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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% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 113.34 | 147.07 | 173.76 | 213.66 |
| Operating Revenue | - | 113.34 | 147.07 | 173.76 | 213.66 |
| Selling General And Administration | - | 61.24 | 108.65 | 88.41 | 102.54 |
| Interest Income | - | 121.02 | 222.16 | 292.52 | 335.75 |
| Interest Expense | - | 15.55 | 90.44 | 131.32 | 138.29 |
| Net Interest Income | - | 105.47 | 131.72 | 161.20 | 197.46 |
| Pretax Income | - | 36.39 | 11.84 | 58.62 | 71.13 |
| Tax Provision | - | 6.32 | 2.02 | 16.47 | 20.83 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0.19 | 0 | 0 | -5.06 |
| Net Income Continuous Operations | - | 30.06 | 9.82 | 42.15 | 50.30 |
| Net Income From Continuing And Discontinued Operation | - | 30.06 | 9.82 | 42.15 | 50.30 |
| Net Income From Continuing Operation Net Minority Interest | - | 30.06 | 9.82 | 42.15 | 50.30 |
| Net Income | - | 30.06 | 9.82 | 42.15 | 50.30 |
| Net Income Common Stockholders | - | 30.06 | 9.82 | 42.15 | 50.30 |
| Net Income Including Noncontrolling Interests | - | 30.06 | 9.82 | 42.15 | 50.30 |
| Normalized Income | - | 29.18 | 9.82 | 42.15 | 62.51 |
| Diluted NI Availto Com Stockholders | - | 30.06 | 9.82 | 42.15 | 50.30 |
| Basic Average Shares | - | 42.71 | 42.02 | 39.39 | 37.41 |
| Diluted Average Shares | - | 42.71 | 42.02 | 39.39 | 37.63 |
| Reconciled Depreciation | - | 2.47 | 2.83 | 2.96 | 3.60 |
| Total Unusual Items | - | 1.07 | 0 | 0 | -17.26 |
| Total Unusual Items Excluding Goodwill | - | 1.07 | 0 | 0 | -17.26 |
| Special Income Charges | - | 1.07 | 0 | 0 | -17.26 |
| Other Special Charges | -0.50 | - | - | - | - |
| Restructuring And Mergern Acquisition | - | -1.07 | 0 | 0 | 17.26 |
| Gain On Sale Of Security | - | 1.26 | 2.15 | -0.21 | 1.50 |
| General And Administrative Expense | - | 57.84 | 85.57 | 84.95 | 98.70 |
| Other Gand A | - | 3.78 | 6.29 | 6.25 | 7.33 |
| Salaries And Wages | - | 52.22 | 74.58 | 75.86 | 88 |
| Insurance And Claims | - | 1.83 | 4.71 | 2.85 | 3.37 |
| Selling And Marketing Expense | - | 3.40 | 23.08 | 3.46 | 3.84 |
| 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 | $873M | 17.35↑ premium | 1.02 | 5.9% | - |
| Central Pacific Financial Corp. | CPF | $908M | 11.72 | 1.53 | 13.1% | - |
| Hanmi Financial Corporation | HAFC | $907M | 11.92 | 1.14 | 9.6% | - |
| Ridgepost Capital, Inc | RPC | $891M | 45.70 | 2.54 | 5.6% | 14.81 |
| Jefferson Capital, Inc. | JCAP | $889M |
| - |
| - |
| - |
| - |
| 4.73 |
| 1.87 |
| 39.5% |
| 10.24 |
| Amerant Bancorp Inc. | AMTB | $887M | 16.92 | 0.94 | 5.6% | - |
| Camden National Corporation | CAC | $852M | 13.08 | 1.22 | 9.4% | - |
| Abacus Global Management, Inc. | ABX | $851M | 23.29 | 2.03 | 8.7% | 11.11 |
| First Financial Corporation | THFF | $840M | 10.61 | 1.29 | 12.2% | - |
| Peer Median | - | 12.50 | 1.41 | 9.5% | 11.11 | |