NB Bancorp, Inc. (NBBK) AI Stock Analysis

• Market Cap: $648.75M
• Dividend Yield: N/A
• Average Volume (3M): 411.74K
• Price to Earnings (P/E): 15.7
• Beta (1Y): 1.00
• Revenue Growth: 22.18%
• EPS Growth: 277.02%
• Country: US
• Employees: 376
• Sector: General
• Sector Strength: N/A
• Industry: Banks - Regional
• EPS (TTM): 0.35
• Shares Outstanding: 38,541,920
• 10 Day Avg. Volume: 306,469
• 30 Day Avg. Volume: 411,736
• PEG Ratio: 0.53
• Price to Book (P/B): 1.71
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 18.84
• Enterprise Value/Market Cap: 1.16
• Enterprise Value/Revenue: 0.93
• Enterprise Value/Gross Profit: 3.14
• Enterprise Value/Ebitda: 9.11
• 1Y Price Target: $19.00
• Price Target Upside: 2.87% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 77 Outperform
• Price Target: $20.50 ▲(10.99%Upside)

NB Bancorp's strong financial performance and strategic corporate actions are the main drivers of its favorable score. Technical analysis also supports a moderately bullish outlook. The reasonable valuation further solidifies its position, making it an attractive option within the regional banking sector. The exclusion of earnings call data does not significantly impact the overall assessment.

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 through various financial activities. The primary source of income is interest income, which is earned from lending activities, including personal, commercial, and mortgage loans. Additionally, the company earns non-interest income through fees and service charges associated with its banking services, such as account maintenance fees, transaction fees, and advisory services in wealth management. The company may also engage in investment activities and securities trading, providing another revenue stream. Strategic partnerships with other financial institutions and technology providers may enhance its service delivery, thereby contributing to its financial performance.

NB Bancorp, Inc. Financial Statement Overview

Summary

NB Bancorp, Inc. presents a mixed financial picture. While profitability and equity positions are strong, with improved net income and a robust balance sheet, the decline in revenue and significant investment outflows raise concerns. The company must focus on stabilizing revenue streams and ensuring that investment activities generate adequate returns to sustain its strong financial position.

Income Statement

NB Bancorp, Inc. exhibits significant fluctuations in revenue, with a concerning decline in total revenue in the latest period. Despite this, net income has improved, suggesting cost management or one-time gains. The gross profit and net profit margins have been negatively impacted by the revenue drop, indicating potential issues in core operations. EBIT and EBITDA margins are strong in the latest period, reflecting operational efficiency or one-time financial restructuring benefits.

Balance Sheet

NB Bancorp maintains a solid balance sheet with no debt, resulting in a favorable debt-to-equity ratio. The equity ratio is strong, indicating a stable financial position. There has been notable growth in stockholders' equity, suggesting robust asset management and retention of earnings, which is positive for long-term stability.

Cash Flow

The cash flow statement shows a stable operating cash flow, which is crucial for a banking institution. However, the significant negative investing cash flow suggests large investments or asset purchases, which may impact liquidity. Free cash flow remains positive, indicating sound cash management, although the growth rate has declined, highlighting potential concerns in investment returns or operational adjustments.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	172.73M	145.63M	113.17M	86.17M
Gross Profit	172.73M	145.63M	113.17M	86.17M
EBITDA	0.00	0.00	38.86M	29.73M
Net Income	42.15M	9.82M	30.07M	21.57M
Balance Sheet
Total Assets	5.16B	4.53B	3.59B	2.92B
Cash, Cash Equivalents and Short-Term Investments	439.37M	279.95M	376.55M	716.93M
Total Debt	120.83M	283.34M	293.08M	256.00K
Total Liabilities	4.39B	3.78B	293.08M	256.00K
Stockholders Equity	765.17M	757.96M	344.06M	326.13M
Cash Flow
Free Cash Flow	41.25M	50.09M	31.22M	42.04M
Operating Cash Flow	43.19M	52.96M	39.71M	43.84M
Investing Cash Flow	-546.44M	-831.62M	-667.99M	-41.94M
Financing Cash Flow	594.52M	894.71M	317.77M	242.43M

NB Bancorp, Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 18.47
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 18.47 is above the 20-day moving average (MA) of 18.38, above the 50-day MA of 17.47, and above the 200-day MA of 18.27, indicating a bullish trend. The MACD of 0.37 indicates Positive momentum. The RSI at 56.86 is Neutral, neither overbought nor oversold. The STOCH value of 25.34 is Neutral, 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
GSBC	78 Outperform	$693.92M	10.32	11.48%	3.31%	4.50%	16.92%
EQBK	78 Outperform	$697.64M	9.85	12.24%	1.51%	31.23%	533.61%
NBBK	77 Outperform	$648.75M	15.74	6.26%	―	22.18%	277.02%
HAFC	75 Outperform	$783.40M	12.15	8.82%	3.98%	5.20%	-11.06%
IBCP	71 Outperform	$707.21M	10.86	15.04%	2.94%	5.59%	7.03%
CAC	71 Outperform	$712.76M	13.41	8.24%	4.98%	18.13%	4.86%
Sector *	56 Neutral	$5.80B	21.14	-28.61%	4.89%	10.78%	-34.04%

NB Bancorp, Inc. Corporate Events

NB Bancorp Completes Stock Repurchase Program

On July 16, 2025, NB Bancorp, Inc. announced the completion of its stock repurchase program, having bought back 2,028,522 shares, representing approximately 5% of its outstanding common stock, at an average price of $17.96 per share. Since the initiation of its first stock repurchase program on January 22, 2025, the company has repurchased a total of 4,163,809 shares, or 9.8% of its common shares, at a weighted average price of $18.52, which reflects a strategic move to 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 Enters Merger Agreement with Provident

On June 5, 2025, NB Bancorp, Inc. announced its entry into a Merger Agreement with Provident Bancorp, Inc., which will result in Provident’s Director, President, and CEO, Joseph B. Reilly, joining the Boards of Directors of NB Bancorp and Needham Bank. Reilly will also provide consulting services to Needham for 18 months post-merger. This merger signifies a strategic move for NB Bancorp, potentially enhancing its market position and operational capabilities, while Reilly’s involvement is expected to bring valuable leadership and insights to the company.

The most recent analyst rating on (NBBK) stock is a Buy with a $22.00 price target. To see the full list of analyst forecasts on NB Bancorp, Inc. stock, see the NBBK Stock Forecast page.

NB Bancorp Announces New Stock Repurchase Plan

On May 7, 2025, NB Bancorp, Inc. announced a new stock repurchase plan, authorizing the buyback of up to 2,028,522 shares, approximately 5% of its outstanding common stock. This initiative, the second since the company’s mutual-to-stock conversion in December 2023, is part of their strategy to provide returns to shareholders and reflects the company’s strong earnings performance and commitment to growing market share.