N
NB Bancorp, Inc.
Period
FY 2025
Revenue
—
Net Income
$50.30M
Total Assets
$7.01B
Equity
$858.93M
Shares Out
44.71M
Op. Cash Flow
$60.79M
Business
NB Bancorp, Inc. is a bank holding company that owns Needham Bank, a Massachusetts-chartered cooperative bank serving the Greater Boston area and southern New Hampshire. The Bank generates deposits from the public and invests in commercial real estate, multifamily, residential, construction, commercial & industrial, mortgage warehouse, and consumer loans. It operates lending divisions including Small Business, Middle Market, and Structured Finance, with specialization in cannabis and solar customers.
Summary from 10-K filed 2026-03-03
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Interest and fees on loans | 315 | 271 | 212 | 114 | |
| Interest on investment securities | 10 | 7 | 5 | 5 | |
| Interest and dividends on cash equivalents and other | 11 | 15 | 5 | 2 | |
| Total interest and dividend income | 336 | 293 | 222 | 121 | |
| Interest on deposits | 133 | 127 | 76 | 13 | |
| Interest on borrowings | 5 | 4 | 14 | 3 | |
| Total interest expense | 138 | 131 | 90 | 16 | |
| NET INTEREST INCOME | 197 | 161 | 132 | 105 | |
| Provision for credit losses - loans | 5 | 15 | 10 | 7 | |
| (Release of) provision for credit losses - unfunded commitments | −24,000 | −3 | 4 | — | |
| Total provision for credit losses | 5 | 12 | 14 | 7 | |
| NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES | 193 | 149 | 118 | 99 | |
| Customer service fees | 11 | 8 | 8 | 5 | |
| Increase in cash surrender value of BOLI | 3 | 2 | 2 | 1 | |
| Mortgage banking income | 53,000 | 1 | 581,000 | 595,000 | |
| Swap contract income | 1 | 2 | 2 | 1 | |
| Loss on sale of available-for-sale securities, net | — | −2 | — | — | |
| Employee retention credit income | — | — | 3 | — | |
| Other income | 852,000 | 2 | 64,000 | 22,000 | |
| Total noninterest income | 16 | 13 | 15 | 9 | |
| Salaries and employee benefits | 77 | 67 | 68 | 47 | |
| Director and professional service fees | 11 | 9 | 6 | 5 | |
| Occupancy and equipment expenses | 7 | 6 | 5 | 4 | |
| Data processing expenses | 12 | 9 | 8 | 6 | |
| Marketing and charitable contribution expenses | 4 | 3 | 23 | 3 | |
| FDIC and state insurance assessments | 3 | 3 | 5 | 2 | |
| Merger and acquisition expenses | 17 | — | — | — | |
| General and administrative expenses | 7 | 6 | 6 | 4 | |
| Total noninterest expense | 138 | 103 | 121 | 71 | |
| INCOME BEFORE TAXES | 71 | 59 | 12 | 36 | |
| INCOME TAX EXPENSE | 21 | 16 | 2 | 6 | |
| NET INCOME | 50 | 42 | 10 | 30 | |
| Weighted average common shares outstanding, basic | 37 | 39 | 42 | — | |
| Weighted average common shares outstanding, diluted | 38 | 39 | 42 | — | |
| Earnings per share, basic | 1.34 | 1.07 | 0.23 | — | |
| Earnings per share, diluted | 1.34 | 1.07 | 0.23 | — |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and due from banks | 326 | 211 | 90 | 131 | — | |
| Federal funds sold | 82 | 153 | 182 | 25 | — | |
| Total cash and cash equivalents | 408 | 364 | 273 | 157 | — | |
| Available-for-sale securities, at fair value | 269 | 228 | 190 | — | — | |
| Loans held for sale, at fair value | 66 | 0 | — | — | — | |
| Loans receivable, net of deferred fees | 5,986 | 4,333 | 3,889 | — | — | |
| Allowance for credit losses | −87 | −39 | −32 | −25 | — | |
