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For Immediate Release Date : October 22 , 2026 Contact : Richard J. O'Neil , Jr. President and Chief Executive Officer Phone : Email : 617-387-1110 rjoneil@everettbank.com Exhibit 99.1 ECB Bancorp , Inc. Reports Third Quarter Results EVERETT , MA , October 22 , 2026 - ECB Bancorp , Inc. ( NASDAQ : ECBK ) ( the “ Company ” ) , the holding company for Everett Co- operative Bank ( the “ Bank ” ) , a state - chartered co - operative bank headquartered in Everett , Massachusetts , today reported net income of $ 3.4 million , or $ 0.40 per diluted share for the quarter ended September 30 , 2026 , as compared to $ 3.3 million , or $ 0.39 per diluted share for the prior quarter . FINANCIAL HIGHLIGHTS ( dollars in thousands , except share data ) Net interest and dividend income Net income Diluted earnings per share Return on average assets SASSA $ $ Q3 2026 10,790 $ 3,391 $ Q2 2026 10,035 Q3 2025 $ 8,456 3,261 $ 2,439 $ 0.40 $ 0.39 $ 0.29 0.80 % 0.79 % 0.63 % Return on average equity 7.36 % 7.32 % 5.72 % Net interest margin 2.56 % 2.45 % 2.19 % Efficiency ratio ( 1 ) 56.56 % 56.21 % 60.91 % Book value per common share Total non - performing assets to total assets 21.16 $ 0.08 % 20.56 $ 19.18 0.09 % 0.07 % Total assets 1,693,081 $ 1,671,515 $ 1,552,653 Total loans $ 1,459,613 $ 1,404,152 $ 1,316,366 Total deposits $ 1,210,971 $ 1,192,702 $ 1,108,605 ( 1 ) Noninterest expense divided by net interest and dividend income + noninterest income ( non - GAAP ) . CEO COMMENTARY Richard J. O'Neil , Jr. , President and Chief Executive Officer , said , " We are pleased with our third quarter results , which reflect solid momentum with growth of the balance sheet and continued improvement in our earnings . Net income increased to $ 3.4 million , or $ 0.40 per diluted share , compared to $ 3.3 million in the prior quarter and $ 2.4 million in the third quarter of last year . Our net interest margin expanded 11 basis points to 2.56 % , driven by loan growth and higher yields on interest - earning assets . Our efficiency ratio of 56.6 % reflects our continued focus on disciplined expense management , even as we invest in the growth of our franchise . Loan growth was strong , with total loans increasing $ 55.5 million , or 3.9 % , during the quarter . At the same time , deposits excluding brokered deposits grew $ 63.2 million . Credit quality remains strong , with non - performing assets of just 0.08 % of total assets , and book value per share increased to $ 21.16 . We are excited to open our new Medford branch , our fourth full - service location , which expands our presence in our core market and positions us for continued growth in the communities we serve . We remain focused on disciplined growth , prudent risk management and building long - term value for our shareholders . " BALANCE SHEET Total assets were $ 1.69 billion at September 30 , 2026 , as compared to $ 1.67 billion at June 30 , 2026 , or an increase of $ 21.6 million , or 1.3 % . Cash and cash equivalents were $ 96.1 million at September 30 , 2026 , as compared to $ 124.0 million at June 30 , 2026 , or a decrease of $ 27.9 million , or 22.5 % . The decrease in cash and cash equivalents was primarily due to loan growth that exceeded deposit growth for the quarter . Interest - earning time deposits were $ 2.2 million at September 30 , 2026 , as compared to $ 14.2 million at June 30 , 2026 , or a decrease of $ 12.0 million , or 84.2 % . This decrease was due to maturities of interest - earning time deposits . Investments in securities available for sale were $ 48.7 million at September 30 , 2026 , as compared to $ 40.1 million at June 30 , 2026 , or an increase of $ 8.6 million , or 21.5 % . This increase was driven by purchases of new securities , partially offset by increased unrealized losses in the portfolio due to market rate increases .