WHITE PLAINS, N.Y., Feb. 19, 2026 (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 21, 2026. About NorthEast Community Bancorp NorthEast Community Bancorp, headquartered at 325 Hamilton Avenue, White Plains, New York 10601, is the holding company for NorthEast Community Bank, which conducts business through its eleven branch offices loca ...

Core Viewpoint - NorthEast Community Bancorp, Inc. has announced its annual meeting of stockholders will take place on May 21, 2026 [1] Company Overview - NorthEast Community Bancorp is headquartered in White Plains, New York, and serves as the holding company for NorthEast Community Bank [2] - The bank operates through eleven branch offices located in Bronx, New York, and various counties in New York and Massachusetts [2] - Additionally, the bank has three loan production offices situated in New City, White Plains, and Danvers [2]

Financial Performance - Net income for Q4 2025 was $10.8 million, or $0.81 per basic share, compared to $10.2 million, or $0.78 per basic share in Q4 2024, representing a 5.9% increase in net income year-over-year [2]. - For the full year 2025, net income was $44.4 million, or $3.35 per basic share, down from $47.1 million, or $3.58 per basic share in 2024, indicating a 5.7% decrease in annual net income [2]. - Basic earnings per share increased to $0.81 in Q4 2025 from $0.78 in Q4 2024, while diluted earnings per share rose to $0.79 from $0.75 [67]. - The net income for the year ended December 31, 2025, was $44,413,000, down from $47,074,000 in 2024, a decrease of approximately 5.6% [65]. Asset and Loan Growth - Total assets increased by $53.9 million, or 2.7%, to $2.1 billion at December 31, 2025, driven by a $47.8 million increase in net loans [4]. - Loans, net of the allowance for credit losses, rose by $47.8 million, or 2.6%, to $1.9 billion, with significant growth in multi-family loans, which increased by $99.9 million [9]. - Total assets increased to $2,063,508,000 as of December 31, 2025, compared to $2,009,581,000 in 2024, reflecting a growth of approximately 2.7% [63]. - Net loans reached $1,855,603,000, up from $1,807,768,000 in the previous year, indicating an increase of about 2.6% [63]. - Total loans increased to $1,860,334 in 2025 from $1,812,598 in 2024, with a gross loan portfolio of $1,860,066 [67]. - The loan portfolio composition showed a significant increase in multi-family loans to $306,508 in 2025 from $206,606 in 2024 [67]. Equity and Capital - Total stockholders' equity increased by $33.4 million, or 10.5%, to $351.7 million, reflecting strong performance and retained earnings [23]. - The Company's total stockholders' equity to assets ratio was 17.04% as of December 31, 2025 [55]. - The total capital to risk-weighted assets ratio increased to 15.62% in 2025 from 13.92% in 2024, indicating stronger capital adequacy [67]. Income and Expenses - Net interest income for Q4 2025 was $25.5 million, a slight increase of $160,000, or 0.6%, compared to Q4 2024 [24]. - Total interest and dividend income decreased by $5.9 million, or 3.7%, to $154.1 million for the year ended December 31, 2025, from $160.0 million for the year ended December 31, 2024 [38]. - Net interest income was $100.7 million for the year ended December 31, 2025, a decrease of $2.1 million, or 2.0%, from $102.8 million for the year ended December 31, 2024 [37]. - Non-interest income for the quarter ended December 31, 2025 was $987,000, an increase of $838,000, or 562.4%, from $149,000 for the same quarter in 2024 [32]. - Non-interest income increased significantly to $4,094,000 in 2025, compared to $2,783,000 in 2024, marking an increase of approximately 47.3% [65]. - Non-interest expense increased by $3.6 million, or 9.2%, to $42.7 million for the year ended December 31, 2025, from $39.1 million for the year ended December 31, 2024 [49]. - Total non-interest expenses rose to $42,668,000 in 2025, up from $39,062,000 in 2024, reflecting an increase of about 9.0% [65]. Credit Quality - The allowance for credit losses related to loans decreased to $4.7 million, or 0.25% of total loans, from $4.8 million, or 0.27% in the previous year [11]. - The allowance for credit losses related to loans was $4.7 million, or 0.25% of total loans, as of December 31, 2025, compared to $4.8 million, or 0.27% of total loans, as of December 31, 2024 [53]. - The Company recorded a credit loss expense reduction of $334,000 for the quarter ended December 31, 2025, compared to a credit loss expense of $1.0 million for the same quarter in 2024 [28]. - The Company had no non-performing assets at December 31, 2025, compared to $5.1 million at December 31, 2024 [51]. - Non-performing assets decreased to $0 in 2025 from $5,120 in 2024, reflecting improved asset quality [67]. Efficiency and Management - The efficiency ratio improved to 42.31% for Q4 2025, down from 43.0% in Q4 2024, indicating better cost management [6]. - The efficiency ratio worsened to 42.31% in Q4 2025 from 38.99% in Q4 2024, indicating increased operational costs relative to income [67]. - Return on average total assets improved to 2.11% in Q4 2025 from 2.04% in Q4 2024, while return on average shareholders' equity decreased to 12.32% from 12.90% [67]. - Average interest-earning assets increased to $1,965,215 in Q4 2025 from $1,912,471 in Q4 2024, contributing to interest income generation [69]. - The average interest-earning assets to interest-bearing liabilities ratio improved to 139.48% in Q4 2025 from 136.79% in Q4 2024, indicating better asset management [69]. Stock Repurchase - The Company commenced its third stock repurchase program on December 10, 2025, with plans to repurchase 1,400,435 shares, or 10%, of the Company's issued and outstanding common stock [59].

