ECBK ECB Bancorp, Inc. /MD/
FY2024 10-K
ECB Bancorp, Inc. /MD/ (ECBK) filed its fiscal year 2024 10-K annual report with the SEC on Mar 26, 2025. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.
AI Filing AnalysisFY2024 10-K
Business Overview
- • Core business model: Banking services including dividend payments constrained by Federal Reserve regulatory policies
- • Emphasis on compliance with Federal Reserve Board capital and dividend distribution guidance for fiscal year 2025
Management Discussion & Analysis
- • Revenue interest and dividend income $67.0M, up 22.4% YoY from $54.8M, driven by $9.5M loan interest increase and higher yields (5.24% vs 4.86%)
- • Net income $4.0M, down 10.4% YoY from $4.5M; net interest margin 1.86% vs 2.11% due to higher interest expense increasing 40.3% to $42.1M
Financial SummaryXBRL
Revenue
$67M
Net Income
$4M
Net Margin
6.0%
ROE
2.4%
Total Assets
$1.4B
EPS (Diluted)
$0.48
Operating Cash Flow
$6M
Source: XBRL data from ECB Bancorp, Inc. /MD/ FY2024 10-K filing on SEC EDGAR. All figures in USD.
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