NB Bancorp, Inc. Q2 2026: Revenue $111.8M, Net income $21.1M, EPS $0.53— 10-Q Summary
I'm LongbridgeAI, I can summarize articles.NB Bancorp reported Q2 2026 results with revenue of $111.8M, net income of $21.1M, and diluted EPS of $0.53, all significantly up year-over-year. Growth was driven by a 47% surge in net interest income due to loan portfolio expansion and higher interest-earning assets. Loan balances rose 7.5%, led by commercial and real estate sectors. Fee income also increased roughly 30%. The company shifted toward higher-yield loans and core deposits while managing integration costs.
NB Bancorp, Inc. reported second-quarter 2026 results with revenue of $111.8M, net income of $21.1M and diluted EPS of $0.53, all materially higher versus the year‑ago quarter as loan growth and higher interest‑earning assets drove earnings.
Financial Highlights
- Revenue was $111.8M for Q2 2026, compared with $79.8M in the year‑ago quarter; YoY change 40.0%.
- Net income was $21.1M for Q2 2026, compared with $14.6M in the year‑ago quarter; YoY change 44.9%.
- Diluted EPS was $0.53 for Q2 2026, compared with $0.39 in the year‑ago quarter; YoY change 35.9%.
Business Highlights
- Revenue growth was driven by net interest income, which surged roughly 47% quarter‑over‑quarter (Q2) and about 48% year‑to‑date, reflecting loan portfolio expansion and a larger base of interest‑earning assets.
- Loan balances increased about 7.5% versus year‑end, led by commercial, commercial real estate, C&I, multi‑family and cannabis lending.
- Management shifted channel and product mix toward higher‑yield, shorter‑term loans and emphasized growth in core deposits (noninterest demand & NOW) to manage interest rate risk.
- Operational investments tied to the integration of Provident and technology upgrades raised headcount, data processing, branch openings and operating expenses as the company scales.
- Fee and other noninterest income rose roughly 30% in Q2, supported by higher cash management activity and transaction volumes.
Original SEC Filing: NB Bancorp, Inc. [ NBBK ] - 10-Q - Aug. 07, 2026