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NB Bancorp Financials

NBBK
Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows NB Bancorp (NBBK) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 48 / 100
Financial Profile 48/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth
100

NB Bancorp's revenue surged 31.7% year-over-year to $292.5M, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Leverage
0

NB Bancorp has elevated debt relative to equity (D/E of 5.74), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Cash Flow
70

NB Bancorp converts 14.1% of revenue into free cash flow ($41.3M). This strong cash generation earns a score of 70/100.

Returns
22

NB Bancorp generates a 5.5% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 22/100. This is up from 1.3% the prior year.

Piotroski F-Score Neutral
5/9

NB Bancorp passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Cash-Backed
1.02x

For every $1 of reported earnings, NB Bancorp generates $1.02 in operating cash flow ($43.2M OCF vs $42.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Revenue
$292.5M
YoY+31.7%

NB Bancorp generated $292.5M in revenue in fiscal year 2024. This represents an increase of 31.7% from the prior year.

EBITDA
N/A
Free Cash Flow
$41.3M
YoY-17.6%

NB Bancorp generated $41.3M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 17.6% from the prior year.

Net Income
$42.1M
YoY+329.0%

NB Bancorp reported $42.1M in net income in fiscal year 2024. This represents an increase of 329.0% from the prior year.

EPS (Diluted)
$1.07
YoY+365.2%

NB Bancorp earned $1.07 per diluted share (EPS) in fiscal year 2024. This represents an increase of 365.2% from the prior year.

Cash & Debt
$363.9M
YoY+33.5%

NB Bancorp held $363.9M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share
N/A
Shares Outstanding
43M

NB Bancorp had 43M shares outstanding in fiscal year 2024.

Gross Margin
N/A
Operating Margin
N/A
Net Margin
14.4%
YoY+10.0pp

NB Bancorp's net profit margin was 14.4% in fiscal year 2024, showing the share of revenue converted to profit. This is up 10.0 percentage points from the prior year.

Return on Equity
5.5%
YoY+4.2pp

NB Bancorp's ROE was 5.5% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 4.2 percentage points from the prior year.

R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
$1.9M
YoY-32.4%

NB Bancorp invested $1.9M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 32.4% from the prior year.

NBBK Income Statement

Metric Q3'25 Q2'25 Q1'25 Q3'24 Q2'24 Q1'24 Q4'23 Q3'23
Revenue $81.7M+2.3% $79.8M+3.9% $76.9M-0.4% $77.2M+8.5% $71.1M+4.3% $68.2M+6.1% $64.3M+7.9% $59.6M
Cost of Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Gross Profit N/A N/A N/A N/A N/A N/A N/A N/A
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $1.5M-0.3% $1.5M+8.2% $1.4M-22.7% $1.8M+4.5% $1.7M+1.3% $1.7M-18.8% $2.0M+47.2% $1.4M
Operating Income N/A N/A N/A N/A N/A N/A N/A N/A
Interest Expense $33.5M+2.0% $32.8M-1.5% $33.3M+136.1% -$92.2M-384.7% $32.4M+9.6% $29.6M+1.8% $29.0M+11.1% $26.1M
Income Tax $4.6M+11.1% $4.1M-15.8% $4.9M+34.1% $3.7M+54.7% $2.4M-31.1% $3.4M+152.6% -$6.5M-310.9% $3.1M
Net Income $15.4M+5.4% $14.6M+15.2% $12.7M-18.9% $15.6M+65.2% $9.5M+8.6% $8.7M+163.9% -$13.6M-260.8% $8.5M
EPS (Diluted) $0.43+10.3% $0.39+18.2% $0.33-17.5% $0.40+66.7% $0.24+9.1% $0.22 N/A N/A

NBBK Balance Sheet

Metric Q3'25 Q2'25 Q1'25 Q3'24 Q2'24 Q1'24 Q4'23 Q3'23
Total Assets $5.4B+4.1% $5.2B-0.3% $5.2B+1.6% $5.2B+7.3% $4.8B+3.3% $4.7B+2.6% $4.5B+7.1% $4.2B
Current Assets N/A N/A N/A N/A N/A N/A N/A N/A
Cash & Equivalents $295.4M+14.2% $258.7M-17.5% $313.4M-13.9% $363.9M+10.6% $328.9M+4.4% $315.0M+15.6% $272.6M+103.7% $133.8M
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable N/A N/A N/A N/A N/A N/A N/A N/A
Goodwill N/A N/A N/A N/A N/A N/A N/A N/A
Total Liabilities $4.7B+4.8% $4.5B-0.3% $4.5B+2.5% $4.4B+8.2% $4.1B+3.7% $3.9B+3.7% $3.8B-2.3% $3.9B
Current Liabilities N/A N/A N/A N/A N/A N/A N/A N/A
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A N/A
Total Equity $737.0M0.0% $737.1M-0.3% $739.6M-3.3% $765.2M+4.2% $734.3M+0.1% $733.8M-3.2% $758.0M+107.3% $365.7M
Retained Earnings $440.3M+2.9% $427.7M+3.5% $413.1M+3.2% $400.5M+4.2% $384.3M+2.5% $374.9M+2.4% $366.2M-3.6% $379.8M

