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NB Bancorp, Inc. focuses on operating as a bank holding company for Needham Bank that provides various banking products and services in the Greater Boston metropolitan area and surrounding communities in the United States. 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 residential loans, one- to four-family residential real estate, mortgage warehouse loans, 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, corporate bonds, SBA securities and municipal bonds. NB Bancorp, Inc. was founded in 1892 and is based in Needham, Massachusetts.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $214M | - | $50M | $57M | 5.9% | 23.0% | 19.3% |
| 2024 | $174M | - | $42M | $41M | 5.5% | 18.1% | 329.0% |
| 2023 | $147M | - | $10M | $50M | 1.3% | 29.8% | -67.3% |
| 2022 | $113M | - | $30M | $31M | 8.7% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 113.34 | 147.07 | 173.76 | 213.66 |
| Pretax Income | 36.39 | 11.84 | 58.62 | 71.13 |
| Tax Provision | 6.32 | 2.02 | 16.47 | 20.83 |
| Net Income | 30.07 | 9.82 | 42.15 | 50.30 |
| Net Income Common Stockholders | 30.07 | 9.82 | 42.15 | 50.30 |
| Interest Expense | 15.55 | 90.44 | 131.32 | 138.29 |
| Interest Income | 121.02 | 222.16 | 292.52 | 335.75 |
| Selling General And Administration | 61.24 | 108.65 | 88.41 | 102.54 |
| Normalized Income | 29.18 | 9.82 | 42.15 | 62.51 |
| Basic EPS | 0.70 | 0.23 | 1.07 | 0 |
| Diluted EPS | 0.70 | 0.23 | 1.07 | 0 |
| Tax Effect Of Unusual Items | 0.19 | 0 | 0 | -5.06 |
| Tax Rate For Calcs | 0.17 | 0.17 | 0.28 | 0.29 |
| Total Unusual Items | 1.07 | 0 | 0 | -17.27 |
| Total Unusual Items Excluding Goodwill | 1.07 | 0 | 0 | -17.27 |
| Net Income From Continuing Operation Net Minority Interest | 30.07 | 9.82 | 42.15 | 50.30 |
| Reconciled Depreciation | 2.47 | 2.83 | 2.96 | 3.60 |
| Net Interest Income | 105.47 | 131.72 | 161.20 | 197.46 |
| Net Income From Continuing And Discontinued Operation | 30.07 | 9.82 | 42.15 | 50.30 |
| Diluted Average Shares | 42.71 | 42.02 | 39.39 | 0 |
| Basic Average Shares | 42.71 | 42.02 | 39.39 | 0 |
| Diluted NI Availto Com Stockholders | 30.07 | 9.82 | 42.15 | 50.30 |
| Net Income Including Noncontrolling Interests | 30.07 | 9.82 | 42.15 | 50.30 |
| Net Income Continuous Operations | 30.07 | 9.82 | 42.15 | 50.30 |
| Special Income Charges | 1.07 | 0 | 0 | -17.27 |
| Other Special Charges | 0 | 0 | 0 | 0 |
| Restructuring And Mergern Acquisition | -1.07 | 0 | 0 | 17.27 |
| Gain On Sale Of Security | 1.26 | 2.15 | -0.21 | 1.50 |
| Selling And Marketing Expense | 3.40 | 23.08 | 3.46 | 3.84 |
| General And Administrative Expense | 57.84 | 85.57 | 84.95 | 98.70 |
| Other Gand A | 3.79 | 6.29 | 6.25 | 7.33 |
| Insurance And Claims | 1.83 | 4.71 | 2.85 | 3.37 |
| Salaries And Wages | 52.22 | 74.58 | 75.86 | 88 |
| Operating Revenue | 113.34 | 147.07 | 173.76 | 213.66 |
| Occupancy And Equipment | 4.35 | 5.19 | 5.58 | 6.56 |
| Other Non Interest Expense | 5.72 | 7.50 | 9.02 | 11.51 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| NB Bancorp, Inc.this co. | NBBK | $876M | 14.28 | 0.95 | 5.9% | - |
| Esquire Financial Holdings, Inc. | ESQ | $910M | 17.75 | 2.87 | 17.5% | - |
| Abacus Global Management, Inc. | ABX | $902M | 26.06 | 2.18 | 8.7% | 11.09 |
| CNB Financial Corporation | CCNE | $899M | 10.57 | 1.09 | 7.6% | - |
| Business First Bancshares, Inc. | BFST | $879M |
| 9.55 |
| 0.96 |
| 9.8% |
| - |
| Mercantile Bank Corporation | MBWM | $876M | 9.08 | 1.19 | 12.2% | - |
| TrustCo Bank Corp NY | TRST | $865M | 13.37 | 1.19 | 8.9% | - |
| Five Star Bancorp | FSBC | $865M | 12.84 | 1.94 | 13.8% | - |
| Ridgepost Capital, Inc | RPC | $842M | 45.00 | 2.39 | 4.8% | 10.84 |
| Peer Median | - | 13.11 | 1.56 | 9.4% | 10.96 | |