NorthEast Community Bancorp Reports Strong Financial Results for Q1 2024

NorthEast Community Bancorp, Inc. announces strong financial results for the first quarter of 2024, with a net income of $11.4 million. The company’s loan portfolio played a key role in driving positive performance metrics, including a return on average assets ratio of 2.50% and a return on average equity ratio of 15.88%. Total assets grew by $102.8 million, reaching $1.9 billion by March 31, 2024.