NorthEast Community Bancorp Q1 2026 Earnings Results and Financial Performance

NorthEast Community Bancorp reported Q1 2026 net income of $10.0 million ($0.76 basic EPS), down from $10.6 million ($0.80 basic EPS) in Q1 2025. The company maintained strong performance metrics with a return on average total assets of 1.97% and return on average shareholders' equity of 11.13%. Total assets decreased to $2.0 billion from $2.1 billion, primarily due to decreases in net loans ($31.8 million) and cash equivalents. Construction loan commitments increased 37.8% year-over-year, with over $819 million in total unfunded commitments. Asset quality remained excellent with no non-performing loans and a 0.00% non-performing assets ratio. Net interest income decreased slightly to $24.1 million from $24.3 million, while net interest margin declined to 4.99% from 5.11%. The company continued its stock repurchase program, repurchasing 196,438 shares at a cost of $4.5 million during the quarter.