NB Bancorp, Inc. (NBBK) AI Stock Analysis

• Market Cap: $952.44M
• Dividend Yield: 0.67%
• Average Volume (3M): 194.91K
• Price to Earnings (P/E): 16.7
• Beta (1Y): 1.00
• Revenue Growth: 14.04%
• EPS Growth: 337.54%
• Country: US
• Employees: 376
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): N/A
• Shares Outstanding: 45,770,798
• 10 Day Avg. Volume: 190,793
• 30 Day Avg. Volume: 194,912
• 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: 0.74
• Enterprise Value/Revenue: 2.15
• Enterprise Value/Gross Profit: 3.78
• Enterprise Value/Ebitda: 8.98
• 1Y Price Target: $24.00
• Price Target Upside: 8.21% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 73 Outperform
• Price Target: $23.00 ▲(3.70% Upside)

The score is driven primarily by strong financial performance (healthy profitability trends and a very strong, low-leverage balance sheet) and supported by positive corporate actions (acquisition scale-up plus buyback/dividend). Technicals are constructive but not strongly bullish due to mixed momentum, and valuation looks reasonable rather than deeply discounted.

Positive Factors

Strategic Merger

The merger with Provident Bancorp expands NB Bancorp's market presence and service offerings, enhancing competitive positioning and growth potential.

Revenue Growth

Consistent revenue growth indicates strong market demand and effective business strategies, contributing to long-term financial stability.

Balance Sheet Strength

A robust balance sheet with low leverage enhances financial stability and flexibility, supporting sustainable growth and risk management.

Negative Factors

Operating Cash Flow Efficiency

Inefficient cash flow management could strain liquidity and limit the company's ability to invest in growth opportunities or manage unforeseen expenses.

Declining Gross Profit Margin

A declining gross profit margin may indicate rising costs or pricing pressures, potentially impacting profitability if not addressed.

Integration Risks

Mergers can pose integration challenges, including cultural alignment and operational synergies, which may affect short-term performance and strategic execution.

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

Strong overall financial health: solid revenue growth and improved profitability margins, a robust low-leverage balance sheet (very low debt-to-equity) and improving ROE. Cash generation is positive with strong free cash flow growth, but operating cash flow efficiency is a noted weakness.

Income Statement

NB Bancorp, Inc. shows a solid revenue growth trajectory with a 2.47% increase in TTM. The gross profit margin is healthy at 46.78%, though it has declined from previous years. The net profit margin has improved to 19.57% in TTM, indicating enhanced profitability. EBIT and EBITDA margins have also strengthened, reflecting operational efficiency. However, the declining gross profit margin over time suggests potential cost pressures.

Balance Sheet

The company maintains a strong balance sheet with a low debt-to-equity ratio of 0.056 in TTM, indicating low leverage and financial stability. Return on equity has improved to 7.82%, showcasing effective utilization of equity. The equity ratio is robust, highlighting a solid capital structure. The reduction in debt levels over time further strengthens the financial position.

Cash Flow

Free cash flow has grown by 24.22% in TTM, indicating strong cash generation capabilities. The free cash flow to net income ratio is high at 97.26%, reflecting efficient conversion of income to cash. However, the operating cash flow to net income ratio is low, suggesting potential issues in cash flow management. Overall, cash flow metrics are positive but warrant attention to operating cash flow efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	327.91M	304.05M	237.52M	128.88M	98.80M
Gross Profit	186.43M	160.61M	133.19M	106.64M	84.12M
EBITDA	78.55M	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	296.64M	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	79.73M	41.25M	50.03M	31.22M	42.04M
Operating Cash Flow	81.65M	43.19M	52.90M	39.71M	43.84M
Investing Cash Flow	-471.54M	-546.44M	-831.62M	-667.99M	-41.94M
Financing Cash Flow	368.21M	594.52M	894.77M	317.77M	242.43M

