ECB Bancorp, Inc. (NASDAQ: ECBK) reported financial results for the quarter ended September 30, 2026, in a press release dated October 22, 2026. The company, the holding company for Everett Co-operative Bank, recorded net income of $3.4 million, or $0.40 per diluted share, for the third quarter of 2026. This figure represents an increase from the prior quarter’s net income of $3.3 million, or $0.39 per diluted share, and compares favorably to the $2.4 million, or $0.29 per diluted share, reported in the third quarter of 2025.
Key financial metrics for the third quarter of 2026 included a return on average assets of 0.80% and a return on average equity of 7.36%. The company’s net interest margin expanded by 11 basis points to 2.56%, driven by higher yields on interest-earning assets and lower average balances of certificates of deposit. Total assets stood at $1.69 billion as of September 30, 2026, an increase of $21.6 million, or 1.3%, from the prior quarter. Total loans grew by $55.5 million, or 3.9%, reaching $1.46 billion, with growth noted in commercial real estate, multi-family, and construction loans.
On the deposit side, total deposits increased by $18.3 million to $1.21 billion. The company noted that deposits excluding brokered deposits grew by $63.2 million, while brokered deposits decreased by $45.0 million. Non-performing assets were $1.4 million, or 0.08% of total assets, indicating stable asset quality. The company also opened a new full-service branch in Medford, Massachusetts, on October 13, 2026.
