NorthEast Community Bancorp, Inc. Declares Quarterly Cash Dividend of $0.20 per Share

NorthEast Community Bancorp declared a quarterly cash dividend of $0.20 per share, payable August 6, 2025.

Quiver AI Summary

NorthEast Community Bancorp, Inc. announced a quarterly cash dividend of $0.20 per common share, which will be distributed on or about August 6, 2025, to shareholders recorded by July 7, 2025. The company, headquartered in White Plains, New York, is the parent organization of NorthEast Community Bank, which has eleven branches across New York and Massachusetts. The release also includes cautionary statements regarding forward-looking statements, highlighting the various risks and uncertainties that may affect future outcomes, such as economic conditions, regulatory changes, and market fluctuations. Additional information about the company can be found on its website.

Potential Positives

• The declaration of a quarterly cash dividend of $0.20 per common share reflects the company's commitment to returning value to shareholders.
• The dividend payment indicates financial stability and potentially strong company performance, which can enhance investor confidence.

Potential Negatives

• The press release contains a cautionary note about forward-looking statements, highlighting potential risks and uncertainties that may significantly impact the company's future performance.
• The acknowledgment of ongoing economic conditions, such as higher inflation and potential legislative changes, suggests vulnerabilities that could affect the bank's operations and financial stability.
• The mention of risks associated with operational disruptions or cyberattacks raises concerns about the company's security and operational resilience, which could undermine investor confidence.

FAQ

What is the declared dividend amount by NorthEast Community Bancorp?

The declared quarterly cash dividend is $0.20 per common share.

When will the dividend be paid to shareholders?

The dividend will be paid on or about August 6, 2025.

What is the record date for the dividend?

Shareholders must be on record as of the close of business on July 7, 2025.

Where is NorthEast Community Bancorp headquartered?

NorthEast Community Bancorp is headquartered at 325 Hamilton Avenue, White Plains, New York 10601.

How can I find more information about NorthEast Community Bank?

More information is available on their website at www.necb.com.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$NECB Insider Trading Activity

$NECB insiders have traded $NECB stock on the open market 3 times in the past 6 months. Of those trades, 1 have been purchases and 2 have been sales.

Here’s a breakdown of recent trading of $NECB stock by insiders over the last 6 months:

• CHARLES MICHAEL CIRILLO sold 2,896 shares for an estimated $66,011
• JOHN F MCKENZIE sold 2,000 shares for an estimated $47,640
• JOEL LEE MORGENTHAU purchased 2,000 shares for an estimated $45,759

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$NECB Hedge Fund Activity

We have seen 52 institutional investors add shares of $NECB stock to their portfolio, and 63 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

• INVESCO LTD. removed 151,496 shares (-84.5%) from their portfolio in Q1 2025, for an estimated $3,551,066
• HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC removed 141,364 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $3,313,572
• MILLENNIUM MANAGEMENT LLC added 117,888 shares (+261.8%) to their portfolio in Q1 2025, for an estimated $2,763,294
• ARKADIOS WEALTH ADVISORS added 77,350 shares (+714.8%) to their portfolio in Q1 2025, for an estimated $1,813,084
• AQR CAPITAL MANAGEMENT LLC added 75,878 shares (+inf%) to their portfolio in Q1 2025, for an estimated $1,778,580
• BLACKROCK, INC. added 71,499 shares (+6.3%) to their portfolio in Q1 2025, for an estimated $1,675,936
• RAYMOND JAMES FINANCIAL INC added 69,284 shares (+inf%) to their portfolio in Q1 2025, for an estimated $1,624,016

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Full Release

WHITE PLAINS, N.Y., June 19, 2025 (GLOBE NEWSWIRE) -- NorthEast Community Bancorp, Inc. (the “Company”) (Nasdaq: NECB) announced today that its Board of Directors has declared a quarterly cash dividend of $0.20 per common share. The dividend will be paid on or about August 6, 2025 to shareholders of record as of the close of business on July 7, 2025.

About NorthEast Community Bancorp, Inc.

NorthEast Community Bancorp, headquartered at 325 Hamilton Avenue, White Plains, New York 10601, is the holding company for NorthEast Community Bank, which conducts business through its eleven branch offices located in Bronx, New York, Orange, Rockland, and Sullivan Counties in New York and Essex, Middlesex, and Norfolk Counties in Massachusetts and three loan production offices located in New City, New York, White Plains, New York, and Danvers, Massachusetts. For more information about NorthEast Community Bancorp and NorthEast Community Bank, please visit

www.necb.com

.

Cautionary Note About Forward-Looking Statements

This press release contains certain forward-looking statements. Forward-looking statements include statements regarding anticipated future events and can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as “believe,” “expect,” “anticipate,” “estimate,” and “intend” or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.” These statements are based upon the current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements as a result of numerous factors. Factors that could cause actual results to differ materially from expected results include, but are not limited to, changes in market interest rates, regional and national economic conditions (including higher inflation and its impact on regional and national economic conditions), legislative and regulatory changes, monetary and fiscal policies of the United States government, including policies of the United States Treasury and the Federal Reserve Board, the quality and composition of the loan or investment portfolios, demand for loan products, decreases in deposit levels necessitating increased borrowing to fund loans and securities, competition, demand for financial services in NorthEast Community Bank’s market area, changes in the real estate market values in NorthEast Community Bank’s market area, the impact of failures or disruptions in or breaches of the Company’s operational or security systems, data or infrastructure, or those of third parties, including as a result of cyberattacks or campaigns, and changes in relevant accounting principles and guidelines. Additionally, other risks and uncertainties may be described in our annual and quarterly reports filed with the U.S. Securities and Exchange Commission (the “SEC”), which are available through the SEC’s website located at www.sec.gov. These risks and uncertainties should be considered in evaluating any forward-looking statements and undue reliance should not be placed on such statements. Except as required by applicable law or regulation, the Company does not undertake, and specifically disclaims any obligation, to release publicly the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of the statements or to reflect the occurrence of anticipated or unanticipated events.

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