The 126.5% YoY earnings surge is striking but largely reflects a normalized provision expense vs an elevated year-ago comparison. Monitor the Q3 2026 release for loan growth acceleration and deposit stabilization; the flat loan growth and NIM compression suggest the core earnings trajectory may moderate.
Price Chart
Executive Summary
ECB Bancorp reported Q2 2026 net income of $3.3M ($0.39 diluted EPS), up 4.5% linked-quarter and 126.5% YoY, driven by net interest income growth and a sharply lower provision for credit losses. The sequential net interest margin compressed 4bps to 2.45% due to lower prepayment fees, while asset quality remained strong with NPA/TA at 0.09%. The YoY earnings surge is the headline, but the flat loan growth and deposit decline warrant caution for a $175M market-cap thrift.
Key Financial Metrics
Key Facts
- Q2 2026 net income of $3.3M vs $1.4M in Q2 2025 (+126.5% YoY)
- Diluted EPS of $0.39 vs $0.17 in Q2 2025 (+129.4% YoY)
- Net interest income of $10.0M, up 31.0% YoY
- Provision for credit losses fell to $61K from $1.1M in Q2 2025 (-94.6% YoY)
- Net interest margin compressed 4bps QoQ to 2.45%
- Total loans grew only 0.1% QoQ; total deposits declined 0.6% QoQ
- Non-performing assets rose to 0.09% of total assets from 0.07% in Q1 2026
- Book value per share increased to $20.56 from $20.05 in Q1 2026
Financial Impact
Net income of $3.3M, up 126.5% YoY; diluted EPS of $0.39
Risk Factors
- Flat loan growth (0.1% QoQ) and declining deposits (-0.6% QoQ) signal potential top-line headwinds
- NIM compression of 4bps QoQ to 2.45% driven by lower prepayment fees
- Non-performing assets increased to 0.09% of total assets from 0.07%
- Higher advertising spend (+60.1% QoQ) may pressure efficiency ratio if not offset by revenue growth
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001437749-26-024237 |
| Document: ecbk20260515_8k.htm | 0001437749-26-024237 |
| Document: 0001437749-26-024237-index-headers.html | 0001437749-26-024237 |
| Document: 0001437749-26-024237-index.html | 0001437749-26-024237 |
| Document: 0001437749-26-024237.txt | 0001437749-26-024237 |
| 8-K Data (Synthetic) | 0001437749-26-024237 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | 8-K | $21.33 $21.66 | ▲ +1.55% | ▲ +2.07% | $21.17 (−0.75%) |
Sep 23, 2026 4w ago | 3 | $20.05 $20.70 | ▲ +3.24% | ▲ +3.32% | $21.17 (+5.59%) |
Sep 22, 2026 4w ago | 8-K | $20.05 $20.70 | ▲ +3.24% | ▲ +3.32% | $21.17 (+5.59%) |
Jul 23, 2026 13w ago | 8-K | $20.23 $19.91 | ▼ −1.58% | ▼ −1.68% | $21.17 (+4.65%) |
Apr 23, 2026 26w ago | 8-K | $18.27 $18.12 | ▼ −0.82% | ▼ −0.98% | $21.17 (+15.87%) |
US Market Status
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