |
343 |
318 |
Total Debt |
21 |
64 |
0.00 |
Total Long-Term Debt |
21 |
64 |
0.00 |
Net Debt |
-74 |
-4.77 |
-78 |
Capital Expenditures (CapEx) |
3.30 |
0.63 |
0.52 |
Net Nonoperating Expense (NNE) |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
21 |
64 |
0.00 |
Total Depreciation and Amortization (D&A) |
1.78 |
1.45 |
1.04 |
Earnings Adjustments |
- |
- |
- |
Adjusted Basic Earnings per Share |
$1.61 |
$3.32 |
$3.58 |
Adjusted Weighted Average Basic Shares Outstanding |
15.43M |
13.93M |
13.14M |
Adjusted Diluted Earnings per Share |
$1.58 |
$3.32 |
$3.52 |
Adjusted Weighted Average Diluted Shares Outstanding |
15.73M |
13.94M |
13.36M |
Adjusted Basic & Diluted Earnings per Share |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
15.43M |
14.07M |
14.02M |
Normalized Net Operating Profit after Tax (NOPAT) |
25 |
46 |
47 |
Normalized NOPAT Margin |
38.39% |
45.95% |
44.59% |
Pre Tax Income Margin |
52.52% |
64.14% |
62.30% |
Debt Service Ratios |
- |
- |
- |
EBIT to Interest Expense |
4.24 |
1.83 |
1.15 |
NOPAT to Interest Expense |
3.06 |
1.31 |
0.82 |
EBIT Less CapEx to Interest Expense |
3.83 |
1.82 |
1.14 |
NOPAT Less CapEx to Interest Expense |
2.65 |
1.29 |
0.81 |
Payout Ratios |
- |
- |
- |
Dividend Payout Ratio |
27.65% |
7.89% |
16.70% |
Augmented Payout Ratio |
65.15% |
69.93% |
23.50% |
Quarterly Metrics And Ratios for Northeast Community Bancorp
This table displays calculated financial ratios and metrics derived from Northeast Community Bancorp's official financial filings.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
55.30% |
77.21% |
99.89% |
77.85% |
42.66% |
22.39% |
6.63% |
7.65% |
9.01% |
-4.31% |
EBITDA Growth |
|
715.50% |
12.57% |
55.98% |
112.42% |
60.19% |
32.68% |
0.80% |
12.27% |
7.09% |
-15.16% |
EBIT Growth |
|
899.60% |
14.89% |
65.45% |
119.87% |
63.67% |
35.62% |
1.67% |
13.73% |
7.92% |
-15.48% |
NOPAT Growth |
|
933.15% |
96.32% |
54.24% |
105.58% |
57.03% |
46.46% |
1.16% |
15.43% |
7.12% |
-15.58% |
Net Income Growth |
|
933.15% |
96.32% |
208.48% |
105.58% |
57.03% |
46.46% |
1.16% |
15.43% |
7.12% |
-15.58% |
EPS Growth |
|
880.00% |
254.17% |
0.00% |
114.29% |
63.27% |
35.14% |
11.69% |
29.33% |
18.75% |
-26.00% |
Operating Cash Flow Growth |
|
31.02% |
47.00% |
1,222.34% |
8.45% |
80.26% |
-8.58% |
17.89% |
58.98% |
11.60% |
-14.48% |
Free Cash Flow Firm Growth |
|
101.16% |
174.39% |
264.64% |
-95.43% |
-1,458.71% |
-116.98% |
-116.83% |
-1,146.02% |
174.60% |
172.98% |
Invested Capital Growth |
|
1.57% |
-49.35% |
-49.79% |
2.25% |
19.70% |
21.32% |
21.49% |
22.36% |
-5.88% |
-7.28% |
Revenue Q/Q Growth |
|
26.22% |
22.28% |
10.24% |
4.53% |
1.25% |
4.90% |
-3.96% |
5.53% |
2.53% |
-7.92% |
EBITDA Q/Q Growth |
|
38.07% |
26.81% |
23.30% |
-1.60% |
4.13% |
5.03% |
-6.32% |
9.59% |
-0.68% |
-16.80% |
EBIT Q/Q Growth |
|
40.66% |
27.18% |
24.60% |
-1.36% |
4.71% |
5.38% |
-6.59% |
10.34% |
-0.63% |
-17.47% |
NOPAT Q/Q Growth |
|
39.85% |
9.56% |
36.08% |
-1.40% |
6.82% |
2.19% |
-6.02% |
12.52% |
-0.88% |
-19.47% |
Net Income Q/Q Growth |
|
39.85% |
9.56% |
36.08% |
-1.40% |
6.82% |
2.19% |
-6.02% |
12.52% |
-0.88% |
-19.47% |
EPS Q/Q Growth |
|
40.00% |
51.02% |
4.05% |
-2.60% |
6.67% |
25.00% |
