Earnings summaries and quarterly performance for NB Bancorp.
Executive leadership at NB Bancorp.
Joseph Campanelli
Detailed
Chief Executive Officer
CEO
CR
Christine Roberts
Detailed
Chief Operating Officer
JD
James Daley
Detailed
Executive Vice President and Director of Commercial and Industrial Lending
JW
James White
Detailed
Chief Administrative Officer
JL
JP Lapointe
Detailed
Chief Financial Officer
KH
Kevin Henkin
Detailed
Chief Credit Officer
MS
Michael Sinclair
Detailed
Executive Vice President – Residential and Consumer Lending
PE
Paul Evangelista
Detailed
Executive Vice President and Director of Consumer Payments
PB
Peter Bakkala
Detailed
Chief Risk Officer
SM
Stephanie Maiona
Detailed
Executive Vice President and Senior Commercial Lender
Board of directors at NB Bancorp.
AJ
Angela Jackson
Detailed
Director
CL
Christopher Lynch
Detailed
Director
FO
Francis Orfanello
Detailed
Lead Independent Director
HP
Hope Pascucci
Detailed
Director
JN
Joseph Nolan
Detailed
Director
JR
Joseph Reilly
Detailed
Director
KM
Kenneth Montgomery
Detailed
Director
MW
Mark Whalen
Detailed
Director
PA
Paul Ayoub
Detailed
Director
RS
Raza Shaikh
Detailed
Director
SE
Susan Elliott
Detailed
Director
WD
William Darcey
Detailed
Director
Research analysts covering NB Bancorp.
Recent press releases and 8-K filings for NBBK.
NB Bancorp, Inc. Reports Q4 2025 Financial Results and Impact of BankProv Acquisition
NBBK
Earnings
M&A
- NB Bancorp, Inc. reported operating net income of $21.2 million and operating diluted earnings per share of $0.51 for the fourth quarter of 2025.
- The BankProv acquisition, which closed on November 15, 2025, significantly impacted Q4 2025 results, contributing $1.23 billion to gross loans and $1.01 billion to core deposits.
- As of Q4 2025, the company's balance sheet showed total assets of $7.0 billion, total gross loans of $6.0 billion, and total deposits of $5.9 billion.
- Asset quality remained strong with annualized Q4 net charge-offs of 0.32% of average total loans and a tangible shareholders' equity to tangible assets ratio of 11.8%.
3 days ago
NB Bancorp, Inc. Reports Q4 2025 Results, Completes Acquisition, Declares Dividend, and Announces Share Repurchase
NBBK
Earnings
M&A
Share Buyback
- NB Bancorp, Inc. reported net income of $7.7 million, or $0.19 per diluted common share, and operating net income of $21.2 million, or $0.51 per diluted common share, for the fourth quarter of 2025.
- The company completed its acquisition of Provident Bancorp, Inc. on November 15, 2025, which added approximately $1.42 billion of total assets, $1.23 billion of total loans, and $1.13 billion in total deposits.
- Total assets increased to $7.01 billion as of December 31, 2025, a 28.7% increase from September 30, 2025, while total deposits grew 28.2% to $5.85 billion.
- The company adopted a stock repurchase program for up to 2,288,509 shares (approximately 5.0% of outstanding shares) and declared a quarterly cash dividend of $0.07 per share.
Jan 22, 2026, 9:20 PM
NB Bancorp, Inc. Reports Q4 2025 Financial Results, Declares Dividend, and Announces Share Repurchase Plan
NBBK
Earnings
Dividends
Share Buyback
- NB Bancorp, Inc. reported net income of $7.7 million, or $0.19 per diluted common share, for Q4 2025, compared to $15.4 million, or $0.43 per diluted common share, for the prior quarter. Operating net income for Q4 2025 was $21.2 million, or $0.51 per diluted common share.
- The company completed its acquisition of Provident Bancorp, Inc. on November 15, 2025, which added approximately $1.42 billion of total assets, $1.23 billion of total loans, and $1.13 billion in total deposits. Merger and acquisition costs related to this acquisition amounted to $15.7 million (pre-tax) in Q4 2025.
- A stock repurchase program was adopted for up to 2,288,509 shares of the company's common stock, representing approximately 5.0% of currently outstanding shares.
- The Board of Directors declared a quarterly cash dividend of $0.07 per share, payable on February 19, 2026, to shareholders of record as of February 5, 2026.
Jan 22, 2026, 9:16 PM
NB Bancorp, Inc. and Provident Bancorp, Inc. Announce Merger Closing
NBBK
M&A
Board Change
Delisting/Listing Issues
- NB Bancorp, Inc. and Provident Bancorp, Inc. jointly announced the closing of their merger, with all closing conditions satisfied.
