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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% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 25.04 | 25.84 | 26.21 | 33.24 |
| Pretax Income | 3.50 | 5.99 | 5.37 | 10.38 |
| Tax Provision | 0.78 | 1.53 | 1.38 | 2.61 |
| Net Income | 2.72 | 4.46 | 3.99 | 7.77 |
| Net Income Common Stockholders | 2.72 | 4.46 | 3.99 | 7.77 |
| Interest Expense | 5.51 | 29.99 | 42.06 | 46.26 |
| Interest Income | 29.16 | 54.78 | 67.05 | 78.18 |
| Selling General And Administration | 11.33 | 13.85 | 15.20 | 15.51 |
| Normalized Income | 2.72 | 4.46 | 3.99 | 7.77 |
| Basic EPS | 0.32 | 0.53 | 0.48 | 0 |
| Diluted EPS | 0.32 | 0.52 | 0.48 | 0 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0.22 | 0.26 | 0.26 | 0.25 |
| Total Unusual Items | -3.26 | 0 | 0 | 0 |
| Total Unusual Items Excluding Goodwill | -3.26 | 0 | 0 | 0 |
| Net Income From Continuing Operation Net Minority Interest | 2.72 | 4.46 | 3.99 | 7.77 |
| Reconciled Depreciation | 0.30 | 0.28 | 0.30 | 0.30 |
| Net Interest Income | 23.64 | 24.79 | 24.99 | 31.92 |
| Net Income From Continuing And Discontinued Operation | 2.72 | 4.46 | 3.99 | 7.77 |
| Diluted Average Shares | 8.46 | 8.52 | 8.35 | 0 |
| Basic Average Shares | 8.46 | 8.47 | 8.26 | 0 |
| Diluted NI Availto Com Stockholders | 2.72 | 4.46 | 3.99 | 7.77 |
| Net Income Including Noncontrolling Interests | 2.72 | 4.46 | 3.99 | 7.77 |
| Net Income Continuous Operations | 2.72 | 4.46 | 3.99 | 7.77 |
| Special Income Charges | -3.26 | 0 | 0 | 0 |
| Other Special Charges | 3.26 | 0 | 0 | 0 |
| Selling And Marketing Expense | 0.75 | 0.79 | 0.55 | 0.64 |
| General And Administrative Expense | 10.58 | 13.05 | 14.65 | 14.87 |
| Other Gand A | 0 | 0 | 0 | 0 |
| Insurance And Claims | 0.23 | 0.79 | 0.75 | 0.88 |
| Salaries And Wages | 10.36 | 12.26 | 13.90 | 13.98 |
| Operating Revenue | 25.04 | 25.84 | 26.21 | 33.24 |
| Occupancy And Equipment | 0.75 | 0.94 | 1.03 | 1.10 |
| Professional Expense And Contract Services Expense | 0.85 | 1.35 | 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 | $159M | 15.62↑ premium | 0.90 | 4.5% | - |
| BV Financial, Inc. | BVFL | $172M | 14.55 | 853.91 | 7.3% | - |
| Landmark Bancorp, Inc. | LARK | $167M | 8.93 | 1.04 | 11.7% | - |
| Finance of America Companies Inc. | FOA | $166M | 4.91 | 0.47 | 11.4% | - |
| SelectQuote, Inc. | SLQT | $163M |
| - |
| 0.45 |
| 8.3% |
| 14.41 |
| Westwood Holdings Group, Inc. | WHG | $159M | 21.19 | 1.12 | 5.6% | 11.63 |
| Patriot National Bancorp, Inc. | PNBK | $153M | - | 1.49 | -13.4% | - |
| Richmond Mutual Bancorporation, Inc. | RMBI | $152M | 12.48 | 1.04 | 7.9% | - |
| SR Bancorp, Inc. | SRBK | $144M | 33.09 | 0.77 | 2.7% | - |
| Peer Median | - | 13.51 | 1.04 | 7.6% | 13.02 | |