northeast community bancorp, inc. operates as the holding company for northeast community bank that provides various financial services to consumers and businesses. the company accepts deposit products, such as checking, money market, savings, and individual retirement accounts, as well as certificates of deposit. its loan products include multi-family, mixed-use, and real estate loans; commercial and industrial loans; construction loans; consumer loans; passbook, term, small business administration, and cooperative building loans; and revolving lines of credit. the company also offers various atm/debit, credit, and gift cards; and investment advisory and financial planning, direct and remote deposit, wire transfer, automated clearing house, credit card merchant, coin and currency, and cash management services, as well as internet, mobile, and telephone banking services. it operates three full-service branches in new york; three full-service branches in massachusetts; one full service
Company profile
Ticker
NECB
Exchange
Website
CEO
Kenneth Martinek
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
New England Commercial Properties LLC • NECB Financial Services Group, LLC • 72 West Eckerson LLC • 166 Route 59 Realty LLC • 3 Winterton Realty LLC ...
NECB stock data
Latest filings (excl ownership)
ARS
2023 FY
Annual report to shareholders
12 Apr 24
DEFA14A
Additional proxy soliciting materials
12 Apr 24
DEF 14A
Definitive proxy
12 Apr 24
10-K
2023 FY
Annual report
28 Mar 24
8-K
Northeast Community Bancorp, Inc. Reports Results
5 Feb 24
10-Q
2023 Q3
Quarterly report
13 Nov 23
8-K
Northeast Community Bancorp, Inc. Reports Results
30 Oct 23
10-Q
2023 Q2
Quarterly report
10 Aug 23
8-K
Northeast Community Bancorp, Inc. Reports Results
27 Jul 23
8-K
Departure of Directors or Certain Officers
28 Jun 23
Latest ownership filings
4
Donald S Hom
28 Feb 24
SC 13G/A
M3 PARTNERS LP
14 Feb 24
SC 13G/A
NorthEast Community Bank Employee Stock Ownership Plan
12 Feb 24
SC 13G
BlackRock Inc.
26 Jan 24
4
Charles A Martinek
1 Dec 23
4
Charles A Martinek
21 Nov 23
4
Donald S Hom
21 Nov 23
4
Jose M Collazo
21 Nov 23
4
Kenneth A Martinek
21 Nov 23
4
Linda M Swan
16 Nov 23
Financial summary
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | |
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Revenue | |||
Cost of revenue | |||
Operating income | |||
Operating margin | |||
Net income | |||
Net profit margin | |||
Cash on hand | |||
Change in cash | |||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 106.72 mm | 106.72 mm | 106.72 mm | 106.72 mm | 106.72 mm | 106.72 mm |
Cash burn (monthly) | 4.38 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 29.78 mm | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 76.94 mm | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 17.6 | n/a | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
27 Feb 24 | Donald S Hom | Common Stock | Option exercise | Acquire M | No | No | 14.08 | 1,000 | 14.08 k | 7,956 |
27 Feb 24 | Donald S Hom | Stock Option Common Stock | Option exercise | Dispose M | No | No | 14.08 | 1,000 | 14.08 k | 82,164 |
1 Dec 23 | Charles A Martinek | Common Stock | Sell | Dispose S | No | No | 17.0522 | 1,000 | 17.05 k | 209 |
17 Nov 23 | Kenneth A Martinek | Common Stock | Payment of exercise | Dispose F | Yes | No | 17.01 | 1,027 | 17.47 k | 973 |
17 Nov 23 | Kenneth A Martinek | Common Stock | Payment of exercise | Dispose F | No | No | 17.01 | 8,842 | 150.40 k | 42,378 |
17 Nov 23 | Donald S Hom | Common Stock | Payment of exercise | Dispose F | No | No | 17.01 | 2,697 | 45.88 k | 6,957 |
17 Nov 23 | Jose M Collazo | Common Stock | Payment of exercise | Dispose F | No | No | 17.01 | 6,073 | 103.30 k | 8,919 |
Press releases
NorthEast Community Bancorp, Inc. Announces Increased Quarterly Cash Dividend
21 Mar 24
NorthEast Community Bancorp, Inc. Announces Date of 2024 Annual Meeting of Stockholders
22 Feb 24
NorthEast Community Bancorp, Inc. Reports Results for the Fourth Quarter and Year Ended December 31, 2023
1 Feb 24