NorthEast Community Bancorp Reports Q2 2025 Earnings

Northeast Community ( (NECB) ) has released its Q2 earnings. Here is a breakdown of the information Northeast Community presented to its investors.

NorthEast Community Bancorp, Inc. is a financial institution based in White Plains, New York, operating primarily in the banking sector with a focus on construction lending and cooperative building loans across New York and Massachusetts.

In its latest earnings report for the period ending June 30, 2025, NorthEast Community Bancorp reported a net income of $11.2 million for the second quarter, a decrease from $12.8 million in the same period last year. For the first half of 2025, the company achieved a net income of $21.7 million, down from $24.2 million in the first half of 2024.

Key financial metrics for the quarter included a return on average total assets of 2.27% and a return on average shareholders’ equity of 13.37%. The company maintained strong asset quality with no non-performing loans and a low non-performing assets ratio of 0.04%. Despite a decrease in total assets and deposits, the company saw an increase in stockholders’ equity and continued to focus on strategic loan origination, particularly in multi-family and construction loans.

The company faced a decrease in net interest income due to lower interest income and a reduced yield on interest-earning assets, although it managed to lower interest expenses. Non-interest income saw a significant increase, driven by gains on equity securities and higher loan fees. Non-interest expenses rose due to increased salaries and operational costs.

Looking ahead, NorthEast Community Bancorp remains focused on its strategic lending initiatives and maintaining strong asset quality, despite economic uncertainties. The management continues to explore diverse funding sources and aims to optimize its financial performance in the coming quarters.