Filing Analysis
ECB Bancorp, Inc. filed an 8-K to announce the release of its financial results for the quarter ended June 30, 2026. The filing serves as a formal notification that earnings data is being made public via a press release.
📋 Key Facts
- Report date: July 23, 2026
- Reporting period: Quarter ended June 30, 2026
- The filing includes an exhibit (99.1) containing the earnings press release
- Company is an emerging growth company
ECB Bancorp, Inc. reported the voting results from its annual meeting of stockholders held on May 20, 2026. Stockholders elected two directors to three-year terms and ratified the appointment of Wolf & Company, P.C. as the independent registered public accounting firm for the fiscal year ending December 31, 2026.
🚩 Red Flags
- There was a notable percentage of withheld votes for both director nominees, with approximately 20.8% withheld for Joseph Sachetta and 22.8% withheld for Susan Sgroi of the votes cast (excluding broker non-votes).
📋 Key Facts
- The annual meeting of stockholders was held on May 20, 2026.
- Joseph Sachetta was elected as a director with 4,030,944 votes FOR and 1,060,589 votes WITHHELD.
- Susan Sgroi was elected as a director with 3,931,127 votes FOR and 1,160,406 votes WITHHELD.
- The appointment of Wolf & Company, P.C. as the independent registered public accounting firm for fiscal year 2026 was ratified with 6,952,190 votes FOR, 2,050 votes AGAINST, and 16,656 ABSTAIN.
ECB Bancorp, Inc., the holding company for Everett Co-operative Bank, announced its financial results for the first quarter ended March 31, 2026.
📋 Key Facts
- The filing reports financial results for the three months ended March 31, 2026.
- The announcement was made via a press release dated April 23, 2026.
- The report was filed under Item 2.02 (Results of Operations and Financial Condition).
- ECB Bancorp is an emerging growth company.
ECB Bancorp, Inc. filed an 8-K to announce its financial results for the three months and fiscal year ended December 31, 2025. The company also announced the date for its upcoming annual meeting of stockholders.
📋 Key Facts
- Financial results for Q4 and full year 2025 were released on February 5, 2026.
- The annual meeting of stockholders is scheduled to be held on May 20, 2026.
- The company is an emerging growth company.
ECB Bancorp, Inc. announced that its subsidiary, Everett Co-operative Bank, is applying to open a new branch office in Medford, Massachusetts. The new location is anticipated to begin operations in Q3 2026.
📋 Key Facts
- Subsidiary (Everett Co-operative Bank) filed an application for a new branch office.
- New branch location: 501 High Street, Medford, Massachusetts.
- Expected opening date: Third quarter of 2026.
ECB Bancorp, Inc. has amended a Change in Control Agreement for its Executive Vice President and Chief Lending Officer, John Migliozzi. The amendment increases his severance multiplier from 2.0x to 2.5x.
🚩 Red Flags
- Increased executive compensation/severance benefits in a single filing (potential governance concern if not aligned with shareholder interests).
📋 Key Facts
- Amendment approved by the Board of Directors on December 17, 2025.
- The change affects the Change in Control Agreement dated December 21, 2022.
- Severance multiplier for John Migliozzi increased from 2.0x to 2.5x.
- All other material terms of the existing agreement remain unchanged.
ECB Bancorp, Inc. filed an 8-K to announce its financial results for the three and nine months ended September 30, 2025. The filing serves as a formal announcement of quarterly earnings via a press release.
📋 Key Facts
- Report date: October 22, 2025
- Reporting period: Three and nine months ended September 30, 2025
- The filing includes an earnings press release as Exhibit 99.1
- Company is the holding company for Everett Co-operative Bank
ECB Bancorp, Inc. issued an 8-K to announce its financial results for the three and six months ended June 30, 2025. The filing serves as a formal notification that a press release containing these results was issued on July 24, 2025.