-14.00% |
12.79% |
-2.06% |
-22.11% |
Operating Cash Flow Q/Q Growth |
|
11.11% |
82.65% |
-16.37% |
-36.10% |
84.69% |
-7.37% |
7.85% |
-13.84% |
29.65% |
-29.02% |
Free Cash Flow Firm Q/Q Growth |
|
-96.97% |
8,765.11% |
0.51% |
-98.31% |
-999.63% |
-10.80% |
0.39% |
-5.35% |
164.16% |
8.39% |
Invested Capital Q/Q Growth |
|
1.34% |
0.69% |
-2.29% |
2.55% |
18.64% |
2.05% |
-2.16% |
3.29% |
-8.75% |
0.54% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
58.33% |
60.49% |
67.66% |
63.69% |
65.50% |
65.58% |
63.96% |
66.42% |
64.35% |
58.14% |
EBIT Margin |
|
55.97% |
58.22% |
65.80% |
62.09% |
64.22% |
64.51% |
62.74% |
65.60% |
63.58% |
56.98% |
Profit (Net Income) Margin |
|
42.44% |
38.03% |
46.94% |
44.28% |
46.72% |
45.51% |
44.53% |
47.48% |
45.91% |
40.15% |
Tax Burden Percent |
|
75.83% |
65.33% |
71.34% |
71.31% |
72.75% |
70.55% |
70.98% |
72.38% |
72.21% |
70.46% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
24.17% |
34.67% |
28.66% |
28.69% |
27.25% |
29.45% |
29.02% |
27.62% |
27.79% |
29.54% |
Return on Invested Capital (ROIC) |
|
8.54% |
5.92% |
8.80% |
13.97% |
14.54% |
14.67% |
14.91% |
15.73% |
15.00% |
12.81% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
8.54% |
5.92% |
8.80% |
13.97% |
14.54% |
14.67% |
14.91% |
15.73% |
15.00% |
12.81% |
Return on Net Nonoperating Assets (RNNOA) |
|
0.82% |
0.89% |
0.95% |
0.93% |
2.32% |
2.30% |
1.65% |
1.68% |
1.83% |
1.37% |
Return on Equity (ROE) |
|
9.36% |
6.81% |
9.75% |
14.90% |
16.86% |
16.97% |
16.56% |
17.41% |
16.83% |
14.18% |
Cash Return on Invested Capital (CROIC) |
|
105.12% |
5.05% |
74.15% |
11.37% |
-4.19% |
-4.49% |
-4.25% |
-4.85% |
21.06% |
21.78% |
Operating Return on Assets (OROA) |
|
2.62% |
2.88% |
3.66% |
3.87% |
4.11% |
4.08% |
3.82% |
3.86% |
3.68% |
3.19% |
Return on Assets (ROA) |
|
1.99% |
1.88% |
2.61% |
2.76% |
2.99% |
2.88% |
2.71% |
2.80% |
2.66% |
2.25% |
Return on Common Equity (ROCE) |
|
9.36% |
6.81% |
9.75% |
14.90% |
16.86% |
16.97% |
16.56% |
17.41% |
16.83% |
14.18% |
Return on Equity Simple (ROE_SIMPLE) |
|
7.99% |
0.00% |
12.36% |
14.15% |
15.58% |
0.00% |
16.06% |
16.04% |
15.81% |
0.00% |
Net Operating Profit after Tax (NOPAT) |
|
7.54 |
8.26 |
11 |
11 |
12 |
12 |
11 |
13 |
13 |
10 |
NOPAT Margin |
|
42.44% |
38.03% |
46.94% |
44.28% |
46.72% |
45.51% |
44.53% |
47.48% |
45.91% |
40.15% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
30.32% |
26.19% |
25.38% |
26.10% |
24.69% |
23.87% |
27.55% |
25.41% |
24.85% |
27.24% |
Operating Expenses to Revenue |
|
44.03% |
39.76% |
34.20% |
35.47% |
35.17% |
34.72% |
37.91% |
35.24% |
36.04% |
38.99% |
Earnings before Interest and Taxes (EBIT) |
|
9.95 |
13 |
16 |
16 |
16 |
17 |
16 |
18 |
18 |
14 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
10 |
13 |
16 |
16 |
17 |
17 |
16 |
18 |
18 |
15 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.75 |
0.89 |
0.75 |
0.81 |
0.79 |
0.87 |
0.76 |
0.83 |
1.18 |
1.07 |
Price to Tangible Book Value (P/TBV) |
|
0.75 |
0.89 |
0.75 |
0.81 |
0.79 |
0.87 |
0.76 |
0.83 |
1.18 |
1.07 |
Price to Revenue (P/Rev) |
|
3.48 |
3.57 |
2.54 |
2.48 |
2.23 |
2.41 |
2.13 |
2.38 |
3.43 |
3.23 |
Price to Earnings (P/E) |
|
9.39 |
9.41 |
6.07 |
5.75 |
5.04 |
5.26 |
