---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-005626"
form_type: "8-K"
ticker: "NBBK"
cik: "0001979330"
company_name: "NB Bancorp, Inc."
filed_at: "2024-04-24T23:59:59+00:00"
generated_at: "2026-06-03T09:54:06.253853+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# NB Bancorp Q1 net income $8.7M, EPS $0.22, vs prior-quarter loss of $13.6M

## Summary
- Diluted EPS of $0.22 vs ($0.32) in Q4 2023; net income of $8.7M vs net loss of $13.6M.
- Gross loans up $65.3M to $3.95B, led by commercial real estate (+$136.7M).
- Total deposits increased $384.7M to $3.77B; core deposits up 8.4%.
- Net interest margin expanded 21 bps to 3.60%; provision for credit losses was $4.4M.
- Nonperforming loans low at 0.28% of total loans; annualized net charge-offs 0.19%.

## SEC filing metadata
- accession: 0001558370-24-005626
- form_type: 8-K
- ticker: NBBK
- cik: 0001979330
- company_name: NB Bancorp, Inc.
- filed_at: 2024-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1979330/000155837024005626/0001558370-24-005626-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1979330/000155837024005626/nbbk-20240424x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-005626
- JSON: https://secwatch.observer/filing/0001558370-24-005626.json
- Plain text: https://secwatch.observer/filing/0001558370-24-005626.txt

## Key facts
- Earnings Releases
  NB Bancorp, Inc. reported the quarter ended March 31, 2024 results: net income $8.7 million, EPS $0.22 per diluted share.
  - Period: the quarter ended March 31, 2024
  - Net income: $8.7 million
  - EPS: $0.22 per diluted share
  - Result: reported results
  source text: the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ ​ ​ Item 2.02 Results of Operation and Financial Condition. On April 24, 2024, NB Bancorp, Inc., the holding company for Needham Bank, issued a press release in which it announced its earnings for the quarter ended March 31, 2024. A copy of the press release announcing the results is included as Exhibit 99.1 to this Current Report on Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1979330/000155837024005626/0001558370-24-005626-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.