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ECBK (ECB Bancorp) Effective Interest Rate on Debt % : 18.85% (As of Dec. 2024)


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What is ECB Bancorp Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. ECB Bancorp's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was $44.11 Mil. ECB Bancorp's average total debt for the quarter that ended in Dec. 2024 was $234.00 Mil. Therefore, ECB Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 18.85%.


ECB Bancorp Effective Interest Rate on Debt % Historical Data

The historical data trend for ECB Bancorp's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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ECB Bancorp Effective Interest Rate on Debt % Chart

ECB Bancorp Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24
Effective Interest Rate on Debt %
31.32 27.27 6.03 14.70 17.97

ECB Bancorp Quarterly Data
Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.10 18.52 18.98 18.85 18.76

Competitive Comparison of ECB Bancorp's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, ECB Bancorp's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


ECB Bancorp's Effective Interest Rate on Debt % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, ECB Bancorp's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where ECB Bancorp's Effective Interest Rate on Debt % falls into.


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ECB Bancorp Effective Interest Rate on Debt % Calculation

ECB Bancorp's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2023 )+Total Debt  (A: Dec. 2024 ))/ count )
=-1  *  -42.057/( (234+234)/ 2 )
=-1  *  -42.057/234
=17.97 %

where

ECB Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2024 )+Total Debt  (Q: Dec. 2024 ))/ count )
=-1  *  -44.112/( (234+234)/ 2 )
=-1  *  -44.112/234
=18.85 %

where

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


ECB Bancorp  (NAS:ECBK) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


ECB Bancorp Effective Interest Rate on Debt % Related Terms

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ECB Bancorp Business Description

Industry
Traded in Other Exchanges
N/A
Address
419 Broadway, Everett, MA, USA, 02149
ECB Bancorp Inc operates as a bank holding company of Everett Co-operative Bank. The firm through its subsidiary engages in business consisting of taking deposits from the general public and investing those deposits, together with funds generated from operations, in one- to four-family residential real estate loans, commercial real estate, and multifamily real estate loans, construction and land loans and home equity lines of credit.
Executives
Brandon Lavertu officer: CAO 419 BROADWAY, EVERETT MA 01249
John A Citrano officer: EVP, COO and CFO 2 LEONARD STREET, BELMONT MA 02478
Paul A Delroy director 419 BROADWAY, EVERETT MA 01249
O'neil Richard J Jr director, officer: President and CEO 419 BROADWAY, EVERETT MA 01249
John Migliozzi officer: EVP and CLO 67 PROSPECT STREET, PEABODY MA 01960
Marjorie A White director 419 BROADWAY, EVERETT MA 01249
Dennis J Leonard director, other: Chairman of the Board 419 BROADWAY, EVERETT MA 01249
Susan Sgroi director 419 BROADWAY, EVERETT MA 01249
Joseph Sachetta director 419 BROADWAY, EVERETT MA 01249
Elizabeth P Jones director 419 BROADWAY, EVERETT MA 01249

ECB Bancorp Headlines

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