NorthEast Community Bancorp, Inc. Reports Results for the Three and Nine Months Ended September 30, 2023

December 15, 2023

https://www.globenewswire.com/news-release/2023/10/27/2768690/0/en/NorthEast-Community-Bancorp-Inc-Reports-Results-for-the-Three-and-Nine-Months-Ended-September-30-2023.html

WHITE PLAINS, N.Y., Oct. 27, 2023 (GLOBE NEWSWIRE) — NorthEast Community Bancorp, Inc. (Nasdaq:NECB) (the “Company”), the parent holding company of NorthEast Community Bank (the “Bank”), reported net income of $11.8 million and $34.2 million, or $0.80 and $2.42 per basic and $0.80 and $2.41 per diluted common share, for the three months and nine months ended September 30, 2023, respectively, compared to net income of $7.5 million and $16.6 million, or $0.49 and $1.07 per basic and diluted common share for the three months and nine months ended September 30, 2022, respectively.

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