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NB Bancorp Announces Merger Proration Results

Story Highlights
  • NB Bancorp and Provident Bancorp announced merger proration results on November 13, 2025.
  • The merger involves Needham acquiring Provident, with shareholders choosing stock or cash options.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
NB Bancorp Announces Merger Proration Results

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NB Bancorp, Inc. ( (NBBK) ) has issued an update.

On November 13, 2025, NB Bancorp, Inc. and Provident Bancorp, Inc. announced the results of the proration of the Merger Consideration as part of their planned merger. The merger, initially agreed upon on June 5, 2025, involves Needham’s acquisition of Provident and Provident Bank, with the transaction expected to be completed on November 15, 2025. The merger will result in Provident merging into Needham, with Needham as the surviving entity, followed by BankProv merging into Needham Bank. The terms of the merger allow Provident shareholders to choose between receiving Needham common stock or cash for their shares, subject to allocation and proration procedures. Approximately 16.31% of Provident shares elected to receive stock, 75.33% elected cash, and 8.36% made no election. Needham plans to issue approximately 5,944,350 shares of its common stock as part of the merger.

The most recent analyst rating on (NBBK) stock is a Hold with a $21.00 price target. To see the full list of analyst forecasts on NB Bancorp, Inc. stock, see the NBBK Stock Forecast page.

Spark’s Take on NBBK Stock

According to Spark, TipRanks’ AI Analyst, NBBK is a Outperform.

NB Bancorp, Inc. demonstrates strong financial performance with robust revenue growth and efficient cost management, which are the most significant factors driving the score. The stock’s valuation is reasonable, supported by a solid dividend yield. Technical indicators suggest a neutral trend, with no immediate momentum signals. Overall, the company is well-positioned within the regional banking industry.

To see Spark’s full report on NBBK stock, click here.

More about NB Bancorp, Inc.

Average Trading Volume: 186,498

Technical Sentiment Signal: Strong Buy

Current Market Cap: $676.5M

Learn more about NBBK stock on TipRanks’ Stock Analysis page.

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