ECB Bancorp (ECBK) investor relations material

Executive summary

• Net income for Q1 2026 was $3.1 million, up 140.7% year-over-year from $1.3 million in Q1 2025 and up from $2.6 million in Q4 2025, driven by higher net interest income and improved margins, with EPS of $0.38 per diluted share.

• Total assets grew to $1.65 billion as of March 31, 2026, a 2.8% increase from December 31, 2025.

• Shareholders' equity rose to $175.9 million, with book value per share increasing to $20.05 from $19.55 in Q4 2025.

• CEO highlighted disciplined loan growth, strong deposit relationships, and prudent expense management as drivers of sustained success.

• Expansion continues with a new branch in Medford, Massachusetts.

Financial highlights

• Net interest and dividend income increased 47.9% year-over-year to $9.8 million, up 7.5% sequentially, with net interest margin expanding to 2.49% from 1.89% year-over-year and 2.32% in the prior quarter.

• Total interest and dividend income rose 22.7% to $21.6 million, while interest expense increased 7.4% to $11.8 million.

• Noninterest income grew 20.7% to $327,000, and noninterest expense rose 10.3% to $5.7 million.

• Earnings per share were $0.39 basic and $0.38 diluted, compared to $0.16 for both in Q1 2025.

• Efficiency ratio improved to 56.54% from 60.80% in Q4 2025 due to higher net interest income and controlled expense growth.

Outlook and guidance

• Management anticipates sufficient liquidity and funding to meet commitments, with strong deposit retention expected.

• The bank remains well-capitalized and expects to maintain regulatory capital ratios.

• Management remains confident in long-term growth through branch expansion and innovative banking products.