NB Bancorp, Inc. 1Q 2026: Net income $15M, EPS $0.38— 10-Q Summary
I'm LongbridgeAI, I can summarize articles.NB Bancorp, Inc. reported a net income of $15M and diluted EPS of $0.38 for Q1 2026, marking an 18.4% and 8.6% increase year-over-year, respectively. Revenue rose to $64.9M, a 49% increase driven by a $1.79B rise in interest-earning assets and a focus on higher-yield commercial lending. The acquisition of Provident enhanced scale and deposit balances, while investments in technology supported operational growth.
NB Bancorp, Inc. reported first-quarter 2026 results with net income of $15M and operating diluted EPS of $0.38, both higher versus the year-ago quarter as revenue increased notably on growth in interest-earning assets and loans.
Financial Highlights
- Net income was $15.0M for Q1 2026, up from $12.7M in Q1 2025; YoY change 18.4%.
- Diluted earnings per share (operating, diluted) was $0.38 for Q1 2026, up from $0.35 in Q1 2025; YoY change 8.6%.
- Revenue — Net interest income was $64.9M for Q1 2026, versus $43.5M in Q1 2025; YoY change 49.0%.
Business Highlights
- Revenue growth was driven by a $1.79B increase in average interest-earning assets and expansion of the loan portfolio.
- Management shifted mix toward higher-yield commercial lending — including commercial & industrial, construction and multi-family loans — to diversify and improve margins.
- The acquisition of Provident contributed to greater scale, higher deposit balances and increased fee income following full-quarter integration impacts.
- Continued investment in technology and data processing supported operational integration and business-line expansion.
Original SEC Filing: NB Bancorp, Inc. [ NBBK ] - 10-Q - May. 08, 2026