NB Bancorp (NBBK) investor relations material

Executive summary

• Net income rose to $15.0 million ($0.36 per diluted share) from $7.7 million ($0.19 per share) in the prior quarter, reflecting a strong post-acquisition quarter.

• Operating net income, excluding one-time charges, was $15.8 million ($0.38 per share), down from $21.2 million ($0.51 per share) in the prior quarter due to prior quarter's higher non-recurring items.

• Successful integration of Provident Bancorp, with strategic investments in technology and business line expansion expected to drive growth in the second half of 2026.

• Quarterly cash dividend of $0.07 per share declared, payable May 20, 2026.

Financial highlights

• Net interest income increased 10.4% to $64.9 million from $58.8 million sequentially.

• Net interest margin expanded to 3.94% from 3.92% in the prior quarter and 3.61% a year ago.

• Gross loans grew 3.7% to $6.21 billion; total deposits rose 4.2% to $6.10 billion sequentially.

• Book value per share was $18.83; tangible book value per share was $18.00.

• Return on average assets was 0.87%; operating return on average equity was 7.43%.

Outlook and guidance

• Strategic investments in technology and systems are expected to yield substantial benefits for customers and shareholders starting in the second half of 2026.

• Management anticipates ongoing growth in loans and deposits as business and consumer relationships deepen.