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Form 8-K

sec.gov

8-K — NorthEast Community Bancorp, Inc./MD/

Accession: 0001104659-26-118368

Filed: 2026-10-23

Period: 2026-10-22

CIK: 0001847398

SIC: 6036 (SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — tm2628181d1_8k.htm (Primary)

EX-99.1 — EXHIBIT 99.1 (tm2628181d1_ex99-1.htm)

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8-K — FORM 8-K

8-K (Primary)

Filename: tm2628181d1_8k.htm · Sequence: 1

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0001847398

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2026-10-22

2026-10-22

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UNITED

STATES

SECURITIES

AND EXCHANGE COMMISSION

Washington,

DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities

Exchange Act of 1934

Date of Report (Date of earliest event reported): October 22, 2026

NORTHEAST COMMUNITY BANCORP, INC.

(Exact Name of Registrant as Specified in Its

Charter)

Maryland

001-40589

86-3173858

(State or other jurisdiction of

(Commission

(IRS Employer

incorporation or organization)

File Number)

Identification No.)

325 Hamilton Avenue, White Plains, New York 10601

(Address of principal executive offices) (Zip Code)

(914) 684-2500

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended

to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading symbol(s)

Name of each exchange on which registered

Common Stock, par value $0.01 per share

NECB

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth

company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934

(17 CFR §240.12b-2).

Emerging growth company x

If an emerging growth company, indicate by check

mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting

standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 2.02 Results of Operations and Financial Condition.

On October 22, 2026, NorthEast Community Bancorp, Inc. (the “Company”) issued a press release announcing its financial results

for the three and nine months ended September 30, 2026. A copy of the Company’s press release is attached as Exhibit 99.1 and is

furnished herewith.

The information contained in this Item 2.02 and in Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of

the Securities Exchange Act of 1934 (the “Exchange Act”), or incorporated by reference in any filing under the Securities

Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific references in such a filing.

Item 9.01 Financial Statements and Other Exhibits.

(d)

Exhibits

Number

Description

99.1

Press Release dated October 22, 2026

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities

Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned thereunto duly authorized.

NORTHEAST COMMUNITY BANCORP, INC.

Date: October 23, 2026

By:

/s/ Kenneth A. Martinek

Kenneth A. Martinek

Chairman and Chief Executive Officer

EX-99.1 — EXHIBIT 99.1

EX-99.1

Filename: tm2628181d1_ex99-1.htm · Sequence: 2

Exhibit 99.1

NECB Earnings Press Release for 09/30/2026:

NORTHEAST

COMMUNITY BANCORP, INC. REPORTS RESULTS

FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER

30, 2026

White Plains,

New York, October 22, 2026 – NorthEast Community Bancorp, Inc. (Nasdaq: NECB) (the “Company”), the parent

holding company of NorthEast Community Bank (the “Bank”), reported net income of $10.7 million, or $0.81 per basic share and

$0.79 per diluted share, for the three months ended September 30, 2026 compared to net income of $11.9 million, or $0.90 per basic

share and $0.87 per diluted share, for the three months ended September 30, 2025. In addition, the Company reported net income

of $30.4 million, or $2.31 per basic share and $2.25 per diluted share, for the nine months ended September 30, 2026 compared to

net income of $33.6 million, or $2.54 per basic share and $2.47 per diluted share, for the nine months ended September 30, 2025.

Kenneth A. Martinek, Chairman of the Board and Chief Executive Officer,

stated “As we close out the third quarter of 2026 and begin the fourth quarter, we are pleased to report continuing growth of our

loan portfolio, particularly in our construction loan portfolio.”

“Focusing on high demand, high growth submarkets in the Bronx,

Rockland, Orange, and Sullivan Counties, we continue to grow the portfolio while also providing much needed housing in low- and moderate-income

communities.”

“Demand for construction loans throughout these submarkets continues

to demonstrate robust growth and we look forward to continuing our efforts as a responsible corporate citizen to meet this growing demand

going forward.” Mr. Martinek continued.

“At September 30, 2026, construction loan commitments and

loans-in-process outstanding increased by approximately 18.2% as compared to the third quarter of 2025, with over $763 million in total

unfunded loan commitments outstanding, and representing a 12.2% increase over the amount of such total commitments outstanding at December 31,

2025.”

Highlights for the three months and nine months ended September 30,

2026 are as follows:

· Performance metrics continue to be strong with a return on average total assets ratio of 2.00%, a return on average shareholders’

equity ratio of 11.54%, and an efficiency ratio of 41.50% for the three months ended September 30, 2026. For the nine months ended

September 30, 2026, the Company reported a return on average total assets ratio of 1.97%, a return on average shareholders’

equity ratio of 11.16%, and an efficiency ratio of 42.36%.

· Total assets increased $152.5 million, or 7.4%, to $2.2 billion at September 30, 2026 from $2.1 billion at December 31,

2025, driven by loan portfolio growth of $160.0 million, or 8.6%, to $2.0 billion at September 30, 2026 from $1.9 billion at December 31,

2025. Our allowance for credit losses related to loans totaled $4.7 million, or 0.23% of total loans at September 30, 2026, compared

to $4.7 million, or 0.25% of total loans at December 31, 2025.

