NB Bancorp, Inc 8-K, filed Oct 15, 2026

NB Bancorp, Inc. (NBBK)

8-K 2026-10-15 For: 2026-10-15

Added on October 27, 2026

About this 8-K

NB Bancorp, Inc filed this 8-K on October 15, 2026.

NB Bancorp reported third quarter 2026 net income of $23.1 million, or $0.58 per diluted common share. Its Board declared a quarterly cash dividend of $0.07 per share, payable November 12, 2026, to shareholders of record October 29, 2026. AI summary

Items reported

Item 2.02: Financial results
Item 7.01: Regulation FD disclosure
Item 8.01: Other events
Item 9.01: Financial statements and exhibits

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Maryland	001-41899	93-2560883
(State or Other Jurisdiction)	(Commission File No.)	(I.R.S. Employer
of Incorporation)		Identification No.)


	1063 Great Plain Avenue, Needham, Massachusetts	02492
	(Address of Principal Executive Offices)	(Zip Code)


Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, Par Value $0.01 Per Share		NBBK		The Nasdaq Stock Market, LLC


Exhibit No.		Description
99.1		Press Release dated October 15, 2026
99.2		Q3 2026 Investor Presentation
104.1		Cover Page Interactive Data File (Embedded within Inline XBRL document)


		NB BANCORP, INC.

DATE: October 15, 2026	By:	/s/Jean-Pierre Lapointe
		Senior Executive Vice President and Chief Financial Officer


NB BANCORP, INC.
SELECTED FINANCIAL HIGHLIGHTS
(Unaudited)
(Dollars in thousands, except per share data)
	As of and for the three months ended
	September 30, 2026		June 30, 2026		September 30, 2025

Earnings data
Net interest income	$	71,440	$	69,145	$	48,175
Noninterest income		5,105		5,559		3,682
Total revenue		76,545		74,704		51,857
Provision for credit losses		1,246		3,193		1,396
Noninterest expense		46,281		44,017		30,499
Pre-tax income		29,018		27,494		19,962
Net income		23,133		21,123		15,362
Operating net income (non-GAAP)		23,828		21,877		16,002
Operating noninterest expense (non-GAAP)		45,410		43,072		30,244

Per share data
Earnings per share, basic	$	0.59	$	0.53	$	0.43
Earnings per share, diluted		0.58		0.53		0.43
Operating earnings per share, basic (non-GAAP)		0.60		0.55		0.45
Operating earnings per share, diluted (non-GAAP)		0.60		0.55		0.45
Book value per share		19.57		19.22		18.51
Tangible book value per share (non-GAAP)		18.91		18.51		18.49

Profitability
Return on average assets		1.23%		1.17%		1.16%
Operating return on average assets (non-GAAP)		1.26%		1.21%		1.20%
Return on average shareholders' equity		10.73%		10.03%		8.35%
Operating return on average shareholders' equity (non-GAAP)		11.05%		10.39%		8.70%
Net interest margin		3.97%		4.00%		3.78%
Net interest margin, excluding purchase accounting adjustments		3.81%		3.87%		3.78%
Cost of deposits		2.69%		2.68%		2.92%
Efficiency ratio		60.5%		58.9%		58.8%
Operating efficiency ratio (non-GAAP)		59.3%		57.7%		58.3%

Balance sheet, end of period
Total assets	$	7,683,996	$	7,446,880	$	5,442,446
Total loans		6,821,759		6,482,821		4,715,923
Total deposits		6,521,396		6,320,090		4,565,720
Total shareholders' equity		857,403		842,002		737,034

Asset quality
ACL	$	78,305	$	82,088	$	43,052
ACL / Total NPLs		217.1%		296.8%		379.1%
Total NPLs / Total loans		0.53%		0.43%		0.24%
Annualized net charge-offs / Average total loans		(0.31)%		(0.07)%		(0.05)%

Capital ratios
Shareholders' equity / Total assets		11.16%		11.31%		13.54%
Tangible shareholders' equity / tangible assets (non-GAAP)		10.82%		10.94%		13.53%


NB BANCORP, INC.
CONSOLIDATED BALANCE SHEETS
(Unaudited)
(Dollars in thousands, except share and per share data)

	As of						September 30, 2026 change from
	September 30, 2026		June 30, 2026		September 30, 2025		June 30, 2026			September 30, 2025
Assets
Cash and due from banks	$	238,502	$	372,522	$	197,604	$	(134,020)	(36.0)%	$	40,898	20.7%
Federal funds sold		27,555		27,632		97,829		(77)	(0.3)%		(70,274)	(71.8)%
Total cash and cash equivalents		266,057		400,154		295,433		(134,097)	(33.5)%		(29,376)	(9.9)%

