Northeast Community Bancorp (NECB) Q4 2025 earnings summary

Executive summary

• Net income for Q4 2025 was $10.8 million ($0.81 basic EPS), up from $10.2 million ($0.78 basic EPS) in Q4 2024; full-year 2025 net income was $44.4 million ($3.35 basic EPS), down from $47.1 million ($3.58 basic EPS) in 2024.

• Loan demand remained strong, with outstanding unfunded commitments exceeding $680 million at year-end 2025.

• Asset quality improved, with no non-performing loans or assets at December 31, 2025, compared to $5.1 million in non-performing assets a year earlier.

• Stockholders' equity increased by $33.4 million (10.5%) to $351.7 million, representing 17.04% of total assets.

• Leadership changes included the retirement of a long-serving director and the appointment of a new director.

Financial highlights

• Total assets grew by $53.9 million (2.7%) to $2.1 billion at year-end 2025.

• Net interest income for Q4 2025 was $25.5 million, up 0.6% year-over-year; full-year net interest income was $100.7 million, down 2.0%.

• Net interest margin for Q4 2025 was 5.18% (down from 5.29%); full-year margin was 5.25% (down from 5.62%).

• Non-interest income for Q4 2025 rose to $987,000 (up 562%); full-year non-interest income was $4.1 million (up 47%).

• Non-interest expense for Q4 2025 increased 12.8% to $11.2 million; full-year non-interest expense rose 9.2% to $42.7 million.

• Effective tax rate for 2025 was 28.7% (up from 28.4%).

Outlook and guidance

• Management expects continued strong loan demand, especially in construction and multi-family lending.

• Forward-looking statements caution about risks from interest rates, economic conditions, and regulatory changes.