NB Bancorp, Inc. (NBBK) AI Stock Analysis

• Market Cap: $666.95M
• Dividend Yield: 0.76%
• Average Volume (3M): 196.22K
• Price to Earnings (P/E): 11.8
• Beta (1Y): 1.03
• Revenue Growth: 14.04%
• EPS Growth: 337.54%
• Country: US
• Employees: 376
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.45
• Shares Outstanding: 39,826,447
• 10 Day Avg. Volume: 247,990
• 30 Day Avg. Volume: 196,225
• PEG Ratio: 0.05
• Price to Book (P/B): 0.93
• Price to Sales (P/S): 2.34
• P/FCF Ratio: 17.25
• Enterprise Value/Market Cap: 0.71
• Enterprise Value/Revenue: 1.59
• Enterprise Value/Gross Profit: 3.39
• Enterprise Value/Ebitda: 5.99
• 1Y Price Target: $21.50
• Price Target Upside: 16.09% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): 1.66
• Revenue Forecast (FY): N/A

• Rating: 74 Outperform
• Price Target: $20.00 ▲(7.99% Upside)

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.

NB Bancorp, Inc. Business Overview & Revenue Model

Company Description

NB Bancorp, Inc. focuses on operating as a bank holding company for Needham Bank that provides various banking products and services in Greater Boston metropolitan area and surrounding communities in Massachusetts, eastern Connecticut, southern New Hampshire, and Rhode Island. The company offers various deposits, including certificate of deposit, individual retirement, money market, savings, NOW, demand deposit, and interest-bearing and noninterest-bearing checking accounts; and commercial real estate and multifamily, one- to four-family residential real estate, construction and land development, commercial and industrial, and consumer loans, as well as home equity loans and lines of credit. It also invests in securities consisting of U.S. treasury and federal agency securities, government-sponsored residential mortgage-backed securities, municipal bonds, and corporate bonds. The company was founded in 1892 and is based in Needham, Massachusetts.

How the Company Makes Money

NB Bancorp, Inc. generates revenue primarily through interest income from loans and investments, as well as non-interest income from fees associated with banking services. The company's key revenue streams include interest earned on various types of loans, such as personal, business, and mortgage loans, which are typically the largest source of income. Additionally, NBBK earns fees from services like account maintenance, transaction processing, and wealth management advisory services. The company also benefits from strategic partnerships with other financial institutions and service providers, enhancing its ability to offer a comprehensive suite of products and services. Economic factors, such as interest rates and local market conditions, also play a significant role in influencing its earnings, as they affect both loan demand and the bank's net interest margin.

NB Bancorp, Inc. Financial Statement Overview

Summary

NB Bancorp, Inc. exhibits solid financial health with strong revenue growth, efficient cost management, and prudent leverage. While profitability and cash flow metrics are robust, there is potential for further improvement in asset utilization and operational cash flow efficiency.

Income Statement

NB Bancorp, Inc. shows strong revenue growth with a TTM increase of 3.17% and consistent profitability, evidenced by a net profit margin of 15.86% and an EBIT margin of 22.13%. The gross profit margin remains robust at 55.46%, indicating efficient cost management. However, the slight decline in gross profit margin from previous periods suggests potential cost pressures.

Balance Sheet

The company maintains a healthy debt-to-equity ratio of 0.17, reflecting prudent leverage management. Return on equity is modest at 6.85%, indicating moderate profitability relative to shareholder equity. The equity ratio of 14.10% suggests a stable capital structure, though there is room for improvement in asset utilization.

Cash Flow

NB Bancorp, Inc. demonstrates strong cash flow management with a free cash flow growth rate of 3.57% and a high free cash flow to net income ratio of 97.26%. The operating cash flow to net income ratio of 1.57% indicates efficient cash generation relative to earnings, though there is potential for enhancing operational cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	297.45M	304.05M	237.52M	128.88M	98.80M
Gross Profit	139.15M	160.61M	133.19M	106.64M	84.12M
EBITDA	78.76M	61.58M	14.67M	38.86M	29.73M
Net Income	58.21M	42.15M	9.82M	30.07M	21.57M
Balance Sheet
Total Assets	5.44B	5.16B	4.53B	3.59B	2.92B
Cash, Cash Equivalents and Short-Term Investments	428.57M	305.09M	279.95M	376.55M	716.93M
Total Debt	41.45M	120.83M	283.34M	293.08M	256.00K
Total Liabilities	4.71B	4.39B	3.78B	3.25B	2.60B
Stockholders Equity	737.03M	765.17M	757.96M	344.06M	326.13M
Cash Flow
Free Cash Flow	81.09M	41.25M	50.09M	31.22M	42.04M
Operating Cash Flow	81.65M	43.19M	52.96M	39.71M	43.84M
Investing Cash Flow	-471.54M	-546.44M	-831.62M	-667.99M	-41.94M
Financing Cash Flow	368.21M	594.52M	894.71M	317.77M	242.43M