· Total stockholders’ equity increased by $19.0 million, or 5.4%, to $370.7 million, or 16.73% of total assets as of September 30,

2026 from $351.7 million, or 17.04% of total assets as of December 31, 2025.

Balance Sheet Summary

Total assets increased $152.5 million, or 7.4%, to $2.2 billion

at September 30, 2026, from $2.1 billion at December 31, 2025. The increase in assets was primarily due to an increase

in net loans of $160.0 million, partially offset by a decrease in cash and cash equivalents of $8.5 million.

Cash and cash equivalents decreased $8.5 million, or 10.5%, to $72.6

million at September 30, 2026 from $81.2 million at December 31, 2025. The decrease in cash and cash equivalents partially

funded the increase of $160.0 million in net loans.

Equity securities decreased $341,000, or 1.3%, to $26.2 million at

September 30, 2026 from $26.6 million at December 31, 2025. The decrease in equity securities was attributable to market depreciation

of $1.3 million due to market interest rate volatility during the nine months ended September 30, 2026, partially offset by the purchase

of $1.0 million in equity securities during the nine months ended September 30, 2026.

Securities held-to-maturity increased $359,000, or 2.0%, to $18.7 million

at September 30, 2026 from $18.3 million at December 31, 2025 due to the purchase of $2.0 million in municipal securities, partially

offset by pay-downs of various investment securities and an increase of $9,000 to the allowance for credit losses for held-to-maturity

securities.

Loans, net of the allowance for credit losses, increased $160.0 million,

or 8.6%, to $2.0 billion at September 30, 2026 from $1.9 billion at December 31, 2025. The increase in loans consisted

of an increase of $207.3 million in construction loans, partially offset by decreases of $37.0 million in commercial and industrial loans,

$5.0 million in multi-family loans, $3.3 million in mixed-use loans, $1.6 million in non-residential loans, $104,000 in one-to-four family

loans, and $15,000 in consumer loans.

During the nine months ended September 30, 2026, we originated

loans totaling $966.4 million, which include commitments and funded loans, consisting primarily of $914.8 million in construction loans,

$26.3 million in commercial and industrial loans, $24.0 million in multi-family loans, $675,000 in mixed-use loans, and $500,000 in non-residential

loans. The $914.8 million in construction loans had $393.5 million, or 43.0%, disbursed at loan closing, with the remaining funds to be

disbursed over the terms of the construction loans. These disbursements were offset by normal pay-downs and principal reductions as construction

projects were completed and either condominium units were sold to end buyers or multi-family rental buildings were refinanced by other

financial institutions. The commercial and industrial loans had $19.1 million, or 72.7%, disbursed at loan closing as of September 30,

2026.

The allowance for credit losses related to loans was $4.7 million at

September 30, 2026 and December 31, 2025. Although our total loan portfolio increased $160.0 million, or 8.6%, from December 31,

2025 to September 30, 2026, portfolios carrying higher allowance rates due to longer terms or higher credit risks have decreased.

During the nine months ended September 30, 2026, commercial and industrial loans decreased $37.0 million, or 24.6%, and residential,

multi-family, mixed use and non-residential mortgage loans decreased $10.0 million, or 2.7%. These decreases were mostly offset by an

increase in the construction loan portfolio, which carries a lower allowance rate, during the same period.

The allowance for credit losses for off-balance sheet commitments increased

$284,000, or 32.3%, to $1.2 million at September 30, 2026 from $879,000 at December 31, 2025 due primarily to an increase of

$83.1 million, or 12.2%, in off-balance sheet commitments from December 31, 2025 to September 30, 2026.

The allowance for credit losses for held-to-maturity securities increased

$9,000, or 7.1%, to $135,000 at September 30, 2026 from $126,000 at December 31, 2025 due to an increase in our municipal bond

portfolio.

Premises and

equipment decreased $339,000, or 1.3%, to $25.0 million at September 30, 2026 from $25.4 million at December 31, 2025 primarily

due to the amortization of fixed assets. Property held for investment was $1.3 million at both September 30, 2026 and December 31,

2025.

Federal Home Loan Bank stock increased by $133,000, or 32.4%, to $543,000

at September 30, 2026 from $410,000 at December 31, 2025 primarily due to an increase in our mortgage-related assets.

Bank owned life insurance (“BOLI”) increased $557,000,

or 2.1%, to $27.0 million at September 30, 2026 from $26.4 million at December 31, 2025 due to increases in the BOLI cash value.

Accrued interest receivable increased $626,000, or 5.1%, to $12.9 million

at September 30, 2026 from $12.2 million at December 31, 2025 due to an increase in the loan portfolio.

Right of use assets — operating decreased $542,000,

or 11.6%, to $4.1 million at September 30, 2026 from $4.7 million at December 31, 2025, primarily due to depreciation

of the right of use assets.

Other assets increased $603,000, or 5.5%, to $11.6 million at September 30,

2026 from $11.0 million at December 31, 2025 due to an increase of $1.3 million in suspense accounts, partially offset by decreases

of $592,000 in tax assets and $146,000 in prepaid expenses.

Total deposits increased $202.7 million, or 12.5%, to $1.8 billion

at September 30, 2026 from $1.6 billion at December 31, 2025. The increase in deposits was primarily due to increases in

certificates of deposit of $87.8 million, or 9.8%, NOW/money market accounts of $72.8 million, or 24.1%, and non-interest-bearing deposits

of $53.7 million, or 19.8%, partially offset by a decrease in savings account balances of $11.6 million, or 8.2%.

