secwatch.observer — SEC 8-K summary
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Issuer:     NB Bancorp, Inc. (NBBK)
CIK:        0001979330
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0001558370-24-013971
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NB Bancorp Q3 net income $8.4M ($0.21/sh), down from $9.5M prior quarter; operating EPS $0.33
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- Net income $8.4M ($0.21 diluted) vs $9.5M ($0.24) prior quarter; operating net income $13.1M ($0.33) excluding $4.8M one-time charges.
- Gross loans rose $151.8M (3.7%) to $4.25B; net interest margin expanded 5bps to 3.51%.
- Sold $1.9M loss on AFS securities (0.97% yield) reinvested at 4.27%; surrendered $46.7M BOLI (3.08%) for $50M new BOLI at 4.81%.
- Net charge-offs $5.2M (0.50% annualized) vs $0.9M prior; $4.0M charge-off on office participation loan; NPLs down to $16.0M from $20.7M.
- Deposits grew $124.9M (3.2%) to $4.04B; brokered deposits up 10%; core deposits up 2.6%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1979330/000155837024013971/0001558370-24-013971-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1979330/000155837024013971/nbbk-20241030x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-013971

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