NB Bancorp FY23 adj. net income $34.3M (up 14%); GAAP net income $9.8M on $19.1M foundation contribution

NB Bancorp, Inc.

2023-FY EPS reported $0.23

Net income $9.8M vs $30.1M prior year; excluding one-time conversion/IPO costs, adj. net income $34.3M.
Total assets $4.53B (+26.2% YoY); net loans $3.86B (+29.0%) driven by CRE, C&I, and residential growth.
Net interest income $130.1M (+23.9% YoY); net interest margin 3.41%, down 8 bps on higher funding costs.
Book value per share $17.75; tangible book value $17.72; shareholders' equity $758.0M (+120.3% from IPO).
Allowance for credit losses 0.83% of loans; non-performing loans $10.8M, down from $12.9M at year-end 2022.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NB Bancorp, Inc. reported the year ended December 31, 2023 results: net income $9.8 million.

Period: the year ended December 31, 2023
Net income: $9.8 million
Result: reported results

Exact text from the filing

net income of $9.8 million for the year ended December 31, 2023

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44 earnings releases filed in the last 30 days. Browse all earnings releases →

NB Bancorp, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-24-002044

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