Northeast Community Bancorp (NECB) Q3 2025 earnings summary

Executive summary

• Net income for Q3 2025 was $11.9 million, down from $12.7 million in Q3 2024; nine-month net income was $33.6 million, down from $36.9 million year-over-year.

• Total assets increased 2.3% to $2.1 billion at September 30, 2025, driven by loan growth and higher securities balances.

• Loan originations reached $714.3 million for the nine months, primarily in construction and multi-family segments.

• Loan demand remains robust, with unfunded commitments exceeding $645 million at quarter-end.

• The company received multiple industry accolades, including top national rankings for banks under $5 billion in assets.

Financial highlights

• Net interest income for Q3 2025 was $25.9 million, a 1.3% decrease year-over-year; for nine months, $75.3 million, down 2.9%.

• Non-interest income for Q3 2025 was $1.0 million, down 24.8% year-over-year; for nine months, $3.1 million, up 18.0%.

• Non-interest expense for Q3 2025 rose 3.9% to $10.4 million; for nine months, up 8.0% to $31.5 million, mainly due to higher salaries and operating costs.

• Net interest margin for Q3 2025 was 5.38%, down from 5.68% a year ago; for nine months, 5.28%, down from 5.74%.

• Total deposits decreased 9.3% to $1.5 billion, driven by a reduction in certificates of deposit.

Outlook and guidance

• Management expects continued focus on loan growth, especially in construction and multi-family, while monitoring funding costs and interest rate risk.

• Liquidity and capital positions are considered strong, with sufficient resources to meet unexpected deposit outflows.