--- title: "NB Bancorp | 8-K: FY2026 Q1 Revenue: USD 69.38 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/283721200.md" datetime: "2026-04-22T20:38:39.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/283721200.md) - [en](https://longbridge.com/en/news/283721200.md) - [zh-HK](https://longbridge.com/zh-HK/news/283721200.md) --- # NB Bancorp | 8-K: FY2026 Q1 Revenue: USD 69.38 M Revenue: As of FY2026 Q1, the actual value is USD 69.38 M. EPS: As of FY2026 Q1, the actual value is USD 0.36, missing the estimate of USD 0.535. EBIT: As of FY2026 Q1, the actual value is USD -44.52 M. NB Bancorp, Inc. reported a net income of $15.0 million for the first quarter of 2026, marking a significant increase from $7.7 million in the prior quarter . Operating net income, excluding one-time charges, was $15.8 million, a decrease from $21.2 million in the prior quarter, primarily due to trailing merger and acquisition costs of $534 thousand (pre-tax) and non-recurring fees for business line expansion of $500 thousand (pre-tax) . #### Revenue Net interest income for the current quarter was $64.9 million, an increase of $6.1 million, or 10.4%, from $58.8 million in the prior quarter . Noninterest income was $4.5 million, up $111 thousand, or 2.5%, from $4.4 million in the prior quarter . Customer service fees increased by $235 thousand, or 8.1%, to $3.1 million, while swap contract income decreased by - $476 thousand, or -70.3%, to $201 thousand . #### Operational Costs and Expenses Noninterest expense for the current quarter was $42.7 million, a decrease of - $6.6 million, or -13.4%, from $49.3 million in the prior quarter . This decrease was primarily driven by merger and acquisition expenses falling by - $15.2 million, or -96.6%, to $534 thousand . Conversely, salaries and employee benefits expenses increased by $4.3 million, or 20.5%, to $25.5 million . Director and professional service fees rose by $1.5 million, or 62.0%, to $4.0 million, including a $500 thousand one-time business expansion fee . Data processing expenses increased by $1.1 million, or 32.7%, to $4.4 million . #### Asset and Deposit Growth Total assets increased by $220.3 million, or 3.1%, to $7.23 billion as of March 31, 2026, from $7.01 billion as of December 31, 2025 . Gross loans increased by $223.8 million, or 3.7%, to $6.21 billion, and net loans increased by $231.0 million, or 3.9%, to $6.13 billion . Total deposits increased by $243.5 million, or 4.2%, to $6.10 billion . Core deposits rose by $209.1 million, or 3.9%, to $5.53 billion, and brokered deposits increased by $34.4 million, or 6.4%, to $570.1 million . Commercial real estate loans increased by $21.5 million, or 0.9%, to $2.46 billion, and multi-family residential loans increased by $20.6 million, or 4.0%, to $538.2 million . Cannabis facility commercial real estate loans decreased by - $1.2 million, or -0.6%, to $213.8 million . #### Asset Quality Provision for credit losses increased by $7.4 million, or 695.9%, to $6.3 million for the current quarter, compared to a release of - $1.1 million in the prior quarter . The allowance for credit losses (ACL) amounted to $80.2 million, or 1.29% of total loans, as of March 31, 2026, down from $87.4 million, or 1.46% of total loans, at December 31, 2025 . Non-performing loans (NPLs) totaled $45.6 million, an increase of $2.2 million, or 5.1%, from $43.4 million at the end of the prior quarter . Total net charge-offs were $13.6 million, or -0.91% of average total loans on an annualized basis, an increase from $4.4 million, or -0.32%, in the prior quarter . #### Capital and Dividends Shareholders’ equity decreased by - $16.2 million, or -1.9%, to $842.8 million from $858.9 million, primarily due to the repurchase of 1,288,509 shares for $27.8 million and $3.2 million in dividends paid, partially offset by net income . Book value per share was $18.83, and tangible book value per share was $18.00, compared to $18.77 and $17.94, respectively, in the prior quarter . The Board of Directors declared a quarterly cash dividend of $0.07 per share . #### Outlook / Guidance NB Bancorp, Inc. anticipates that strategic investments in technology infrastructure and expanded cash management and payments capabilities will drive substantial benefits for both customers and shareholders beginning in the second half of 2026 . 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