Northeast Community Bancorp Management

Management criteria checks 4/4

Northeast Community Bancorp's CEO is Kenneth Martinek, appointed in Jul 2006, has a tenure of 18.33 years. total yearly compensation is $900.51K, comprised of 58.3% salary and 41.7% bonuses, including company stock and options. directly owns 2.41% of the company’s shares, worth $8.35M. The average tenure of the management team and the board of directors is 12.8 years and 15.1 years respectively.

Key information

Kenneth Martinek

Chief executive officer

US$900.5k

Total compensation

CEO salary percentage	58.3%
CEO tenure	18.3yrs
CEO ownership	2.4%
Management average tenure	12.8yrs
Board average tenure	15.1yrs

Recent management updates

Recent updates

Northeast Community Bancorp's (NASDAQ:NECB) Upcoming Dividend Will Be Larger Than Last Year's

Sep 24

Northeast Community Bancorp: Recent Stellar Upside Isn't The End Of The Story

Sep 01

Northeast Community Bancorp (NASDAQ:NECB) Will Pay A Dividend Of $0.10

Jun 24

Northeast Community Bancorp (NASDAQ:NECB) Will Pay A Larger Dividend Than Last Year At $0.10

Mar 26

Northeast Community Bancorp (NASDAQ:NECB) Is Paying Out A Dividend Of $0.06

Dec 26

With EPS Growth And More, Northeast Community Bancorp (NASDAQ:NECB) Makes An Interesting Case

Nov 04

Northeast Community Bancorp (NASDAQ:NECB) Will Pay A Dividend Of $0.06

Jun 27

Northeast Community Bancorp (NASDAQ:NECB) Has Announced A Dividend Of $0.06

Apr 01

This Analyst Just Wrote A Brand New Outlook For Northeast Community Bancorp, Inc.'s (NASDAQ:NECB) Business

Feb 15

Northeast Community Bancorp GAAP EPS of $0.35 beats by $0.07, revenue of $14.08M beats by $0.44M

Jul 22

CEO Compensation Analysis

How has Kenneth Martinek's remuneration changed compared to Northeast Community Bancorp's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$49m
Jun 30 2024	n/a	n/a	US$48m
Mar 31 2024	n/a	n/a	US$46m
Dec 31 2023	US$901k	US$525k	US$46m
Sep 30 2023	n/a	n/a	US$42m
Jun 30 2023	n/a	n/a	US$38m
Mar 31 2023	n/a	n/a	US$32m
Dec 31 2022	US$3m	US$525k	US$25m
Sep 30 2022	n/a	n/a	US$21m
Jun 30 2022	n/a	n/a	US$14m
Mar 31 2022	n/a	n/a	US$12m
Dec 31 2021	US$775k	US$505k	US$12m
Sep 30 2021	n/a	n/a	US$11m
Jun 30 2021	n/a	n/a	US$14m
Mar 31 2021	n/a	n/a	US$12m
Dec 31 2020	US$588k	US$400k	US$12m
Dec 31 2019	US$594k	US$389k	US$13m
Dec 31 2018	US$593k	US$388k	US$13m
Dec 31 2017	US$426k	US$353k	US$8m

Compensation vs Market: Kenneth's total compensation ($USD900.51K) is below average for companies of similar size in the US market ($USD2.18M).

Compensation vs Earnings: Kenneth's compensation has been consistent with company performance over the past year.

CEO

Kenneth Martinek (72 yo)

18.3yrs

Tenure

US$900,505

Compensation

Mr. Kenneth A. Martinek served as the Chairman and Chief Executive Officer of Northeast Community Bancorp, MHC. Mr. Martinek has also been the Chairman and Chief Executive Officer at Northeast Community Ba...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Kenneth Martinek	Chairman & CEO	18.3yrs	US$900.51k	2.41% $ 8.4m
Jose Collazo	President	12.8yrs	US$660.05k	0.96% $ 3.3m
Donald Hom	Executive VP & CFO	11.3yrs	US$478.65k	0.48% $ 1.7m
Anne Stevenson-DeBlasi	Corporate Secretary	no data	no data	no data

12.8yrs

Average Tenure

69yo

Average Age

Experienced Management: NECB's management team is seasoned and experienced (12.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Kenneth Martinek	Chairman & CEO	18.3yrs	US$900.51k	2.41% $ 8.4m
Jose Collazo	President	11.3yrs	US$660.05k	0.96% $ 3.3m
Kenneth Thomas	Independent Director	23.8yrs	US$51.19k	0.43% $ 1.5m
Linda Swan	Independent Director	2.4yrs	US$107.09k	0.023% $ 80.2k
Charles Martinek	Director	22.8yrs	no data	0.26% $ 903.5k
Diane Cavanaugh	Independent Director	32.8yrs	US$52.94k	0.13% $ 456.5k
John McKenzie	Independent Director	18yrs	US$51.44k	0.30% $ 1.0m
Eugene Magier	Independent Director	12.2yrs	US$52.19k	0.24% $ 845.9k
Charles Cirillo	Independent Director	6.8yrs	US$65.69k	0.21% $ 726.0k
Joel Morgenthau	Director	less than a year	no data	no data

15.1yrs

Average Tenure

68yo

Average Age

Experienced Board: NECB's board of directors are seasoned and experienced ( 15.1 years average tenure).

