NB Bancorp Reports Q1 2025 Financial Results with Net Interest Margin Expansion and Share Repurchases

NBBK
September 20, 2025
NB Bancorp, Inc. announced its first quarter 2025 financial results, reporting net income of $12.7 million, or $0.33 per diluted common share. The company's operating net income, excluding one-time charges, amounted to $13.7 million, or $0.35 per diluted common share, showing an increase from the prior quarter's operating net income. Total revenue for the quarter reached US$46.2 million, representing a 23% increase from the first quarter of 2024. Net interest income was $43.5 million, an increase of 2.4% from the prior quarter, with the net interest margin expanding by nine basis points to 3.61%. The company's balance sheet showed growth, with total assets amounting to $5.24 billion as of March 31, 2025, an increase of 1.6% from December 31, 2024. Deposits grew by $149.0 million, or 3.6%, while net loans increased by $131.8 million, or 3.1%. NB Bancorp also continued its capital management efforts, repurchasing 5% of its outstanding shares during the quarter at an all-in weighted average cost of $19.06 per share. Tangible book value ended the quarter at $18.20, growing by $0.31, or 1.7%, during the period. The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.