4.71 |
5.17 |
7.48 |
7.24 |
Dividend Yield |
|
4.02% |
2.90% |
3.29% |
2.89% |
1.68% |
1.75% |
1.54% |
1.58% |
1.22% |
2.30% |
Earnings Yield |
|
10.65% |
10.62% |
16.48% |
17.39% |
19.83% |
19.01% |
21.23% |
19.35% |
13.37% |
13.81% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.57 |
0.56 |
0.48 |
0.40 |
0.51 |
0.70 |
0.47 |
0.52 |
0.87 |
0.82 |
Enterprise Value to Revenue (EV/Rev) |
|
2.87 |
2.43 |
1.72 |
1.28 |
1.78 |
2.36 |
1.54 |
1.74 |
2.58 |
2.49 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
5.58 |
4.40 |
2.83 |
2.04 |
2.77 |
3.61 |
2.38 |
2.66 |
3.96 |
3.93 |
Enterprise Value to EBIT (EV/EBIT) |
|
5.91 |
4.63 |
2.94 |
2.10 |
2.84 |
3.69 |
2.43 |
2.71 |
4.02 |
3.99 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
7.75 |
6.42 |
4.12 |
2.97 |
4.03 |
5.16 |
3.41 |
3.78 |
5.63 |
5.58 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
6.90 |
5.79 |
3.55 |
2.97 |
3.90 |
5.57 |
3.53 |
3.71 |
5.46 |
5.39 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.55 |
7.51 |
0.44 |
3.56 |
0.00 |
0.00 |
0.00 |
0.00 |
4.01 |
3.64 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.08 |
0.08 |
0.05 |
0.05 |
0.23 |
0.23 |
0.16 |
0.16 |
0.02 |
0.00 |
Long-Term Debt to Equity |
|
0.08 |
0.08 |
0.05 |
0.05 |
0.23 |
0.23 |
0.16 |
0.16 |
0.02 |
0.00 |
Financial Leverage |
|
0.10 |
0.15 |
0.11 |
0.07 |
0.16 |
0.16 |
0.11 |
0.11 |
0.12 |
0.11 |
Leverage Ratio |
|
4.70 |
5.16 |
5.39 |
5.40 |
5.64 |
5.89 |
6.11 |
6.23 |
6.34 |
6.31 |
Compound Leverage Factor |
|
4.70 |
5.16 |
5.39 |
5.40 |
5.64 |
5.89 |
6.11 |
6.23 |
6.34 |
6.31 |
Debt to Total Capital |
|
7.47% |
7.42% |
5.06% |
4.94% |
19.02% |
18.64% |
13.99% |
13.55% |
2.21% |
0.00% |
Short-Term Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
|
7.47% |
7.42% |
5.06% |
4.94% |
19.02% |
18.64% |
13.99% |
13.55% |
2.21% |
0.00% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
92.53% |
92.58% |
94.94% |
95.06% |
80.98% |
81.36% |
86.01% |
86.45% |
97.79% |
100.00% |
Debt to EBITDA |
|
0.73 |
0.58 |
0.30 |
0.25 |
1.03 |
0.97 |
0.71 |
0.69 |
0.10 |
0.00 |
Net Debt to EBITDA |
|
-1.18 |
-2.05 |
-1.34 |
-1.90 |
-0.69 |
-0.07 |
-0.91 |
-0.98 |
-1.31 |
0.00 |
Long-Term Debt to EBITDA |
|
0.73 |
0.58 |
0.30 |
0.25 |
1.03 |
0.97 |
0.71 |
0.69 |
0.10 |
0.00 |
Debt to NOPAT |
|
1.01 |
0.85 |
0.43 |
0.37 |
1.51 |
1.38 |
1.01 |
0.98 |
0.14 |
0.00 |
Net Debt to NOPAT |
|
-1.64 |
-3.00 |
-1.95 |
-2.78 |
-1.01 |
-0.10 |
-1.30 |
-1.39 |
-1.86 |
0.00 |
Long-Term Debt to NOPAT |
|
1.01 |
0.85 |
0.43 |
0.37 |
1.51 |
1.38 |
1.01 |
0.98 |
0.14 |
0.00 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
3.20 |
284 |
285 |
4.84 |
-44 |
-48 |
-48 |
-51 |
32 |
35 |
Operating Cash Flow to CapEx |
|
1,911.47% |
19,252.94% |
11,405.21% |
5,781.82% |
7,926.99% |
4,865.45% |
18,982.35% |
8,362.41% |
8,193.18% |
7,311.43% |
Free Cash Flow to Firm to Interest Expense |
|
1.67 |
79.81 |
50.32 |
0.63 |
-4.35 |
-4.05 |
-3.66 |
-3.61 |
2.18 |
2.32 |
Operating Cash Flow to Interest Expense |
|
3.73 |
3.68 |
1.93 |
0.91 |
1.29 |
1.00 |
0.98 |
0.79 |
0.97 |
0.67 |
Operating Cash Flow Less CapEx to Interest Expense |
|
3.53 |
3.66 |
1.91 |
0.89 |
1.27 |
0.98 |
0.98 |
0.78 |
0.96 |
0.67 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.05 |