The increase of $87.8 million in certificates of deposit consisted

of increases of $201.8 million, or 54.5%, in brokered certificates of deposit, partially offset by decreases of $63.5 million, or 94.0%,

in non-brokered listing services certificates of deposit and $50.5 million, or 11.3%, in retail certificates of deposit.

The increase in brokered certificates of deposit was due to management’s

strategy to reduce short term borrowings due to the potential for further increases in interest rates. The decrease in non-brokered listing

services certificates of deposit was due to management’s strategy to reduce the cost of funds. The decrease in retail certificates

of deposit was due to a shift in deposits to our retail high yield money market accounts.

Advance payments by borrowers for taxes and insurance increased $523,000,

or 22.2%, to $2.9 million at September 30, 2026 from $2.4 million at December 31, 2025 due primarily to accumulation of real

estate tax payments from borrowers.

Borrowings decreased $70.0 million to no borrowings at September 30,

2026 from $70.0 million at December 31, 2025 due primarily to management’s strategy to reduce interest rate risk with less

reliance on short term borrowings.

Lease liability – operating decreased $499,000, or 10.4%, to

$4.3 million at September 30, 2026 from $4.8 million at December 31, 2025, primarily due to the amortization of the lease liability.

Accounts payable and accrued expenses increased $858,000, or 5.0%,

to $18.2 million at September 30, 2026 from $17.3 million at December 31, 2025 due primarily to increases in accounts payable

of $674,000, deferred compensation of $424,000, the allowance for credit losses for off-balance sheet commitments of $284,000, and suspense

account – loan closings of $44,000, partially offset by decreases in accrued interest expense of $504,000 and accrued expenses of

$64,000.

Stockholders’

equity increased $19.0 million, or 5.4% to $370.7 million at September 30, 2026, from $351.7 million at December 31,

2025. The increase in stockholders’ equity was due to net income of $30.4 million for the nine months ended September 30,

2026, the amortization expense of $1.6 million relating to restricted stock and stock options granted under the Company’s 2022 Equity

Incentive Plan, an increase of $589,000 in earned employee stock ownership plan shares coupled with a reduction of $391,000 in

unearned employee stock ownership plan shares, $37,000 in stock options exercised, and $42,000 in other comprehensive income. These increases

were offset by dividends declared of $9.3 million and stock repurchases and excise taxes of $4.8 million.

Results of Operations for the Three Months Ended September 30,

2026 and 2025

Net Interest Income

Net interest income was $26.1 million for the three months ended

September 30, 2026, as compared to $25.9 million for the three months ended September 30, 2025. The increase in net interest

income of $154,000, or 0.6%, was primarily due to a decrease in interest expense that exceeded a decrease in interest income caused by

a decrease in the cost of funds for interest-bearing liabilities that exceeded a decrease in the yield on interest-earning assets.

Total interest

and dividend income decreased $608,000, or 1.5%, to $38.7 million for the three months ended September 30, 2026 from $39.3 million

for the three months ended September 30, 2025. The decrease in interest and dividend income was due to a decrease in the yield on

interest-earning assets by 61 basis points from 8.15% for the three months ended September 30, 2025 to 7.54% for the three months

ended September 30, 2026, partially offset by an increase in the average balance of interest-earning assets of $123.7 million, or

6.4%, to $2.1 billion for the three months ended September 30, 2026 from $1.9 billion for the three months ended September 30,

2025.

The decrease in the yield on interest-earning assets was due to a 75

basis points decrease in the Federal Funds rate from September 2025 to December 2025, partially offset by a 25 basis points

increase in the Federal Funds rate in September 2026. These interest rate movements resulted in a decrease in the yield on our construction

loans and commercial and industrial loans because the interest rates on these loans are indexed to the Prime Rate and change whenever

the Prime Rate changes.

Interest expense decreased $762,000, or 5.7%, to $12.6 million for

the three months ended September 30, 2026 from $13.3 million for the three months ended September 30, 2025. The decrease in

interest expense was due to a decrease in the cost of interest-bearing liabilities by 39 basis points from 3.91% for the three months

ended September 30, 2025 to 3.52% for the three months ended September 30, 2026. The decrease in the cost of interest-bearing

liabilities was offset by an increase in the average balance of interest-bearing liabilities of $62.6 million, or 4.6%, to $1.4

billion for the three months ended September 30, 2026 from $1.4 billion for the three months ended September 30, 2025.

Our net interest margin decreased 29 basis points, or 5.5%, to 5.09%

for the three months ended September 30, 2026 compared to 5.38% for the three months ended September 30, 2025. The decrease

in the net interest margin was due to a 75 basis points decrease in the Federal Funds rate from September 2025 to December 2025,

partially offset by a 25 basis points increase in the Federal Funds rate in September 2026. These interest rate movements resulted

in a decrease in the yield on interest-earning assets and a smaller decrease in the cost of funds on interest-bearing liabilities.

Credit Loss Expense

The Company recorded no credit loss expense for the three months ended

September 30, 2026 and September 30, 2025.

With respect to the allowance for credit losses for loans, we charged

off $37,000 during the quarter ended September 30, 2026, as compared to charge-offs of $75,000 during the quarter ended September 30,

2025. The charge-offs during the quarters ended September 30, 2026 and September 30, 2025 were against various unpaid overdrafts

in our demand deposit accounts.

