NBBK

MKT CAP:$744M

NB Bancorp, Inc. Common Stock

Market Cap

$744M

Financial Services·Banks - Regional·🇺🇸 United States·NASDAQ

Financials·Banks - Regional·🇺🇸·NASDAQ

Stock Price

$21.45+$1.92 (+9.83%)

Apr 22, 2026

Company Details

NB Bancorp, Inc. focuses on operating as a bank holding company for Needham Bank that provides various banking products and services in Greater Boston metropolitan area and surrounding communities in Massachusetts, eastern Connecticut, sout...

CEO

Joseph Campanelli

IPO Date

Dec 29, 2023

Website

www.needhambank.com

Key Metrics TTM

Revenue

$342M

+9.3% YoY

Net Income

$53M

EPS (Diluted)

$1.37

Free Cash Flow

$58M

Revenue / Share

$8.26

Gross Margin

37.4%

Operating Margin

21.6%

Net Margin

15.4%

FCF Margin

17.0%

P/S

2.2x

P/E

14.1x

Earnings Reports

Q1 2026

Apr 22, 2026

NEW

$106M+30.9%EPS $0.36

FY 2025

Mar 2, 2026

$317M+4.3%EPS $1.34

Q4 2025

Mar 2, 2026

$70M-13.2%EPS $0.19

Q3 2025

Nov 7, 2025

$83M+7.7%EPS $0.43

Q2 2025

Aug 8, 2025

$83M+12.0%EPS $0.39

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$29M	$27M	$9M
Q3 22	$34M	$28M	$10M
Q4 22	$42M	$31M	$12M
Q1 23	$52M	$35M	$12M
Q2 23	$55M	$31M	$8M
Q3 23	$63M	$35M	$12M
Q4 23	$67M	$32M	-$20M
Q1 24	$72M	$38M	$12M
Q2 24	$74M	$38M	$12M
Q3 24	$77M	$40M	$15M
Q4 24	$81M	$45M	$19M
Q1 25	$81M	$46M	$18M
Q2 25	$83M	$47M	$19M
Q3 25	$83M	$48M	$20M
Q4 25	$70M	$33M	$15M
Q1 26	$106M	$0	$20M

Valuation

Quarter	P/S	P/E
Q2 22	—	—
Q3 22	—	—
Q4 22	5.7x	24.8x
Q1 23	4.7x	21.6x
Q2 23	4.1x	21.8x
Q3 23	3.5x	21.0x
Q4 23	3.1x	75.8x
Q1 24	2.9x	76.2x
Q2 24	2.7x	57.3x
Q3 24	2.6x	57.6x
Q4 24	2.4x	17.7x
Q1 25	2.4x	16.1x
Q2 25	2.3x	14.5x
Q3 25	2.3x	12.8x
Q4 25	2.3x	14.8x
Q1 26	2.2x	14.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$3M	$2M
Q2 22	$11M	$8M
Q3 22	$11M	$9M
Q4 22	$14M	$12M
Q1 23	$8M	$7M
Q2 23	$15M	$14M
Q3 23	$16M	$16M
Q4 23	$13M	$13M
Q1 24	-$11M	-$12M
Q2 24	$25M	$24M
Q3 24	$9M	$8M
Q4 24	$20M	$20M
Q1 25	$10M	$10M
Q2 25	$27M	$26M
Q3 25	$24M	$24M
Q4 25	-$440.0K	-$2M

Capital Expenditures

Quarter	CapEx
Q1 22	$1M
Q2 22	$3M
Q3 22	$2M
Q4 22	$3M
Q1 23	$1M
Q2 23	$580.0K
Q3 23	$656.0K
Q4 23	$239.0K
Q1 24	$270.0K
Q2 24	$891.0K
Q3 24	$219.0K
Q4 24	$558.0K
Q1 25	$108.0K
Q2 25	$949.0K
Q3 25	$304.0K
Q4 25	$1M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+110.0%	+111.5%
Q2 23	+88.6%	+127.8%
Q3 23	+86.2%	+113.6%
Q4 23	+59.6%	+191.0%
Q1 24	+38.2%	+49.2%
Q2 24	+33.9%	+32.8%
Q3 24	+23.2%	+21.0%
Q4 24	+20.6%	-29.3%
Q1 25	+12.6%	+6.0%
Q2 25	+12.0%	+3.2%
Q3 25	+7.7%	+2.3%
Q4 25	-13.2%	-10.2%
Q1 26	+30.9%	+35.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$588.0K	0.8%
Q2 24	$621.0K	0.8%
Q3 24	$763.0K	1.0%
Q4 24	$828.0K	1.0%
Q1 25	$783.0K	1.0%
Q2 25	$2M	1.8%
Q3 25	$2M	2.2%
Q4 25	$3M	4.8%

OpEx Breakdown

Quarter	G&A	S&M
Q2 22	$15M	$762.0K
Q3 22	$15M	$822.0K
Q4 22	$15M	$1M
Q1 23	$19M	$1M
Q2 23	$18M	$864.0K
Q3 23	$19M	$918.0K
Q4 23	$29M	—
Q1 24	$21M	$742.0K
Q2 24	$21M	$1M
Q3 24	$20M	$842.0K
Q4 24	$21M	$779.0K
Q1 25	$20M	—
Q2 25	$19M	—
Q3 25	$19M	—
Q4 25	$23M	—
Q1 26	$8M	$1M

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 22	$131M	$245M	$377M
Q1 23	$91M	$245M	$336M
Q2 23	$82M	$214M	$296M
Q3 23	$102M	$197M	$299M
Q4 23	$90M	$189M	$280M
Q1 24	$164M	$207M	$371M
Q2 24	$170M	$205M	$375M
Q3 24	$148M	$203M	$351M
Q4 24	$211M	$94M	$305M
Q1 25	$201M	$56M	$257M
Q2 25	$157M	$65M	$222M
Q3 25	$198M	$99M	$297M
Q4 25	$326M	$269M	$595M
Q1 26	$328M	$277M	$605M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	36M	-16.8%	—
Q3 22	43M	+20.2%	—
Q4 22	39M	-9.6%	—
Q1 23	43M	+10.6%	0.0%
Q2 23	43M	0.0%	+20.2%
Q3 23	43M	0.0%	0.0%
Q4 23	43M	+0.0%	+10.6%
Q1 24	40M	-7.1%	-7.1%
Q2 24	39M	-1.0%	-8.0%
Q3 24	39M	0.0%	-8.0%
Q4 24	39M	+0.3%	-7.8%
Q1 25	39M	-1.6%	-2.4%
Q2 25	38M	-3.1%	-4.4%
Q3 25	36M	-5.2%	-9.4%
Q4 25	41M	+15.7%	+4.5%
Q1 26	41M	+0.6%	+6.9%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	—	—
Q3 22	—	—
Q4 22	—	—
Q1 23	—	—
Q2 23	—	—
Q3 23	—	—
Q4 23	$196.3K	342
Q1 24	$209.6K	342
Q2 24	$216.7K	342
Q3 24	$225.9K	342
Q4 24	$215.4K	376
Q1 25	$214.7K	376
Q2 25	$220.7K	376
Q3 25	$221.4K	376
Q4 25	$462.4K	152
Q1 26	$695.3K	152

Revenue / Employee