| Net loans | 5,899 | 4,294 | 3,857 | — | — | |
| Accrued interest receivable | 25 | 20 | 17 | 11 | — | |
| Banking premises and equipment, net | 46 | 35 | 36 | 35 | — | |
| Non-public investments | 34 | 24 | 39 | 11 | — | |
| "Bank-owned life insurance (""BOLI"")" | 104 | 103 | 51 | 49 | — | |
| Prepaid expenses and other assets | 68 | 59 | 53 | 57 | — | |
| Goodwill | 19 | 0 | 0 | 0 | — | |
| Core deposit intangible | 19 | 1 | — | — | — | |
| Deferred income tax asset, net | 49 | 30 | 19 | 11 | — | |
| Total assets | 7,006 | 5,158 | 4,533 | 3,592 | — | |
| Core deposits | 5,318 | 3,868 | 3,204 | — | — | |
| Brokered deposits | 536 | 310 | 184 | — | — | |
| Total deposits | 5,854 | 4,178 | 3,387 | 2,887 | — | |
| Mortgagors' escrow accounts | 5 | 5 | 4 | 4 | — | |
| "Federal Home Loan Bank (""FHLB"") borrowings" | 196 | 121 | 283 | 293 | — | |
| Accrued expenses and other liabilities | 71 | 66 | 81 | 52 | — | |
| Accrued retirement liabilities | 22 | 24 | 19 | 12 | — | |
| Total liabilities | 6,147 | 4,393 | 3,775 | 3,248 | — | |
| Preferred stock, $0.01 par value, 5,000,000 shares authorized; no shares issued and outstanding | — | — | — | — | — | |
| Common stock, $0.01 par value, 120,000,000 shares authorized; 45,770,128 issued and outstanding at December 31, 2025 and 42,705,729 shares issued and outstanding at December 31, 2024 | 458,000 | 427,000 | 427,000 | — | — | |
| Additional paid-in capital | 459 | 417 | 417 | — | — | |
| "Unallocated common shares held by the Employee Stock Ownership Plan (""ESOP"")" | −42 | −45 | −14 | — | — | |
| Retained earnings | 445 | 400 | 366 | 358 | — | |
| Accumulated other comprehensive loss | −3 | −8 | −12 | −14 | — | |
| Total shareholders' equity | 859 | 765 | 758 | 344 | 326 | |
| Total liabilities and shareholders' equity | 7,006 | 5,158 | 4,533 | 3,592 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Net income | 50 | 42 | 10 | 30 | |
| Net accretion of available-for-sale securities | −291,000 | −336,000 | −240,000 | 71,000 | |
| Amortization of core deposit intangible | 576,000 | 149,000 | 149,000 | 111,000 | |
| Provision for credit losses | 5 | 12 | 14 | 7 | |
| Loan hedge fair value adjustments, including amortization | 140,000 | 130,000 | 161,000 | — | |
| Change in net deferred loan origination fees | 1 | 1 | 4 | 3 | |
| Mortgage loans originated for sale | −7 | −14 | −2 | −2 | |
| Proceeds from sale of mortgage loans held for sale | 9 | 24 | 2 | 2 | |
| Write down on consumer loans transferred to held for sale | 517,000 | — | — | — | |
| Gain on sale of mortgage loans | −165,000 | −293,000 | −5,000 | −47,000 | |
| Depreciation and amortization expense | 3 | 3 | 3 | 2 | |
| Gain from BOLI death benefit | −25,000 | — | — | — | |
| Increase in cash surrender values of BOLI | −3 | −2 | −2 | −1 | |
| Deferred income tax expense (benefit) | 3 | −10 | −8 | −1 | |
| ESOP expense | 4 | 3 | — | — | |
| Stock-based compensation | 3 | — | — | — | |
| Accrued interest receivable | −1 | −2 | −6 | −3 | |
| Prepaid expenses and other assets | 5 | −7 | 8 | −27 | |
| Accrued expenses and other liabilities | −9 | −13 | 22 | 27 | |
| Accrued retirement liabilities | −3 | 5 | 7 | 4 | |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 61 | 43 | 53 | 40 | |
| Loan originations and purchases, net of repayments | −506 | −464 | −883 | −914 | |