分组1 - Northeast Community Bancorp (NECB) reported quarterly earnings of $0.79 per share, missing the Zacks Consensus Estimate of $0.85 per share, and showing a decrease from $0.80 per share a year ago, resulting in an earnings surprise of -7.06% [1] - The company posted revenues of $26.45 million for the quarter ended December 2025, which was 2.6% below the Zacks Consensus Estimate, compared to $25.45 million in the same quarter last year [2] - Over the last four quarters, Northeast Community Bancorp has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] 分组2 - The stock has gained approximately 2.4% since the beginning of the year, outperforming the S&P 500's gain of 1.9% [3] - The current consensus EPS estimate for the upcoming quarter is $0.79 on revenues of $26.77 million, and for the current fiscal year, it is $3.39 on revenues of $112.91 million [7] - The Zacks Industry Rank for Banks - Northeast is currently in the top 23% of over 250 Zacks industries, indicating a favorable outlook for the industry [8]

Financial Performance - The company reported a net income of $10.8 million for Q4 2025, an increase from $10.2 million in Q4 2024, translating to $0.81 per basic share compared to $0.78 per basic share in the previous year [1] - For the year ended December 31, 2025, net income was $44.4 million, down from $47.1 million in 2024, with earnings per share of $3.35 compared to $3.58 [1] Loan Portfolio and Demand - The company experienced strong performance in its loan portfolio, with outstanding unfunded commitments exceeding $680 million as of December 31, 2025 [2] - Loans, net of the allowance for credit losses, increased by $47.8 million, or 2.6%, to $1.9 billion, driven by a $99.9 million increase in multi-family loans [8] - The company originated loans totaling $860.7 million in 2025, primarily in construction and multi-family loans [9] Balance Sheet Highlights - Total assets increased by $53.9 million, or 2.7%, to $2.1 billion as of December 31, 2025, primarily due to increases in net loans and equity securities [3] - Total stockholders' equity rose by $33.4 million, or 10.5%, to $351.7 million, representing 17.04% of total assets [6][23] Interest Income and Expense - Net interest income for Q4 2025 was $25.5 million, a slight increase from $25.3 million in Q4 2024, attributed to a decrease in interest expense [24] - Total interest and dividend income decreased by $1.9 million, or 4.6%, to $38.6 million for Q4 2025, primarily due to a decrease in yield on interest-earning assets [25] Asset Quality - The company maintained strong asset quality with no non-performing loans as of December 31, 2025, compared to $5.1 million in non-performing assets in 2024 [6][53] - The allowance for credit losses related to loans decreased to $4.7 million, or 0.25% of total loans, from $4.8 million, or 0.27% of total loans, in the previous year [10][55] Non-Interest Income and Expenses - Non-interest income for Q4 2025 was $987,000, a significant increase from $149,000 in Q4 2024, driven by unrealized gains on equity securities [33] - Non-interest expenses increased by $1.3 million, or 12.8%, to $11.2 million for Q4 2025, primarily due to higher salaries and employee benefits [36] Capital and Regulatory Compliance - The company's capital position remains strong, with a tier 1 leverage capital ratio of 16.39% and a total risk-based capital ratio of 15.62% as of December 31, 2025 [58] - The company has the ability to borrow $768.8 million from the Federal Reserve Bank of New York, indicating a robust liquidity position [57]