Available-for-sale securities, at fair value		279,518		272,640		231,023		6,878	2.5%		48,495	21.0%

Loans held for sale, at fair value		55,906		59,927		-		(4,021)	(6.7)%		55,906	0.0%

Loans receivable, net of deferred fees		6,765,853		6,422,894		4,715,923		342,959	5.3%		2,049,930	43.5%
Allowance for credit losses		(78,305)		(82,088)		(43,052)		3,783	(4.6)%		(35,253)	81.9%
Net loans		6,687,548		6,340,806		4,672,871		346,742	5.5%		2,014,677	43.1%

Accrued interest receivable		29,971		28,898		21,074		1,073	3.7%		8,897	42.2%
Banking premises and equipment, net		51,107		49,298		33,842		1,809	3.7%		17,265	51.0%
Non-public investments		49,161		42,029		44,531		7,132	17.0%		4,630	10.4%
Bank-owned life insurance ("BOLI")		98,178		97,370		56,342		808	0.8%		41,836	74.3%
Prepaid expenses and other assets		71,048		69,228		57,720		1,820	2.6%		13,328	23.1%
Goodwill		16,520		18,512		-		(1,992)	(10.8)%		16,520	0.0%
Core deposit intangible, net		16,628		17,519		967		(891)	(5.1)%		15,661	1619.5%
Deferred income tax asset, net		62,354		50,499		28,643		11,855	23.5%		33,711	117.7%
Total assets	$	7,683,996	$	7,446,880	$	5,442,446	$	237,116	3.2%	$	2,241,550	41.2%

Liabilities and shareholders' equity
Deposits
Core deposits	$	5,828,759	$	5,600,238	$	4,177,047	$	228,521	4.1%	$	1,651,712	39.5%
Brokered deposits		692,637		719,852		388,673		(27,215)	(3.8)%		303,964	78.2%
Total deposits		6,521,396		6,320,090		4,565,720		201,306	3.2%		1,955,676	42.8%
Mortgagors' escrow accounts		4,919		4,420		4,543		499	11.3%		376	8.3%
Federal Home Loan Bank ("FHLB") borrowings		150,322		181,247		41,453		(30,925)	(17.1)%		108,869	262.6%
Accrued expenses and other liabilities		127,414		77,549		73,139		49,865	64.3%		54,275	74.2%
Accrued retirement liabilities		22,542		21,572		20,557		970	4.5%		1,985	9.7%
Total liabilities		6,826,593		6,604,878		4,705,412		221,715	3.4%		2,121,181	45.1%

Shareholders' equity:
Preferred stock, $0.01 par value, 5,000,000 shares authorized; no shares
issued and outstanding		-		-		-		-	0.0%		-	0.0%
Common stock, $0.01 par value, 120,000,000 shares authorized; 43,818,490 issued and
outstanding at September 30, 2026 and June 30, 2026 and 39,826,446 issued and outstanding
at September 30, 2025		438		438		398		-	0.0%		40	10.1%
Additional paid-in capital		417,943		415,841		342,526		2,102	0.5%		75,417	22.0%
Unallocated common shares held by the Employee Stock Ownership Plan ("ESOP")		(40,690)		(41,285)		(43,049)		595	(1.4)%		2,359	(5.5)%
Retained earnings		495,082		474,970		440,281		20,112	4.2%		54,801	12.4%
Accumulated other comprehensive loss		(15,370)		(7,962)		(3,122)		(7,408)	93.0%		(12,248)	392.3%
Total shareholders' equity		857,403		842,002		737,034		15,401	1.8%		120,369	16.3%

Total liabilities and shareholders' equity	$	7,683,996	$	7,446,880	$	5,442,446	$	237,116	3.2%	$	2,241,550	41.2%


NB BANCORP, INC.
CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)
(Dollars in thousands, except share and per share data)

	For the Three Months Ended						Change From Three Months Ended
	September 30, 2026		June 30, 2026		September 30, 2025		June 30, 2026			September 30, 2025
INTEREST AND DIVIDEND INCOME
Interest and fees on loans	$	110,730	$	106,574	$	77,365	$	4,156	3.9%	$	33,365	43.1%
Interest on securities		3,144		2,758		2,253		386	14.0%		891	39.5%
Interest and dividends on cash equivalents and other		2,282		2,460		2,070		(178)	(7.2)%		212	10.2%
Total interest and dividend income		116,156		111,792		81,688		4,364	3.9%		34,468	42.2%

INTEREST EXPENSE
Interest on deposits		42,896		40,686		31,273		2,210	5.4%		11,623	37.2%
Interest on borrowings		1,820		1,961		2,240		(141)	(7.2)%		(420)	(18.8)%
Total interest expense		44,716		42,647		33,513		2,069	4.9%		11,203	33.4%