- The merger transaction, which includes the merger of BankProv into Needham Bank, will become effective shortly after midnight Eastern Time on November 15, 2025.
- Joseph B. Reilly has been appointed as a director of Needham and Needham Bank, effective upon the merger's completion.
- Provident common stock will be delisted from the NASDAQ Global Select Market following the close of trading on November 14, 2025.
Nov 14, 2025, 9:33 PM
NB Bancorp, Inc. Reports Q3 2025 Financial Results and Provides Operational Update
NBBK
Earnings
M&A
- NB Bancorp, Inc. reported GAAP net income of $15.4 million, or $0.43 per diluted share, for the third quarter of 2025.
- As of Q3 2025, the company's total assets were $5.44 billion, total gross loans were $4.72 billion, and total deposits stood at $4.56 billion.
- The company incurred $994 thousand in acquisition costs during Q3 2025 related to the pending BankProv acquisition, which is expected to close in Q4 2025.
- As of September 30, 2025, NB Bancorp, Inc. had $418.6 million in outstanding loans to cannabis businesses and $466.8 million in cannabis deposits.
Nov 4, 2025, 3:00 PM
NB Bancorp and Provident Bancorp Announce Merger Election Deadline and Expected Closing Date
NBBK
M&A
- NB Bancorp, Inc. and Provident Bancorp, Inc. have confirmed the Election Deadline for Provident common stock holders to choose their merger consideration as 5:00 p.m. (Eastern Time) on November 7, 2025.
- The merger of Provident with and into Needham is expected to become effective shortly after midnight (Eastern Time) on November 15, 2025.
- Provident common stock holders can elect to receive either 0.691 shares of Needham common stock or $13.00 in cash per share of Provident common stock.
- November 14, 2025 will be the last day Provident common stock will trade.
Oct 31, 2025, 8:22 PM
NB Bancorp and Provident Bancorp Receive Regulatory Approvals for Merger
NBBK
M&A
- NB Bancorp, Inc. and Provident Bancorp, Inc. have received all required regulatory approvals for their proposed merger.
- The merger is now expected to be completed on or about November 14, 2025, contingent on the satisfaction of remaining customary closing conditions.
- Provident stockholders previously approved the merger on September 16, 2025.
Oct 20, 2025, 8:26 PM
NB Bancorp and Provident Bancorp Announce Regulatory Approvals and Anticipated Merger Closing Date
NBBK
M&A
- NB Bancorp, Inc. (NBBK) and Provident Bancorp, Inc. (PVBC) have received all required regulatory approvals for their proposed merger.
- The merger, which was previously announced on June 5, 2025, is now expected to be completed on or about November 14, 2025.
- Provident stockholders approved the merger on September 16, 2025.
Oct 20, 2025, 8:20 PM
NB Bancorp and Provident Bancorp Announce Merger Election Form Mailing
NBBK
M&A
Proxy Vote Outcomes
- NB Bancorp, Inc. and Provident Bancorp, Inc. announced the distribution of stock/cash election forms to Provident stockholders for their pending merger.
- Provident stockholders can elect to receive either 0.691 shares of Needham common stock or $13.00 in cash per share, or a combination, with the merger agreement ensuring a 50% stock and 50% cash allocation of Provident common stock.
- The election deadline for Provident stockholders is anticipated to be 5:00 p.m. Eastern Time on November 7, 2025, with an earlier deadline of October 31, 2025, for ESOP and 401(k) plan participants.
- The Merger Transaction is anticipated to become effective on November 15, 2025, following expected regulatory approvals by November 14, 2025.
Oct 8, 2025, 1:05 PM
NB Bancorp and Provident Bancorp announce election form distribution for merger
NBBK
M&A
Proxy Vote Outcomes
- NB Bancorp, Inc. (Needham) and Provident Bancorp, Inc. (Provident) have distributed election forms to Provident common stockholders for the pending merger between the two companies.
- Provident stockholders may elect to receive either 0.691 shares of Needham common stock per share of Provident common stock (Stock Consideration) or $13.00 in cash per share of Provident common stock (Cash Consideration), or a combination of both.
- The allocation and proration provisions ensure that 50% of Provident common stock will receive Stock Consideration and 50% will receive Cash Consideration.
- The anticipated election deadline for Provident stockholders is November 7, 2025, at 5:00 p.m. (Eastern Time), and the Merger Transaction is expected to become effective on November 15, 2025.
Oct 8, 2025, 12:30 PM
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