Northeast Community Bancorp, Inc.

Northeast Community Bancorp, Inc. reported net income of $44.4 million for fiscal year 2025, a decrease of 5.65% from $47.1 million in 2024. This decline was primarily driven by a 2.0% decrease in net interest income to $100.7 million, resulting from a 71 basis point drop in the yield on interest-earning assets to 8.04%, partially offset by a 46 basis point reduction in the cost of interest-bearing liabilities to 3.89%. The net interest margin compressed to 5.25% from 5.62%. These changes were influenced by a 175 basis point decrease in the Federal Funds rate. Non-interest income increased 47.1% to $4.1 million, while non-interest expenses rose 9.2% to $42.7 million. The company maintained strong asset quality with no non-performing assets at year-end, down from $5.1 million in 2024, and total assets grew 2.7% to $2.06 billion. The loan portfolio increased 2.6% to $1.86 billion, with construction loans representing 71.8% of the total. The company remains well-capitalized with a total stockholders' equity of $351.7 million.

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