secwatch.observer — SEC 8-K summary
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Issuer:     NB Bancorp, Inc. (NBBK)
CIK:        0001979330
Form:       8-K
Filed at:   2024-07-24T23:59:59+00:00
Accession:  0001558370-24-010059
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NB Bancorp Q2 net income $9.5M ($0.24 EPS); COO to retire
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- Net income $9.5M ($0.24 diluted EPS) vs $8.7M ($0.22) prior quarter.
- Gross loans +$142.7M (3.6%) to $4.10B; deposits +$145.9M (3.9%) to $3.92B.
- NIM (FTE) down 15 bps to 3.45%; provision for ACL $3.7M.
- COO Salvatore Rinaldi to retire once successor identified; remains in advisory role.
- Non-performing loans $20.7M (0.51% of loans), up $9.9M mainly due to one office loan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1979330/000155837024010059/0001558370-24-010059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1979330/000155837024010059/nbbk-20240724x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-010059

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer