NorthEast Community Bancorp, Inc.
Description
Northeast Community Bancorp, Inc. operates as the holding company for NorthEast Community Bank that provides financial services for individuals and businesses. It accepts various deposit instruments, including checking accounts, money market accounts, regular savings accounts, and non-interest bearing demand accounts, as well as certificates of deposits. The company also offers construction, commercial and industrial, multifamily and mixed-use real estate, non-residential real estate loans, and consumer loans. In addition, it invests in various types of liquid assets, including U.S. Treasury obligations, municipal securities, deposits at the Federal Home Loan Bank of New York, and certificates of deposit of federally insured institutions, as well as securities of various federal agencies, and of state and municipal governments. Further, the company offers financial planning and investment advisory services; and life insurance products and fixed-rate annuities. It operates full-service branches located in Bronx, New York, Orange, Rockland, and Sullivan Counties in New York and Essex, Middlesex, and Norfolk Counties in Massachusetts; and loan production offices located in White Plains, New York, and New City counties in New York and Danvers, Massachusetts. Northeast Community Bancorp, Inc. was founded in 1934 and is headquartered in White Plains, New York.
About
CEO
Mr. Kenneth A. Martinek
Employees
135
Instrument type
Common Stock
Sector
Financial Services
Industry
Banks - Regional
MIC code
XNCM
Address
325 Hamilton Avenue, White Plains, NY 10601, United States
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Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Jan 27, 2026 | — | — | — | — |
| Oct 27, 2025 | — | — | — | — |
| Jul 21, 2025 | — | — | — | — |
| Apr 23, 2025 | — | — | — | — |
| Oct 28, 2024 | 0.91 | 0.95 | 0.04 | 4.40% |
Earnings estimate
|
Current Quarter
(Mar 2025)
|
Next Quarter
(Jun 2025)
|
Current Year
(Dec 2025)
|
Next Year
(Dec 2026)
|
|
|---|---|---|---|---|
| Number of analysts | 1 | 1 | 1 | 1 |
| Average estimate | 0.74 | 0.75 | 3.04 | 3.17 |
| Low estimate | 0.74 | 0.75 | 3.04 | 3.17 |
| High estimate | 0.74 | 0.75 | 3.04 | 3.17 |
| Last year EPS | 0.87 | 0.97 | 3.58 | 3.04 |
[stock_revenue_estimate]
Growth estimates
Current qtr (Mar 2025)
-14.620%
Next qtr. (Jun 2025)
-22.840%
Current year (Dec 2025)
-15.130%
Next year (Dec 2026)
4.280%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 100.95M | 65.46M | 45.65M | 41.57M | 42.67M |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 20.93M | 17.25M | 17.90M | 16.60M | 15.39M |
| Other operating expenses | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | — | — | — | — | — |
| Other income expense | — | — | — | — | — |
| Pretax income | 64.74M | 34.43M | 15.57M | 15.61M | 16.93M |
| Tax provision | 18.47M | 9.59M | 3.67M | 3.28M | 3.98M |
| Net income | 46.28M | 24.84M | 11.91M | 12.33M | 12.95M |
| Basic EPS | 3.32 | 1.61 | 0.75 | 0.76 | 1.08 |
| Diluted EPS | 3.32 | 1.58 | 0.75 | 0.76 | 1.08 |
| Basic average shares | 13.93M | 15.43M | 15.85M | 16.15M | 12.03M |
| Diluted average shares | 13.93M | 15.43M | 15.85M | 16.15M | 12.03M |
| EBITDA | — | — | — | — | — |
| Net income from continuing op. | 46.28M | 24.84M | 11.91M | 12.33M | 12.95M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | — | — | — | — | — |
| Current assets | |||||
| Cash | 13.39M | 13.21M | 8.34M | 7.61M | 17.16M |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 68.77M | 95.41M | 152.37M | 69.29M | 127.78M |
