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what it is
NB Bancorp runs Needham Bank, taking deposits and making loans for businesses and households in Massachusetts and New Hampshire.
how it gets paid
Last year Nb Bancorp made $336M in revenue. Commercial lending was the main engine at $134M, or 40% of sales.
why it's growing
Revenue grew 14.8% last year. Revenue was up 192% vs. prior year, and EPS was up 165%.
what just happened
Revenue hit $238M, and EPS reached $1.14.
At a glance
B++ balance sheet — above average — nothing keeping you up at night
12.7x trailing p/e — the market's not buying it — or you found a deal
1.4% dividend yield — cash in your pocket every quarter
$1.07 fy2024 eps est
$6M fy2024 rev est
xvary composite: 60/100 — average
What they do
NB Bancorp runs Needham Bank, taking deposits and making loans for businesses and households in Massachusetts and New Hampshire.
Your money gets sticky when a bank has 18 branches and $5.9B in deposits. Leaving means moving accounts, loans, and bill pay, which is a headache, not a click. After the Provident deal, the bank is aiming at $7.1B in assets with 376 employees, or about $18.8M in assets per employee.
How they make money
$336M
annual revenue · their business grew +14.8% last year
Commercial lending
$134M
Residential mortgages
$74M
Deposit and service fees
$50M
Securities income
$44M
Other banking income
$34M
The products that matter
commercial and real estate lending
Commercial & Real Estate Loans
$4.3B loan book
this is the balance sheet doing the heavy lifting. it drives the bank's 3.92% net interest margin, which is where the earnings power starts and where credit mistakes show up.
core earnings engine
consumer and business funding
Consumer & Business Deposits
funds the loan book
deposits are the raw material here. cheaper funding helps keep a 3.92% margin intact. pricier funding turns a decent spread into a narrower one fast.
funding base
acquired branch and asset base
Provident acquisition
$111.8M deal
the deal closed in nov 2025. this is not a side note. if costs come out and the franchise gets stronger, the story improves. if they do not, you paid $111.8M for more moving parts.
execution watch
Key numbers
$336M
annual revenue
This is the top line. For a bank, $336M is the pool every other number drains from.
$1.64
trailing eps
EPS means earnings per share, or profit for one share. At $1.64, you can see what the stock actually earned, not what it promised.
12.7x
trailing p/e
P/E means price divided by earnings. At 12.7x, you pay $12.70 for $1 of trailing profit.
1.4%
dividend yield
Yield means cash payout as a share of price. At 1.4%, you are buying earnings power more than income.
Financial health
B++
strength
- balance sheet grade B++ — above average financial health
- risk rank 3 — safer than 50% of stocks
- price stability 75 / 100
- long-term debt $121M (11% of capital)
B++ — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for NBBK right now.
source: institutional data · return history unavailable
What just happened
beat estimates
Revenue hit $238M, and EPS reached $1.14.
Revenue was up 192% vs. prior year, and EPS was up 165%. The acquisition and a bigger balance sheet did most of the work.
$238M
revenue
$1.14
eps
192%
revenue growth
revenue jump
Revenue reached $238M, up 192% vs. prior year. That says scale, not luck, is doing the heavy lifting.
source: company earnings report, 2026
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What could go wrong
the main risk is specific, not abstract: NBBK paid $111.8M for Provident right before showing a quarter with only $7.7M of net income. that deal now has to improve the earnings line, not just enlarge the balance sheet.
high
post-acquisition integration
The deal closed in nov 2025. Systems, branches, credit culture, and costs now have to come together. If the expense base stays stubborn, you are left with the same earnings problem plus more complexity.
$111.8M is the price tag on this execution test.
high
profit line still broken despite better margin
Quarterly net income fell to $7.7M from $15.4M even as net interest margin improved to 3.92%. That is the contradiction at the center of the stock. If it repeats, the market stops treating this like temporary noise.
A repeat of that 50% drop overwhelms the benefit of a 1.4% dividend fast.
med
funding cost and credit sensitivity
A regional bank lives on spread and credit quality. With 56% of revenue tied to net interest income and a $4.3B loan book on the line, pricier funding or weaker credit hits earnings quickly.
This risk touches the main revenue engine, not a side business.
low
thin external coverage
This is a small-cap bank with sparse target data and light published coverage. When outside coverage is thin, you rely more on the filings and less on narrative support from the sell side.
Translation: the next earnings release matters more than any brokerage headline.
The risk picture is blunt: a $111.8M acquisition now has to lift earnings power in a bank that just printed $7.7M of quarterly profit.
source: institutional data · regulatory filings · risk analysis
Pay attention to
earnings
Q1 2026 earnings report
Scheduled for april 28, 2026. This should be your first cleaner read on whether the post-deal cost story is real or just a slide deck story.
metric
net interest margin
3.92% is decent, not magical. If margin improves again and profit still disappoints, the problem sits somewhere else in the model.
integration
provident cost saves
Management paid $111.8M for scale. You should expect visible evidence that overlapping costs are coming out next.
capital return
share repurchase execution
The buyback matters most if the bank repurchases while the stock trades near 12.7x earnings and the balance sheet stays steady.
Analyst rankings
coverage depth
thin
in human-speak, wall street is not spending much time on this name.
signal quality
earnings-led
With sparse published rankings, the quarterly numbers matter more than consensus storytelling.
what matters next
integration
The next few quarters should tell you more than a brokerage score will.
source: institutional data
Institutional activity
institutional ownership data for NBBK is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$20
current price
n/a
target midpoint · n/a from current
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