Quarterly ResultJul 22, 2026, 04:37 PM
NB Bancorp Q2 Net Income $21.1M, EPS $0.53; Declares $0.07 Dividend
AI Summary
NB Bancorp, Inc. announced strong financial results for the second quarter of 2026, with net income rising to $21.1 million, or $0.53 per diluted common share, a significant increase from the prior quarter. The company also declared a quarterly cash dividend of $0.07 per share. Key performance indicators showed improvement, including net interest margin expansion, disciplined growth in loans and deposits, and enhanced asset quality with reduced net charge-offs and non-performing loans. The company highlighted strategic investments in technology and operational capabilities to support continued profitable growth.
Key Highlights
- Net income for Q2 2026 was $21.1 million, or $0.53 per diluted common share, up from $15.0 million ($0.36 EPS) in prior quarter.
- Operating net income for Q2 2026 increased 38.5% to $21.9 million, or $0.55 per diluted common share.
- Board declared a quarterly cash dividend of $0.07 per share, payable August 19, 2026.
- Net interest margin expanded by 7 basis points to 4.00% from 3.93% in the prior quarter.
- Total loans increased 3.4% to $6.42 billion, and total deposits increased 3.7% to $6.32 billion during the quarter.
- Efficiency ratio improved to 58.92% from 61.55% in the prior quarter.
- Net charge-offs (annualized) declined to 0.07% from 0.91%, and non-performing loans decreased to 0.43% from 0.73%.
- Repurchased 918,727 shares at an average cost of $20.13 per share.
Price Impact
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