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.
NB Bancorp, Inc. (NASDAQ: NBBK) is the bank holding company for Needham Bank, a community-focused institution headquartered in Needham, Massachusetts. This news page aggregates company announcements, earnings releases and transaction updates so readers can follow developments affecting NBBK and its banking subsidiary.
Recent news for NB Bancorp has included detailed quarterly financial results, covering net interest income, net interest margin, loan and deposit growth, noninterest income and noninterest expense. The company has reported on changes in its commercial real estate, multi-family, construction and land development, commercial and industrial and consumer loan portfolios, as well as on asset quality metrics such as the allowance for credit losses, non-performing loans and net charge-offs or recoveries.
A major news theme for NBBK has been its merger activity with Provident Bancorp, Inc. and BankProv. Press releases and related SEC filings describe the Agreement and Plan of Merger signed on June 5, 2025, the mailing of stock and cash election materials to Provident shareholders, the receipt of all required regulatory approvals, confirmation of the election deadline, final proration of merger consideration and the closing of the merger transaction on November 15, 2025. These items explain the stock and cash consideration structure, allocation and proration procedures and the expected expansion of NB Bancorp’s footprint into the North Shore of Massachusetts and Southern New Hampshire.
Investors and observers can also find news about NB Bancorp’s capital management decisions, including the commencement of additional share repurchase plans and the declaration of quarterly cash dividends. Together, these updates provide a view into how the company approaches shareholder returns, balance sheet management and strategic growth. This page offers a centralized stream of such disclosures, allowing readers to review historical and ongoing news related to NBBK.
NB Bancorp (NASDAQ: NBBK) and Provident Bancorp (NASDAQ: PVBC) completed their merger transaction, effective shortly after midnight Eastern Time on November 15, 2025. The closing consummates the Merger, Holdco Merger and Bank Merger, with Needham as the surviving holding company and Needham Bank as the surviving bank.
Key operational steps include the conversion of BankProv products to Needham Bank products during the weekend beginning November 15, 2025, and the delisting of Provident common stock following the close of trading on November 14, 2025. Needham appointed Joseph B. Reilly to its board and cautioned that forward-looking statements involve risks and uncertainties affecting the combined companies.
NB Bancorp (NASDAQ: NBBK) and Provident Bancorp (NASDAQ: PVBC) announced final proration results for their merger, effective November 15, 2025 at 12:01 a.m. ET. Shareholders of Provident could elect 0.691 Needham shares per PVBC share or $13.00 cash. Approximately 16.31% of shares elected stock, 75.33% elected cash and 8.36% made no election. After proration, ~5,944,350 Needham shares are expected to be issued, producing a pro forma total of ~45,770,800 Needham shares outstanding.
NB Bancorp (Nasdaq: NBBK) and Provident Bancorp (Nasdaq: PVBC) confirmed the stockholder Election Deadline of 5:00 p.m. ET on November 7, 2025 for Provident holders to choose merger consideration.
Provident shares will be converted at the Effective Time into either 0.691 shares of Needham common stock per PVBC share or $13.00 cash per PVBC share, subject to allocation, proration and procedures in the merger agreement. The Merger is expected to become effective shortly after midnight ET on November 15, 2025, with BankProv systems converting over the weekend beginning that day. November 14, 2025 is the last trading day for PVBC common stock.
NB Bancorp (Nasdaq: NBBK) reported Q3 2025 net income of $15.4M ($0.43 diluted) and operating net income of $16.0M ($0.45 diluted). Loans rose $175.0M (+3.9% QoQ) to $4.72B and deposits rose $297.6M (+7.0% QoQ) to $4.57B. Net interest margin compressed 4 bps to 3.78%. The Board declared a quarterly cash dividend of $0.07 per share payable Nov 19, 2025.
The release notes one-time pre-tax merger costs of $994k, state tax expenses of $561k, repurchase of 921,934 shares for $17.5M, tangible book value per share of $18.48, and a pending acquisition of Provident with an expected closing on Nov 14, 2025.
NB Bancorp (Nasdaq: NBBK) reported Q3 2025 net income $15.4M or $0.43 diluted EPS and operating net income $16.0M or $0.45 per diluted share. Loans rose $175.0M (3.9%) to $4.72B and deposits increased $297.6M (7.0%) to $4.57B. Net interest margin compressed 4 bps to 3.78%. One-time pre-tax costs included $994k of merger and acquisition expenses and $561k of state tax items.
The board declared a quarterly cash dividend of $0.07 per share payable Nov 19, 2025, record date Nov 5, 2025. The company expects the Provident acquisition to close and convert on Nov 14, 2025.
NB Bancorp (NASDAQ: NBBK) and Provident Bancorp (NASDAQ: PVBC) announced that all regulatory approvals required to complete their previously announced merger have been received.
The companies said the proposed merger, first announced June 5, 2025, is expected to close on or about November 14, 2025, subject to customary closing conditions. Provident stockholders approved the merger on September 16, 2025. Management highlighted expansion of Needham's footprint and continuity of community-banking products and services.
Needham (NASDAQ: NBBK) and Provident (NASDAQ: PVBC) announced that all required regulatory approvals have been received for Needham's proposed acquisition of Provident, originally announced June 5, 2025.
The companies said the Merger is expected to close on or about November 14, 2025, subject to customary closing conditions; Provident stockholders previously approved the Merger on September 16, 2025. Management highlighted combined-market expansion and continuity of community-banking services.
NB Bancorp (Nasdaq: NBBK) and Provident Bancorp (Nasdaq: PVBC) distributed stock/cash Election Materials to Provident shareholders for the pending merger.
At the Effective Time, each Provident share will convert into either 0.691 shares of Needham common stock or $13.00 cash (or a combination), subject to a 50% stock / 50% cash allocation and proration. Provident stockholders must submit elections by the Election Deadline (anticipated 5:00 p.m. ET on November 7, 2025); ESOP/401(k) participants deadline is October 31, 2025. Needham expects the Merger to become effective on November 15, 2025, pending regulatory approvals.
NB Bancorp (NASDAQ:NBBK) reported strong Q2 2025 financial results with net income of $14.6 million ($0.39 per diluted share), up from $12.7 million in Q1. Operating net income reached $15.0 million ($0.40 per diluted share), excluding merger costs related to the pending Provident Bancorp acquisition.
Key highlights include: net interest margin expansion to 3.82% (up 21 basis points), loan growth of 6.8% annualized to $4.54 billion, and initiation of a quarterly cash dividend of $0.07 per share. The company also repurchased over 1.1 million shares at an average price of $17.08.
The bank's asset quality remained strong with an allowance for credit losses of 0.94% of total loans, while non-performing loans slightly increased to $12.5 million. The pending Provident acquisition is expected to close in Q4 2025.
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