📋 Key Facts
- Report date: July 24, 2025
- Reporting period: Three and six months ended June 30, 2025
- The filing is an announcement of earnings results via press release (Exhibit 99.1)
- Company is an emerging growth company
ECB Bancorp, Inc. held its annual meeting of stockholders on May 21, 2025. The filing reports the election of two directors and the ratification of the company's independent auditor.
📋 Key Facts
- Annual meeting held on May 21, 2025.
- Dennis J. Leonard was elected to the Board of Directors (4,145,896 votes FOR; 1,152,527 withheld).
- Maura Sullivan was elected to the Board of Directors (5,243,870 votes FOR; 54,553 withheld).
- Wolf & Company, P.C. was ratified as the independent registered public accounting firm for the fiscal year ending December 31, 2025.
- Ratification of auditor received 7,084,004 votes FOR and 11,433 AGAINST.
ECB Bancorp, Inc. announced an expansion of its share repurchase program on May 8, 2025. The new plan authorizes the company to buy back up to 451,092 shares, representing roughly 5% of total outstanding common stock.
📋 Key Facts
- Announcement date: May 8, 2025
- Authorized repurchase amount: Up to 451,092 shares
- Percentage of outstanding common stock: Approximately 5%
- The company is an emerging growth company.
ECB Bancorp, Inc. issued an 8-K to announce its financial results for the first quarter ended March 31, 2025. The filing serves as a formal announcement of the company's quarterly earnings via a press release.
📋 Key Facts
- Report date: April 24, 2025
- Reporting period: Three months ended March 31, 2025
- The filing includes results for ECB Bancorp, Inc., the holding company for Everett Co-operative Bank.
- Financial results were announced via press release (Exhibit 99.1).
ECB Bancorp, Inc. announced the successful completion of its share repurchase program. The company repurchased approximately 5% of its outstanding common stock at an average price of $12.92 per share.
📋 Key Facts
- Repurchase completed on April 11, 2025.
- Total shares repurchased: 458,762 shares.
- Percentage of outstanding common stock repurchased: approximately 5.0%.
- Average repurchase price: $12.92 per share.
ECB Bancorp, Inc. announced the adoption of a Non-qualified Deferred Compensation Plan for its CFO, Brandon Lavertu, effective February 19, 2025.
🚩 Red Flags
- Unfunded, unsecured promise of the Bank to make future payments, representing a liability against general assets.
📋 Key Facts
- The plan was adopted by the Board of Directors of Everett Co-operative Bank (a subsidiary of ECB Bancorp).
- Annual contributions may be made on January 1st based on prior year performance, potentially equal to 10% of base salary and cash bonus.
- Contributions earn interest benchmarked to the 10-year Treasury bill as of December 1st of the prior year.
- Vesting is time-based: 20% after 4 years, increasing by 20% annually until 100% at 8 years.
- Accelerated vesting (100%) occurs upon death, disability, or a change in control.
- Benefits are paid over 10 years if the officer separates before age 65; lump sum payments apply in cases of death or separation within six months of a change in control.
ECB Bancorp, Inc. issued an 8-K to announce its financial results for the three months and fiscal year ended December 31, 2024. The filing also provides notice regarding the upcoming annual meeting of stockholders.
📋 Key Facts
- Financial results announced for the three months and full year ended December 31, 2024.
- Annual meeting of stockholders is scheduled to be held on May 21, 2025.
- The company operates as a holding company for Everett Co-operative Bank.
ECB Bancorp, Inc. issued a press release announcing its financial results for the three and nine months ended September 30, 2024.
📋 Key Facts
- Report date: October 24, 2024
- Reporting period: Three and nine months ended September 30, 2024
- The filing serves to announce the release of quarterly/year-to-date financial results via press release.
ECB Bancorp, Inc. issued an 8-K to announce its financial results for the three and six months ended June 30, 2024.
📋 Key Facts
- Report date: July 25, 2024
- Reporting period: Three and six months ended June 30, 2024
- The filing is a standard announcement of quarterly financial results via press release.
ECB Bancorp, Inc. has appointed Brandon N. Lavertu as the new Chief Financial Officer (CFO), effective July 17, 2024. Mr. Lavertu previously served as the company's Senior Vice President and Chief Accounting Officer.
