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ECB Bancorp, Inc. /MD/
ECBKCIK 0001914605NasdaqEmerging GrowthSavings Institutions, Not Federally CharteredMarylandFY ends Dec 31
Period
FY 2025
Revenue
$598.0K
Net Income
$7.77M
Total Assets
$1.61B
Equity
$171.93M
Shares Out
8.75M
Op. Cash Flow
$9.22M
Business
ECB Bancorp, Inc. is a Maryland bank holding company that owns Everett Co-operative Bank, a Massachusetts-chartered stock cooperative bank. The bank provides consumer and commercial lending, deposit-taking, and investment services from three branches in the Boston metropolitan area. Primary loan products include one-to-four family residential mortgages, multifamily and commercial real estate loans, construction loans, and home equity products; funding sources include retail deposits, brokered deposits, and Federal Home Loan Bank advances.
Summary from 10-K filed 2026-03-25
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Interest and fees on loans | 69 | 58 | 48 | 27 | 21 | |
| Interest and dividends on securities | 4 | 3 | 3 | 1 | 1 | |
| Interest on short-term investments | 5 | 6 | — | — | — | |
| Interest on interest-bearing time deposits | 117,000 | 3,000 | — | — | — | |
| Total interest and dividend income | 78 | 67 | 55 | 29 | 22 | |
| Interest on deposits | 37 | 33 | 21 | 5 | 4 | |
| Interest on Federal Home Loan Bank advances | 9 | 9 | 9 | 948,000 | 135,000 | |
| Total interest expense | 46 | 42 | 30 | — | — | |
| Net interest and dividend income | 32 | 25 | 25 | 24 | 19 | |
| Provision for credit losses | 2 | 174,000 | 803,000 | 3 | 360,000 | |
| Net interest and dividend income after provision for credit losses | 30 | 25 | 24 | 21 | 18 | |
| Customer service fees | 598,000 | 577,000 | — | — | — | |
| Income from bank-owned life insurance | 475,000 | 473,000 | 479,000 | 828,000 | 355,000 | |
| Net gain on sales of loans | 132,000 | 119,000 | 21,000 | 84,000 | 446,000 | |
| Other income | 121,000 | 57,000 | 36,000 | 43,000 | 28,000 | |
| Total noninterest income | 1 | 1 | 1 | 1 | 1 | |
| Salaries and employee benefits | 13 | 13 | 12 | 10 | 10 | |
| Director compensation | 797,000 | 834,000 | 581,000 | 429,000 | 430,000 | |
| Occupancy and equipment | 1 | 1 | — | — | — | |
| Data processing | 1 | 1 | 1 | 850,000 | 684,000 | |
| Computer software and licensing | 441,000 | 443,000 | — | — | — | |
| Advertising and promotions | 639,000 | 551,000 | 794,000 | 752,000 | 648,000 | |
| Professional fees | 1 | 1 | 1 | 846,000 | 482,000 | |
| Federal Deposit Insurance Corporation deposit insurance | 883,000 | 752,000 | — | 225,000 | 156,000 | |
| Other | 2 | 2 | 1 | 1 | 1 | |
| Total noninterest expense | 21 | 21 | 19 | 19 | 14 | |
| Income before income tax expense | 10 | 5 | 6 | 3 | 5 | |
| Income tax expense | 3 | 1 | 2 | 776,000 | 1 | |
| Net income | 8 | 4 | 4 | 3 | 4 | |
| Weighted average shares outstanding, basic (in shares) | 8 | 8 | 8 | 8 | 0 | |
| Weighted average shares outstanding, diluted (in shares) | 8 | 8 | 9 | 8 | 0 | |
| Basic earnings per share (in dollars per share) | 0.96 | 0.48 | 0.53 | 0.32 | — | |
| Diluted earnings per share (in dollars per share) | 0.94 | 0.48 | 0.52 | 0.32 | — |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and due from banks | 4 | 6 | 4 | 3 | 7 | |
| Short-term investments | 83 | 152 | 115 | 59 | 46 | |
| Total cash and cash equivalents | 87 | 158 | 119 | 62 | 53 | |
| Interest-bearing time deposits | 8 | 100,000 | 0 | 300,000 | 0 | |
| Investments in available-for-sale securities (at fair value) | 34 | 7 | — | — | — | |
| Investments in held-to-maturity securities, at cost (fair values of $52,326 at December 31, 2025 and $67,505 at December 31, 2024) | 56 | 73 | — | — | — | |
| Loans held-for-sale | 357,000 | 0 | — | — | — | |
| Loans, net of allowance for credit losses of $10,255 as of December 31, 2025 and $8,884 as of December 31, 2024 | 1,372 | 1,136 | — | — | — | |
| Federal Home Loan Bank stock, at cost | 12 | 10 | 10 | 7 | 1 | |
| Premises and equipment, net | 3 | 4 | 4 | 4 | 4 | |
| Interest Receivable | 5 | 4 | 4 | 3 | 1 | |
| Deferred tax assets, net | 6 | 5 | 5 | 4 | 3 | |
| Bank-owned life insurance | 15 | 15 | 14 | 14 | 14 | |
| Other Assets | 7 | 7 | 3 | 2 | 1 | |
| Total assets | 1,606 | 1,418 | 1,280 | 1,064 | 666 | |
| Noninterest-bearing | 81 | 85 | 78 | 85 | 83 | |
| Interest-bearing | 1,051 | 914 | 790 | 633 | 488 | |
| Total deposits | 1,132 | 999 | 868 | 718 | 572 | |
| Federal Home Loan Bank advances | 285 | 234 | 234 | 174 | 9 | |
| Other Liabilities | 17 | 17 | 13 | 10 | 8 | |
| Total liabilities | 1,434 | 1,250 | 1,115 | 902 | 589 | |
| Commitments and contingencies (see Note 14) | — | — | — | — | — | |
| Preferred Stock, par value $0.01; Authorized: 1,000,000 shares; No shares issued or outstanding | 0 | 0 | — | — | — | |
