Northeast Community Bancorp Q2 FY26 net income falls 12.3% to $9.8 million; net interest margin narrows 21 basis points to 5.14% - NECB News | RalliesNortheast Community Bancorp Q2 FY26 net income falls 12.3% to $9.8 million; net interest margin narrows 21 basis points to 5.14%
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NECB• Balance sheet changes
- Total assets rose 2.5% to $2.1 billion at June 30, while net loans increased 3.2% to $1.9 billion on a $67.2 million jump in construction loans.
- Deposits fell 5.0% to $1.5 billion as CDs dropped $190.8 million, while borrowings more than doubled to $190.0 million.
Quarterly earnings and margin decline
- Northeast Community Bancorp posted Q2 net income of $9.8 million, down 12.3% from a year earlier.
- Net interest income slipped 1.7% to $24.7 million as net interest margin narrowed 21 basis points to 5.14%.
- Credit loss expense was $860,000, versus no credit loss expense a year earlier, including $680,000 tied to loans.
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