NB Bancorp, Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 18.52
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NBBK, the sentiment is Positive. The current price of 18.52 is above the 20-day moving average (MA) of 17.81, above the 50-day MA of 18.03, and above the 200-day MA of 17.82, indicating a bullish trend. The MACD of 0.10 indicates Negative momentum. The RSI at 59.73 is Neutral, neither overbought nor oversold. The STOCH value of 87.49 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NBBK.

NB Bancorp, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ORRF	78 Outperform	$663.87M	9.01	13.43%	3.14%	47.65%	101.00%
NBBK	74 Outperform	$666.95M	11.78	7.84%	0.76%	14.04%	337.54%
CAC	72 Outperform	$652.45M	10.99	9.49%	4.33%	24.08%	9.83%
IBCP	72 Outperform	$626.46M	9.29	14.51%	3.39%	4.29%	10.56%
THFF	71 Outperform	$636.50M	8.60	12.46%	3.68%	16.57%	69.64%
FCBC	68 Neutral	$599.81M	12.22	9.57%	9.93%	-0.40%	-1.43%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

NB Bancorp, Inc. Corporate Events

NB Bancorp Reports Strong Q3 2025 Earnings

NB Bancorp, Inc., the holding company of Needham Bank, operates in the financial services sector, offering a range of banking products and services primarily in the Greater Boston area and surrounding regions. Known as the ‘Builder’s Bank,’ it combines local expertise with the capabilities of larger institutions.

NB Bancorp Declares Quarterly Dividend Amid Strong Q3 Results

On October 22, 2025, NB Bancorp, Inc. declared a quarterly cash dividend of $0.07 per share, payable on November 19, 2025, to shareholders of record as of November 5, 2025. The company reported strong financial results for the third quarter of 2025, with net income of $15.4 million and an increase in both loans and deposits. The company is preparing for the anticipated closing of its acquisition of Provident Bancorp, Inc. in the fourth quarter, which is expected to provide growth opportunities and enhance shareholder value.

The most recent analyst rating on (NBBK) stock is a Buy with a $20.00 price target. To see the full list of analyst forecasts on NB Bancorp, Inc. stock, see the NBBK Stock Forecast page.

NB Bancorp Receives Regulatory Approval for Merger

On October 20, 2025, NB Bancorp, Inc. and Provident Bancorp, Inc. announced that all regulatory approvals for their merger have been received, with completion expected around November 14, 2025. The merger, initially announced on June 5, 2025, aims to expand Needham’s footprint and enhance service offerings, reflecting both companies’ commitment to innovation and community banking.

The most recent analyst rating on (NBBK) stock is a Buy 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.

NB Bancorp Sends Election Materials for Merger

On June 5, 2025, NB Bancorp, Inc. and Provident Bancorp, Inc. entered into a merger agreement, which was approved by Provident stockholders on September 16, 2025. The merger involves Needham acquiring Provident and BankProv, with the transaction expected to be completed by November 15, 2025, pending regulatory approvals. On October 7, 2025, election materials were sent to Provident stockholders to choose between receiving Needham stock, cash, or a combination as part of the merger consideration. The election process is subject to allocation and proration provisions, and the final election deadline is anticipated to be November 7, 2025.

The most recent analyst rating on (NBBK) stock is a Buy 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.

NB Bancorp Reports Strong Q2 2025 Financial Results

On July 29, 2025, NB Bancorp, Inc., the parent company of Needham Bank, presented a slide presentation at an in-person investors meeting, highlighting its operations and financial performance. The company reported a GAAP net income of $14.6 million for the second quarter of 2025, with a notable increase in gross loans and net interest margin, reflecting its strong market positioning and prudent risk management strategies.

The most recent analyst rating on (NBBK) stock is a Buy with a $19.00 price target. To see the full list of analyst forecasts on NB Bancorp, Inc. stock, see the NBBK Stock Forecast page.