Northeast Community Bancorp Q2 FY26 net income falls 12.34% to $9.8 million - NECB News | RalliesNortheast Community Bancorp Q2 FY26 net income falls 12.34% to $9.8 million
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NECB• Quarterly results and balance-sheet trends
- Northeast Community Bancorp Q2 net income fell 12.32% to $9.8 million; diluted EPS dropped 12.2% to $0.72.
- Net interest income edged down 1.7% to $24.7 million; net interest margin narrowed 21 basis points to 5.14%.
- Provision for credit losses rose to $860,000 from no expense; net charge-off ratio increased 0.02 percentage points to 0.11%.
- Construction loan commitments and loans-in-process jumped 38.9% from Q2 2025; total unfunded loan commitments reached over $883 million.
- Deposits declined 5% since Dec. 31 to $1.54 billion; borrowings more than doubled to $190 million as it reduced higher-rate brokered CDs.
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