secwatch.observer — SEC 8-K summary
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Issuer:     NB Bancorp, Inc. (NBBK)
CIK:        0001979330
Form:       8-K
Filed at:   2025-01-22T23:59:59+00:00
Accession:  0001558370-25-000317
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NB Bancorp Q4 net income $15.6M ($0.40), up from $8.4M; announces first share repurchase of up to 5% of shares
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- Net income of $15.6M ($0.40 diluted EPS) vs $8.4M ($0.21) prior quarter; operating net income $13.3M ($0.34).
- Net interest margin expanded 1bp to 3.52%; loans grew 2.0% to $4.33B; deposits grew 3.3%.
- Tangible book value per share rose to $17.89 from $17.48.
- Board authorized share repurchase of up to 2,135,286 shares (5% of outstanding) - first such program.
- Non-performing loans decreased to $13.9M from $16.0M; net charge-offs fell to $479K from $5.2M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1979330/000155837025000317/0001558370-25-000317-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1979330/000155837025000317/nbbk-20250122x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-000317

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