NorthEast Community Bancorp, Inc. Reports Results for the Quarter Ended June 30, 2020
NorthEast Community Bancorp, Inc. (NECB)
US:NASDAQ Investor Relations:
necommunitybank.com/aboutus/investorrelations.aspx
Company Research
Source: GlobeNewswire
WHITE PLAINS, N.Y., July 31, 2020 (GLOBE NEWSWIRE) -- NorthEast Community Bancorp, Inc. (OTC: NECB) (the “Company”), a majority owned subsidiary of NorthEast Community Bancorp, MHC, and the parent holding company of NorthEast Community Bank (the “Bank”), reported net income of $2.48 million for the quarter ended June 30, 2020 compared to net income of $3.54 million for the quarter ended June 30, 2019. Results of Operations for the Six Months Ended June 30, 2020 and June 30, 2019: Net interest income for the six months ended June 30, 2020 decreased by $938,000, or 4.63%, to $19.32 million from $20.26 million for the six months ended June 30, 2019. The decrease in net interest income was due to the decrease in interest rates during the third and fourth quarters of 2019 coupled with an additional 150 basis point cut in interest rates in March 2020 in response to the COVID-19 pandemic, resulting in a compression of interest rate spread and net interest margin. Net income before taxe
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News
- Investing in Northeast Community Bancorp (NASDAQ:NECB) five years ago would have delivered you a 101% gain [Yahoo! Finance]Yahoo! Finance
- Is Northeast Community Bancorp (NECB) a Great Value Stock Right Now? [Yahoo! Finance]Yahoo! Finance
- Northeast Community Bancorp's (NASDAQ:NECB) Shareholders Will Receive A Bigger Dividend Than Last Year [Yahoo! Finance]Yahoo! Finance
- NorthEast Community Bancorp (NECB) Hikes Dividend by 66.7% [Yahoo! Finance]Yahoo! Finance
- NorthEast Community Bancorp, Inc. Announces Increased Quarterly Cash DividendGlobeNewswire
NECB
Earnings
- 2/1/24 - Beat
NECB
Sec Filings
- 4/12/24 - Form ARS
- 4/12/24 - Form DEFA14A
- 4/12/24 - Form DEF
- NECB's page on the SEC website