NET INTEREST INCOME		71,440		69,145		48,175		2,295	3.3%		23,265	48.3%

PROVISION FOR CREDIT LOSSES
Provision for credit losses - loans		1,391		2,994		1,041		(1,603)	(53.5)%		350	33.6%
(Release of) provision for credit losses - unfunded commitments		(145)		199		355		(344)	(172.9)%		(500)	(140.8)%
Total provision for credit losses		1,246		3,193		1,396		(1,947)	(61.0)%		(150)	(10.7)%

NET INTEREST INCOME AFTER
PROVISION FOR CREDIT LOSSES		70,194		65,952		46,779		4,242	6.4%		23,415	50.1%

NONINTEREST INCOME
Customer service fees		3,505		3,681		2,498		(176)	(4.8)%		1,007	40.3%
Increase in cash surrender value of BOLI		808		962		631		(154)	(16.0)%		177	28.1%
Mortgage banking income		165		92		148		73	79.3%		17	11.5%
Swap contract income		479		72		208		407	565.3%		271	130.3%
Gain (loss) on sale of loans, net		(185)		227		45		(412)	(181.5)%		(230)	(511.1)%
Other income		333		525		152		(192)	(36.6)%		181	119.1%
Total noninterest income		5,105		5,559		3,682		(454)	(8.2)%		1,423	38.6%

NONINTEREST EXPENSE
Salaries and employee benefits		27,499		25,549		18,641		1,950	7.6%		8,858	47.5%
Director and professional service fees		4,158		3,816		2,920		342	9.0%		1,238	42.4%
Occupancy and equipment expenses		3,047		2,468		1,559		579	23.5%		1,488	95.4%
Data processing expenses		5,351		4,899		2,911		452	9.2%		2,440	83.8%
Marketing and charitable contribution expenses		1,073		1,530		949		(457)	(29.9)%		124	13.1%
FDIC and state insurance assessments		1,434		1,584		928		(150)	(9.5)%		506	54.5%
Core deposit intangible amortization expense		892		892		37		-	0.0%		855	2310.8%
General and administrative expenses		2,827		3,279		2,554		(452)	(13.8)%		273	10.7%
Total noninterest expense		46,281		44,017		30,499		2,264	5.1%		15,782	51.7%

INCOME BEFORE TAXES		29,018		27,494		19,962		1,524	5.5%		9,056	45.4%

INCOME TAX EXPENSE		5,885		6,371		4,600		(486)	(7.6)%		1,285	27.9%

NET INCOME	$	23,133	$	21,123	$	15,362	$	2,010	9.5%	$	7,771	50.6%

Weighted average common shares outstanding, basic		39,432,499		39,693,140		35,372,205		(260,641)	(0.7)%		4,060,294	11.5%
Weighted average common shares outstanding, diluted		39,833,964		40,000,305		35,579,456		(166,341)	(0.4)%		4,254,508	12.0%
Earnings per share, basic	$	0.59	$	0.53	$	0.43	$	0.06	11.3%	$	0.16	37.2%
Earnings per share, diluted	$	0.58	$	0.53	$	0.43	$	0.05	9.4%	$	0.15	34.9%


	September 30, 2026
	Owner-Occupied			Non-Owner-Occupied			Balance			Percentage
Multi-Family	$	—		$	584,967		$	584,967			19%
Industrial		194,827			166,816			361,643			13%
Office		43,627			321,332			364,959			13%
Hospitality		811			305,332			306,143			11%
Retail		126,658			199,417			326,075			11%
Mixed-Use		24,524			237,946			262,470			9%
Cannabis Facility		186,687			8,827			195,514			7%
Special Purpose		83,062			115,289			198,351			7%
Recreational Vehicle Parks		11,057			64,962			76,019			3%
Self Storage Facilities		—			55,191			55,191			2%
Other		79,346			79,028			158,374			5%
Total commercial real estate	$	750,599		$	2,139,107		$	2,889,706			100%


