BuybackMay 13, 2026, 02:06 PM
NB Bancorp Completes Stock Buyback, Repurchases 2.2M Shares
AI Summary
NB Bancorp, Inc. announced the completion of its latest stock repurchase program on May 13, 2026. Under this program, the company repurchased 2,207,236 shares, representing approximately 5% of its outstanding common stock, at an average price of $20.96 per share. Cumulatively, since January 2025, NB Bancorp has repurchased 6,371,044 shares, or 16% of its IPO shares, at a weighted average price of $19.25. The company's tangible book value per share was $18.00 as of March 31, 2026.
Key Highlights
- Completed its latest stock repurchase program on May 13, 2026.
- Repurchased 2,207,236 shares, approximately 5% of outstanding common stock.
- Average repurchase price for this program was $20.96 per share.
- Cumulatively repurchased 6,371,044 shares since January 22, 2025.
- Total repurchases represent 16% of shares issued in its 2023 IPO.
- Weighted average price for all repurchases was $19.25 per share.
- Tangible book value per share was $18.00 as of March 31, 2026.