NorthEast Community Bancorp, Inc. Reports Results for the Fourth Quarter and Year Ended December 31, 2023

February 1, 2024

https://www.globenewswire.com/news-release/2024/02/01/2822376/0/en/NorthEast-Community-Bancorp-Inc-Reports-Results-for-the-Fourth-Quarter-and-Year-Ended-December-31-2023.html

WHITE PLAINS, N.Y., Feb. 01, 2024 (GLOBE NEWSWIRE) — NorthEast Community Bancorp, Inc. (Nasdaq:NECB) (the “Company”), the parent holding company of NorthEast Community Bank (the “Bank”), reported net income of $12.1 million and $46.3 million, or $0.82 and $3.32 per basic and diluted common share, for the fourth quarter and for the year ended December 31, 2023, respectively, compared to net income of $8.3 million and $24.8 million, or $0.54 and $1.61 per basic common share and $0.54 and $1.58 per diluted common share for the fourth quarter and for the year ended December 31, 2022, respectively.

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