We recorded recoveries of $8,000 during the quarter ended September 30,

2026 compared to recoveries of $99,000 during the quarter ended September 30, 2025. The recoveries during the quarters ended

September 30, 2026 and September 30, 2025 comprised of recoveries from previously charged-off unpaid overdraft on demand deposit

accounts.

Non-Interest Income

The Company recorded non-interest loss of $185,000 for the three months

ended September 30, 2026 compared to non-interest income of $1.0 million for the three months ended September 30, 2025. The

decrease of $1.2 million, or 118.2%, in total non-interest income was primarily due to a decrease of $1.3 million in unrealized gain/(loss)

on equity securities and a loss of $10,000 on the disposition of fixed assets. These were partially offset by increases of $51,000 in

other loan fees and service charges, $16,000 in BOLI income, and $13,000 in miscellaneous other non-interest income.

The decrease

in unrealized gain/(loss) on equity securities was due to an unrealized loss of $1.1 million on equity securities during the quarter ended

September 30, 2026 compared to an unrealized gain of $170,000 on equity securities during the quarter ended September 30, 2025.

The unrealized loss of $1.1 million and unrealized gain of $170,000 on equity securities during the quarters ended September 30,

2026 and 2025, respectively, were due to market interest rate volatility during both periods.

The increase

of $51,000 in other loan fees and service charges was due to increases of $62,000 in ATM/debit card/ACH fees and $3,000 in deposit account

fees, partially offset by a decrease of $14,000 in loan service charges and fees. The increase of $16,000 in BOLI income was due

to an increase in the yield on BOLI assets. The increase of $13,000 in miscellaneous other non-interest income was due to increases in

miscellaneous operating income during the quarter.

Non-Interest Expense

Non-interest expense increased $402,000, or 3.9%, to $10.7 million

for the three months ended September 30, 2026 from $10.4 million for the three months ended September 30, 2025. The increase

resulted primarily from increases of $757,000 in other operating expenses, $43,000 in salaries and employee benefits, $26,000 in occupancy

expense, and $10,000 in equipment expense, partially offset by decreases of $238,000 in real estate owned expense, $103,000 in outside

data processing expense, and $93,000 in advertising expense.

Other non-interest operating expense increased $757,000, or 27.0%,

to $3.6 million for the three months ended September 30, 2026 from $2.8 million for the three months ended September 30, 2025

due mainly to increases of $844,000 in miscellaneous other non-interest expense, $64,000 in consulting fees, $60,000 in service contracts

expense, $52,000 in personnel recruitment expense, $8,000 in directors compensation, $4,000 in directors, officers and employees expense,

$4,000 in office supplies, and $3,000 in insurance expense. These increases were partially offset by decreases of $179,000 in regulatory

fees, $46,000 in legal fees, $21,000 in telephone expense, $20,000 in audit and accounting expense, and $16,000 in dues and subscription

expense.

The increase of $844,000 in miscellaneous other non-interest expense

was mainly due to increases of $729,000 in miscellaneous charge-offs, $66,000 in public company expense, $48,000 in miscellaneous other

non-interest expense, and $2,000 in check and correspondent bank charges, partially offset by a decrease of $1,000 in postage expense.

The increase of $729,000 in miscellaneous charge-offs was due to an increase in customer fraud involving checks and debit cards.

Income Taxes

We recorded income tax expense of $4.5 million and $4.7 million

for the three months ended September 30, 2026 and 2025, respectively. For the three months ended September 30, 2026, we

had approximately $259,000 in tax exempt income, compared to approximately $216,000 in tax exempt income for the three months ended September 30,

2025. Our effective income tax rate was 29.6% for the three months ended September 30, 2026 compared to 28.5% for the three months

ended September 30, 2025.

Results of Operations for the Nine Months Ended September 30,

2026 and 2025

Net Interest Income

Net interest income was $74.9 million for the nine months ended September 30,

2026 as compared to $75.3 million for the nine months ended September 30, 2025. The decrease in net interest income of $401,000,

or 0.5%, was primarily due to a decrease in interest income that exceeded a decrease in interest expense and a decrease in the yield on

interest earning assets, partially offset by a smaller decrease in the cost of funds for interest bearing liabilities.

Total interest

and dividend income decreased $4.8 million, or 4.2%, to $110.7 million for the nine months ended September 30, 2026 from $115.5 million

for the nine months ended September 30, 2025. The decrease in interest and dividend income was due to a decrease in the yield on

interest earning assets by 61 basis points from 8.10% for the nine months ended September 30, 2025 to 7.50% for the nine months ended

September 30, 2026, partially offset by an increase in the average balance of interest earning assets of $67.9 million, or 3.6%,

to $2.0 billion for the nine months ended September 30, 2026 from $1.9 billion for the nine months ended September 30, 2025.

The decrease in the yield on interest-earning assets was due to a 75

basis points decrease in the Federal Funds rate from September 2025 to December 2025, partially offset by a 25 basis points

increase in the Federal Funds rate in September 2026. These interest rate movements resulted in a decrease in the yield on our construction

loans and commercial and industrial loans because the interest rates on these loans are indexed to the Prime Rate and change whenever

the Prime Rate changes.

