NorthEast Community Bancorp reported a net income of $12.7 million, or $0.97 per basic share and $0.95 per diluted share, for the three months ended September 30, 2024, compared to a net income of $11.8 million, or $0.80 per basic and diluted share, for the three months ended September 30, 2023.
Net income for the quarter was $12.7 million, or $0.97 per basic share and $0.95 per diluted share.
Total assets increased to $2.0 billion, up 11.6% from December 31, 2023.
Net loans increased by $173.6 million.
Cash and cash equivalents increased by $29.1 million.
This press release contains forward-looking statements based on current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties.
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