NorthEast Community Bancorp Reports $11.2M Q2 Net Income, Equity Rises 5.8%

NorthEast Community Bancorp, Inc. (NECB) reported a net income of $11.2 million for Q2 2025, down from $12.8 million the previous year, and $21.7 million for the first half of 2025 compared to $24.2 million in the same period of 2024. Despite this decline, the company maintained strong performance metrics, including a 2.27% return on average total assets and 13.37% return on average shareholders’ equity for Q2 2025. NECB experienced significant growth in construction and multi-family loan originations, totaling $462.7 million in the first six months, with increasing demand for cooperative building lending across New York City boroughs. The bank reported zero non-performing loans as of June 30, 2025, reflecting strong asset quality. Meanwhile, Northeast Bank (NBN), a separate Maine-based institution, announced it will release its fiscal 2025 fourth quarter earnings on July 28, 2025, followed by a webcast conference call on July 31, 2025, with executive presentations. Investors can access the call live or replay it online for a year via the bank’s investor relations website.