ECB Bancorp, Inc. filings document the public-company disclosures of a Maryland bank holding company and its wholly owned subsidiary, Everett Co-operative Bank. Form 8-K reports include quarterly and annual financial results, net interest and dividend income, earnings, and material operating events for the bank, including branch-application disclosures.
Proxy materials cover annual meeting procedures, director elections, auditor ratification, stockholder voting, board governance, and common stock voting matters. The filings also frame the company’s deposit-funded banking model and real estate lending categories, including residential, commercial, multifamily, construction and land loans, and home equity lines of credit.
ECB Bancorp, Inc. reported stronger results for the quarter ended March 31, 2026. Net income rose to $3.1 million from $1.3 million a year earlier, and diluted earnings per share increased to $0.38 from $0.16. Net interest and dividend income grew to $9.8 million from $6.6 million, as interest and fee income on loans climbed while funding costs also increased.
Total assets reached $1.65 billion at March 31, 2026, up from $1.61 billion at year-end, driven by loan growth to $1.40 billion and higher cash and short-term investments. Deposits rose to $1.20 billion, with time deposits expanding notably, and Federal Home Loan Bank advances declined.
Credit quality remained solid, with non-accrual loans of about $1.2 million and an allowance for credit losses on loans of $10.4 million. The bank stayed well capitalized, posting a total risk-based capital ratio of 14.55% and a Tier 1 leverage ratio of 9.83%. Derivative cash flow hedges on borrowings helped manage interest rate risk and contributed to a swing to positive other comprehensive income.
ECB Bancorp, Inc. CFO Brandon Lavertu reported small open-market purchases of company stock. On April 30, 2026, he bought a total of 40 shares of Common Stock in four open-market trades at prices between $17.85 and $17.92 per share. After these transactions, he directly holds 32,423 Common shares.
He also has indirect ownership of 3,334 shares by ESOP, 15,000 shares by spouse, 15,517 shares by Roth IRA, and 47,005 shares by IRA. In addition, he holds stock options over 74,888 shares with a $10.12 exercise price expiring on October 31, 2033, which vest at 20% per year starting October 31, 2024.
ECB Bancorp, Inc., holding company for Everett Co-operative Bank, reported a strong first quarter of 2026. Net income rose to $3.1 million, or $0.38 per diluted share, up from $2.6 million, or $0.31, in the prior quarter and $1.3 million, or $0.16, a year earlier.
Net interest and dividend income increased to $9.8 million, helped by higher loan balances and yields and a lower average cost of interest-bearing liabilities. The net interest margin expanded to 2.49% from 2.32% in Q4 2025. Noninterest expense edged down, improving the efficiency ratio to 56.54% from 60.80%.
The balance sheet continued to grow, with total assets at $1.65 billion, loans at $1.40 billion, and deposits at $1.20 billion as of March 31, 2026. Asset quality remained solid: nonperforming assets were 0.07% of total assets, and the allowance for credit losses was $10.4 million, or 0.74% of total loans. Book value per share increased to $20.05, reflecting earnings and improved other comprehensive income.
ECB Bancorp, Inc. calls its 2026 annual meeting for May 20, 2026 to elect two directors, Joseph Sachetta and Susan Sgroi, for three-year terms and to ratify Wolf & Company, P.C. as independent auditor for 2026.
The proxy details board committee roles, independence and director qualifications, and highlights governance policies, including insider trading and anti-hedging rules, stock ownership guidelines effective January 1, 2026, and a clawback policy aligned with SEC and Nasdaq rules. It outlines 2025 executive pay, with CEO Richard J. O’Neil, Jr. receiving total compensation of $855,646, heavily tied to an annual incentive plan funded at 145% of target based on bank performance metrics.
The filing also summarizes equity awards under the 2023 Equity Incentive Plan, employment and change-in-control agreements, retirement and deferred compensation arrangements, director fees and retirement benefits, and major shareholdings, including AllianceBernstein L.P. at 9.09%, the ESOP at 8.27%, and directors and officers as a group at 10.4% ownership.
The Vanguard Group amended its Schedule 13G for ECB Bancorp Inc. and reports 0 shares beneficially owned, representing 0% of the common stock. The amendment explains an internal realignment effected January 12, 2026, after which certain Vanguard subsidiaries report ownership separately under SEC Release No. 34-39538.
ECB Bancorp, Inc., the holding company for Everett Co-operative Bank, provides a detailed overview of its community banking operations in Massachusetts for the year ended December 31, 2025. The company focuses on deposit-funded lending in the greater Boston area, with total loans of $1.38 billion, led by one-to-four family residential ($473.4 million), multifamily ($425.4 million) and commercial real estate ($336.4 million).
Credit quality metrics are strong: non-performing assets total $1.1 million, or 0.08% of total loans and 0.07% of total assets, while the allowance for credit losses is $10.3 million, or 0.74% of loans, after modest net charge-offs of $86,000. The loan book is predominantly adjustable-rate beyond 2026, and commercial and multifamily exposures are diversified by property type and largely within the primary market area.
On the funding side, total deposits are $1.13 billion, with certificates of deposit representing 64.3% and all balances fully insured through FDIC and Depositors Insurance Fund coverage. The bank supplements deposits with $284.8 million of Federal Home Loan Bank advances and maintains additional unused borrowing capacity. The report also highlights ongoing branch expansion, technology investment, and a community-oriented charitable foundation funded with cash and shares from the 2022 mutual-to-stock conversion.
ECB Bancorp director Joseph Sachetta exercised stock options to acquire 5,832 shares of Common Stock at $11.80 per share on December 18, 2024. Following the transaction, he holds 17,496 common shares directly, 35,000 shares through an IRA, and 15,000 shares through his spouse’s Roth IRA. The options and related restricted stock vest at 20% per year beginning September 8, 2024.
ECB Bancorp, Inc. director Maura Ellen Sullivan reported an insider purchase of common stock. On February 9, 2026, a spouse-related account bought 2,200 shares of ECBK at $18.50 per share, reported as indirectly owned. Following this transaction, Sullivan beneficially owns 5,700 indirectly held shares through her spouse and 1,150 directly held shares, which include restricted stock scheduled to vest 100% on December 17, 2026.
ECB Bancorp, Inc., the holding company for Everett Co-operative Bank, reported that it has released its financial results for the three months and year ended December 31, 2025, through a separate press release attached as an exhibit. The press release contains the detailed figures and discussion of performance.
The company also announced that its annual meeting of stockholders is scheduled for May 20, 2026. This meeting date sets the timeline for shareholder votes on routine corporate matters and any proposals the board presents.