ECB Bancorp Q2 Earnings Surge 126.5% YoY; Net Income Hits $3.3M, Book Value Climbs to $20.56
ECBK sits 34% above its 52-week low of $14.83.
Summary
ECB Bancorp reported Q2 2026 net income of $3.3 million, a 126.5% year-over-year increase, with net interest income up 31% and book value per share reaching $20.56. The bank also announced plans to expand into the Medford market with a new branch.
Key Events · Earnings and Guidance · ECBK
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Q2 Net Income Up 126.5% YoY
Net income reached $3.3 million, or $0.39 per diluted share, compared to $1.4 million a year ago. Net interest income rose 31% to $10.0 million, driven by higher loan balances and a 37-basis-point expansion in net interest margin to 2.45%.
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Book Value Per Share Climbs to $20.56
Total shareholders' equity increased $4.0 million to $179.9 million, lifting book value per share by $0.51 from the prior quarter. The increase reflects retained earnings and a $856,000 improvement in accumulated other comprehensive income from cash flow hedges.
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Asset Quality Remains Strong
Non-performing assets totaled just $1.5 million, or 0.09% of total assets. The allowance for credit losses stood at 0.73% of total loans, with only $2,000 in net charge-offs during the quarter.
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Medford Branch Expansion Announced
CEO Richard O'Neil highlighted preparations for a new branch in Medford, Massachusetts, as part of the bank's strategy to grow its footprint and customer relationships in the Greater Boston area.
Analysis · ECBK · Finance
Another quarter of robust earnings growth underscores ECB Bancorp's momentum, with net income leaping 126.5% year-over-year to $3.3 million. A 31% expansion in net interest income to $10.0 million was fueled by higher loan balances and improved margins. The balance sheet strengthened further, as book value per share rose to $20.56 and asset quality remained pristine—non-performing assets are just 0.09% of total assets. Signaling continued organic expansion, the CEO highlighted plans for a new branch in Medford. This performance builds on the strong Q1 results reported in May and reinforces the bank's upward trajectory in a competitive environment.
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At the time of this filing, ECBK was trading at $19.86 on NASDAQ in the Finance sector, with a market capitalization of approximately $173.9M. The 52-week trading range was $14.83 to $20.76. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.