NBBK Cash Flow Statement

Metric Q3'25 Q2'25 Q1'25 Q3'24 Q2'24 Q1'24 Q4'23 Q3'23
Operating Cash Flow $24.2M-10.3% $27.0M+171.8% $9.9M-53.2% $21.3M-13.9% $24.7M+316.5% -$11.4M-186.3% $13.2M-19.4% $16.4M
Capital Expenditures $304K-68.0% $949K+778.7% $108K-80.6% $558K-37.4% $891K+230.0% $270K+13.0% $239K-63.6% $656K
Free Cash Flow $23.9M-8.2% $26.1M+165.1% $9.8M-52.5% $20.7M-13.0% $23.8M+303.9% -$11.7M-190.0% $13.0M-17.6% $15.7M
Investing Cash Flow -$179.1M-339.7% -$40.7M+70.6% -$138.5M-21.4% -$114.1M+27.0% -$156.4M-109.5% -$74.6M+55.3% -$166.9M+6.9% -$179.3M
Financing Cash Flow $191.6M+566.7% -$41.0M-152.5% $78.2M-44.0% $139.7M-4.1% $145.6M+13.3% $128.5M-56.1% $292.4M+59.6% $183.2M
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks $17.5M-7.2% $18.9M-53.6% $40.7M N/A N/A N/A N/A N/A

NBBK Financial Ratios

Metric Q3'25 Q2'25 Q1'25 Q3'24 Q2'24 Q1'24 Q4'23 Q3'23
Gross Margin N/A N/A N/A N/A N/A N/A N/A N/A
Operating Margin N/A N/A N/A N/A N/A N/A N/A N/A
Net Margin 18.8%+0.5pp 18.3%+1.8pp 16.5%-3.7pp 20.2%+6.9pp 13.3%+0.5pp 12.8%+33.9pp -21.2%-35.4pp 14.2%
Return on Equity 2.1%+0.1pp 2.0%+0.3pp 1.7%-0.3pp 2.0%+0.8pp 1.3%+0.1pp 1.2% N/A 2.3%
Return on Assets 0.3%0.0pp 0.3%+0.0pp 0.2%-0.1pp 0.3%+0.1pp 0.2%+0.0pp 0.2%+0.5pp -0.3%-0.5pp 0.2%
Current Ratio N/A N/A N/A N/A N/A N/A N/A N/A
Debt-to-Equity 6.38+0.3 6.090.0 6.09+0.3 5.74+0.2 5.53+0.2 5.34+0.4 4.98-5.6 10.57
FCF Margin 29.3%-3.4pp 32.7%+19.9pp 12.8%-14.0pp 26.8%-6.6pp 33.5%+50.6pp -17.1%-37.3pp 20.2%-6.2pp 26.4%

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Frequently Asked Questions

What is NB Bancorp's annual revenue?

NB Bancorp (NBBK) reported $292.5M in total revenue for fiscal year 2024. This represents a 31.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is NB Bancorp's revenue growing?

NB Bancorp (NBBK) revenue grew by 31.7% year-over-year, from $222.2M to $292.5M in fiscal year 2024.

Is NB Bancorp profitable?

Yes, NB Bancorp (NBBK) reported a net income of $42.1M in fiscal year 2024, with a net profit margin of 14.4%.

What is NB Bancorp's earnings per share (EPS)?

NB Bancorp (NBBK) reported diluted earnings per share of $1.07 for fiscal year 2024. This represents a 365.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is NB Bancorp's net profit margin?

NB Bancorp (NBBK) had a net profit margin of 14.4% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is NB Bancorp's return on equity (ROE)?

NB Bancorp (NBBK) has a return on equity of 5.5% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is NB Bancorp's free cash flow?

NB Bancorp (NBBK) generated $41.3M in free cash flow during fiscal year 2024. This represents a -17.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is NB Bancorp's operating cash flow?

NB Bancorp (NBBK) generated $43.2M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are NB Bancorp's total assets?

NB Bancorp (NBBK) had $5.2B in total assets as of fiscal year 2024, including both current and long-term assets.

What are NB Bancorp's capital expenditures?

NB Bancorp (NBBK) invested $1.9M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does NB Bancorp have outstanding?

NB Bancorp (NBBK) had 43M shares outstanding as of fiscal year 2024.

What is NB Bancorp's debt-to-equity ratio?

NB Bancorp (NBBK) had a debt-to-equity ratio of 5.74 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is NB Bancorp's return on assets (ROA)?

NB Bancorp (NBBK) had a return on assets of 0.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is NB Bancorp's Piotroski F-Score?

NB Bancorp (NBBK) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are NB Bancorp's earnings high quality?

NB Bancorp (NBBK) has an earnings quality ratio of 1.02x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is NB Bancorp?

NB Bancorp (NBBK) scores 48 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.