Interest expense decreased $4.4 million, or 11.0%, to $35.8 million

for the nine months ended September 30, 2026 from $40.2 million for the nine months ended September 30, 2025. The decrease in

interest expense was due to a decrease in the cost of interest bearing liabilities by 47 basis points from 3.95% for the nine months ended

September 30, 2025 to 3.48% for the nine months ended September 30, 2026, partially offset by an increase in average interest

bearing liabilities of $12.5 million, or 0.9%, to $1.4 billion for the nine months ended September 30, 2026 from $1.4 billion

for the nine months ended September 30, 2025.

Net interest margin decreased 21 basis points, or 4.0%, to 5.07% for

the nine months ended September 30, 2026 compared to 5.28% for the nine months ended September 30, 2025. The decrease in

the net interest margin was due to a 75 basis points decrease in the Federal Funds rate from September 2025 to December 2025,

partially offset by a 25 basis points increase in the Federal Funds rate in September 2026. These interest rate movements resulted

in a decrease in the yield on interest-earning assets and a smaller decrease in the cost of funds on interest-bearing liabilities.

Credit Loss Expense

The Company recorded a credit loss expense of $860,000 for the nine

months ended September 30, 2026 compared to a credit loss expense of $237,000 for the nine months ended September 30, 2025.

The credit loss expense of $860,000 for the nine months ended September 30, 2026 was comprised of credit loss expense for loans of

$568,000, credit loss expense for off-balance sheet commitments of $283,000, and credit loss expense for held-to-maturity securities of

$9,000. The credit loss expense of $237,000 for the nine months ended September 30, 2025 was comprised of credit loss expense for

loans of $62,000 and credit loss expense for off-balance sheet commitments of $175,000.

The credit

loss expense for loans of $568,000 for the nine months ended September 30, 2026 was primarily due to replenishment of the

allowance for credit losses due to charge-offs totaling $584,000.

The credit loss expense for off-balance sheet commitments of $283,000

for the nine months ended September 30, 2026 was primarily due to an increase in unfunded off-balance sheet commitments. The credit

loss expense for held-to-maturity securities of $9,000 for the nine months ended September 30, 2026 was primarily due to an increase

in the municipal bond portfolio.

The credit loss expense for loans of $62,000 for the nine months ended

September 30, 2025 was primarily due to an increase in the multi-family loan portfolio. The credit loss expense for off-balance sheet

commitments of $175,000 for the nine months ended September 30, 2025 was primarily due to an increase in unfunded off-balance sheet

commitments.

With respect

to the allowance for credit losses for loans, we charged off $584,000 during the nine months ended September 30, 2026 as compared

to charge-offs of $678,000 during the nine months ended September 30, 2025. The charge-offs during the nine months ended September 30,

2026 comprised of $500,000 against a commercial and industrial loan and $84,000 against various unpaid overdrafts in our demand deposit

accounts. The charge-offs during the nine months ended September 30, 2025 were against various unpaid overdrafts in our demand deposit

accounts.

We recorded recoveries of $8,000 during the nine months ended September 30,

2026 compared to recoveries of $534,000 during the nine months ended September 30, 2025. The recoveries during the quarter

ended September 30, 2026 comprised of recoveries from previously charged-off unpaid overdraft on demand deposit accounts. The recoveries

of $534,000 during the nine months ended September 30, 2025 comprised of recoveries of $350,000 with respect to a previously charged-off

non-residential mortgage loan and $184,000 from previously charged-off unpaid overdrafts on demand deposit accounts.

Non-Interest Income

Non-interest income for the nine months ended September 30, 2026

was $1.3 million compared to non-interest income of $3.1 million for the nine months ended September 30, 2025. The decrease of $1.9

million, or 59.7%, in total non-interest income was primarily due to decreases of $1.9 million in unrealized gain/(loss) on equity securities,

$82,000 in other loan fees and service charges, and a loss of $10,000 on the disposition of fixed assets, partially offset by increases

of $57,000 in miscellaneous other non-interest income and $43,000 in BOLI income.

The decrease

in unrealized gain on equity securities was due to an unrealized loss of $1.3 million on equity securities during the nine months ended

September 30, 2026 compared to an unrealized gain of $521,000 on equity securities during the nine months ended September 30,

2025. Both the unrealized loss of $1.3 million on equity securities during the 2026 period and the unrealized gain of $521,000

on equity securities during the 2025 period were due to market interest rate volatility during both periods.

The decrease

of $82,000 in other loan fees and service charges was due to a decrease of $240,000 in other loan fees and loan servicing fees, partially

offset by an increase of $154,000 in ATM/debit card/ACH fees and $3,000 in deposit account fees. The increase of $57,000 in miscellaneous

other non-interest income was due to increases in miscellaneous operating income during the quarter. The increase in BOLI income of $43,000

was due to an increase in the yield on BOLI assets.

Non-Interest Expense

Non-interest

expense increased $773,000, or 2.5%, to $32.3 million for the nine months ended September 30, 2026 from $31.5 million for the nine

months ended September 30, 2025. The increase resulted primarily from increases of $965,000 in other operating expenses, $448,000

in salaries and employee benefits, and $199,000 in occupancy expense, partially offset by decreases of $277,000 in real estate owned expense,

$232,000 in advertising expense, $76,000 in outside data processing expense, and $16,000 in equipment expense.