	Change From June 30, 2026											Change From September 30, 2025
	Owner-Occupied			Non-Owner-Occupied			Balance			Percentage		Owner-Occupied			Non-Owner-Occupied			Balance			Percentage
Multi-Family	$	—		$	17,245		$	17,245			3%	$	—		$	154,539		$	154,539			36%
Industrial		9,819			3,704			13,523			4%		117,339			54,152			171,491			90%
Office		(1,008)			28,725			27,717			8%		18,370			137,414			155,784			74%
Hospitality		(40,455)			58,090			17,635			6%		(35,362)			93,990			58,628			24%
Retail		335			90,216			90,551			38%		88,037			113,078			201,115			161%
Mixed-Use		2,116			12,554			14,670			6%		16,509			77,495			94,004			56%
Cannabis Facility		(14,466)			(86)			(14,552)			(7)%		(68,048)			(341)			(68,389)			(26)%
Special Purpose		(1,593)			45,452			43,859			28%		2,152			58,523			60,675			44%
Recreational Vehicle Parks		(2,198)			(200)			(2,398)			(3)%		11,057			64,962			76,019			100%
Self Storage Facilities		—			(15,956)			(15,956)			(22)%		—			55,191			55,191			100%
Other		(8,198)			16,361			8,163			5%		40,741			9,805			50,546			47%
Total commercial real estate	$	(55,648)		$	256,105		$	200,457			7%	$	190,795		$	818,808		$	1,009,603			54%


NB BANCORP, INC.
NON-GAAP RECONCILIATION
(Unaudited)
(Dollars in thousands)
	For the Three Months Ended
	September 30, 2026		June 30, 2026		September 30, 2025

Net income (GAAP)	$	23,133	$	21,123	$	15,362

Add (Subtract):
Adjustments to net income:
Non-recurring fees for business line expansion		-		649		-
Contract settlement fees		871		-		-
BOLI surrender tax and modified endowment contract penalty		-		27		-
Defined benefit pension termination refund		-		-		(739)
State tax expense - voluntary disclosure agreements		-		-		561
Merger and acquisition expenses		-		296		994
Total adjustments to net income	$	871	$	972	$	816
Less net tax benefit associated with pre-tax non-GAAP adjustments to net income		176		218		176
Non-GAAP adjustments, net of tax		695		754		640
Operating net income (non-GAAP)	$	23,828	$	21,877	$	16,002
Weighted average common shares outstanding, basic		39,432,499		39,693,140		35,372,205
Weighted average common shares outstanding, diluted		39,833,964		40,000,305		35,579,456
Operating earnings per share, basic (non-GAAP)	$	0.60	$	0.55	$	0.45
Operating earnings per share, diluted (non-GAAP)	$	0.60	$	0.55	$	0.45

Pre-tax income (GAAP)	$	29,018	$	27,494	$	19,962

Add (Subtract):
Adjustments to pre-tax income:
Contract settlement fees		871		-		-
Defined benefit pension termination refund		-		-		(739)
Non-recurring fees for business line expansion		-		649		-
Merger and acquisition expenses		-		296		994
Total adjustments to pre-tax income		871		945		255
Operating pre-tax income (non-GAAP)	$	29,889	$	28,439	$	20,217

Net interest income (GAAP)	$	71,440	$	69,145	$	48,175

Subtract (Add):
Adjustments to net interest income:
Purchase accounting adjustments		2,614		1,972		-
Total impact of non-GAAP net interest income adjustments	$	2,614	$	1,972	$	-
Net interest income, excluding purchase accounting adjustments (non-GAAP)	$	68,826	$	67,173	$	48,175

Noninterest expense (GAAP)	$	46,281	$	44,017	$	30,499

Subtract (Add):
Adjustments to noninterest expense:
Contract settlement fees		871		-		-
Non-recurring fees for business line expansion		-		649		-
Defined benefit pension termination refund		-		-		(739)
Merger and acquisition expenses		-		296		994
Total impact of non-GAAP noninterest expense adjustments	$	871	$	945	$	255
Operating noninterest expense (non-GAAP)	$	45,410	$	43,072	$	30,244

Operating net income (non-GAAP)	$	23,828	$	21,877	$	16,002
Average assets		7,474,341		7,241,524		5,273,875
Operating return on average assets (non-GAAP)		1.26%		1.21%		1.20%
Average shareholders’ equity	$	855,206	$	844,443	$	729,979
Operating return on average shareholders' equity (non-GAAP)		11.05%		10.39%		8.70%

Operating noninterest expense (non-GAAP)	$	45,410	$	43,072	$	30,244
Total pre-provision net revenue (net interest income plus total noninterest income)		76,545		74,704		51,857
Operating efficiency ratio (non-GAAP)		59.32%		57.66%		58.32%

Income tax expense (GAAP)	$	5,885	$	6,371	$	4,600

Add (Subtract):
Adjustments to income tax expense:
State tax expense - voluntary disclosure agreements		-		-		(561)
Net tax benefit associated with pre-tax non-GAAP adjustments to net income		176		218		176
BOLI surrender tax and modified endowment contract penalty		-		(27)		-
Total impact of non-GAAP income tax expense adjustments	$	176	$	191	$	(385)
Operating income tax expense (non-GAAP)	$	6,061	$	6,562	$	4,215

Operating effective tax rate (non-GAAP)		20.3%		23.1%		20.8%