Northeast Community Bancorp, Inc. (NECB) 10-Year Financial Performance & Capital Metrics

NECB • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingNortheast Community Banks

AboutNortheast Community Bancorp, Inc. operates as the holding company for NorthEast Community Bank that provides financial services for individuals and businesses. It accepts various deposit instruments, including checking accounts, money market accounts, regular savings accounts, and non-interest bearing demand accounts. The company also offers construction, commercial and industrial, multifamily and mixed-use real estate, non-residential real estate loans, and consumer loans. In addition, it invests in various types of liquid assets, including U.S. Treasury obligations, municipal securities, deposits at the Federal Home Loan Bank of New York, and certificates of deposit of federally insured institutions, as well as securities of various federal agencies, and of state and municipal governments. Further, the company offers investment advisory and financial planning services; and life insurance products and fixed-rate annuities. It operates seven full-service branches in New York and three full-service branches in Massachusetts; and loan production offices in White Plains and New City, New York, as well as Danvers, Massachusetts. The company was founded in 1934 and is based in White Plains, New York.Show more

Net Interest Income $103M +5.8%
Total Revenue $160M +19.6%
Net Income $47M +1.7%
Return on Equity 15.75% -7.9%
Net Interest Margin 5.12% -7.2%
Efficiency Ratio 22.59% -7.6%
ROA 2.49% -14.0%
Equity / Assets 15.84%
Book Value per Share 23.83 +18.9%
Tangible BV/Share 23.83 +18.9%
Debt/Equity 0.01 -94.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Strong 5Y profit CAGR of 29.4%
✓Strong NIM of 5.1%
✓Efficient operations: 22.6% efficiency ratio
✓Well capitalized: 15.8% equity/assets
✓Healthy dividend yield of 2.5%