Other non-interest expense increased $965,000, or 11.5%, to $9.4 million

for the nine months ended September 30, 2026 from $8.4 million for the nine months ended September 30, 2025 due mainly

to increases of $1.2 million in miscellaneous other non-interest expense, $120,000 in service contract expense, $87,000 in consulting

fees, $37,000 in insurance expense, $37,000 in directors, officers, and employee expense, $28,000 in directors compensation, and $11,000

in personnel recruitment expense. These increases were partially offset by decreases of $368,000 in regulatory fees, $61,000 in audit

and accounting fees, $60,000 in telephone expense, $34,000 in dues and subscriptions expense, $25,000 in office supplies expense, and

$3,000 in legal fees.

The increase of $1.2 million in miscellaneous other non-interest expense

was mainly due to increases of $1.1 million in miscellaneous charge-offs, $112,000 in public company expenses, and $24,000 in check and

correspondent bank charges, partially offset by decreases of $4,000 in postage expense and $3,000 in miscellaneous other non-interest

expense. The increase of $1.1 million in miscellaneous charge-offs was due to an increase in customer fraud involving checks and debit

cards.

Income Taxes

We recorded income tax expense of $12.6 million and $13.1 million

for the nine months ended September 30, 2026 and 2025, respectively. For the nine months ended September 30, 2026,

we had approximately $759,000 in tax exempt income, compared to approximately $630,000 in tax exempt income for the nine months ended

September 30, 2025. Our effective income tax rates were 29.3% and 28.0% for the nine months ended September 30, 2026 and

2025, respectively.

Asset Quality

Non-performing assets totaled $17.4 million at September 30, 2026

compared to no non-performing assets at December 31, 2025. The non-performing assets at September 30, 2026 comprised of one

construction loan totaling $13.9 million and two commercial and industrial loans totaling $3.5 million that are in foreclosure and are

secured by a seven story multi-family building with 63 apartment units and one ground floor commercial space occupied by a supermarket

located in the Bronx, New York. We do not currently anticipate any losses on these three loans because we believe the outstanding loan

balance is sufficiently collateralized by the value of the security property.

Our ratio of non-performing assets to total assets was 0.79% at September 30,

2026 compared to 0.00% at December 31, 2025.

The Company’s allowance for credit losses related to loans was

$4.7 million, or 0.23% of total loans at September 30, 2026, compared to $4.7 million, or 0.25% of total loans at December 31,

2025. Based on a review of the loans that were in the loan portfolio at September 30, 2026, management believes that the allowance

for credit losses related to loans is maintained at a level that represents its best estimate of expected losses in the loan portfolio.

In addition, at September 30, 2026, the Company’s allowance

for credit losses related to off-balance sheet commitments totaled $1.2 million and the allowance for credit losses related to held-to-maturity

debt securities totaled $135,000.

Capital

The Company’s total stockholders’ equity to assets ratio

was 16.73% as of September 30, 2026. At September 30, 2026, the Company had the ability to borrow $1.0 billion from the Federal

Reserve Bank of New York and $8.0 million from Atlantic Community Bankers Bank.

The Bank’s capital position remains strong relative to current

regulatory requirements and the Bank is considered a well-capitalized institution under the Prompt Corrective Action framework. As of

September 30, 2026, the Bank had a tier 1 leverage capital ratio of 16.79% and a total risk-based capital ratio of 15.15%.

The Company commenced its third stock repurchase program on December 10,

2025 whereby the Company is authorized to repurchase up to 1,400,435, or 10%, of the Company’s issued and outstanding common stock.

As of September 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.

About NorthEast Community Bancorp

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.

Forward Looking Statement

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 or recessionary conditions and their impact

on regional and national economic conditions), legislative and regulatory changes, changes relating to rent regulation and housing, including

recent legislative action in New York City to freeze rents on certain rent-regulated properties, monetary and fiscal policies of the United

States government, including policies of the United States Treasury and the Federal Reserve Board, the impacts of tariffs, sanctions and

other trade policies of the United States and its global trading counterparts, the impact of changing political conditions or federal

government shutdowns, 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.

CONTACT: Kenneth

A. Martinek

Chairman and Chief Executive Officer

PHONE: (914)

684-2500

NORTHEAST COMMUNITY BANCORP, INC.

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

(Unaudited)

September 30,

December 31,

2026

2025

(In thousands, except share

and per share amounts)

ASSETS

Cash and amounts due from depository institutions

$ 7,711

$ 10,456

Interest-bearing deposits

64,918

70,719

Total cash and cash equivalents

72,629

81,175

Certificates of deposit

100

100

Equity securities

26,229

26,570

Securities held-to-maturity (net of allowance for credit losses of $135 and $126, respectively)

18,674

18,315

Loans receivable

2,020,340

1,860,066

Deferred loan costs, net

36

268

Allowance for credit losses

(4,723 )

(4,731 )

Net loans

2,015,653

1,855,603

Premises and equipment, net

25,038

25,377

Investments in restricted stock, at cost

543

410

Bank owned life insurance

26,990

26,433

Accrued interest receivable

12,854

12,228

Property held for investment

1,306

1,334

Right of Use Assets – Operating

4,114

4,656

Right of Use Assets – Financing

340

343

Other assets

11,567

10,964

Total assets

$ 2,216,037

$ 2,063,508

LIABILITIES AND STOCKHOLDERS’ EQUITY

Liabilities:

