How many shares has NECB repurchased so far under this program?

As of June 30, 2026, the company had repurchased 239,894 shares at a total cost of $5.6 million (including commissions and Federal excise taxes), for an average price of approximately $23.35 per share. This represents about 17% of the authorized share count.

How does this buyback fit into NECB's broader capital management?

In the six months ended June 30, 2026, the company generated $19.7 million in net income while paying $6.0 million in dividends and deploying $4.7 million in stock repurchases and excise taxes. Combined, these capital returns totaled approximately $10.7 million against earnings, indicating a balanced approach to returning capital while retaining earnings for loan growth.

What is NECB's current capital position?

The company's total stockholders' equity-to-assets ratio was 17.14% as of June 30, 2026, and the Bank's tier 1 leverage capital ratio was 17.32%. The Bank is considered well-capitalized under the Prompt Corrective Action framework, providing ample room for both growth and shareholder returns.

Why did NECB's earnings decline in H1 2026?

Net income for H1 2026 was $19.7 million versus $21.7 million in H1 2025 (down 9.2%), primarily due to a 60 basis-point decline in the yield on interest-earning assets as the Federal Reserve cut the funds rate by 75 basis points from September to December 2025. Net interest margin compressed from 5.23% to 5.06% year-over-year.

How is this third repurchase program different from prior programs?

The filing identifies this as NECB's 'third stock repurchase program' but does not disclose details of prior programs. The current authorization is sized at 10% of shares outstanding, denominated in shares rather than dollars, commenced in December 2025, and execution was ongoing as of June 30, 2026.

NECB 8-K Filed 2026-07-27 Execution disclosure

NorthEast Community Bancorp repurchased 239,894 shares at $23.35 average in H1 2026

Program targets 1.4M shares (10% of outstanding); $5.6M deployed through June 30, 2026

Shares repurchased240K

Avg price paid$23.35

MechanismNot specified

What the filing says

NorthEast Community Bancorp, Inc. (Nasdaq: NECB) reported execution of its third share-repurchase program, which commenced December 10, 2025. Under this program, the company authorized the repurchase of 1,400,435 shares, representing 10% of issued and outstanding common stock at that time.

As of June 30, 2026, NECB had repurchased 239,894 shares at a total cost of $5.6 million, including commission costs and Federal excise taxes. This represents approximately 17.1% of the authorized 1.4 million shares and an average price of approximately $23.35 per share. The execution mechanism was not explicitly specified in the filing, though the language suggests open-market purchases under Rule 10b-18 or similar standard protocols.

The share repurchase is one component of the company's capital management strategy. During the six-month period ended June 30, 2026, stockholders' equity increased $10.9 million (3.1%) to $362.6 million, driven by net income of $19.7 million, partially offset by dividends of $6.0 million and the $4.7 million in stock repurchases and excise taxes. The company's equity-to-assets ratio stood at 17.14%, indicating a well-capitalized position relative to regulatory requirements.

The Company commenced its third stock repurchase program on December 10, 2025 whereby the Company will repurchase 1,400,435, or 10%, of the Company's issued and outstanding common stock. As of June 30, 2026, the Company had repurchased 239,894 shares of common stock under its third repurchase program, at a cost of $5.6 million, including commission costs and Federal excise taxes. — NorthEast Community Bancorp, Inc./MD/ 8-K filing · View on SEC EDGAR →

What this means

NECB's third repurchase program targets 1.4 million shares (10% of the float as of December 2025), with 239,894 shares retired at an average price near $23.35 through mid-2026. At an aggregate cost of $5.6 million including taxes and fees, the program represents modest capital return relative to the company's $362.6 million equity base and $2.1 billion in assets. The buyback is occurring in a period of moderate earnings pressure—H1 2026 net income of $19.7 million was down 9.2% year-over-year—suggesting management remains committed to shareholder returns despite tighter net interest margins driven by Federal Reserve rate cuts. The authorization in shares (rather than dollars) and the gradual pace of execution provide flexibility for opportunistic repurchases.

Frequently asked questions

When did NECB's third repurchase program begin and what is its scope?: The program commenced December 10, 2025, and authorizes the repurchase of 1,400,435 shares, representing 10% of the company's issued and outstanding common stock as of that date. The authorization is denominated in shares, not dollars, which allows flexibility in timing and execution.
How many shares has NECB repurchased so far under this program?: As of June 30, 2026, the company had repurchased 239,894 shares at a total cost of $5.6 million (including commissions and Federal excise taxes), for an average price of approximately $23.35 per share. This represents about 17% of the authorized share count.
How does this buyback fit into NECB's broader capital management?: In the six months ended June 30, 2026, the company generated $19.7 million in net income while paying $6.0 million in dividends and deploying $4.7 million in stock repurchases and excise taxes. Combined, these capital returns totaled approximately $10.7 million against earnings, indicating a balanced approach to returning capital while retaining earnings for loan growth.
What is NECB's current capital position?: The company's total stockholders' equity-to-assets ratio was 17.14% as of June 30, 2026, and the Bank's tier 1 leverage capital ratio was 17.32%. The Bank is considered well-capitalized under the Prompt Corrective Action framework, providing ample room for both growth and shareholder returns.
Why did NECB's earnings decline in H1 2026?: Net income for H1 2026 was $19.7 million versus $21.7 million in H1 2025 (down 9.2%), primarily due to a 60 basis-point decline in the yield on interest-earning assets as the Federal Reserve cut the funds rate by 75 basis points from September to December 2025. Net interest margin compressed from 5.23% to 5.06% year-over-year.
How is this third repurchase program different from prior programs?: The filing identifies this as NECB's 'third stock repurchase program' but does not disclose details of prior programs. The current authorization is sized at 10% of shares outstanding, denominated in shares rather than dollars, commenced in December 2025, and execution was ongoing as of June 30, 2026.

execution community-bank mid-cap rule-10b-18 share-count-reduction capital-management

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.