Overview * NorthEast Community Bancorp Q3 net income declines to $11.9 mln from $12.7 mln last year * Net interest income for Q3 falls to $25.9 mln from $26.3 mln last year * Company maintains strong asset quality with no non-performing loans Outlook * Company did not provide specific financial guidance for future periods Result Drivers * STRONG LOAN DEMAND – Co reports robust loan demand, particularly in construction and multi-family lending * INTEREST MARGIN PRESSURE – Decrease in yield on interest-earning assets led to lower net interest income * COST MANAGEMENT – Strategy to reduce brokered deposits to lower cost of funds Key Details Metric Beat/Mis Actual Consensu s s Estimate Q3 Net $11.86 Income mln Q3 Net $25.93 Interest mln Income Q3 Net 5.38% Interest Margin Q3 $16.60 Pretax mln Profit Analyst Coverage * The one available analyst rating on the shares is "hold" * Wall Street's median 12-month price target for Northeast Community Bancorp Inc is $24.00, about 15.7% above its October 21 closing price of $20.24 * The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 7 three months ago Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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