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NorthEast Community Bancorp (FRA:JY4) Total Assets : €1,773.13 Mil (As of Sep. 2024)


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What is NorthEast Community Bancorp Total Assets?

NorthEast Community Bancorp's Total Assets for the quarter that ended in Sep. 2024 was €1,773.13 Mil.

Warning Sign:

If a company builds assets at 16.3% a year, faster than its revenue growth rate of 13.2% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, NorthEast Community Bancorp's average Total Assets Growth Rate was 15.90% per year. During the past 3 years, the average Total Assets Growth Rate was 23.60% per year. During the past 5 years, the average Total Assets Growth Rate was 16.30% per year. During the past 10 years, the average Total Assets Growth Rate was 13.10% per year.

During the past 13 years, NorthEast Community Bancorp's highest 3-Year average Total Assets Growth Rate was 23.60%. The lowest was -3.40%. And the median was 11.20%.

Total Assets is connected with ROA %. NorthEast Community Bancorp's annualized ROA % for the quarter that ended in Sep. 2024 was 2.56%. Total Assets is also linked to Revenue through Asset Turnover. NorthEast Community Bancorp's Asset Turnover for the quarter that ended in Sep. 2024 was 0.01.


NorthEast Community Bancorp Total Assets Historical Data

The historical data trend for NorthEast Community Bancorp's Total Assets 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 Total Assets Chart

NorthEast Community Bancorp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 859.65 795.88 1,084.19 1,345.17 1,617.71

NorthEast Community Bancorp Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Total Assets 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 1,611.59 1,617.71 1,717.56 1,793.15 1,773.13

NorthEast Community Bancorp Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

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

Total Assets=Total Equity (A: Dec. 2023 )+Total Liabilities (A: Dec. 2023 )
=256.141+1361.571
=1,617.71

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

Total Assets=Total Equity (Q: Sep. 2024 )+Total Liabilities (Q: Sep. 2024 )
=278.97+1494.159
=1,773.13

* 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  (FRA:JY4) Total Assets Explanation

Total Assets is connected with ROA %.

NorthEast Community Bancorp's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %=Net Income (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=45.72/( (1793.145+1773.129)/ 2 )
=45.72/1783.137
=2.56 %

Note: The Net Income data used here is four times the quarterly (Sep. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

NorthEast Community Bancorp's Asset Turnover for the quarter that ended in Sep. 2024 is

Asset Turnover
=Revenue (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=24.158/( (1793.145+1773.129)/ 2 )
=24.158/1783.137
=0.01

* 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.

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

NorthEast Community Bancorp Total Assets 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.

NorthEast Community Bancorp Headlines

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