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Northeast Community Bancorp (NECB) Financials

Northeast Community Bancorp logo
$21.52 -0.18 (-0.83%)
Closing price 04:00 PM Eastern
Extended Trading
$21.60 +0.08 (+0.37%)
As of 04:04 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%

Key Financial Trends

NorthEast Community Bancorp (NASDAQ:NECB) has demonstrated steady financial performance over the last several quarters, with key metrics reflecting growth and some manageable challenges.

Positive Trends:

  • Net interest income has increased consistently, reaching $25.3 million in Q4 2024 compared to $20.9 million in Q4 2022, showing strong core earnings growth driven by loans and lease interest income.
  • Net income attributable to common shareholders rose in recent quarters: $10.2 million in Q4 2024, slightly below Q3 2024's $12.7 million, but still improved compared to $8.3 million in Q4 2022, indicating improved profitability over the two-year span.
  • Total assets have grown substantially, from approximately $1.28 billion in Q3 2022 to about $1.97 billion by Q3 2024, implying successful business expansion and balance sheet growth.
  • Deposit growth has been strong, highlighted by net deposit increases (e.g., $42.3 million in Q4 2024 and $64.2 million in Q3 2024), reflecting increased customer trust and funding base expansion.
  • Operating cash flow remains healthy with consistent positive net cash from continuing operating activities, recording $10.2 million in Q4 2024 and $14.4 million in Q3 2024.
  • Earnings per share (EPS) have generally improved, with basic earnings per share at $0.76 in Q4 2024 up from $0.54 in Q4 2022, benefiting from earnings growth and stable share count.

Neutral Factors:

  • Provision for credit losses remains modest, varying quarter-to-quarter but generally at low levels (e.g., $1.03 million in Q4 2024 and $0.2 million in Q4 2023), indicating manageable credit risk but requiring monitoring.
  • Non-interest income shows volatility quarter-to-quarter, with occasional capital losses (e.g., unrealized losses of -$532,000 in Q4 2024), offset by other service charges and gains, contributing a small fraction to total revenue.
  • Net interest expense on deposits has increased, aligned with higher interest rates environment, but remains controlled relative to interest income growth.
  • The company repurchases common equity and pays consistent dividends, which supports shareholder returns but impacts cash flow and equity position.

Negative Points:

  • Significant investment in securities results in heavy cash outflows from investing activities, with purchases of investment securities exceeding $50 million quarterly, impacting free cash flow availability.
  • Long-term debt fluctuates, with large repayments and issuances, indicating potential refinancing risk or volatility in capital structure (e.g., debt repayment of $57 million offset by issuance of $50 million in Q4 2024).
  • Other operating expenses have increased over the years, reaching nearly $3 million per quarter, requiring vigilance on cost control to maintain profitability.
  • Diluted EPS saw a slight decline from $0.95 in Q3 2024 to $0.74 in Q4 2024, partly due to a drop in net income and share count changes, showing some quarterly volatility.

Overall, NorthEast Community Bancorp shows a solid growth trajectory with strong earnings growth, robust deposit and asset increases, and consistent operational cash flow. However, investors should watch the heavy investments in securities, fluctuating debt levels, and periodic volatility in non-interest income, which can affect margins and cash availability.

08/15/25 05:45 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Northeast Community Bancorp's Financials

When does Northeast Community Bancorp's fiscal year end?

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

How has Northeast Community Bancorp's net income changed over the last 2 years?

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.

How has Northeast Community Bancorp's revenue changed over the last 2 years?

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%.

How much debt does Northeast Community Bancorp have?

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.

How much cash does Northeast Community Bancorp have?

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.

How has Northeast Community Bancorp's book value per share changed over the last 2 years?

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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This page (NASDAQ:NECB) was last updated on 8/15/2025 by MarketBeat.com Staff
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