secwatch.observer — SEC 8-K summary
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Issuer:     NB Bancorp, Inc. (NBBK)
CIK:        0001979330
Form:       8-K
Filed at:   2025-04-22T23:59:59+00:00
Accession:  0001558370-25-005147
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NB Bancorp Q1 net income $12.7M ($0.33 EPS) vs $15.6M prior; operating EPS $0.35
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- Operating net income $13.7M ($0.35 diluted) vs $13.3M ($0.34) prior quarter; GAAP includes $884K pension liquidation charge.
- Net interest margin expanded 9 bps to 3.61%; total deposits grew $149M (3.6%) and net loans grew $131.8M (3.1%).
- Repurchased 2,135,286 shares (5% of outstanding) at weighted avg cost of $19.06; tangible book value per share rose $0.31 to $18.20.
- Non-performing loans fell $2.5M to $11.4M; ACL was 0.86% of gross loans; net charge-offs $1.4M (0.12% annualized).
- Commercial real estate loans rose 1.2%; cannabis CRE portfolio decreased $3.4M, all pass-rated and current.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1979330/000155837025005147/0001558370-25-005147-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1979330/000155837025005147/nbbk-20250422x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-005147

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