Revenue growth has accelerated significantly, with net interest income reaching $9.8 million in 2026Q1, though the net interest margin remains constrained at 0.6%.
| Net Interest Income | 35.1M | 31.92M | 24.99M | 24.79M | 23.64M | 18.69M | 15.85M |
| NII Growth % | 144.67% | 27.73% | 0.8% | 4.86% | 26.47% | 17.94% | - |
| Net Interest Margin % | 2.13% | 1.99% | 1.76% | 1.94% | 2.22% | 2.8% | 2.7% |
| Interest Income | 82.17M | 78.18M | 67.05M | 54.78M | 29.16M | 22.38M | 21.49M |
| Interest Expense | 47.07M | 46.26M | 42.06M | 29.99M | 5.51M | 3.68M | 5.64M |
| Loan Loss Provision | 1.7M | 1.53M | 174K | 803K | 2.94M | 360K | 293K |
| Non-Interest Income | 1.38M | 1.33M | 1.23M | 1.05M | 1.4M | 1.22M | 1.28M |
| Non-Interest Income % | 1.65% | 1.67% | 1.8% | 1.88% | 4.58% | 5.18% | 5.63% |
| Total Revenue | 83.56M | 79.51M | 68.27M | 55.83M | 30.56M | 23.6M | 22.77M |
| Revenue Growth % | 76.18% | 16.46% | 22.29% | 82.7% | 29.5% | 3.64% | - |
| Non-Interest Expense | 21.87M | 21.33M | 20.67M | 19.05M | 18.61M | 14.09M | 10.31M |
| Efficiency Ratio | 26.17% | 26.83% | 30.27% | 34.13% | 60.89% | 59.69% | 45.26% |
| Operating Income | 12.92M | 10.38M | 5.37M | 5.99M | 3.5M | 5.47M | 6.53M |
| Operating Margin % | 15.46% | 13.05% | 7.87% | 10.72% | 11.44% | 23.19% | 28.69% |
| Operating Income Growth % | - | 93.24% | -10.26% | 71.2% | -36.1% | -16.26% | - |
| Pretax Income | 12.92M | 10.38M | 5.37M | 5.99M | 3.5M | 5.47M | 6.53M |
| Pretax Margin % | 15.46% | 13.05% | 7.87% | 10.72% | 11.44% | 23.19% | 28.69% |
| Income Tax | 3.32M | 2.61M | 1.38M | 1.53M | 776K | 1.43M | 1.67M |
| Effective Tax Rate % | 25.73% | 25.12% | 25.69% | 25.55% | 22.2% | 26.12% | 25.61% |
| Net Income | 9.6M | 7.77M | 3.99M | 4.46M | 2.72M | 4.04M | 4.86M |
| Net Margin % | 11.49% | 9.78% | 5.85% | 7.98% | 8.9% | 17.13% | 21.34% |
| Net Income Growth % | 105.66% | 94.74% | -10.44% | 63.82% | -32.71% | -16.83% | - |
| Net Income (Continuing) | 9.6M | 7.77M | 3.99M | 4.46M | 2.72M | 4.04M | 4.86M |
| EPS (Diluted) | 1.16 | 0.94 | 0.48 | 0.52 | 0.32 | 0.33 | 0.40 |
| EPS Growth % | 103.61% | 95.83% | -7.69% | 62.5% | -3.03% | -17.5% | - |
| EPS (Basic) | - | 0.96 | 0.48 | 0.53 | 0.32 | 0.33 | 0.40 |
| Diluted Shares Outstanding | 8.3M | 8.31M | 8.35M | 8.52M | 8.46M | 12.23M | 12.23M |
Commercial real estate concentration
As reported in recent financial filings, ECBK achieved a significant acceleration in net interest income, which grew to $9.8 million in 2026Q1, representing a robust 47.9% year-over-year increase that suggests successful deployment of capital into interest-earning assets following the bank's recent mutual-to-stock conversion.
The sharp upward trajectory in NII indicates that the bank is effectively transitioning from a capital-heavy, low-yield posture to a more active lending model. Investors should monitor whether this growth is sustainable or if it reflects a temporary surge in asset deployment that may face headwinds from competitive deposit pricing in the Greater Boston area.
Based on the provided income statement data, ECBK has demonstrated improved operating leverage, with the efficiency ratio tightening to 26.2% in 2026Q1 from 33.2% in 2023Q4, signaling that the bank is successfully managing its fixed-cost base while expanding its revenue-generating activities.
This trend suggests that the bank is achieving better economies of scale as it grows its loan portfolio. Maintaining this efficiency ratio below 30% is critical for a small-cap institution to remain competitive against larger regional peers that benefit from broader technological and operational infrastructure.
According to the quarterly income statement, ECBK's provision for loan losses has exhibited notable volatility, swinging from a $311,000 recovery in 2024Q4 to a $1.1 million expense in 2025Q2, which highlights the inherent sensitivity of the bank's portfolio to credit cycle fluctuations.
The inconsistency in provision expense may indicate lumpy asset quality issues or a conservative approach to reserving against its concentrated commercial real estate exposure. Analysts should investigate whether these swings are driven by specific loan impairments or broader adjustments to the bank's internal credit risk models.
Despite strong revenue growth, the bank's net interest margin has remained stagnant at 0.6% throughout the most recent quarters, suggesting that funding costs are largely offsetting the yield benefits derived from the bank's recent loan portfolio expansion and asset deployment strategies.
This persistent margin compression implies that ECBK may be struggling to maintain a competitive spread in a high-rate environment, potentially due to the need to pay up for deposits to fund its growth. Investors should be cautious, as this lack of margin expansion could limit the bank's ability to drive meaningful earnings growth if loan demand softens.
Quick answers to the most common questions about buying ECBK stock.
ECB Bancorp, Inc. (ECBK) is profitable, generating $7.8M in net income for the fiscal year ending 2025 with a net profit margin of 9.8%.
ECB Bancorp, Inc. (ECBK) reported an operating income of $10.4M, resulting in an operating profit margin of 13.1%. This margin reflects the operational efficiency of the business before interest and taxes.
ECB Bancorp, Inc. (ECBK) generated $31.7M in gross profit for the year, representing a gross profit margin of 39.9%. This demonstrates the company's core pricing power and production efficiency.