NB Bancorp, Inc. Reports Solid Q1 2025 Results

NB Bancorp, Inc. ( (NBBK) ) has released its Q1 earnings. Here is a breakdown of the information NB Bancorp, Inc. presented to its investors.

NB Bancorp, Inc., the holding company of Needham Bank, operates in the financial sector, offering a range of banking services with a focus on community engagement and tech-forward solutions. In its first quarter of 2025, NB Bancorp reported a net income of $12.7 million, equivalent to $0.33 per diluted share, which marks a decrease from the previous quarter’s $15.6 million. However, operating net income, excluding one-time charges, showed a slight increase to $13.7 million. The company also repurchased 5% of its outstanding shares, enhancing its liquidity position as deposits and loans grew significantly. Key financial metrics for the quarter include a net interest margin expansion to 3.61% and a tangible book value increase to $18.20 per share. The company saw a 3.6% increase in deposits and a 3.1% rise in net loans, with notable growth in construction and industrial loans. Despite a decrease in net income, NB Bancorp maintained strong asset quality, with non-performing loans reduced by 17.9% from the previous quarter. Looking forward, the management remains focused on disciplined growth and increasing shareholder value, while navigating economic uncertainties.