NB Bancorp, Inc. (NBBK) AI Stock Analysis

• Market Cap: $664.75M
• Dividend Yield: 0.39%
• Average Volume (3M): 167.02K
• Price to Earnings (P/E): 13.6
• Beta (1Y): 1.03
• Revenue Growth: 17.31%
• EPS Growth: 251.27%
• Country: US
• Employees: 376
• Sector: General
• Sector Strength: N/A
• Industry: Banks - Regional
• EPS (TTM): 0.40
• Shares Outstanding: 39,826,447
• 10 Day Avg. Volume: 182,180
• 30 Day Avg. Volume: 167,022
• 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: 0.96
• Enterprise Value/Revenue: 1.99
• Enterprise Value/Gross Profit: 3.58
• Enterprise Value/Ebitda: 8.70
• 1Y Price Target: $20.50
• Price Target Upside: 13.07% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 74 Outperform
• Price Target: $20.00 ▲(10.31% Upside)

NB Bancorp, Inc. demonstrates strong financial performance with robust revenue growth and efficient cost management, which significantly contributes to its overall score. The valuation is attractive with a reasonable P/E ratio and a solid dividend yield. Technical analysis indicates a neutral trend, slightly dampening the overall score.

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 streams, primarily from interest income on loans and advances provided to customers, as well as interest earned on securities. The company also earns non-interest income from fees and commissions related to its wealth management services, account maintenance, and transaction processing. Additionally, NBBK benefits from strategic partnerships with financial technology firms, which enhance its service offerings and provide cost-effective solutions. The bank's profitability is further supported by effective risk management practices and a focus on maintaining a strong balance sheet.

NB Bancorp, Inc. Financial Statement Overview

Summary

NB Bancorp, Inc. exhibits strong financial health with consistent revenue and profit growth, efficient operations, and solid cash flow management. The low leverage and strong equity base provide stability, though the relatively low equity ratio may present some risk. Overall, the company is well-positioned in its industry.

Income Statement

NB Bancorp, Inc. shows strong revenue growth with a TTM revenue of $313.05M, up from $304.05M in the previous year. The gross profit margin is robust at 54.03%, and the net profit margin is healthy at 14.73%. The EBIT margin is 20.45%, indicating efficient operations. Overall, the company demonstrates solid profitability and growth.

Balance Sheet

The balance sheet reflects a stable financial position with a debt-to-equity ratio of 0.12, suggesting low leverage. The return on equity is strong at 6.23%, and the equity ratio is 14.11%, indicating a solid equity base. However, the relatively low equity ratio suggests potential risks in asset financing.

Cash Flow

The cash flow statement shows a significant free cash flow of $62.94M in TTM, with a strong operating cash flow to net income ratio of 1.40. The free cash flow to net income ratio is also robust at 1.37, indicating efficient cash generation relative to profits. The company demonstrates excellent cash flow management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	322.99M	304.05M	237.52M	128.88M	98.80M
Gross Profit	179.12M	160.61M	133.19M	106.64M	84.12M
EBITDA	73.69M	61.58M	14.67M	38.86M	29.73M
Net Income	51.23M	42.15M	9.82M	30.07M	21.57M
Balance Sheet
Total Assets	5.23B	5.16B	4.53B	3.59B	2.92B
Cash, Cash Equivalents and Short-Term Investments	392.52M	305.09M	279.95M	376.55M	716.93M
Total Debt	127.60M	120.83M	283.34M	293.08M	256.00K
Total Liabilities	4.49B	4.39B	3.78B	3.25B	2.60B
Stockholders Equity	737.12M	765.17M	757.96M	344.06M	326.13M
Cash Flow
Free Cash Flow	65.19M	41.25M	50.09M	31.22M	42.04M
Operating Cash Flow	67.02M	43.19M	52.96M	39.71M	43.84M
Investing Cash Flow	-494.70M	-546.44M	-831.62M	-667.99M	-41.94M
Financing Cash Flow	357.44M	594.52M	894.71M	317.77M	242.43M

NB Bancorp, Inc. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 18.13
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NBBK, the sentiment is Neutral. The current price of 18.13 is below the 20-day moving average (MA) of 18.58, below the 50-day MA of 18.26, and above the 200-day MA of 17.99, indicating a neutral trend. The MACD of -0.05 indicates Positive momentum. The RSI at 43.88 is Neutral, neither overbought nor oversold. The STOCH value of 16.23 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for NBBK.

NB Bancorp, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NBBK	74 Outperform	$664.75M	13.64	6.92%	0.39%	17.31%	251.27%
THFF	73 Outperform	685.09M	11.00	8.61%	3.43%	20.07%	21.46%
ORRF	73 Outperform	674.39M	15.48	4.27%	2.95%	89.40%	-29.07%
CAC	72 Outperform	672.92M	12.35	7.54%	4.22%	22.21%	6.20%
IBCP	70 Outperform	652.97M	10.21	13.80%	3.24%	3.17%	-1.53%
FCBC	70 Outperform	652.74M	13.15	9.80%	9.29%	0.89%	-2.22%
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

NB Bancorp, Inc. Corporate Events

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.

NB Bancorp Announces Quarterly Dividend Amid Strong Q2

On July 23, 2025, NB Bancorp, Inc. announced a quarterly cash dividend of $0.07 per share, payable on August 20, 2025. The company reported strong financial results for the second quarter of 2025, with net income rising to $14.6 million and operating net income reaching $15.0 million. The quarter was marked by record earnings, a share repurchase program, and the announcement of a pending acquisition of Provident Bancorp, Inc. The company experienced growth in loans, an expansion in net interest margin, and a decrease in deposits. The financial results reflect NB Bancorp’s strategic focus on growth and enhancing shareholder value.

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.