Northeast Community Bancorp, Inc. (NECB)

NECB Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	153.9	127.49	69.99	47.9	48.2
Interest Income on Investments	6.11	5	2.01	0.51	0.78
Total Interest Income	160.01	132.49	72	48.4	48.98
Interest Paid on Deposits	55.62	34.18	7.54	4.36	9.25
Interest Paid on Borrowings	1.6	1.12	0.58	0.74	0.72
Total Interest Expense	57.22	35.3	8.13	5.1	9.98
Net Interest Income	102.79	97.19	63.88	43.3	39
Net Interest Income Growth (YoY)	5.76%	52.16%	47.51%	11.03%	0.56%
Gain (Loss) on Sale of Assets	0.02	-0.16	0.1	0.01	-0.06
Gain (Loss) on Sale of Investments	-0.11	0.29	-1.57	-0.39	0.29
Other Non-Interest Income	2.87	3.47	3.16	2.74	2.29
Total Non-Interest Income	2.78	3.61	1.68	2.35	2.51
Non-Interest Income Growth (YoY)	-22.80%	114.20%	-28.50%	-6.33%	-10.85%
Revenues Before Loan Losses	105.58	100.8	65.56	45.66	41.51
Provision for Loan Losses	-0.26	0.97	0.44	3.61	0.81
Revenue	105.84	99.82	65.12	42.05	40.7
Revenue Growth (YoY)	6.02%	53.29%	54.87%	3.31%	-0.43%
Salaries and Employee Benefits	20.94	15.79	14.27	14.07	13.55
Occupancy Expenses	2.83	-	-	-	-
Selling, General & Administrative	3.91	9.43	7	5.83	5.05
Other Non-Interest Expense	10.65	9.77	8.35	6.49	6.08
Total Non-Interest Expense	39.06	35.08	30.24	26.47	24.99
EBT Excluding Unusual Items	66.77	64.74	34.88	15.57	15.71
Pretax Income	66.77	64.74	34.43	15.57	15.61
Income Tax Expense	18.98	18.47	9.59	3.67	3.28
Net Income	47.79	46.28	24.84	11.91	12.33
Net Income to Common	47.79	46.28	24.84	11.91	12.33
Net Income Growth	3.27%	86.27%	108.68%	-3.44%	-4.82%
Basic Shares Outstanding	13	14	15	16	16
Diluted Shares Outstanding	13	14	16	16	16
Shares Change (YoY)	-4.14%	-11.38%	-0.81%	-1.83%	0.22%
EPS (Basic)	3.64	3.32	1.61	0.75	0.76
EPS (Diluted)	3.58	3.32	1.58	0.75	0.76
EPS Growth	7.83%	110.13%	110.41%	-1.20%	-5.45%
Dividend Per Share	-	0.240	0.240	0.210	0.090
Dividend Growth	-	0%	14.29%	134.38%	0%
Effective Tax Rate	28.43%	28.52%	27.84%	23.56%	21.02%

Source: S&P Capital IQ. Banks template. Financial Sources.