NB Bancorp Sends $3.07 Million to Shareholders on Oct. 29

NB Bancorp (NBBK) and its subsidiary, Needham Bank, completed a $100 million private placement of 7.50% Fixed-to-Floating Rate Subordinated Notes due 2036. The notes, rated BBB- by Kroll, bear a fixed 7.50% interest for five years, then adjust quarterly to SOFR + 305 basis points. Proceeds will be used for general corporate purposes, according to the company.

NB Bancorp raised $100 million through a private offering of 7.50% subordinated notes due 2036, with net proceeds of $98.3 million. The notes will fund general corporate purposes, including a $30 million capital contribution to Needham Bank. The company also agreed to register the notes for exchange and issued them under an indenture with UMB Bank.

NB Bancorp reported Q3FY26 adjusted operating EPS of $0.60, beating estimates by 1.69% but missing sales expectations by 1%. Revenue grew 47.98% year-over-year to $76.545 million. The company declared a $0.07 quarterly dividend. Net income rose to $23.1 million, with total assets increasing 3.2% to $7.68 billion. Non-performing loans rose 30.4% due to a commercial real estate loan.

NB Bancorp reported Q3 GAAP EPS of $0.58, meeting estimates, while revenue of $76.5M missed by $0.8M. Year-over-year revenue grew 47.9%, but cash reserves fell 33.5% to $266.1M. The stock declined 1.92%.

NB Bancorp (NBBK) reported Q3 earnings of $0.60 per share, beating estimates by $0.01. Revenue was $76.55M, missing estimates by 0.85%. The company has surpassed EPS estimates three times in the last four quarters. Shares are up 11.7% YTD. Management's commentary on the earnings call may influence future stock performance.

NB Bancorp (NBBK) reported Q3 2026 net income of $23.1M, up from $21.1M in Q2. Operating net income rose 8.9% to $23.8M. Net interest margin declined 3 bps to 3.97%. The company declared a $0.07 quarterly dividend. Gross loans increased 5.3%, while deposits rose 3.2%.