| Other short term investments | — | 1,000 | 1,000 | 2,000 | 5,000 |
| Accounts receivable | 12.31M | 8.60M | 4.28M | 3.84M | 3.96M |
| Other receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Prepaid assets | — | — | — | — | — |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | — | — | — | — |
| Non current assets | |||||
| Properties | 4.92M | 2.67M | 4.40M | 4.98M | 1.52M |
| Land and improvements | 6.65M | 6.65M | 6.43M | 3.87M | 3.87M |
| Machinery furniture equipment | 8.05M | 7.88M | 7.79M | 7.18M | 6.77M |
| Construction in progress | — | — | — | — | — |
| Leases | 1.81M | 1.74M | 1.74M | 1.74M | 1.65M |
| Accumulated depreciation | -13.97M | -12.86M | -11.84M | -10.90M | -10.37M |
| Goodwill | — | 400,000 | 1.30M | 1.30M | 1.50M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | — | — | — | — | — |
| Investments and advances | 33.96M | 44.44M | 37.82M | 17.72M | 19.20M |
| Other non current assets | — | — | — | — | — |
| Total liabilities | — | — | — | — | — |
| Current liabilities | |||||
| Accounts payable | — | — | — | — | — |
| Accrued expenses | — | — | — | — | — |
| Short term debt | — | — | — | — | — |
| Deferred revenue | — | — | — | — | — |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 69.20M | 23.90M | 31.10M | 31.58M | 22.58M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | — | — | — | — | — |
| Shareholders equity | |||||
| Common stock | 142,000 | 161,000 | 164,000 | 132,000 | 132,000 |
| Retained earnings | 175.51M | 132.67M | 114.32M | 105.31M | 93.77M |
| Other shareholders equity | 317,000 | 156,000 | -139,000 | -185,000 | -101,000 |
| Total shareholders equity | 279.33M | 261.99M | 251.38M | 153.83M | 142.11M |
| Additional paid in capital | 109.92M | 136.43M | 145.34M | 56.90M | 56.90M |
| Treasury stock | — | — | — | 7.03M | 7.03M |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||
| Net Income | 46.28M | 24.84M | 11.91M | 12.33M | 12.95M | 13.03M | 8.05M | 5.03M | 2.34M | 1.70M | 1.14M | -2.51M | 2.36M | 1.87M | -2.62M | 2.10M | 12.14M | 1.56M | 1.99M | 1.56M |
| Depreciation | 1.22M | 1.25M | 1.12M | 1.07M | 916,000 | 818,000 | 813,000 | 759,000 | 721,000 | 755,000 | 817,000 | 741,000 | 712,000 | 833,000 | 762,000 | 650,000 | 589,000 | 112,000 | 664,000 | 658,000 |
| Deferred Taxes | -367,000 | -1.31M | 118,000 | -33,000 | -256,000 | 418,000 | 1.33M | -156,000 | 120,000 | 73,000 | 211,000 | -161,000 | -2.95M | 189,000 | -2.48M | -2.68M | 5.05M | -214,000 | -37,000 | -264,000 |
| Stock-Based Compensation | 3.05M | 1.28M | 931,000 | 257,000 | 299,000 | 291,000 | 233,000 | 177,000 | 191,000 | 184,000 | 164,000 | 145,000 | 160,000 | 154,000 | 196,000 | — | — | — | — | — |
| Other Non-Cash Items | -1.01M | -604,000 | -600,000 | -609,000 | -567,000 | -567,000 | -586,000 | -626,000 | -624,000 | -623,000 | -638,000 | -616,000 | -591,000 | -454,000 | -398,000 | -386,000 | -233,000 | 122,000 | — | — |
| Accounts Receivable | -3.71M | -4.31M | -445,000 | 116,000 | 171,000 | -933,000 | -646,000 | -632,000 | -462,000 | -186,000 | -291,000 | 523,000 | 205,000 | 220,000 | -139,000 | -445,000 | — | — | — | — |
| Accounts Payable | -3.83M | 1.68M | — | — | — | — | — | — | — | — | — | — | — | — | -12,000 | -7,000 | — | — | — | — |
| Other Assets & Liabilities | 149,000 | 1.27M | 830,000 | 1.75M | 482,000 | -1.66M | -204,000 | 82,000 | -814,000 | 2.20M | -10,000 | -1.82M | 1.61M | 1.44M | -5.60M | 3.05M | — | — | — | — |
| Operating Cash Flow | 41.77M | 24.10M | 13.86M | 14.88M | 14.00M | 11.40M | 8.99M | 4.63M | 1.47M | 4.10M | 1.39M | -3.71M | 1.50M | 4.25M | -10.29M | 2.29M | 17.55M | 1.58M | 2.62M | 1.96M |
