Joseph B. Reilly
Upon and subject to the completion of the Merger, Joseph B. Reilly, Provident’s Director, President and Chief Executive Officer will join the respective Boards of Directors of the Company and Needham Bank.
Highest-materiality recent filing
NB Bancorp completes stock repurchase; 2.2M shares bought at avg $20.96
Repurchased 2,207,236 shares (~5% of outstanding) at average price $20.96/share.
NB Bancorp Q1 net income $15.0M, EPS $0.36; declares $0.07 dividend
Net income $15.0M ($0.36 diluted EPS) vs $7.7M ($0.19) prior quarter; operating net income $15.8M ($0.38).
NB Bancorp reports Q4 net income $7.7M; operating EPS $0.51; approves share repurchase
Net income $7.7M ($0.19 diluted EPS); operating net income $21.2M ($0.51) after $15.7M merger costs.
NB Bancorp completes acquisition of Provident Bancorp; issues ~5.94M shares
Merger closed Nov 15, 2025; each Provident share converts to 0.691 NBBK shares or $13 cash, prorated 50/50.
NB Bancorp and Provident Bancorp close merger effective Nov 15, 2025; PVBC delisted
All closing conditions satisfied; merger effective shortly after midnight (ET) on November 15, 2025.
NB Bancorp finalizes merger proration; 66.4% of cash electors get cash, ~5.94M shares to be issued
Stock election: 16.31% of shares; cash election: 75.33%; non-election: 8.36%.
NBBK announces final proration: 66.4% of PVBC cash electors get cash, balance stock
Elections: 16.31% stock, 75.33% cash, 8.36% non-election; after proration 66.377% of cash electors receive cash, 33.623% receive stock.
NB Bancorp-Provident merger to close Nov 15; election deadline Nov 7
Election deadline for Provident stockholders to choose merger consideration is 5:00 p.m. ET on Nov 7, 2025.
NB Bancorp Q3 2025 net income $15.4M ($0.43 EPS), declares $0.07 dividend
Net income $15.4M ($0.43 diluted) vs $14.6M ($0.39) prior quarter; operating net income $16.0M ($0.45) excluding $994K merger costs for Provident acquisition.
Net income $15.4M ($0.43 diluted EPS) vs $14.6M ($0.39) prior quarter; operating net income $16.0M ($0.45).
NB Bancorp receives all regulatory approvals for Provident Bancorp acquisition; closing Nov 14, 2025
All regulatory approvals for Needham's acquisition of Provident have been received.
NB Bancorp Q2 net income $14.6M ($0.39 EPS), up 15% QoQ; initiates $0.07 dividend
Net income $14.6M ($0.39 diluted EPS) vs $12.7M ($0.33) prior Q; operating net income $15.0M ($0.40).
NB Bancorp completes stock repurchase program, repurchased 2M shares at avg $17.96
Under the plan, repurchased 2,028,522 shares (~5% of then-outstanding stock) at avg price $17.96 (incl. commission and excise tax).
Provident shareholders elect either 0.691 NBBK shares or $13.00 cash per share, subject to 50% stock/50% cash proration.
NB Bancorp to acquire Provident Bancorp; shareholders get 0.691 shares or $13 cash
Election of 0.691 NBBK shares or $13 cash per Provident share, prorated to 50% stock/50% cash.
Upon and subject to the completion of the Merger, Joseph B. Reilly, Provident’s Director, President and Chief Executive Officer will join the respective Boards of Directors of the Company and Needham Bank.
Upon and subject to the completion of the Merger, Joseph B. Reilly, Provident’s Director, President and Chief Executive Officer will join the respective Boards of Directors of the Company and Needham Bank.
Max materiality 0.85 · Median 0.65 · Most common event m_and_a