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NECB (NorthEast Community Bancorp) Pretax Margin % : 65.53% (As of Sep. 2024)


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What is NorthEast Community Bancorp Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. NorthEast Community Bancorp's Pre-Tax Income for the three months ended in Sep. 2024 was $17.6 Mil. NorthEast Community Bancorp's Revenue for the three months ended in Sep. 2024 was $26.8 Mil. Therefore, NorthEast Community Bancorp's pretax margin for the quarter that ended in Sep. 2024 was 65.53%.

The historical rank and industry rank for NorthEast Community Bancorp's Pretax Margin % or its related term are showing as below:

NECB' s Pretax Margin % Range Over the Past 10 Years
Min: 13.51   Med: 38.62   Max: 64.2
Current: 64.2


NECB's Pretax Margin % is ranked better than
94.55% of 1540 companies
in the Banks industry
Industry Median: 32.465 vs NECB: 64.20

NorthEast Community Bancorp Pretax Margin % Historical Data

The historical data trend for NorthEast Community Bancorp's Pretax Margin % 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.

* Premium members only.

NorthEast Community Bancorp Pretax Margin % Chart

NorthEast Community Bancorp Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 37.55 34.12 52.60 64.13 63.26

NorthEast Community Bancorp Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Pretax Margin % 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 Premium Member Only Premium Member Only Premium Member Only 60.60 62.74 67.38 65.53 60.96

Competitive Comparison of NorthEast Community Bancorp's Pretax Margin %

For the Banks - Regional subindustry, NorthEast Community Bancorp's Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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.


NorthEast Community Bancorp's Pretax Margin % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, NorthEast Community Bancorp's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where NorthEast Community Bancorp's Pretax Margin % falls into.



NorthEast Community Bancorp Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

NorthEast Community Bancorp's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Margin=Pre-Tax Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=64.741/100.952
=64.13 %

NorthEast Community Bancorp's Pretax Margin for the quarter that ended in Sep. 2024 is calculated as

Pretax Margin=Pre-Tax Income (Q: Sep. 2024 )/Revenue (Q: Sep. 2024 )
=17.569/26.812
=65.53 %

* 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.


NorthEast Community Bancorp  (NAS:NECB) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.


NorthEast Community Bancorp Pretax Margin % Related Terms

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NorthEast Community Bancorp Business Description

Traded in Other Exchanges
Address
325 Hamilton Avenue, White Plains, NY, USA, 10601
NorthEast Community Bancorp Inc operates as a community-oriented financial institution. It is principally engaged in the business of attracting deposits and investing those funds into mortgage and commercial loans. They conduct their activities throughout the Northeastern United States including New York, Massachusetts, New Jersey, and Connecticut. The company offers a comprehensive line of banking products and services, including mobile banking as well as commercial real estate loans, commercial construction financing, lines of credit, and term loans. It also offers investment advisory and financial planning services.
Executives
Diane B Cavanaugh director 325 HAMILTON AVENUE, WHITE PLAINS NY 10601
Donald S Hom officer: EVP and CFO 325 HAMILTON AVE, WHITE PLAINS NY 10601
Charles A Martinek director 325 HAMILTON AVENUE, WHITE PLAINS NY 10601
John F Mckenzie director 325 HAMILTON AVENUE, WHITE PLAINS NY 10601
Charles Michael Cirillo director C/O NORTHEAST COMMUNITY BANCORP, INC., 325 HAMILTON AVENUE, WHITE PLAINS NY 10601
Kenneth H Thomas director 325 HAMILTON AVENUE, WHITE PLAINS NY 10601
Linda M Swan director 325 HAMILTON AVENUE, WHITE PLAINS NY 10601
Kenneth A Martinek director, officer: Chairman and CEO 325 HAMILTON AVENUE, WHITE PLAINS NY 10601
Kevin Patrick Omalley director C/O NORTHEAST COMMUNITY BANCORP, INC., 325 HAMILTON AVENUE, WHITE PLAINS NY 10601
Jose M Collazo director, officer: President and COO 325 HAMILTON AVENUE, WHITE PLAINS NY 10601
Eugene M Magier director 325 HAMILTON AVENUE, WHITE PLAINS NY 10601