NorthEast Community Bancorp, Inc. filed its quarterly report on Form 10-Q with the SEC on August 7, 2026, covering the period ended June 30, 2026, disclosing net income, balance sheet growth, and changes in deposits and borrowings for the first half of the year.

Key Highlights

  • Net income for Q2 2026: $9,795 thousand, compared with $11,170 thousand in Q2 2025, according to the filing.
  • Six-month net income: $19,747 thousand for the six months ended June 30, 2026, versus $21,737 thousand for the same period in 2025.
  • Diluted EPS: $0.72 for the three months ended June 30, 2026, and $1.46 for the six months ended June 30, 2026.
  • Total assets: $2,115,183 thousand as of June 30, 2026, up from $2,063,508 thousand at December 31, 2025.
  • Net loans: $1,915,007 thousand at June 30, 2026, compared with $1,855,603 thousand at December 31, 2025.
  • Total deposits: $1,536,543 thousand at June 30, 2026, down from $1,616,901 thousand at December 31, 2025.
  • Shares outstanding: 13,766,059 shares of common stock as of August 5, 2026, as reported on the cover page.

NorthEast Community Bancorp's Financial Position and Income Through June 30, 2026

According to the filing, NorthEast Community Bancorp, Inc. (NASDAQ: NECB), headquartered at 325 Hamilton Avenue, White Plains, New York, reported total interest income of $36,060 thousand for the three months ended June 30, 2026, compared with $38,039 thousand for the same period in 2025. For the six months ended June 30, 2026, total interest income was $72,029 thousand, versus $76,246 thousand in the prior-year period. The company disclosed that interest income from loans accounted for $35,174 thousand in Q2 2026 and $70,216 thousand for the first half of 2026.

The filing reported total interest expense of $11,410 thousand for Q2 2026, yielding net interest income of $24,650 thousand for the quarter. For the six-month period, net interest income was $48,784 thousand. The company recorded a provision for credit loss of $860 thousand in Q2 2026, compared with no provision recorded in Q2 2025. Total non-interest expenses were $10,619 thousand for the three months ended June 30, 2026, with salaries and employee benefits representing the largest component at $5,817 thousand.

On the balance sheet, the filing showed borrowings increased to $190,000 thousand at June 30, 2026, from $70,000 thousand at December 31, 2025. Total stockholders' equity rose to $362,568 thousand from $351,700 thousand over the same period, with retained earnings of $258,746 thousand at June 30, 2026. The allowance for credit losses on loans stood at $4,752 thousand at June 30, 2026. The registrant identified itself as an accelerated filer, a smaller reporting company, and an emerging growth company in the filing.

What Was Disclosed

The 10-Q for the quarter ended June 30, 2026, disclosed NorthEast Community Bancorp's income statements, balance sheet, and equity position, showing year-over-year declines in net income alongside growth in total assets and net loans, and a significant increase in borrowings.