Northeast Community Bancorp

Northeast Community Bancorp, Inc. operates as a bank holding company. The firm offers a comprehensive line of banking products and services, including mobile banking, commercial real estate loans, commercial construction financing, lines of credit and term loans. Its business banking services include remote deposit, online banking and bill payment, online financial management tools, ACH services, business checking, sweep accounts, overdraft protection and wealth management services. The company was founded on July 5, 2006 and is headquartered in White Plains, NY.

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Northeast Community Bancorp, Inc. is a bank holding company, which offers a comprehensive line of banking products and services, including mobile banking, commercial real estate loans, commercial construction financing, lines of credit, and term loans. Its business banking services include remote deposit, online banking and bill payment, online financial management tools, ACH services, business checking, sweep accounts, overdraft protection, and wealth management services. The company was founded on July 5, 2006 and is headquartered in White Plains, NY.

WHITE PLAINS, N.Y., Feb. 22, 2024 (GLOBE NEWSWIRE) -- NorthEast Community Bancorp, Inc. (Nasdaq: NECB) (the “Company”), the holding company for NorthEast Community Bank, today announced that its annual meeting of stockholders will be held on Thursday, May 23, 2024.

NorthEast Community Bancorp, Inc. Announces Date of 2024 Annual Meeting of Stockholders

Our strategy is to invest in banks trading below TBV with overcapitalized balance sheets, solid asset quality, and shareholder-friendly management teams. We highlight a few potential ideas, including NECB and HONE. NECB trades at 84% of tangible book value and offers a potential 50% return over the next 16-18 months.

Bank Buzz: Northeast Community Bancorp Offers An Attractive Valuation And Upside

Northeast Community Bancorp (NECB) came out with quarterly earnings of $0.82 per share, beating the Zacks Consensus Estimate of $0.79 per share. This compares to earnings of $0.54 per share a year ago.

Northeast Community Bancorp (NECB) Q4 Earnings and Revenues Top Estimates

WHITE PLAINS, N.Y., Feb. 01, 2024 (GLOBE NEWSWIRE) -- NorthEast Community Bancorp, Inc. (Nasdaq: NECB) (the “Company”), the parent holding company of NorthEast Community Bank (the “Bank”), reported net income of $12.1 million and $46.3 million, or $0.82 and $3.32 per basic and diluted common share, for the fourth quarter and for the year ended December 31, 2023, respectively, compared to net income of $8.3 million and $24.8 million, or $0.54 and $1.61 per basic common share and $0.54 and $1.58 per diluted common share for the fourth quarter and for the year ended December 31, 2022, respectively.

NorthEast Community Bancorp, Inc. Reports Results for the Fourth Quarter and Year Ended December 31, 2023

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Northeast Community Bancorp (NECB) came out with quarterly earnings of $0.80 per share, beating the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $0.49 per share a year ago.

Northeast Community Bancorp (NECB) Q3 Earnings and Revenues Top Estimates

WHITE PLAINS, N.Y., Oct. 27, 2023 (GLOBE NEWSWIRE) -- NorthEast Community Bancorp, Inc. (Nasdaq: NECB) (the “Company”), the parent holding company of NorthEast Community Bank (the “Bank”), reported net income of $11.8 million and $34.2 million, or $0.80 and $2.42 per basic and $0.80 and $2.41 per diluted common share, for the three months and nine months ended September 30, 2023, respectively, compared to net income of $7.5 million and $16.6 million, or $0.49 and $1.07 per basic and diluted common share for the three months and nine months ended September 30, 2022, respectively.

NorthEast Community Bancorp, Inc. Reports Results for the Three and Nine Months Ended September 30, 2023

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Despite a strong capital position and attractive credit metrics, WMPN and NECB trade below tangible book value, a proxy for liquidation value. Both leadership teams recognize the disconnect and are actively repurchasing shares at accretive valuations. Investing in banks below tangible book value, with robust balance sheets and shareholder-friendly management teams has historically been a recipe for attractive returns.