Core Insights - The analysis of Northeast Community Bancorp, Inc. (NECB) was initiated in April during a period of economic uncertainty due to tariffs and trade wars, highlighting the potential impact on the US economy [1] Company Analysis - The stock of Northeast Community Bancorp, Inc. (NECB) was identified as an opportunity for investment, particularly due to its lesser visibility among average investors [1] Market Perspective - The belief in the efficiency of financial markets is emphasized, suggesting that most stocks reflect their real current value, with the best profit opportunities arising from less-followed stocks or those mispriced in their markets [1]

Group 1 - The article does not provide any specific content related to a company or industry [1]

Core Points - NorthEast Community Bancorp, Inc. has authorized a third stock repurchase program to acquire up to 1,400,435 shares, representing 10% of the currently issued and outstanding common stock [1] - The previous stock repurchase program, announced on May 30, 2023, allowed for the purchase of up to 1,509,218 shares, of which 1,091,174 shares were repurchased at an average cost of $15.78 per share [2] - The new program allows for repurchases in open market transactions or privately negotiated transactions, following a trading plan in accordance with SEC Rule 10b5-1 [3] Program Details - The timing and actual number of shares repurchased will depend on various factors including price, corporate and regulatory requirements, market conditions, and corporate liquidity needs [4] - The stock repurchase program does not obligate the company to purchase any specific number of shares and may be extended, modified, or discontinued at any time [4] Company Overview - NorthEast Community Bancorp is headquartered in White Plains, New York, and is the holding company for NorthEast Community Bank, which operates eleven branch offices in New York and Massachusetts [5]

Core Insights - The article emphasizes the importance of value investing and highlights specific stocks that exhibit strong value characteristics, particularly Business First Bancshares (BFST) and Northeast Community Bancorp (NECB) [2][9] Company Analysis: Business First Bancshares (BFST) - BFST has a Zacks Rank of 2 (Buy) and a Value grade of A, indicating strong potential for value investors [4] - The stock is currently trading at a P/E ratio of 8.38, which is lower than the industry average of 8.58 [4] - BFST's P/B ratio stands at 0.93, compared to the industry's average of 0.95, suggesting it is undervalued [5] - The P/S ratio for BFST is 1.41, which is more favorable than the industry's average P/S of 1.8 [6] - The P/CF ratio for BFST is 8.69, significantly lower than the industry's average of 16.15, indicating strong cash flow relative to its valuation [7] Company Analysis: Northeast Community Bancorp (NECB) - NECB also holds a Zacks Rank of 2 (Buy) and a Value grade of A, making it a strong candidate for value investment [8] - The P/B ratio for NECB is 0.89, which is below the industry average of 0.95, indicating potential undervaluation [8] Summary of Value Metrics - Both BFST and NECB exhibit key valuation metrics that suggest they are likely undervalued in the current market, supported by their strong earnings outlook [9]