| Investing Activities | ||||||||||||||||||||
| Capital Expenditures | -626,000 | -3.30M | -6.34M | -1.14M | -3.98M | -3.15M | -1.34M | -3.19M | -1.10M | -178,000 | -93,000 | -4.06M | -2.74M | 2.59M | -4.55M | -396,000 | 8.88M | -6.71M | -107,000 | -307,000 |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -1.38M | — | — | — |
| Purchase of Investments | -812,000 | -10.04M | -25.30M | -189,000 | -5.19M | -2.00M | -6.90M | -4.00M | — | — | -164,000 | — | -984,000 | -27.57M | -29.53M | -1.94M | -5.02M | -50.38M | -3.87M | -4.81M |
| Sale of Investments | 11.18M | 1.50M | 4.81M | 1.96M | 1.09M | 1.39M | 910,000 | 1.05M | 1.46M | 1.96M | 3.49M | 4.05M | 4.69M | 14.92M | 465,000 | 882,000 | 29.68M | 35.68M | 4.11M | 3.21M |
| Investing Cash Flow | 11.89M | -11.52M | -26.81M | 384,000 | -7.07M | -2.81M | -6.86M | -6.79M | -832,000 | 1.44M | 3.00M | -2.23M | 1.22M | -9.41M | -32.90M | -1.53M | -33.24M | -39.89M | -23.16M | -15.08M |
| Financing Activities | ||||||||||||||||||||
| Long-Term Debt Issuance | 50.00M | — | — | 7.00M | — | 46.00M | 6.00M | 27.46M | 53.17M | 25.00M | 16.00M | — | 10.00M | — | 10.00M | 43.74M | — | — | — | — |
| Long-Term Debt Payments | -7.00M | -7.00M | -7.83M | — | -21.46M | -66.41M | -13.38M | -13.39M | -27.00M | -16.00M | -10.00M | -5.00M | -15.00M | -10.18M | -15.18M | -175,000 | — | — | — | — |
| Other Financing Charges | -349,000 | 485,000 | -374,000 | -570,000 | -385,000 | -19,000 | -839,000 | 580,000 | 153,000 | -649,000 | 471,000 | 163,000 | -645,000 | 231,000 | -3.47M | -350,000 | 791,000 | -274,000 | -97,000 | 513,000 |
| Financing Cash Flow | 10.29M | -22.70M | 84.93M | 5.42M | -22.63M | -20.99M | -9.00M | 14.04M | 25.01M | 6.06M | 5.44M | -5.51M | -9.31M | -11.26M | -9.48M | 42.38M | 791,000 | -274,000 | -97,000 | 513,000 |
| Other Cash Details | ||||||||||||||||||||
| End Cash Position | 68.67M | 95.31M | 152.27M | 69.19M | 127.68M | 51.35M | 43.60M | 43.17M | 27.82M | 34.01M | 31.53M | 49.24M | 82.58M | 44.45M | 88.72M | 36.53M | 39.15M | 36.75M | 27.39M | 48.56M |
| Income Tax Paid | 20.72M | 9.20M | 3.57M | 3.43M | 4.76M | 4.29M | 5.34M | 2.61M | 950,000 | — | 200,000 | 2.40M | 1.14M | — | 3.86M | — | — | — | — | — |
| Interest Paid | 34.85M | 8.01M | 4.98M | 9.98M | 15.16M | 9.36M | 6.52M | 5.38M | 4.06M | 3.44M | 3.19M | 3.76M | 5.18M | 8.44M | 10.10M | — | — | — | — | — |
| Free Cash Flow | 42.21M | 24.24M | 15.11M | 14.40M | 9.44M | 9.48M | 7.41M | 2.24M | 1.69M | 4.27M | 1.60M | -3.46M | 2.82M | 6.39M | -7.49M | 2.83M | -2.54M | -4.90M | 2.28M | 1.41M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| iShares Russell 2000 ETF | Nov 30, 2024 | 411,864 | 10.37M | 2.94% |
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 372,480 | 9.38M | 2.66% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 237,686 | 5.98M | 1.70% |
| Invesco ETF Tr II-Invesco Dorsey Wright SmallCap Momentum ETF | Nov 30, 2024 | 163,478 | 4.12M | 1.17% |
| iShares Russell 2000 Value ETF | Nov 30, 2024 | 132,292 | 3.33M | 0.94% |
| Fidelity Small Cap Index Fund | Oct 31, 2024 | 126,902 | 3.20M | 0.91% |
| DFA U.S. Small Cap Value Series | Oct 31, 2024 | 80,078 | 2.02M | 0.57% |
| Fidelity Extended Market Index Fund | Nov 30, 2024 | 74,501 | 1.88M | 0.53% |
| EA Series Trust-EA Bridgeway Omni Small-Cap Value ETF | Sep 30, 2024 | 61,127 | 1.54M | 0.44% |
| Vanguard Russell 2000 Index Fund | Nov 30, 2024 | 58,343 | 1.47M | 0.42% |
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