0.05 |
0.06 |
0.06 |
0.06 |
0.06 |
0.06 |
0.06 |
0.06 |
0.06 |
Fixed Asset Turnover |
|
2.25 |
2.62 |
3.02 |
3.41 |
3.70 |
3.92 |
4.02 |
4.12 |
4.23 |
4.20 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
281 |
283 |
277 |
284 |
336 |
343 |
336 |
347 |
317 |
318 |
Invested Capital Turnover |
|
0.20 |
0.16 |
0.19 |
0.32 |
0.31 |
0.32 |
0.33 |
0.33 |
0.33 |
0.32 |
Increase / (Decrease) in Invested Capital |
|
4.34 |
-276 |
-274 |
6.25 |
55 |
60 |
59 |
63 |
-20 |
-25 |
Enterprise Value (EV) |
|
161 |
159 |
134 |
113 |
171 |
239 |
158 |
182 |
275 |
262 |
Market Capitalization |
|
195 |
234 |
197 |
219 |
214 |
243 |
219 |
249 |
366 |
341 |
Book Value per Share |
|
$15.92 |
$16.25 |
$17.01 |
$17.86 |
$18.20 |
$19.68 |
$20.54 |
$21.38 |
$22.08 |
$22.71 |
Tangible Book Value per Share |
|
$15.88 |
$16.24 |
$17.00 |
$17.85 |
$18.18 |
$19.68 |
$20.54 |
$21.38 |
$22.08 |
$22.71 |
Total Capital |
|
281 |
283 |
277 |
284 |
336 |
343 |
336 |
347 |
317 |
318 |
Total Debt |
|
21 |
21 |
14 |
14 |
64 |
64 |
47 |
47 |
7.00 |
0.00 |
Total Long-Term Debt |
|
21 |
21 |
14 |
14 |
64 |
64 |
47 |
47 |
7.00 |
0.00 |
Net Debt |
|
-34 |
-74 |
-63 |
-106 |
-43 |
-4.77 |
-61 |
-67 |
-91 |
-78 |
Capital Expenditures (CapEx) |
|
0.38 |
0.07 |
0.10 |
0.12 |
0.16 |
0.25 |
0.07 |
0.13 |
0.18 |
0.14 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
21 |
21 |
14 |
14 |
64 |
64 |
47 |
47 |
7.00 |
0.00 |
Total Depreciation and Amortization (D&A) |
|
0.42 |
0.50 |
0.45 |
0.40 |
0.33 |
0.29 |
0.31 |
0.22 |
0.21 |
0.30 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.49 |
$0.54 |
$0.77 |
$0.75 |
$0.80 |
$1.00 |
$0.87 |
$0.98 |
$0.97 |
$0.76 |
Adjusted Weighted Average Basic Shares Outstanding |
|
15.54M |
15.43M |
14.65M |
14.70M |
14.74M |
13.93M |
13.12M |
13.08M |
13.08M |
13.14M |
Adjusted Diluted Earnings per Share |
|
$0.49 |
$0.74 |
$0.77 |
$0.75 |
$0.80 |
$1.00 |
$0.86 |
$0.97 |
$0.95 |
$0.74 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
15.54M |
15.73M |
14.70M |
14.73M |
14.82M |
13.94M |
13.19M |
13.18M |
13.42M |
13.36M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
16.12M |
15.43M |
15.09M |
14.97M |
14.20M |
14.07M |
14.03M |
14.02M |
14.02M |
14.02M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
7.54 |
8.26 |
11 |
11 |
12 |
12 |
11 |
13 |
13 |
10 |
Normalized NOPAT Margin |
|
42.44% |
38.03% |
46.94% |
44.28% |
46.72% |
45.51% |
44.53% |
47.48% |
45.91% |
40.15% |
Pre Tax Income Margin |
|
55.97% |
58.22% |
65.80% |
62.09% |
64.22% |
64.51% |
62.74% |
65.60% |
63.58% |
56.98% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
5.17 |
3.55 |
2.78 |
2.02 |
1.63 |
1.44 |
1.22 |
1.26 |
1.18 |
0.96 |
NOPAT to Interest Expense |
|
3.92 |
2.32 |
1.98 |
1.44 |
1.18 |
1.02 |
0.87 |
0.91 |
0.85 |
0.67 |
EBIT Less CapEx to Interest Expense |
|
4.97 |
3.54 |
2.76 |
2.00 |
1.61 |
1.42 |
1.21 |
1.25 |
1.17 |
0.95 |
NOPAT Less CapEx to Interest Expense |
|
3.73 |
2.30 |
1.97 |
1.42 |
1.17 |
0.99 |
0.86 |
0.90 |
0.84 |
0.66 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
33.09% |
27.65% |
21.13% |
10.06% |
8.85% |
7.89% |
7.61% |
8.36% |
9.24% |
16.70% |
Augmented Payout Ratio |
|
48.46% |
65.15% |
82.28% |
72.37% |
78.39% |
69.93% |
49.50% |