| Common Stock, par value $0.01; Authorized: 30,000,000 shares; Issued and outstanding: 8,792,719 shares and 9,095,833 shares, at December 31, 2025 and December 31, 2024, respectively | 88,000 | 91,000 | 93,000 | 92,000 | 0 | |
| Additional paid-in capital | 83 | 86 | 87 | 89 | 0 | |
| Retained earnings | 96 | 88 | 84 | 80 | 77 | |
| Accumulated other comprehensive (loss) income | −896,000 | 382,000 | 129,000 | 249,000 | −83,000 | |
| Unallocated common shares held by the Employee Stock Ownership Plan | −6 | −6 | — | — | — | |
| Total shareholders' equity | 172 | 168 | 165 | 163 | 77 | |
| Total liabilities and shareholders' equity | 1,606 | 1,418 | 1,280 | 1,064 | 666 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Accretion of securities, net | −183,000 | −63,000 | — | — | — | |
| Change in deferred loan costs/fees | 288,000 | 276,000 | — | — | — | |
| Proceeds from sales of loans | 10 | 8 | 367,000 | 6 | 25 | |
| Loans originated for sale, net | −10 | −8 | — | — | — | |
| Depreciation and amortization expense | 297,000 | 302,000 | — | — | — | |
| Increase in accrued interest receivable | −1 | −249,000 | −1 | −1 | 339,000 | |
| Increase (decrease) in accrued interest payable | 302,000 | −16,000 | 1 | 687,000 | 0 | |
| Increase in bank-owned life insurance | −475,000 | −473,000 | — | — | — | |
| Deferred income tax benefit | −246,000 | −250,000 | −111,000 | −2 | −1 | |
| ESOP expense | 579,000 | 494,000 | 470,000 | 559,000 | — | |
| Stock-based compensation expense | 1 | 1 | 470,000 | 559,000 | 0 | |
| Increase in other assets | −627,000 | −3 | −1 | −769,000 | −364,000 | |
| Increase in other liabilities | 302,000 | 4 | 2 | 3 | 2 | |
| Net cash provided by operating activities | 9 | 6 | 6 | 8 | 6 | |
| Purchases of held-to-maturity securities | −29 | −9 | −8 | −23 | −27 | |
| Proceeds from paydowns and maturities of held-to-maturity securities | 46 | 13 | 9 | 10 | 14 | |
| Purchases of available-for-sale securities | −31 | −7 | 0 | — | — | |
| Proceeds from paydowns and maturities of available-for-sale securities | 4 | 5 | 0 | — | — | |
| Purchase of interest-bearing time deposits | −8 | −200,000 | — | — | — | |
| Proceeds from maturities of interest bearing time deposits | 100,000 | 100,000 | — | — | — | |
| Investment in low-income housing tax credit funds | −3 | 0 | — | — | — | |
| Purchase of Federal Home Loan Bank Stock | −6 | −2 | −4 | −8 | 0 | |
| Redemption of Federal Home Loan Bank Stock | 4 | 2 | — | — | — | |
| Loan originations and principal collections, net | −234 | −89 | — | — | — | |
| Purchase of loans | −3 | −8 | — | — | — | |
| Capital expenditures | −214,000 | −60,000 | −335,000 | −216,000 | −104,000 | |
| Net cash used in investing activities | −260 | −95 | −157 | −389 | −68 | |
| Net increase in demand deposits, NOW and savings accounts | 11 | 23 | −29 | 53 | 71 | |
| Net increase in time deposits | 123 | 107 | 179 | 93 | 10 | |
| Proceeds from long-term Federal Home Loan Bank advances | 31 | 55 | 195 | 110 | 4 | |
| Repayments of long-term Federal Home Loan Bank advances | −25 | −70 | −80 | −20 | −13 | |
| Net change in short-term Federal Home Loan Bank advances | 45 | 15 | — | — | — | |
| Restricted stock awards issued, net of awards surrendered | −30,000 | −24,000 | — | — | — | |
| Stock options exercised | 0 | 69,000 | — | — | — | |
| Payments for shares repurchased under share repurchase plan | −5 | −3 | −2 | — | — | |
| Net cash provided by financing activities | 180 | 128 | 208 | 391 | 71 | |
| Net (decrease) increase in cash and cash equivalents | −71 | 39 | 57 | 9 | 10 | |
| Interest paid | 47 | 42 | 29 | 5 | 4 | |
| Federal | 2 | 1 | — | — | — |
Filings
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Frequently asked questions
What is ECB Bancorp, Inc. /MD/'s CIK number?
ECB Bancorp, Inc. /MD/'s SEC CIK number is 0001914605 (1914605). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find ECB Bancorp, Inc. /MD/'s SEC filings?
All of ECB Bancorp, Inc. /MD/'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did ECB Bancorp, Inc. /MD/ last report earnings?
ECB Bancorp, Inc. /MD/ (ECBK) most recently filed an earnings 8-K with the SEC on Apr 23, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001437749-26-013178). This is ECB Bancorp, Inc. /MD/'s most recent earnings filing of record — not a forecast of its next earnings date.
What is ECB Bancorp, Inc. /MD/'s most recent earnings 8-K?
ECB Bancorp, Inc. /MD/'s latest earnings 8-K (Item 2.02) was filed Apr 23, 2026 under accession 0001437749-26-013178. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View ECB Bancorp, Inc. /MD/'s latest earnings 8-K →
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