NorthEast Community Bancorp Stock News

WHITE PLAINS, N.Y., Oct. 28, 2024 (GLOBE NEWSWIRE) -- NorthEast Community Bancorp, Inc. (Nasdaq: NECB) (the “Company”), the parent holding company of NorthEast Community Bank (the “Bank”), generated net income of $12.7 million, or $0.97 per basic share and $0.95 per diluted share, for the three months ended September 30, 2024 compared to net income of $11.8 million, or $0.80 per basic and dilut...

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WHITE PLAINS, N.Y., Sept. 19, 2024 (GLOBE NEWSWIRE) -- NorthEast Community Bancorp, Inc. (the “Company”) (NasdaqCM: NECB) announced today that its Board of Directors has declared a special cash dividend of $0.15 per share on its outstanding common stock.

Northeast Community Bancorp has surged 36% since my 'strong buy' rating in May, significantly outperforming the S&P 500's 7.3% rise. Despite a drop in net interest margin, net interest income rose 12.8% year-over-year, driven by increased interest-bearing liabilities. The bank's balance sheet shows growth in deposits and loans, low debt, and increased cash, making it financially robust.

WHITE PLAINS, N.Y., July 22, 2024 (GLOBE NEWSWIRE) -- NorthEast Community Bancorp, Inc. (Nasdaq: NECB) (the “Company”), the parent holding company of NorthEast Community Bank (the “Bank”), generated net income of $12.8 million, or $0.98 per basic share and $0.97 per diluted share, for the three months ended June 30, 2024 compared to net income of $11.1 million, or $0.75 per basic and diluted sh...

WHITE PLAINS, N.Y., June 20, 2024 (GLOBE NEWSWIRE) -- NorthEast Community Bancorp, Inc. (the “Company”) (Nasdaq: NECB) announced today that its Board of Directors has declared a quarterly cash dividend of $0.10 per common share.

Northeast Community Bancorp is a small bank with a market capitalization of $188 million. The bank has experienced impressive growth in deposits and loans over the past few years. Shares of Northeast Community Bancorp are attractively priced and the bank has a strong track record of profitability and asset quality.