Deposits:

Non-interest bearing

$ 325,624

$ 271,924

Interest bearing

1,493,944

1,344,977

Total deposits

1,819,568

1,616,901

Advance payments by borrowers for taxes and insurance

2,875

2,352

Borrowings

-

70,000

Lease Liability – Operating

4,297

4,796

Lease Liability – Financing

464

434

Accounts payable and accrued expenses

18,183

17,325

Total liabilities

1,845,387

1,711,808

Stockholders’ equity:

Preferred stock, $0.01 par value; 25,000,000 shares authorized; none issued or outstanding

$ —

$ —

Common stock, $0.01 par value; 75,000,000 shares authorized; 13,766,631 shares and 13,963,432 shares outstanding, respectively

138

140

Additional paid-in capital

108,957

111,575

Unearned Employee Stock Ownership Plan (“ESOP”) shares

(4,827 )

(5,218 )

Retained earnings

266,107

244,970

Accumulated other comprehensive gain

275

233

Total stockholders’ equity

370,650

351,700

Total liabilities and stockholders’ equity

$ 2,216,037

$ 2,063,508

NORTHEAST COMMUNITY BANCORP, INC.

CONSOLIDATED STATEMENTS OF INCOME

(Unaudited)

Three Months Ended September 30,

Nine Months Ended September 30,

2026

2025

2026

2025

(In thousands, except per share amounts)

(In thousands, except per share amounts)

INTEREST INCOME:

Loans

$ 37,858

$ 38,281

$ 108,074

$ 111,903

Interest-earning deposits

482

716

1,638

2,824

Securities

331

282

988

798

Total Interest Income

38,671

39,279

110,700

115,525

INTEREST EXPENSE:

Deposits

11,409

11,929

33,421

37,915

Borrowings

1,159

1,401

2,372

2,303

Financing lease

10

10

30

29

Total Interest Expense

12,578

13,340

35,823

40,247

Net Interest Income

26,093

25,939

74,877

75,278

Provision for credit loss

—

—

860

237

Net Interest Income after Provision for Credit Loss

26,093

25,939

74,017

75,041

NON-INTEREST (LOSS) INCOME:

Other loan fees and service charges

688

638

1,907

1,989

Loss on disposition of equipment

(10 )

-

(10 )

-

Earnings on bank owned life insurance

193

177

557

514

Unrealized (loss) gain on equity securities

(1,098 )

170

(1,341 )

521

Other

42

29

140

83

Total Non-Interest (Loss) Income

(185 )

1,014

1,253

3,107

NON-INTEREST EXPENSES:

Salaries and employee benefits

5,459

5,416

17,448

17,000

Occupancy expense

764

738

2,426

2,227

Equipment

235

225

679

695

Outside data processing

711

814

2,232

2,307

Advertising

22

115

108

340

Real estate owned expense

-

238

-

515

Other

3,562

2,805

9,358

8,394

Total Non-Interest Expenses

10,753

10,351

32,251

31,478

INCOME BEFORE PROVISION FOR INCOME TAXES

15,155

16,602

43,019

46,670

PROVISION FOR INCOME TAXES

4,483

4,737

12,600

13,068

NET INCOME

$ 10,672

$ 11,865

$ 30,419

$ 33,602

NORTHEAST COMMUNITY BANCORP, INC.

SELECTED CONSOLIDATED FINANCIAL DATA

(Unaudited)

Three Months Ended September 30,

Nine Months Ended September 30,

2026

2025

2026

2025

(In thousands, except per share amounts)

(In thousands, except per share amounts)

Per share data:

Earnings per share - basic

$ 0.81

$ 0.90

$ 2.31

$ 2.54

Earnings per share - diluted

0.79

0.87

2.25

2.47

Weighted average shares outstanding - basic

13,131

13,252

13,156

13,228

Weighted average shares outstanding - diluted

13,566

13,632

13,537

13,626

Performance ratios/data:

Return on average total assets

2.00 %

2.35 %

1.97 %

2.25 %

Return on average shareholders' equity

11.54 %

13.84 %

11.16 %

13.40 %

Net interest income

$ 26,093

$ 25,939

$ 74,877

$ 75,278

Net interest margin

5.09 %

5.38 %

5.07 %

5.28 %

Efficiency ratio

41.50 %

38.40 %

42.36 %

40.16 %

Net charge-off ratio

0.01 %

0.00 %

0.04 %

0.01 %

Loan portfolio composition:

September 30, 2026

December 31, 2025

One-to-four family

$ 3,010

$ 3,114

Multi-family

301,486

306,508

Mixed-use

21,862

25,197

Total residential real estate

326,358

334,819

Non-residential real estate

36,907

38,463

Construction

1,543,624

1,336,329

Commercial and industrial

113,408

150,397

Consumer

43

58

Gross loans

2,020,340

1,860,066

Deferred loan cost, net

36

268

Total loans

$ 2,020,376

$ 1,860,334

Asset quality data:

Loans past due over 90 days and still accruing

$ -

$ -

Non-accrual loans

17,444

-

Total non-performing assets

$ 17,444

$ —

Allowance for credit losses to total loans

0.23 %

0.25 %

Allowance for credit losses to non-performing loans

27.08 %

0.00 %

Non-performing loans to total loans

0.86 %

0.00 %

Non-performing assets to total assets

0.79 %

0.00 %

Bank's Regulatory Capital ratios:

Total capital to risk-weighted assets

15.15 %

15.62 %

Common equity tier 1 capital to risk-weighted assets

14.90 %

15.36 %

Tier 1 capital to risk-weighted assets

14.90 %

15.36 %

Tier 1 leverage ratio

16.79 %

16.39 %

NORTHEAST COMMUNITY BANCORP, INC.

