Northeast Community Bancorp, Inc. (NECB)

NECB Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	150.48	127.49	69.99	47.9	48.2	50.92
Interest Income on Investments	6.19	5	2.01	0.51	0.78	2.9
Total Interest Income	156.67	132.49	72	48.4	48.98	53.82
Interest Paid on Deposits	51.59	34.18	7.54	4.36	9.25	14.29
Interest Paid on Borrowings	2.38	1.12	0.58	0.74	0.72	0.74
Total Interest Expense	53.97	35.3	8.13	5.1	9.98	15.03
Net Interest Income	102.7	97.19	63.88	43.3	39	38.78
Net Interest Income Growth (YoY)	10.51%	52.16%	47.51%	11.03%	0.56%	1.15%
Gain (Loss) on Sale of Assets	-0.16	-0.16	0.1	0.01	-0.06	0.04
Gain (Loss) on Sale of Investments	1.07	0.29	-1.57	-0.39	0.29	0.29
Other Non-Interest Income	2.97	3.47	3.16	2.74	2.29	2.49
Total Non-Interest Income	3.88	3.61	1.68	2.35	2.51	2.82
Non-Interest Income Growth (YoY)	23.79%	114.20%	-28.50%	-6.33%	-10.85%	19.05%
Revenues Before Loan Losses	106.58	100.8	65.56	45.66	41.51	41.6
Provision for Loan Losses	-0.08	0.97	0.44	3.61	0.81	0.73
Revenue	106.66	99.82	65.12	42.05	40.7	40.87
Revenue Growth (YoY)	12.44%	53.29%	54.87%	3.31%	-0.43%	3.23%
Salaries and Employee Benefits	17.15	15.79	14.27	14.07	13.55	12.35
Selling, General & Administrative	9.95	9.43	7	5.83	5.05	5
Other Non-Interest Expense	10.57	9.77	8.35	6.49	6.08	6.44
Total Non-Interest Expense	38.24	35.08	30.24	26.47	24.99	23.94
EBT Excluding Unusual Items	68.43	64.74	34.88	15.57	15.71	16.93
Pretax Income	68.43	64.74	34.43	15.57	15.61	16.93
Income Tax Expense	19.47	18.47	9.59	3.67	3.28	3.98
Net Income	48.96	46.28	24.84	11.91	12.33	12.95
Net Income to Common	48.96	46.28	24.84	11.91	12.33	12.95
Net Income Growth	15.37%	86.27%	108.68%	-3.44%	-4.82%	-0.57%
Basic Shares Outstanding	13	14	15	16	16	16
Diluted Shares Outstanding	13	14	16	16	16	16
Shares Change (YoY)	-10.06%	-11.38%	-0.81%	-1.83%	0.22%	0.22%
EPS (Basic)	3.72	3.32	1.61	0.75	0.76	0.80
EPS (Diluted)	3.70	3.32	1.58	0.75	0.76	0.80
EPS Growth	28.30%	110.13%	110.41%	-1.20%	-5.45%	-0.78%
Dividend Per Share	0.410	0.240	0.240	0.210	0.090	0.090
Dividend Growth	70.83%	0%	14.29%	134.38%	0%	0%
Effective Tax Rate	28.45%	28.52%	27.84%	23.56%	21.02%	23.49%

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