| Purchases of available-for-sale securities | −102 | −143 | −44 | −174 | |
| Proceeds from sales of available-for-sale securities | 24 | 27 | 0 | 0 | |
| Proceeds from maturities, calls and paydowns of available-for-sale securities | 67 | 80 | 104 | 171 | |
| Recoveries of loans previously charged off | 2 | 623,000 | 924,000 | 235,000 | |
| Net change in non-public investments | −3 | 4 | −7 | −18 | |
| Acquisition, net of cash and cash equivalents acquired | −48 | — | — | — | |
| Proceeds from BOLI death benefit | 128,000 | — | — | — | |
| Proceeds from surrender (purchases) of BOLI policies | 49 | −50 | — | — | |
| Purchases of banking premises and equipment | −3 | −2 | −3 | −8 | |
| NET CASH USED IN INVESTING ACTIVITIES | −519 | −546 | −832 | −668 | |
| Net change in deposits | 540 | 790 | 501 | 25 | |
| Net change in mortgagors' escrow accounts | 4,000 | 320,000 | 165,000 | 414,000 | |
| Net proceeds (costs) from stock offering and issuance of common shares | — | −225,000 | 417 | — | |
| Purchase of common shares held by ESOP | — | −33 | −14 | — | |
| Repurchase of common shares under share repurchase plans | −77 | — | — | — | |
| Dividends declared and paid | −6 | — | — | — | |
| (Decrease) increase in FHLB borrowings, net | 45 | −163 | −10 | 293 | |
| NET CASH PROVIDED BY FINANCING ACTIVITIES | 502 | 595 | 895 | 318 | |
| NET CHANGE IN CASH AND CASH EQUIVALENTS | 44 | 91 | 116 | −311 | |
| Interest | 143 | 128 | 89 | 7 | |
| Initial recognition of operating lease right of use assets and lease liabilities | 3 | — | — | 2 | |
| Increase in operating lease right of use assets and lease liabilities resulting from lease modifications | 3 | — | — | — | |
| Unrealized gains on available-for-sale securities | 6 | 5 | 4 | −19 | |
| Unrealized holding losses (gains) on cash flow hedge | 1 | — | −321,000 | — | |
| Mortgage loans transferred to loans held for sale | 2 | 10 | — | — | |
| Consumer loans transferred to loans held for sale | 67 | — | — | — | |
| Unrealized pension losses (gains) from director pension plan | 948,000 | −262,000 | 106,000 | — | |
| Restricted stock awards granted | 13,000 | — | — | — | |
| Fair value of assets acquired in Provident Acquisition, net of cash | 1,320 | — | — | — | |
| Fair value of liabilities assumed in Provident Acquisition | 1,176 | — | — | — | |
| Goodwill from Provident Acquisition | 19 | — | — | — | |
| Common stock issued for Provident Acquisition | 115 | — | — | — |
Filings
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Frequently asked questions
What is NB Bancorp, Inc.'s CIK number?
NB Bancorp, Inc.'s SEC CIK number is 0001979330 (1979330). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find NB Bancorp, Inc.'s SEC filings?
All of NB Bancorp, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did NB Bancorp, Inc. last report earnings?
NB Bancorp, Inc. (NBBK) most recently filed an earnings 8-K with the SEC on Apr 22, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-26-046868). This is NB Bancorp, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is NB Bancorp, Inc.'s most recent earnings 8-K?
NB Bancorp, Inc.'s latest earnings 8-K (Item 2.02) was filed Apr 22, 2026 under accession 0001104659-26-046868. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View NB Bancorp, Inc.'s latest earnings 8-K →
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