ECB Bancorp, Inc. (ECBK) 10-Year Financial Performance & Capital Metrics

ECBK • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingNortheast Community Banks

AboutECB Bancorp, Inc. focuses on operating as a holding company for Everett Co-operative Bank that provides various banking products and services. The company accepts various deposit products, including certificate of deposit accounts, IRAs, money market accounts, savings accounts, demand deposit accounts, and interest-bearing and noninterest-bearing checking accounts. It also offers one- to four-family residential real estate, commercial real estate and multifamily real estate, construction and land, commercial, and consumer loans, as well as home equity loans and lines of credit. In addition, the company invests in securities, consisting primarily of U.S. government and federal agency obligations, mortgage-backed securities, and corporate bonds. It operates through two full-service banking offices located in Everett, Massachusetts and Lynnfield, Massachusetts. The company was founded in 1890 and is based in Everett, Massachusetts.Show more

Net Interest Income $25M +0.8%
Total Revenue $68M +22.3%
Net Income $4M -10.4%
Return on Equity 2.4% -11.9%
Net Interest Margin 1.76% -9.0%
Efficiency Ratio 30.27% -11.3%
ROA 0.3% -22.2%
Equity / Assets 11.87% -7.9%
Book Value per Share 20.16 +4.2%
Tangible BV/Share 20.16 +4.2%
Debt/Equity 1.39 -2.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓Efficient operations: 30.3% efficiency ratio
✓Well capitalized: 11.9% equity/assets
✓Share count reduced 2.1% through buybacks
✓Trading near 52-week high
✓Trading at only 0.9x book value

✗Weaknesses

✗Weak 3Y average ROE of 2.5%
✗Weak NIM of 1.8%

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y42.49%

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-0.42%

TTM98.62%

EPS CAGR

10Y-

5Y-

3Y13.3%

TTM96.27%

ROCE

10Y Avg3.39%

5Y Avg3.39%

3Y Avg1.49%

Latest1.29%

Peer Comparison

Northeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DCOMDime Community Bancshares, Inc.	1.37B	31.13	56.60	0.1%	4.5%	4.02%	6.79%	0.70
EBCEastern Bankshares, Inc.	4.4B	19.56	29.64	91.64%	11.17%	1.3%	6.14%	0.01
LYGLloyds Banking Group plc	80.5B	5.48	21.92	10.79%	11.75%	9.93%		1.76
CFGCitizens Financial Group, Inc.	26.03B	60.61	20.00	1.31%	12.22%	6.6%	7.22%	0.51
PFSProvident Financial Services, Inc.	2.65B	20.29	19.32	63.91%	10.13%	7.51%	16.04%	0.93
CBUCommunity Bank System, Inc.	3.3B	62.73	18.24	24.44%	19.4%	10.34%	6.71%	0.57
VLYValley National Bancorp	6.7B	12.02	17.42	6.51%	10.65%	6.53%	8.18%	0.50
INDBIndependent Bank Corp.	3.8B	76.62	16.95	6.89%	19.72%	7.76%	5.51%	0.23

Profit & Loss

	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	15.85M	18.69M	23.64M	24.79M	24.99M
NII Growth %	-	0.18%	0.26%	0.05%	0.01%
Net Interest Margin %	-	-	-	-	-
Interest Income	21.49M	22.38M	29.16M	54.78M	67.05M
Interest Expense	5.64M	3.68M	5.51M	29.99M	42.06M
Loan Loss Provision	293K	360K	2.94M	803K	174K
Non-Interest Income+	1.28M	1.22M	1.4M	1.05M	1.23M
Non-Interest Income %	-	-	-	-	-
Total Revenue+	22.77M	23.6M	30.56M	55.83M	68.27M
Revenue Growth %	-	0.04%	0.29%	0.83%	0.22%
Non-Interest Expense	10.31M	14.09M	18.61M	19.05M	20.67M
Efficiency Ratio	-	-	-	-	-
Operating Income+	6.53M	5.47M	3.5M	5.99M	5.37M
Operating Margin %	-	-	-	-	-
Operating Income Growth %	-	-0.16%	-0.36%	0.71%	-0.1%
Pretax Income+	6.53M	5.47M	3.5M	5.99M	5.37M
Pretax Margin %	-	-	-	-	-
Income Tax+	1.67M	1.43M	776K	1.53M	1.38M
Effective Tax Rate %	-	-	-	-	-
Net Income+	4.86M	4.04M	2.72M	4.46M	3.99M
Net Margin %	-	-	-	-	-
Net Income Growth %	-	-0.17%	-0.33%	0.64%	-0.1%
Net Income (Continuing)	4.86M	4.04M	2.72M	4.46M	3.99M
EPS (Diluted)+	0.40	0.33	0.32	0.52	0.48
EPS Growth %	-	-0.17%	-0.03%	0.63%	-0.08%
EPS (Basic)	0.40	0.33	0.32	0.53	0.48
Diluted Shares Outstanding	12.23M	12.23M	8.46M	8.52M	8.35M