Financial Performance - Net income for the three months ended September 30, 2025, was $11.9 million, a decrease of $821,000, or 6.5%, compared to $12.7 million for the same period in 2024 [156]. - Net income for the nine months ended September 30, 2025, was $33.6 million, a decrease of $3.2 million, or 8.8%, compared to $36.9 million for the same period in 2024 [180]. - Non-interest income decreased by $335,000, or 24.8%, to $1.0 million for the three months ended September 30, 2025, from $1.3 million for the same period in 2024 [165]. - Non-interest income for the nine months ended September 30, 2025, increased by $473,000, or 18.0%, to $3.1 million compared to $2.6 million for the same period in 2024 [191]. Income and Expenses - Net interest income decreased by $347,000, or 1.3%, to $25.9 million for the three months ended September 30, 2025, from $26.3 million for the same period in 2024 [157]. - Interest expense decreased by $1.6 million, or 10.5%, to $13.3 million for the three months ended September 30, 2025, from $14.9 million for the same period in 2024 [159]. - Non-interest expense increased by $390,000, or 3.9%, to $10.4 million for the three months ended September 30, 2025, from $10.0 million for the same period in 2024 [168]. - Non-interest expense rose by $2.3 million, or 8.0%, to $31.5 million for the nine months ended September 30, 2025, from $29.1 million in 2024 [194]. Assets and Liabilities - Total assets increased by $46.7 million, or 2.3%, to $2.1 billion at September 30, 2025, from $2.0 billion at December 31, 2024 [137]. - Loans, net of the allowance for credit losses, increased by $61.2 million, or 3.4%, to $1.9 billion at September 30, 2025, from $1.8 billion at December 31, 2024 [141]. - Total deposits decreased by $155.0 million, or 9.3%, to $1.5 billion at September 30, 2025, from $1.7 billion at December 31, 2024 [149]. - Stockholders' equity increased by $25.7 million, or 8.1%, to $344.0 million at September 30, 2025, from $318.3 million at December 31, 2024 [155]. Credit Quality - The allowance for credit losses related to loans decreased to $4.7 million as of September 30, 2025, from $4.8 million as of December 31, 2024 [143]. - Charge-offs increased to $678,000 during the nine months ended September 30, 2025, compared to $115,000 during the same period in 2024 [189]. - The net charge-offs for the nine months ended September 30, 2025, totaled $144,000, a decrease from $1,347,000 for the same period in 2024 [221]. - Non-performing assets decreased significantly to $545,000 at September 30, 2025, from $5.1 million at December 31, 2024, reflecting improved asset quality [215]. Liquidity - The company's liquidity ratios averaged 5.4% for Cash Liquidity, 7.7% for On Balance Sheet Liquidity, and 61.2% for On Balance Sheet Liquidity & Borrowing Capacity for the nine months ended September 30, 2025 [224]. - As of September 30, 2025, the Company's liquidity ratios were 71.1% for Cash and Borrowing Capacity/Total Non-Contractual Deposits and 95.5% for Cash, Borrowing Capacity and Sourced Deposits Capacity/Total Non-Contractual Deposits, indicating sufficient liquidity resources [232]. - The Company had an available borrowing limit of $740.2 million from the Federal Reserve Bank of New York as of September 30, 2025, down from $834.7 million at December 31, 2024 [238]. Interest Rate Risk - Net interest income is projected to increase by approximately 8.29% to 16.52% in a rising interest rate environment over a one-year time horizon, while it would decrease by approximately 9.05% to 18.24% in a declining interest rate environment [255]. - The Company has established an interest rate floor of zero percent for measuring interest rate risk, indicating a proactive approach to managing interest rate exposure [256]. Other Financial Metrics - The effective income tax rate was 28.5% for the three months ended September 30, 2025, compared to 27.8% for the same period in 2024 [179]. - The effective income tax rate for the nine months ended September 30, 2025, was 28.0%, slightly down from 28.1% in 2024 [205]. - The average interest-earning assets to interest-bearing liabilities ratio improved to 141.28% for the three months ended September 30, 2025 [208]. - The total loans outstanding increased to $1,873,598,000 as of September 30, 2025, compared to $1,812,598,000 at December 31, 2024 [219].