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ECB Bancorp, Inc. operating as a holding company for Everett Co-operative Bank that provides various banking products and services. The company accepts various deposit products, including certificate of deposit accounts, individual retirement accounts, money market accounts, savings accounts, demand deposit accounts, and interest-bearing and noninterest-bearing checking accounts. It offers one- to four-family residential real estate, commercial real estate and multifamily real estate, construction and land, commercial, and consumer loans, as well as home equity loans and lines of credit. In addition, the company invests in securities, consisting primarily of U.S. government and federal agency obligations, mortgage-backed securities, and corporate bonds. ECB Bancorp, Inc. was founded in 1890 and is headquartered in Everett, Massachusetts.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $33M | - | $8M | $9M | 4.5% | 26.8% | 94.7% |
| 2024 | $26M | - | $4M | $6M | 2.4% | 1.4% | -10.4% |
| 2023 | $26M | - | $4M | $6M | 2.7% | 3.2% | 63.8% |
| 2022 | $25M | - | $3M | $8M | 1.7% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 25.04 | 25.84 | 26.21 | 33.24 |
| Operating Revenue | - | 25.04 | 25.84 | 26.21 | 33.24 |
| Selling General And Administration | - | 11.33 | 13.85 | 15.20 | 15.51 |
| Interest Income | - | 29.16 | 54.78 | 67.04 | 78.18 |
| Interest Expense | - | 5.52 | 29.99 | 42.06 | 46.26 |
| Net Interest Income | - | 23.64 | 24.79 | 24.99 | 31.92 |
| Pretax Income | - | 3.50 | 5.98 | 5.37 | 10.38 |
| Tax Provision | - | 0.78 | 1.53 | 1.38 | 2.61 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 2.72 | 4.46 | 3.99 | 7.77 |
| Net Income From Continuing And Discontinued Operation | - | 2.72 | 4.46 | 3.99 | 7.77 |
| Net Income From Continuing Operation Net Minority Interest | - | 2.72 | 4.46 | 3.99 | 7.77 |
| Net Income | - | 2.72 | 4.46 | 3.99 | 7.77 |
| Net Income Common Stockholders | - | 2.72 | 4.46 | 3.99 | 7.77 |
| Net Income Including Noncontrolling Interests | - | 2.72 | 4.46 | 3.99 | 7.77 |
| Normalized Income | - | 2.72 | 4.46 | 3.99 | 7.77 |
| Diluted NI Availto Com Stockholders | - | 2.72 | 4.46 | 3.99 | 7.77 |
| Basic Average Shares | - | 8.46 | 8.47 | 8.26 | 8.10 |
| Diluted Average Shares | - | 8.46 | 8.52 | 8.35 | 8.31 |
| Reconciled Depreciation | - | 0.30 | 0.28 | 0.30 | 0.30 |
| Total Unusual Items | -0.05 | -3.26 | - | - | - |
| Total Unusual Items Excluding Goodwill | -0.05 | -3.26 | - | - | - |
| Special Income Charges | -0.05 | -3.26 | - | - | - |
| Other Special Charges | 0.05 | 3.26 | - | - | - |
| General And Administrative Expense | - | 10.58 | 13.05 | 14.65 | 14.87 |
| Other Gand A | 0.68 | - | - | - | - |
| Salaries And Wages | - | 10.36 | 12.26 | 13.90 | 13.98 |
| Insurance And Claims | - | 0.22 | 0.79 | 0.75 | 0.88 |
| Selling And Marketing Expense | - | 0.75 | 0.79 | 0.55 | 0.64 |
| Occupancy And Equipment | - | 0.75 | 0.94 | 1.03 | 1.10 |
| Professional Expense And Contract Services Expense | - | 0.85 | 1.36 | 1.26 | 1.37 |
| Other Non Interest Expense | - | 5.67 | 2.91 | 3.18 | 3.35 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| ECB Bancorp, Inc.this co. | ECBK | $158M | 20.35↑ premium | 0.92 | 4.5% | - |
| SelectQuote, Inc. | SLQT | $176M | 3.69 | 0.50 | 13.5% | 3.77 |
| Landmark Bancorp, Inc. | LARK | $175M | 9.30 | 1.09 | 11.7% | - |
| BV Financial, Inc. | BVFL | $174M | 12.90 | 0.95 | 7.3% | - |
| CB Financial Services, Inc. | CBFV | $174M | 35.48 |
| - |
| - |
| - |
| - |
| 1.10 |
| 3.1% |
| - |
| MainStreet Bancshares, Inc. | MNSB | $166M | 12.33 | 0.76 | 6.2% | - |
| Westwood Holdings Group, Inc. | WHG | $161M | 22.75 | 1.28 | 5.6% | 15.34 |
| Richmond Mutual Bancorporation, Inc. | RMBI | $142M | 12.27 | 0.97 | 7.9% | - |
| Finward Bancorp | FNWD | $142M | 17.50 | 0.81 | 4.6% | - |
| Peer Median | - | 12.61 | 0.96 | 6.7% | 9.55 | |