Balance Sheet

	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	43.41M	52.98M	62.35M	119.04M	157.72M
Short Term Investments	1000K	1000K	1000K	1000K	1000K
Total Investments+	525.61M	589.01M	968.27M	1.12B	1.22B
Investments Growth %	-	0.12%	0.64%	0.16%	0.08%
Long-Term Investments	520.57M	584M	963.26M	1.12B	1.2B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-
Goodwill	0	0	0	0	0
Intangible Assets	0	0	0	0	0
PP&E (Net)	3.98M	3.78M	3.7M	3.75M	3.51M
Other Assets	10.88M	15.96M	23.17M	27.24M	31.77M
Total Current Assets	50.27M	59.47M	69.98M	127.81M	176.3M
Total Non-Current Assets	537.36M	607.02M	994.48M	1.15B	1.24B
Total Assets+	587.63M	666.49M	1.06B	1.28B	1.42B
Asset Growth %	-	0.13%	0.6%	0.2%	0.11%
Return on Assets (ROA)	0.01%	0.01%	0%	0%	0%
Accounts Payable	0	0	0	0	0
Total Debt+	18M	9M	174M	234M	234M
Net Debt	-25.41M	-43.98M	111.65M	114.96M	76.28M
Long-Term Debt	18M	9M	174M	234M	234M
Short-Term Debt	0	0	0	0	0
Other Liabilities	5.19M	8.46M	9.58M	13.22M	17.35M
Total Current Liabilities	491.4M	571.75M	718.15M	868.21M	998.53M
Total Non-Current Liabilities	23.19M	17.46M	183.58M	247.22M	251.35M
Total Liabilities	514.59M	589.22M	901.73M	1.12B	1.25B
Total Equity+	73.03M	77.27M	162.73M	164.9M	168.27M
Equity Growth %	-	0.06%	1.11%	0.01%	0.02%
Equity / Assets (Capital Ratio)	-	-	-	-	-
Return on Equity (ROE)	0.07%	0.05%	0.02%	0.03%	0.02%
Book Value per Share	5.97	6.32	19.24	19.35	20.16
Tangible BV per Share	-	-	-	-	-
Common Stock	0	0	92K	93K	91K
Additional Paid-in Capital	0	0	89.29M	87.43M	86.19M
Retained Earnings	73.31M	77.36M	80.08M	83.85M	87.84M
Accumulated OCI	-280K	-83K	249K	129K	382K
Treasury Stock	0	0	0	0	0
Preferred Stock	0	0	0	0	0

Cash Flow

	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	5.08M	6.45M	7.77M	6.43M	6.3M
Operating CF Growth %	-	0.27%	0.2%	-0.17%	-0.02%
Net Income	4.86M	4.04M	2.72M	4.46M	3.99M
Depreciation & Amortization	350K	300K	302K	279K	302K
Deferred Taxes	-434K	-1.12M	-1.5M	-111K	-250K
Other Non-Cash Items	-427K	1.84M	4.59M	762K	111K
Working Capital Changes	728K	1.39M	1.1M	310K	274K
Cash from Investing+	-55.67M	-68.22M	-389.34M	-157.29M	-95.29M
Purchase of Investments	-39.48M	-26.9M	-22.63M	-8.29M	-15.5M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-
Acquisitions	0	0	0	0	0
Other Investing	-40.12M	-55.18M	-376.92M	-157.53M	-97.44M
Cash from Financing+	63.59M	71.33M	390.64M	207.84M	127.57M
Dividends Paid	0	0	0	0	0
Share Repurchases	0	0	0	-2.23M	-2.72M
Stock Issued	0	0	79.25M	0	0
Net Stock Activity	-	-	-	-	-
Debt Issuance (Net)	-1000K	-1000K	1000K	1000K	0
Other Financing	67.58M	80.33M	146.4M	150.06M	130.29M
Net Change in Cash+	12.99M	9.56M	9.07M	56.99M	38.58M
Exchange Rate Effect	0	0	0	0	0
Cash at Beginning	30.42M	43.41M	52.98M	62.05M	119.04M
Cash at End	43.41M	52.98M	62.05M	119.04M	157.62M
Interest Paid	5.68M	3.65M	4.83M	28.53M	42.04M
Income Taxes Paid	2.22M	2.41M	1.98M	2.26M	1.57M
Free Cash Flow+	4.97M	6.34M	7.55M	6.1M	6.24M
FCF Growth %	-	0.28%	0.19%	-0.19%	0.02%

Banking Ratios

Metric	2020	2021	2022	2023	2024
Return on Equity (ROE)	6.65%	5.38%	2.27%	2.72%	2.4%
Return on Assets (ROA)	0.83%	0.64%	0.31%	0.38%	0.3%
Net Interest Margin	2.7%	2.8%	2.22%	1.94%	1.76%
Efficiency Ratio	45.26%	59.69%	60.89%	34.13%	30.27%
Equity / Assets	12.43%	11.59%	15.29%	12.88%	11.87%
Book Value / Share	5.97	6.32	19.24	19.35	20.16
NII Growth	-	17.94%	26.47%	4.86%	0.8%

Frequently Asked Questions

Valuation & Price

ECB Bancorp, Inc. (ECBK) has a price-to-earnings (P/E) ratio of 36.1x. This suggests investors expect higher future growth.

Growth & Financials

ECB Bancorp, Inc. (ECBK) grew revenue by 22.3% over the past year. This is strong growth.

Yes, ECB Bancorp, Inc. (ECBK) is profitable, generating $6.6M in net income for fiscal year 2024 (5.8% net margin).

Dividend & Returns

ECB Bancorp, Inc. (ECBK) has a return on equity (ROE) of 2.4%. This is below average, suggesting room for improvement.

Industry Metrics

ECB Bancorp, Inc. (ECBK) has a net interest margin (NIM) of 1.8%. NIM has been under pressure due to interest rate environment.

ECB Bancorp, Inc. (ECBK) has an efficiency ratio of 30.3%. This is excellent, indicating strong cost control.

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