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y22.03%

5Y22.6%

3Y46.58%

TTM-

Profit (Net Income) CAGR

10Y39.42%

5Y29.44%

3Y58.13%

TTM-10.5%

EPS CAGR

10Y38.05%

5Y26.66%

3Y67.43%

TTM-10.83%

ROCE

10Y Avg9.22%

5Y Avg12.85%

3Y Avg16.52%

Latest18.7%

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 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	18.2M	23.2M	30.81M	38.34M	39.65M	39M	43.3M	63.88M	97.19M	102.79M
NII Growth %	0.1%	0.27%	0.33%	0.24%	0.03%	-0.02%	0.11%	0.48%	0.52%	0.06%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	22.26M	28.59M	37.34M	47.82M	54.68M	48.98M	48.4M	72M	132.49M	160.01M
Interest Expense	4.05M	5.38M	6.53M	9.48M	15.03M	9.98M	5.1M	8.13M	35.3M	57.22M
Loan Loss Provision	434K	146K	51K	1.11M	727K	814K	3.61M	439K	972K	740K
Non-Interest Income+	1.86M	2.17M	2.71M	2.71M	3.02M	2.57M	2.35M	1.58M	1.22M	-168K
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	24.12M	30.76M	40.04M	50.53M	57.7M	51.55M	50.75M	73.59M	133.7M	159.84M
Revenue Growth %	0.1%	0.28%	0.3%	0.26%	0.14%	-0.11%	-0.02%	0.45%	0.82%	0.2%
Non-Interest Expense	16.1M	17.09M	18.94M	23.13M	25.01M	25.15M	26.47M	30.59M	32.69M	36.11M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	3.54M	8.14M	14.53M	16.81M	17.09M	15.61M	15.57M	34.43M	64.74M	65.77M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.42%	1.3%	0.78%	0.16%	0.02%	-0.09%	-0%	1.21%	0.88%	0.02%
Pretax Income+	3.54M	8.14M	14.53M	16.81M	16.93M	15.61M	15.57M	34.43M	64.74M	65.77M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	1.19M	3.12M	6.48M	3.79M	3.98M	3.28M	3.67M	9.59M	18.46M	18.7M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	2.34M	5.03M	8.05M	13.03M	12.95M	12.33M	11.9M	24.84M	46.28M	47.07M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.38%	1.15%	0.6%	0.62%	-0.01%	-0.05%	-0.03%	1.09%	0.86%	0.02%
Net Income (Continuing)	2.34M	5.03M	8.05M	13.03M	12.95M	12.33M	11.9M	24.84M	46.28M	47.07M
EPS (Diluted)+	0.20	0.42	0.67	1.09	1.08	0.76	0.75	1.58	3.32	3.52
EPS Growth %	0.43%	1.1%	0.6%	0.63%	-0.01%	-0.3%	-0.01%	1.11%	1.1%	0.06%
EPS (Basic)	0.20	0.42	0.67	1.09	1.08	0.76	0.75	1.61	3.32	3.58
Diluted Shares Outstanding	11.97M	11.97M	11.98M	12M	12.03M	16.15M	15.85M	15.73M	13.94M	13.36M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	28.47M	43.82M	0	51.35M	127.78M	69.29M	152.37M	95.41M	68.77M	78.36M
Short Term Investments	35K	1000K	0	1000K	5K	2K	1K	1K	0	0
Total Investments+	512.76M	634.14M	35.49M	762.65M	767.08M	837.45M	1.01B	1.26B	1.62B	1.84B
Investments Growth %	0.19%	0.24%	-0.94%	20.49%	0.01%	0.09%	0.2%	0.25%	0.29%	0.14%
Long-Term Investments	512.73M	630.19M	35.49M	753.88M	767.08M	837.45M	1.01B	1.26B	1.62B	1.84B
Accounts Receivables	1000K	1000K	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	749K	749K	749K	749K	749K	651K	651K	200K	0	0
Intangible Assets	223K	162K	101K	40K	0	0	0	0	0	0
PP&E (Net)	12.15M	14.06M	13.05M	15.45M	20.14M	22.13M	26.83M	28.73M	30.37M	29.15M
Other Assets	37.34M	39.02M	713.51M	35.86M	35.47M	34.86M	35.02M	35.37M	36.92M	44.21M
Total Current Assets	30.42M	50.32M	49.44M	64.35M	131.74M	73.13M	156.65M	104.01M	81.08M	91.84M
Total Non-Current Assets	563.19M	682.18M	766.09M	813.95M	823.44M	895.09M	1.07B	1.32B	1.68B	1.92B
Total Assets+	593.61M	734.82M	815.52M	871.69M	955.17M	968.22M	1.23B	1.42B	1.76B	2.01B
Asset Growth %	0.15%	0.24%	0.11%	0.07%	0.1%	0.01%	0.27%	0.16%	0.24%	0.14%
Return on Assets (ROA)	0%	0.01%	0.01%	0.02%	0.01%	0.01%	0.01%	0.02%	0.03%	0.02%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	56.17M	70.25M	62.87M	42.46M	22.58M	31.57M	31.1M	23.9M	69.2M	4.72M
Net Debt	27.71M	26.43M	62.87M	-8.99M	-105.19M	-37.72M	-121.27M	-71.51M	425K	-73.64M
Long-Term Debt	56.17M	70.25M	22.46M	42.46M	21M	28M	28M	21M	64M	0
Short-Term Debt	0	0	40.41M	0	0	0	0	0	0	0
Other Liabilities	8.15M	0	209.59M	0	11.32M	11.12M	15.42M	17.12M	15.58M	16.15M
Total Current Liabilities	424.23M	545.35M	465.87M	687.1M	779.16M	771.71M	927.16M	1.12B	1.4B	1.67B
Total Non-Current Liabilities	64.32M	79.71M	232.76M	53.61M	33.9M	42.69M	46.52M	41.02M	84.77M	20.86M
Total Liabilities	488.56M	625.28M	698.63M	740.71M	813.06M	814.4M	973.69M	1.16B	1.48B	1.69B
Total Equity+	105.05M	109.45M	116.9M	129.62M	142.11M	153.82M	251.38M	261.99M	279.32M	318.34M
Equity Growth %	0.01%	0.04%	0.07%	0.11%	0.1%	0.08%	0.63%	0.04%	0.07%	0.14%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.02%	0.05%	0.07%	0.11%	0.1%	0.08%	0.06%	0.1%	0.17%	0.16%