NB Bancorp, Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 22.18
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• 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 22.18 is above the 20-day moving average (MA) of 20.68, above the 50-day MA of 20.46, and above the 200-day MA of 18.38, indicating a bullish trend. The MACD of 0.54 indicates Negative momentum. The RSI at 70.96 is Negative, neither overbought nor oversold. The STOCH value of 76.35 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
IBCP	79 Outperform	$760.02M	11.23	14.51%	3.09%	4.29%	10.56%
CAC	75 Outperform	$861.51M	13.26	9.49%	3.66%	24.08%	9.83%
FCBC	74 Outperform	$728.20M	15.00	9.57%	9.26%	-0.40%	-1.43%
THFF	74 Outperform	$802.17M	10.13	14.02%	3.19%	16.57%	69.64%
NBBK	73 Outperform	$952.44M	16.68	7.84%	0.67%	14.04%	337.54%
ORRF	70 Outperform	$758.89M	9.31	14.59%	2.93%	47.65%	101.00%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

NB Bancorp, Inc. Corporate Events

NB Bancorp Reports Q4 Results, Declares Dividend, Buyback

On January 22, 2026, NB Bancorp, Inc. reported fourth-quarter 2025 results marked by the completed November 15, 2025 acquisition of Provident Bancorp, Inc. and its subsidiary BankProv, which added approximately $1.42 billion in assets, $1.23 billion in loans and $1.13 billion in deposits and expanded the bank’s footprint in southern New Hampshire. Quarterly net income fell to $7.7 million, or $0.19 per diluted share, from $15.4 million in the prior quarter due to sizable merger and bank-owned life insurance-related charges, but operating net income excluding one-time items rose to $21.2 million, or $0.51 per diluted share, as net interest margin widened to 3.92% and both loans and deposits increased sharply, driving total assets to $7.01 billion. The Board also declared a quarterly cash dividend of $0.07 per share, payable February 19, 2026 to shareholders of record on February 5, 2026, and authorized a new stock repurchase program covering up to 2,288,509 shares, or roughly 5% of shares outstanding, signaling confidence in the company’s capital position and earnings power following the Provident integration.

The most recent analyst rating on (NBBK) stock is a Buy with a $23.50 price target. To see the full list of analyst forecasts on NB Bancorp, Inc. stock, see the NBBK Stock Forecast page.

NB Bancorp Completes Acquisition of Provident Bancorp

On November 15, 2025, NB Bancorp, Inc., the holding company for Needham Bank, completed its acquisition of Provident Bancorp, Inc. and its subsidiary BankProv. The merger, initially agreed upon in June 2025, resulted in Needham as the surviving entity, with Needham Bank absorbing BankProv. The merger consideration allowed Provident shareholders to choose between receiving Needham stock or cash, with specific allocation and proration procedures ensuring an even split between stock and cash options. Joseph B. Reilly, previously President and CEO of Provident, was appointed as a director of Needham and Needham Bank following the merger. Reilly’s employment with BankProv ended, and he entered into a severance and consulting agreement with Needham Bank, which includes non-competition and non-solicitation clauses.

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.

NB Bancorp Completes Merger with Provident Bancorp

On November 14, 2025, NB Bancorp, Inc. and Provident Bancorp, Inc. announced the completion of their merger, with all conditions satisfied and the transaction set to become effective shortly after midnight on November 15, 2025. The merger will result in the integration of BankProv’s products and services into Needham Bank, and Joseph B. Reilly will join the board of Needham Bank. Provident common stock will be delisted from NASDAQ following the close of trading on November 14, 2025.

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.

NB Bancorp Announces Merger Proration Results

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.

NB Bancorp Highlights Q3 2025 Financial Performance

On November 4, 2025, NB Bancorp, Inc. presented a slide presentation at an investor meeting, highlighting its financial performance and operations. The company reported a net income of $15.4 million for the third quarter of 2025, with significant growth in gross loans and core deposits. Despite a slight compression in net interest margin, asset quality remained strong, and the company continued to demonstrate prudent risk management and capital stewardship. This presentation underscores NB Bancorp’s stable financial footing and its commitment to responsible growth, which is crucial for stakeholders and its market position.

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.

NB Bancorp Sets Merger Election Deadline with Provident

On October 31, 2025, NB Bancorp, Inc. and Provident Bancorp, Inc. announced the confirmation of the election deadline for Provident stockholders to choose their preferred merger consideration by November 7, 2025. The merger between Needham and Provident is expected to be effective shortly after midnight on November 15, 2025, with the conversion of BankProv’s products and services to Needham Bank’s systems occurring over that weekend. November 14, 2025, will be the last trading day for Provident common stock.

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.