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Northeast Community Bancorp (NECB) Financials

Northeast Community Bancorp logo
$25.42 -0.56 (-2.14%)
As of 12:41 PM Eastern
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Annual Income Statements for Northeast Community Bancorp

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.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 25 46 47
Consolidated Net Income / (Loss)		 25 46 47
Net Income / (Loss) Continuing Operations		 25 46 47
Total Pre-Tax Income 		34 65 66
Total Revenue		 66 101 106
Net Interest Income / (Expense)		 64 97 103
Total Interest Income		 72 132 160
Loans and Leases Interest Income		 70 127 154
Investment Securities Interest Income		 0.75 0.86 0.91
Deposits and Money Market Investments Interest Income		 1.26 4.14 5.20
Total Interest Expense		 8.13 35 57
Deposits Interest Expense		 7.54 34 56
Long-Term Debt Interest Expense		 0.55 1.08 1.56
Total Non-Interest Income		 1.68 3.74 2.78
Other Service Charges		 2.08 2.00 2.21
Net Realized & Unrealized Capital Gains on Investments		 -1.48 0.28 -0.09
Investment Banking Income		 0.47 0.46 0.00
Other Non-Interest Income		 0.60 1.01 0.66
Provision for Credit Losses		 0.44 0.97 0.74
Total Non-Interest Expense		 31 35 39
Salaries and Employee Benefits		 16 19 21
Net Occupancy & Equipment Expense		 5.42 5.86 6.32
Marketing Expense		 0.30 0.52 0.42
Other Operating Expenses		 8.97 9.86 11
Other Special Charges		 - 0.14 0.00
Income Tax Expense		 9.59 18 19
Basic Earnings per Share		 $1.61 $3.32 $3.58
Weighted Average Basic Shares Outstanding		 15.43M 13.93M 13.14M
Diluted Earnings per Share		 $1.58 $3.32 $3.52
Weighted Average Diluted Shares Outstanding		 15.73M 13.94M 13.36M
Weighted Average Basic & Diluted Shares Outstanding		 15.43M 14.07M 14.02M
Cash Dividends to Common per Share		 $0.42 $0.24 $0.65

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
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
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
Period end date 12/31/2022 12/31/2023 12/31/2024
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
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
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
Period end date 12/31/2022 12/31/2023 12/31/2024
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
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024
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
Period end date 12/31/2022 12/31/2023 12/31/2024
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
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
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%

Financials Breakdown Chart

Key Financial Trends

Northeast Community Bancorp (NASDAQ: NECB) posted a solid finish to 2024, with earnings and operating cash flow remaining healthy, but the quarter also showed some pressure on margins and a heavier balance sheet mix as the bank continued to grow loans, deposits, and securities.

What stood out in Q4 2024: net income came in at $10.2 million, down from $12.7 million in Q3 2024 and $12.1 million in Q4 2023. EPS was still respectable at $0.74 diluted. Operating cash flow remained strong at $10.2 million, even after working capital changes.

Revenue trends were mixed. Total revenue declined to $25.4 million in Q4 2024 from $27.6 million in Q3 2024, mainly because non-interest income was unusually weak at only $149,000 after a much stronger Q3. Net interest income also slipped to $25.3 million from $26.3 million, reflecting higher deposit costs and some margin compression.

The balance sheet grew, but not without tradeoffs. Total assets rose to $1.97 billion at Q3 2024 from $1.93 billion at Q2 2024, and equity increased to $309.6 million from $300.0 million. Loans also expanded meaningfully over the year, which supports earning power, but the bank has also carried a large securities book and a higher debt load than a year earlier.

Cash flow remained a strength. NECB generated $10.2 million in operating cash flow in Q4 2024, while financing activity added $29.5 million, helped by a $42.3 million increase in deposits and $50 million of debt issuance. That helped offset a large $59.3 million investing cash outflow tied mainly to investment securities purchases.

  • Strong profitability: Q4 2024 net income of $10.2 million and diluted EPS of $0.74 show the bank remained profitable and consistent.
  • Healthy operating cash flow: Operating activities generated $10.2 million in Q4 2024 and $45.4 million for the full year using the quarterly run rate, supporting internal capital generation.
  • Loan and deposit growth: The balance sheet shows meaningful expansion in loans and deposits over the past year, which can support future earnings.
  • Rising equity base: Total common equity increased to $309.6 million, up from $288.9 million at the start of 2024, giving the bank a bit more cushion.
  • Provision remained manageable: Credit loss provision of $1.0 million in Q4 2024 was not excessive relative to earnings and revenue.
  • Net interest income softened: Q4 NII fell to $25.3 million from $26.3 million in Q3, suggesting some pressure on the net interest margin.
  • Non-interest income was very volatile: Q4 non-interest income was only $149,000, a sharp drop from $1.35 million in Q3 2024.
  • Large securities activity: NECB purchased $58.4 million of investment securities in Q4 2024, which adds asset mix and reinvestment risk considerations.
  • Bottom line declined year over year: Q4 2024 net income of $10.2 million was below $12.1 million in Q4 2023.
  • Higher interest expense: Deposit interest expense reached $15.2 million in Q4 2024, up from $14.6 million in Q3 and materially above prior-year levels.
  • Debt reliance increased: Long-term debt rose to $7 million on the Q3 2024 balance sheet after sitting at $0 in early 2024, and Q4 financing included $50 million of new debt issuance.
  • Cash declined in Q4: Net change in cash and equivalents was negative $19.5 million, reflecting heavy investing outflows and showing that growth required balance sheet funding.

Overall: NECB looks like a generally profitable community bank with decent operating cash generation and a stronger equity base than a year ago. The main watch items are margin pressure, the sharp drop in non-interest income in Q4, and the higher use of debt and securities investment activity to support the balance sheet.

06/15/26 12:43 PM ETAI Generated. May Contain Errors.

Northeast Community Bancorp Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Northeast Community Bancorp's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

Northeast Community Bancorp's net income appears to be on an upward trend, with a most recent value of $47.07 million in 2024, rising from $24.84 million in 2022. The previous period was $46.28 million in 2023. See where experts think Northeast Community Bancorp is headed by visiting Northeast Community Bancorp's forecast page.

Over the last 2 years, Northeast Community Bancorp's total revenue changed from $65.56 million in 2022 to $105.58 million in 2024, a change of 61.0%.

Northeast Community Bancorp's total liabilities were at $1.69 billion at the end of 2024, a 13.9% increase from 2023, and a 45.4% increase since 2022.

In the past 2 years, Northeast Community Bancorp's cash and equivalents has ranged from $13.21 million in 2022 to $13.70 million in 2024, and is currently $13.70 million as of their latest financial filing in 2024.

Over the last 2 years, Northeast Community Bancorp's book value per share changed from 16.25 in 2022 to 22.71 in 2024, a change of 39.7%.


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Financial statements for NASDAQ:NECB last updated on 4/6/2025 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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