NB Bancorp (NBBK) investor relations material

Executive summary

• Net income for Q2 2026 was $21.1 million ($0.53 per diluted share), up from $15.0 million ($0.36 per share) in Q1 2026, with operating net income at $21.9 million ($0.55 per share).

• Return on average assets rose to 1.17% and return on average equity to 10.03%, both higher than the prior quarter.

• Total loans increased 3.4% and total deposits grew 3.7% sequentially; annualized growth for the first half of 2026 was 15.0% for loans and 15.9% for deposits.

• The board declared a $0.07 per share quarterly cash dividend, payable August 19, 2026.

Financial highlights

• Net interest income rose 6.6% to $69.1 million; net interest margin expanded by 7 bps to 4.00%.

• Noninterest income increased 23.2% to $5.6 million, driven by higher customer service fees and other income.

• Noninterest expense increased 3.1% to $44.0 million, with notable rises in marketing, data processing, and insurance assessments.

• Efficiency ratio improved to 58.92% from 61.55% in Q1 2026; operating efficiency ratio improved to 57.66%.

• Book value per share rose to $19.22; tangible book value per share to $18.51.

Outlook and guidance

• Management emphasized continued investment in technology, AI, and operational capabilities to support scalable, profitable growth.

• The company expects to maintain disciplined growth, strong credit performance, and enhanced customer experience.