NB Bancorp, Inc.

For the period ended Mar 31, 2026. Filed May 8, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2026 · Filed May 8, 2026

NBBK$22.34+1.1%Stored close · as of Nov 9, 2026

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Contents

Index

		Page
Part I. Financial Information

Item 1.	Consolidated Financial Statements

	Consolidated Balance Sheets as of March 31, 2026 (unaudited) and December 31, 2025	1

	Consolidated Statements of Income for the Three Months Ended March 31, 2026 and 2025 (unaudited)	2

	Consolidated Statements of Comprehensive Income for the Three Months Ended March 31, 2026 and 2025 (unaudited)	3

	Consolidated Statements of Changes in Shareholders’ Equity for the Three Months Ended March 31, 2026 and 2025 (unaudited)	4

	Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2026 and 2025 (unaudited)	5

	Notes to Consolidated Financial Statements (unaudited)	7

Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	37

Item 3.	Quantitative and Qualitative Disclosures about Market Risk	49

Item 4.	Controls and Procedures	49

Part II. Other Information

Item 1.	Legal Proceedings	49

Item 1A.	Risk Factors	49

Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	49

Item 3.	Defaults upon Senior Securities	49

Item 4.	Mine Safety Disclosures	49

Item 5.	Other Information	50

Item 6.	Exhibits	50

	Signature Page	51


Part I. – Financial Information

Item 1. Financial Statements

NB Bancorp, Inc.
Consolidated Balance Sheets
March 31, 2026 (Unaudited) and December 31, 2025
(in thousands except share and per share data)

· · March 31, 2026 · · December 31, 2025
Assets
Cash and due from banks	$327,739	$325,711
Federal funds sold	47,618	81,885
Total cash and cash equivalents	375,357	407,596

Available-for-sale securities, at fair value	277,241	268,959

Loans held for sale, at fair value	63,971	66,447

Loans receivable, net of deferred fees	6,209,910	5,986,140
Allowance for credit losses	(80,195)	(87,411)
Net loans	6,129,715	5,898,729

Accrued interest receivable	27,150	25,390
Banking premises and equipment, net	47,335	46,209
Non-public investments	40,738	33,740
Bank-owned life insurance ("BOLI")	110,586	104,335
Prepaid expenses and other assets	67,749	68,079
Goodwill	18,512	18,512
Core deposit intangible, net	18,411	19,303
Deferred income tax asset, net	49,672	48,831
Total assets	$7,226,437	$7,006,130

Liabilities and shareholders' equity
Deposits
Core deposits	$5,526,936	$5,317,853
Brokered deposits	570,052	535,681
Total deposits	6,096,988	5,853,534
Mortgagors' escrow accounts	4,858	5,193
Federal Home Loan Bank ("FHLB") borrowings	189,701	196,235
Accrued expenses and other liabilities	70,983	70,716
Accrued retirement liabilities	21,129	21,520
Total liabilities	6,383,659	6,147,198

Shareholders' equity:
Preferred stock, $0.01 par value, 5,000,000 shares authorized; no shares issued and outstanding	—	—
Common stock, $0.01 par value, 120,000,000 shares authorized; 44,765,178 and 45,770,128
shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively	448	458
Additional paid-in capital	432,858	458,864
Unallocated common shares held by the Employee Stock Ownership Plan ("ESOP")	(41,873)	(42,454)
Retained earnings	456,978	445,200
Accumulated other comprehensive loss	(5,633)	(3,136)
Total shareholders' equity	842,778	858,932
Total liabilities and shareholders' equity	$7,226,437	$7,006,130

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