Quarterly ResultMay 21, 2026, 11:37 AM
NB Bancorp Q1 2026 Operating EPS $0.38; Net Income $15.0M
AI Summary
NB Bancorp, Inc. made an investor presentation available, detailing its operations and financial performance for the first quarter of 2026. The company reported GAAP net income of $15.0 million, or $0.36 per diluted share, and operating net income of $15.8 million, or $0.38 per diluted share. The presentation highlighted significant growth in gross loans and core deposits, an expanded net interest margin, and a strong capital position following the BankProv acquisition.
Key Highlights
- Q1 2026 GAAP Net income was $15.0 million, or $0.36 per diluted share.
- Operating Net Income (Non-GAAP) for Q1 2026 was $15.8 million, or $0.38 per diluted share.
- Gross loans increased by $223.8 million (3.7%) to $6.21 billion from the prior quarter.
- Net interest margin expanded 2 basis points to 3.94%, with net interest income up 10.4%.
- Total core deposits grew by $209.1 million (3.9%) to $5.53 billion.
- Total assets reached $7.2 billion, with total deposits at $6.1 billion and total equity at $843 million.
- Tangible shareholders' equity to tangible assets stood at 11.2%.
- Cannabis business loans totaled $466.8 million and cannabis deposits were $455.6 million.
Price Impact
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