43.16% |
25.16% |
23.50% |
Key Financial Trends
NorthEast Community Bancorp (NASDAQ: NECB) has demonstrated steady financial growth and solid performance over the past four years, highlighted by increasing net interest income, a generally stable loan portfolio, and consistent profitability. Here are the key findings and trends from the recent quarterly financial statements through Q4 2024:
- Net interest income increased over the past year, reaching $25.3 million in Q4 2024, up slightly from $24.9 million in Q1 2024, reflecting growth in loans and leases interest income, which rose to $39.1 million in Q4 2024 from $36.7 million in Q1 2024.
- Consistent quarterly profitability with Q4 2024 net income at $10.2 million, compared to $11.4 million in Q1 2024 and showing overall growth compared to previous years, indicating operational stability.
- Stable credit quality with provision for credit losses at $1.0 million in Q4 2024; while this provision is slightly elevated compared to earlier quarters, it remains manageable reflecting prudent risk management.
- Strong operational cash flows, with $10.2 million in net cash from continuing operating activities in Q4 2024 and positive operating cash flows in previous quarters demonstrating healthy core business cash generation.
- Growth in core deposit base, with net deposits increasing by $42.3 million in Q4 2024, supporting funding for loan growth and balance sheet strength.
- Common equity increased steadily to $309.6 million by Q3 2024, up from $262.5 million in Q1 2023, showing investment in the bank’s capital base and financial stability.
- Non-interest income remains a smaller portion of total revenue, with fluctuations in net realized and unrealized capital gains impacting overall results; Q4 2024 had a small net loss from capital gains of $532,000.
- The bank has consistently repaid and issued long-term debt, reflecting active management of liabilities and capital structure with $7 million reported in long-term debt as of Q3 2024.
- Investment securities purchases outpaced sales in recent quarters, contributing to large net cash outflows from investing activities (e.g., $59.3 million outflow in Q4 2024), which may pressure liquidity if not matched with other funding sources.
- Interest expense on deposits and debt has generally increased over the last year, with deposits interest expense near $15.2 million in Q4 2024 up from $12.4 million in Q1 2024, squeezing net interest margin pressure if asset yields don’t keep pace.
Summary: NorthEast Community Bancorp has shown healthy earnings growth driven primarily by increasing interest income from loans and leases. The bank is managing credit risk prudently with moderate provisions for losses. Strong growth in deposits fuels asset expansion, though rising interest expenses may pose some margin pressure. Solid cash flow from operations and a strengthening common equity position support the bank’s financial health. Investors should monitor changes in capital gains volatility and investment buying activity since large outflows from investments could affect overall liquidity and yield management in coming quarters.
08/02/25 10:59 AMAI Generated. May Contain Errors.