NET INTEREST MARGIN ANALYSIS

(Unaudited)

Three Months Ended September 30, 2026

Three Months Ended September 30, 2025

Average

Interest

Average

Average

Interest

Average

Balance

and dividend

Yield

Balance

and dividend

Yield

(In thousands, except yield/cost information)

(In thousands, except yield/cost information)

Loan receivable gross

$ 1,962,183

$ 37,858

7.72 %

$ 1,826,726

$ 38,281

8.38 %

Securities

45,008

323

2.87 %

39,901

275

2.76 %

Federal Home Loan Bank stock

543

8

5.89 %

1,070

7

2.62 %

Other interest-earning assets

44,799

482

4.30 %

61,177

716

4.68 %

Total interest-earning assets

2,052,533

38,671

7.54 %

1,928,874

39,279

8.15 %

Allowance for credit losses

(4,752 )

(4,724 )

Non-interest-earning assets

90,933

91,219

Total assets

$ 2,138,714

$ 2,015,369

Interest-bearing demand deposit

$ 377,489

$ 2,894

3.07 %

$ 298,408

$ 2,559

3.43 %

Savings and club accounts

130,622

657

2.01 %

134,258

730

2.17 %

Certificates of deposit

798,602

7,858

3.94 %

807,285

8,640

4.28 %

Total interest-bearing deposits

1,306,713

11,409

3.49 %

1,239,951

11,929

3.85 %

Borrowed money

121,146

1,169

3.86 %

125,346

1,411

4.50 %

Total interest-bearing liabilities

1,427,859

12,578

3.52 %

1,365,297

13,340

3.91 %

Non-interest-bearing demand deposit

316,512

284,100

Other non-interest-bearing liabilities

24,473

23,046

Total liabilities

1,768,844

1,672,443

Equity

369,870

342,926

Total liabilities and equity

$ 2,138,714

$ 2,015,369

Net interest income / interest spread

$ 26,093

4.01 %

$ 25,939

4.24 %

Net interest rate margin

5.09 %

5.38 %

Net interest earning assets

$ 624,674

$ 563,577

Average interest-earning assets to interest-bearing liabilities

143.75 %

141.28 %

NORTHEAST COMMUNITY BANCORP, INC.

NET INTEREST MARGIN ANALYSIS

(Unaudited)

Nine Months Ended September 30, 2026

Nine Months Ended September 30, 2025

Average

Interest

Average

Average

Interest

Average

Balance

and dividend

Yield

Balance

and dividend

Yield

(In thousands, except yield/cost information)

(In thousands, except yield/cost information)

Loan receivable gross

$ 1,871,662

$ 108,074

7.70 %

$ 1,783,195

$ 111,903

8.37 %

Securities

45,158

966

2.85 %

38,176

775

2.71 %

Federal Home Loan Bank stock

497

22

5.90 %

637

23

4.81 %

Other interest-earning assets

51,729

1,638

4.22 %

79,145

2,824

4.76 %

Total interest-earning assets

1,969,046

110,700

7.50 %

1,901,153

115,525

8.10 %

Allowance for credit losses

(4,692 )

(4,892 )

Non-interest-earning assets

91,797

94,435

Total assets

$ 2,056,151

$ 1,990,696

Interest-bearing demand deposit

$ 349,140

$ 7,999

3.05 %

$ 290,663

$ 7,405

3.40 %

Savings and club accounts

133,457

1,989

1.99 %

138,116

2,221

2.14 %

Certificates of deposit

803,627

23,433

3.89 %

860,890

28,289

4.38 %

Total interest-bearing deposits

1,286,224

33,421

3.46 %

1,289,669

37,915

3.92 %

Borrowed money

85,718

2,402

3.74 %

69,812

2,332

4.45 %

Total interest-bearing liabilities

1,371,942

35,823

3.48 %

1,359,481

40,247

3.95 %

Non-interest-bearing demand deposit

297,161

276,529

Other non-interest-bearing liabilities

23,754

20,433

Total liabilities

1,692,857

1,656,443

Equity

363,294

334,253

Total liabilities and equity

$ 2,056,151

$ 1,990,696

Net interest income / interest spread

$ 74,877

4.01 %

$ 75,278

4.15 %

Net interest rate margin

5.07 %

5.28 %

Net interest earning assets

$ 597,104

$ 541,672

Average interest-earning assets to interest-bearing liabilities

143.52 %

139.84 %

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Two-character EDGAR code representing the state or country of incorporation.

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The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

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-Name Exchange Act

-Number 240

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The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

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Local phone number for entity.

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

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Title of a 12(b) registered security.

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Name of the Exchange on which a security is registered.

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-Number 240

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-Subsection d1-1

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

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Trading symbol of an instrument as listed on an exchange.

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

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