Northeast Community Bancorp Management

Management criteria checks 4/4

Key information

Recent management updates

Northeast Community Bancorp, Inc., Annual General Meeting, May 23, 2024

Independent Director recently bought US$62k worth of stock

Insufficient new directors

Northeast Community Bancorp, Inc. and Northeast Community Bank Appoints Linda M. Swan as A Director

Chairman & CEO recently bought US$108k worth of stock

Independent Director recently bought US$110k worth of stock

Recent updates

Third quarter 2024 earnings released: EPS: US$0.91 (vs US$0.80 in 3Q 2023)

Northeast Community Bancorp, Inc. Reports Charged-Offs for the Third Quarter Ended September 30, 2024

Northeast Community Bancorp's (NASDAQ:NECB) Upcoming Dividend Will Be Larger Than Last Year's

Second quarter dividend of US$0.30 announced

Northeast Community Bancorp, Inc. Approves Quarterly Cash Dividend, to Be Paid on or About November 6, 2024

Now 20% undervalued

Northeast Community Bancorp: Recent Stellar Upside Isn't The End Of The Story

Now 21% undervalued

Now 22% undervalued

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

Investor sentiment improves as stock rises 15%

Consensus EPS estimates increase by 14%

Price target increased by 8.3% to US$19.50

Northeast Community Bancorp (NASDAQ:NECB) Will Pay A Dividend Of $0.10

First quarter dividend of US$0.10 announced

First quarter 2024 earnings: EPS exceeds analyst expectations

Full year 2023 earnings: EPS exceeds analyst expectations

Northeast Community Bancorp (NASDAQ:NECB) Will Pay A Larger Dividend Than Last Year At $0.10

Northeast Community Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on or About May 6, 2024

Price target decreased by 7.5% to US$18.50

Northeast Community Bancorp, Inc., Annual General Meeting, May 23, 2024

Full year 2023 earnings: EPS exceeds analyst expectations

Northeast Community Bancorp, Inc. Reports Charge-Offs for the Fourth Quarter Ended December 31, 2023

Northeast Community Bancorp (NASDAQ:NECB) Is Paying Out A Dividend Of $0.06

NorthEast Community Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on or About February 5, 2024

Price target increased by 8.1% to US$20.00

With EPS Growth And More, Northeast Community Bancorp (NASDAQ:NECB) Makes An Interesting Case

New major risk - Revenue and earnings growth

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Upcoming dividend of US$0.06 per share at 1.6% yield

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Northeast Community Bancorp (NASDAQ:NECB) Will Pay A Dividend Of $0.06

Price target increased by 13% to US$17.00

NorthEast Community Bancorp, Inc. Announces Quarterly Cash Dividend, Payable on or about August 4, 2023

Consensus EPS estimates increase by 13%

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of US$0.06 per share at 1.8% yield

Northeast Community Bancorp (NASDAQ:NECB) Has Announced A Dividend Of $0.06

Price target decreased by 11% to US$16.00

Independent Director recently bought US$62k worth of stock

This Analyst Just Wrote A Brand New Outlook For Northeast Community Bancorp, Inc.'s (NASDAQ:NECB) Business

Consensus revenue estimates increase by 20%

Full year 2022 earnings: EPS misses analyst expectations

Northeast Community Bancorp, Inc. Reports Unaudited Impairment Loss for the Fourth Quarter Ended December 31, 2022

Upcoming dividend of US$0.06 per share

Northeast Community Bancorp (NASDAQ:NECB) Will Pay A Dividend Of $0.06

Insufficient new directors

Consensus revenue estimates increase by 12%

Price target increased to US$15.50

Third quarter 2022 earnings released: EPS: US$0.48 (vs US$0.05 in 3Q 2021)

Upcoming dividend of US$0.06 per share

Northeast Community Bancorp (NASDAQ:NECB) Has Announced A Dividend Of $0.06

Northeast Community Bancorp, Inc. Announces Quarterly Cash Dividend, Payable on or About November 15, 2022

Northeast Community Bancorp declares $0.06 dividend

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

Northeast Community Bancorp, Inc. Announces Charged Offs for the Quarter Ended June 30, 2022

Consensus EPS estimates increase by 12%

Northeast Community Bancorp GAAP EPS of $0.35 beats by $0.07, revenue of $14.08M beats by $0.44M

Northeast Community Bancorp, Inc. and Northeast Community Bank Appoints Linda M. Swan as A Director

Northeast Community Bancorp, Inc. Announces Quarterly Cash Dividend, Payable on August 5, 2022

Chairman & CEO recently bought US$108k worth of stock

Independent Director recently bought US$110k worth of stock

Northeast Community Bancorp, Inc. Announces Special Dividend, Payable on or About May 31, 2022

First quarter 2022 earnings: EPS misses analyst expectations

Price target increased to US$14.00

Insufficient new directors

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of US$0.06 per share

Now 22% undervalued