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NB Bancorp, Inc. - $NBBK STOCK NEWS

Welcome to our dedicated page for NB Bancorp news (Ticker: $NBBK), a resource for investors and traders seeking the latest updates and insights on NB Bancorp stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect NB Bancorp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of NB Bancorp's position in the market.

Rhea-AI Summary
NB Bancorp, Inc. reported strong financial results for the first quarter of 2024, with a net income of $8.7 million and gross loans increasing by $65.3 million. The net interest margin increased to 3.60%, and the asset quality remained robust with low charge-offs and non-performing loans. Total deposits grew by $384.7 million, showing a healthy increase in core deposits. Shareholders' equity stood at $733.8 million, and net interest income saw a significant rise of 9.5%. The Company's commercial real estate portfolio also showed growth, with $136.7 million increase in loans. Overall, the Company's performance indicates a positive outlook for future growth and market positioning.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.82%
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Rhea-AI Summary
NB Bancorp, Inc. announced its 2023 financial results, revealing net income of $9.8 million after one-time expenses. The IPO raised transformative capital for growth. Total assets increased by 26.2% to $4.53 billion, with net loans growing by 29.0%. Net interest income rose by 23.9% to $130.1 million. Noninterest income increased by 67.9% to $15.6 million. Noninterest expense surged by 68.5% to $119.9 million, including one-time costs. The allowance for credit losses was $32.2 million, with non-performing loans at $10.8 million. The 2024 annual meeting of shareholders is set for May 22, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.21%
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NB Bancorp, Inc.

Nasdaq:NBBK

NBBK Rankings

NBBK Stock Data

637.17M
42.71M
Savings Institutions, Not Federally Chartered
United States of America
NEEDHAM