🚩 Red Flags
- None identified; the transition appears to be an internal promotion from Chief Accounting Officer to CFO.
📋 Key Facts
- Brandon N. Lavertu appointed CFO of ECB Bancorp, Inc. and Everett Co-operative Bank effective July 17, 2024.
- Mr. Lavertu will also serve as the principal financial officer and principal accounting officer.
- He has served as Senior Vice President and Chief Accounting Officer since March 2022 (Company) and December 2021 (Bank).
- A change in control agreement exists for Mr. Lavertu, dated December 21, 2022, providing severance if terminated without cause or for 'good reason' within 24 months of a change in control.
- The change in control agreement terms were not amended by this appointment.
ECB Bancorp, Inc. held its annual meeting of stockholders on June 5, 2024. The filing reports the election of three directors and the ratification of the company's independent auditor.
📋 Key Facts
- Annual meeting of stockholders held on June 5, 2024.
- Paul A. Delory elected to the Board of Directors (4,916,849 votes FOR).
- Elizabeth P. Jones elected to the Board of Directors (4,065,045 votes FOR).
- Richard J. O'Neil, Jr. elected to the Board of Directors (5,019,424 votes FOR).
- Wolf & Company, P.C. ratified as independent registered public accounting firm for fiscal year ending Dec 31, 2024.
- Ratification of auditor received 6,932,579 votes FOR.
ECB Bancorp, Inc. issued an 8-K to announce its financial results for the first quarter ended March 31, 2024. The filing serves as a formal notice of the release of quarterly earnings data.
📋 Key Facts
- Report date: April 25, 2024
- Reporting period: Three months ended March 31, 2024
- The company is the holding company for Everett Co-operative Bank
- Financial results were released via press release (Exhibit 99.1)
ECB Bancorp, Inc. has engaged Wolf & Company, P.C. as its new independent registered public accounting firm for the fiscal year ending December 31, 2024, following the departure of Baker Newman & Noyes LLC.
🚩 Red Flags
- Auditor change in a regulated banking entity can lead to reporting delays during transition periods.
- The outgoing auditor is exiting the specific niche (banking public companies), which necessitates a full transition of audit procedures.
📋 Key Facts
- Baker Newman & Noyes LLC declined re-appointment because they are exiting their banking public company audit practice.
- Wolf & Company, P.C. has been engaged for the fiscal year ending December 31, 2024, and to review Q2 and Q3 2024 financial statements.
- Baker Newman & Noyes LLC will perform the review of the first fiscal quarter of 2024.
- Wolf & Company, P.C. previously provided lease accounting, income tax provision, and CECL model validation services to the company.
ECB Bancorp, Inc. issued an 8-K to announce its financial results for the three months and fiscal year ended December 31, 2023. The filing also serves to notify shareholders of the upcoming annual meeting scheduled for June 5, 2024.
📋 Key Facts
- Financial results announced for the period ending December 31, 2023.
- Annual meeting of stockholders is scheduled for June 5, 2024.
- The company is an emerging growth company.
ECB Bancorp, Inc. announced that its current auditor, Baker Newman & Noyes LLC (BNN), is declining to stand for re-appointment for the 2024 fiscal year audit due to a strategic decision to exit the banking public company audit practice.
🚩 Red Flags
- Auditor change: While not due to a dispute, the company must undergo an evaluation process to find a new firm capable of auditing a banking institution.
- Operational risk: The transition period between finding and onboarding a new auditor can create reporting delays if not managed efficiently.
📋 Key Facts
- Effective date of notice: January 16, 2024.
- Reason for change: BNN is exiting its banking public company audit practice.
- BNN will continue to serve as the independent auditor for the fiscal year ended December 31, 2023.
- No disputes or disagreements were reported between the Company and BNN regarding accounting principles, practices, or auditing scope.
- The previous reports from BNN (FY 2021 and FY 2022) contained no adverse opinions or disclaimers.