NB Bancorp, Inc. Reports Third Quarter 2026 Financial Results, Declares Quarterly Cash Dividend
PR Newswire•15/10/2026•16:20 ET
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Key Highlights
- ➤Net income $23.1M, or $0.58 per diluted share, versus $21.1M prior quarter
- ➤Gross loans rose 5.3% to $6.77B; deposits increased 3.2% to $6.52B
- ➤Net interest margin declined three basis points to 3.97%
- ➤Net charge-offs rose to 0.31% from 0.07%; non-performing loans reached 0.53%
- ➤Board declared $0.07 quarterly dividend, payable November 12, 2026
Expert Statements
Joseph Campanelli, Chairman, President and Chief Executive Officer of NB Bancorp, Inc.
“The third quarter of 2026 displayed Needham Bank's continued execution of our growth strategy as we continue to take market share and go up market for new customers. In the third quarter, gross loans increased 5.3%, while total deposits increased 3.2%. Through the first three quarters of 2026, total loans and total deposits have increased by 17.4% and 15.2%, respectively, on an annualized basis, while operating EPS has increased 27%. Our strong earnings performance reflects the continued momentum of our franchise, disciplined execution of our growth strategy, and the trust our customers place in us. We are expanding thoughtfully, investing in our capabilities and talent, and maintaining a strong balance sheet and prudent risk management. As we look ahead, we remain confident in our ability to deliver sustainable growth and long-term value for our customers, employees, communities, and shareholders”
NB Bancorp, Inc. Reports Third Quarter 2026 Financial Results, Declares Quarterly Cash Dividend PR Newswire
NEEDHAM, Mass., Oct. 15, 2026 /PRNewswire/ -- NB Bancorp, Inc. (the "Company") (Nasdaq Capital Market: NBBK), the holding company of Needham Bank (the "Bank"), today announced its third quarter 2026 financial results.
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