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Northeast Community Bancorp Inc. has seen triple-digit growth in its bottom line due to higher interest rates. NECB operates in the regional bank industry and has a small market cap, making its share price volatile. The company offers financial services and loans, with a focus on construction and residential real estate. Loan growth and increasing dividends make NECB an appealing investment.

Northeast Community Bancorp: Strong Upside Potential As Bottom Line Results Impress

Northeast Community Bancorp (NECB) came out with quarterly earnings of $0.75 per share, beating the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $0.35 per share a year ago.

Northeast Community Bancorp (NECB) Surpasses Q2 Earnings and Revenue Estimates

WHITE PLAINS, N.Y., July 26, 2023 (GLOBE NEWSWIRE) -- NorthEast Community Bancorp, Inc. (Nasdaq: NECB) (the “Company”), the parent holding company of NorthEast Community Bank (the “Bank”), reported net income of $11.1 million and $22.3 million, or $0.75 and $1.56 per basic and diluted common share, for the three months and six months ended June 30, 2023 compared to net income of $5.4 million and $9.0 million, or $0.35 and $0.58 per basic and diluted common share for the three months and six months ended June 30, 2022.

NorthEast Community Bancorp, Inc. Reports Results for the Three and Six Months Ended June 30, 2023

Northeast Community Bancorp (NECB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Northeast Community Bancorp (NECB) Earnings Expected to Grow: Should You Buy?

Shares of Northeast Community Bancorp (NECB) rise 3.8% after the announcement of its second share repurchase program. Under this, the company can repurchase up to 1.5 million shares.

Northeast Community Bancorp (NECB) Up on New Buyback Program

WHITE PLAINS, N.Y.--(BUSINESS WIRE)--NorthEast Community Bancorp, Inc. (Nasdaq: NECB) (the “Company”), the holding company for NorthEast Community Bank, today announced that the Company's Board of Directors has authorized a new stock repurchase program to acquire up to 1,509,218 shares, or 10%, of the Company's currently issued and outstanding common stock. On July 27, 2022, the Company announced its first stock repurchase program, which commenced on August 1, 2022 and authorized the purchase o.

NorthEast Community Bancorp, Inc. Announces Second Stock Repurchase Program

Northeast Community Bancorp (NECB) came out with quarterly earnings of $0.77 per share, beating the Zacks Consensus Estimate of $0.61 per share. This compares to earnings of $0.23 per share a year ago.

Northeast Community Bancorp (NECB) Beats Q1 Earnings and Revenue Estimates

WHITE PLAINS, N.Y., May 01, 2023 (GLOBE NEWSWIRE) -- NorthEast Community Bancorp, Inc. (Nasdaq: NECB) (the “Company”), the parent holding company of NorthEast Community Bank (the “Bank”), reported net income of $11.2 million, or $0.77 per basic and diluted common share, for the three months ended March 31, 2023 compared to net income of $3.6 million, or $0.23 per basic and diluted common share for the three months ended March 31, 2022.

NorthEast Community Bancorp, Inc. Reports Results for the Three Months and Year Ended March 31, 2023

Northeast Community Bancorp (NECB) to Report Q1 Results: Wall Street Expects Earnings Growth

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WHITE PLAINS, N.Y., March 10, 2023 (GLOBE NEWSWIRE) -- NorthEast Community Bancorp, Inc. (Nasdaq: NECB) (the “Company”), the holding company for NorthEast Community Bank, today announced that its annual meeting of stockholders will be held on Thursday, May 25, 2023.

NorthEast Community Bancorp, Inc. Announces Date of 2023 Annual Meeting of Stockholders

If you are looking for stocks that are well positioned to maintain their recent uptrend, Northeast Community Bancorp (NECB) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.

Northeast Community Bancorp (NECB) is on the Move, Here's Why the Trend Could be Sustainable

News for Northeast Community Bancorp Stock (NECB)