WHITE PLAINS, N.Y., Jan. 28, 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 $10.8 million, or $0.81 per basic share and $0.79 per diluted share, for the quarter ended December 31, 2025 compared to net income of $10.2 million, or $0.78 per basic share and $0.75 per...
WHITE PLAINS, N.Y., Jan. 28, 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 $10.8 million, or $0.81 per basic share and $0.79 per diluted share, for the quarter ended December 31, 2025 compared to net income of $10.2 million, or $0.78 per basic share and $0.75 per diluted share, for the quarter ended December 31, 2024. In addition, the Company reported net income of $44.4 million, or $3.35 per basic share and $3.25 per diluted share, for the year ended December 31, 2025 compared to net income of $47.1 million, or $3.58 per basic share and $3.52 per diluted share, for the year ended December 31, 2024. Kenneth A. Martinek, Chairman of the Board and Chief Executive Officer, stated “We are once again pleased to be able to report continued strong performance throughout our entire loan portfolio, with continuing focus on construction lending in high demand, high absorption sub-markets. Loan demand remains strong with outstanding unfunded commitments exceeding $680 million at December 31, 2025.” “Our New York City cooperative corporation lending program continues to grow, as does our multi-family lending throughout Eastern Massachusetts.” “Earlier this week, the Company also announced the retirement of Linda M. Swan as a director of the Company and the Bank, effective as of January 20, 2026, and the appointment of Lynette Bennett as a director of the Company and the Bank, effective as of January 22, 2026,” Mr. Martinek continued. “On behalf of the Board of Directors, I would like to thank Linda for her significant contributions to the Company and the Bank during her two stints as a director, which spanned over 28 years, and wish her well in retirement.” Highlights for the fourth quarter and year ended December 31, 2025 are as follows: Performance metrics continue to be strong with a return on average total assets ratio of 2.11%, a return o...