Book Value per Share	8.78	9.14	9.76	10.80	11.82	9.52	15.86	16.66	20.04	23.83
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	132K	132K	132K	132K	132K	132K	164K	161K	142K	140K
Additional Paid-in Capital	56.94M	56.86M	56.83M	56.86M	56.9M	56.9M	145.34M	136.43M	109.92M	110.09M
Retained Earnings	57.33M	61.79M	69.28M	81.79M	93.77M	105.31M	114.32M	132.67M	175.5M	213.97M
Accumulated OCI	-4K	-183K	-240K	-322K	-101K	-185K	-139K	156K	317K	224K
Treasury Stock	-6.76M	-6.82M	-7.03M	-7.03M	-7.03M	-7.03M	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	2.79M	5.43M	8.75M	12.63M	13.48M	15.66M	21.56M	27.54M	42.84M	48.69M
Operating CF Growth %	-0.37%	0.95%	0.61%	0.44%	0.07%	0.16%	0.38%	0.28%	0.56%	0.14%
Net Income	2.34M	5.03M	8.05M	13.03M	12.95M	12.33M	11.9M	24.84M	46.28M	47.07M
Depreciation & Amortization	721K	759K	813K	818K	916K	1.07M	1.12M	1.25M	1.22M	1.19M
Deferred Taxes	120K	-156K	1.33M	418K	-256K	-33K	118K	-1.31M	-367K	-467K
Other Non-Cash Items	218K	-329K	-1.97M	-787K	-1.42M	76K	3.47M	2.84M	56K	711K
Working Capital Changes	-801K	-46K	297K	-1.14M	983K	1.97M	4.01M	-1.36M	-7.4M	-3.65M
Cash from Investing+	-84.17M	-125.23M	-79.19M	-45.77M	-6.58M	-72.12M	-178.86M	-256.59M	-357.84M	-233.99M
Purchase of Investments	0	-4M	-6.9M	-2M	-5.19M	-189K	-25.3M	-10.04M	-812K	-4.1M
Sale/Maturity of Investments	1000K	1000K	910K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	0	0	0	0	0
Other Investing	-84.53M	-119.08M	-71.86M	-42.01M	1.56M	-72.63M	-151.92M	-244.74M	-367.59M	-230.62M
Cash from Financing+	75.19M	135.15M	70.87M	40.89M	69.43M	-2.03M	240.38M	172.09M	288.37M	194.89M
Dividends Paid	-561K	-562K	-563K	-566K	-788K	-1.01M	-2.26M	-6.87M	-3.65M	-7.86M
Share Repurchases	-758K	-58K	-217K	0	0	0	0	-9.32M	-28.71M	-3.2M
Stock Issued	0	0	0	0	0	0	95.39M	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	-1000K	-1000K	-1000K	1000K	-1000K	-1000K	1000K	-1000K
Other Financing	50.34M	121.69M	79.03M	61.87M	91.68M	-8.02M	155.08M	195.28M	277.73M	269.95M
Net Change in Cash+	-6.19M	15.36M	428K	7.75M	76.32M	-58.48M	83.08M	-56.96M	-26.64M	9.59M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	34.01M	27.82M	43.17M	43.6M	51.35M	127.67M	69.19M	152.27M	95.31M	68.67M
Cash at End	27.82M	43.17M	43.6M	51.35M	127.67M	69.19M	152.27M	95.31M	68.67M	78.26M
Interest Paid	4.06M	5.38M	6.52M	9.36M	15.16M	9.98M	4.98M	8.01M	34.85M	56.58M
Income Taxes Paid	950K	2.61M	5.34M	4.29M	4.76M	3.42M	3.57M	9.2M	20.72M	22.11M
Free Cash Flow+	1.69M	2.24M	7.41M	9.48M	9.44M	14.4M	15.11M	24.23M	42.21M	48.17M
FCF Growth %	-0.6%	0.32%	2.31%	0.28%	-0%	0.53%	0.05%	0.6%	0.74%	0.14%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	2.24%	4.69%	7.11%	10.57%	9.53%	8.33%	5.88%	9.68%	17.1%	15.75%
Return on Assets (ROA)	0.42%	0.76%	1.04%	1.54%	1.42%	1.28%	1.09%	1.87%	2.9%	2.49%
Net Interest Margin	3.07%	3.16%	3.78%	4.4%	4.15%	4.03%	3.53%	4.48%	5.51%	5.12%
Efficiency Ratio	66.74%	55.56%	47.3%	45.77%	43.35%	48.78%	52.15%	41.57%	24.45%	22.59%
Equity / Assets	17.7%	14.9%	14.33%	14.87%	14.88%	15.89%	20.52%	18.39%	15.83%	15.84%
Book Value / Share	8.78	9.14	9.76	10.8	11.82	9.52	15.86	16.66	20.04	23.83
NII Growth	10.29%	27.48%	32.78%	24.44%	3.4%	-1.63%	11.03%	47.51%	52.16%	5.76%
Dividend Payout	23.95%	11.18%	6.99%	4.34%	6.08%	8.18%	18.99%	27.65%	7.89%	16.7%

Frequently Asked Questions

Valuation & Price

Northeast Community Bancorp, Inc. (NECB) has a price-to-earnings (P/E) ratio of 6.6x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Northeast Community Bancorp, Inc. (NECB) grew revenue by 19.6% over the past year. This is strong growth.

Yes, Northeast Community Bancorp, Inc. (NECB) is profitable, generating $43.8M in net income for fiscal year 2024 (29.4% net margin).

Dividend & Returns

Yes, Northeast Community Bancorp, Inc. (NECB) pays a dividend with a yield of 2.52%. This makes it attractive for income-focused investors.

Northeast Community Bancorp, Inc. (NECB) has a return on equity (ROE) of 15.8%. This is reasonable for most industries.

Industry Metrics

Northeast Community Bancorp, Inc. (NECB) has a net interest margin (NIM) of 5.1%. This indicates healthy earnings from lending activities.

Northeast Community Bancorp, Inc. (NECB) has an efficiency ratio of 22.6%. This is excellent, indicating strong cost control.

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