NB Bancorp, Inc. Reports Third Quarter 2024 Financial Results
NB Bancorp, Inc. (NBBK)
Company Research
Source: PR Newswire
NEEDHAM, Mass., Oct. 30, 2024 /PRNewswire/ -- NB Bancorp, Inc. (the "Company") (Nasdaq Capital Market: NBBK), the holding company of Needham Bank (the "Bank"), today announced its third quarter 2024 financial results.SELECTED FINANCIAL HIGHLIGHTS FOR THE THIRD QUARTER OF 2024Net income of $8.4 million, or $0.21 per diluted share, compared to net income of $9.5 million, or $0.24 per diluted share, for the prior quarter. Operating net income, excluding one-time charges, amounted to $13.1 million, or $0.33 per diluted share for the current quarter. One-time charges include:Loss on the sale of available-for sale securities amounting to $1.9 million;Tax expense and a modified endowment contract penalty related to the surrender of bank-owned life insurance ("BOLI") policies of $1.6 million, and;Tax expense related to a basis write-down of solar income tax credits of $2.5 million, partially offset by;Reversal of previously recognized amortization related to solar income tax credit investment
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News
- NB Bancorp, Inc. (NBBK) is on the Move, Here's Why the Trend Could be Sustainable [Yahoo! Finance]Yahoo! Finance
- NB Bancorp Reports Third Quarter 2024 Earnings [Yahoo! Finance]Yahoo! Finance
- Recent Price Trend in NB Bancorp, Inc. (NBBK) is Your Friend, Here's Why [Yahoo! Finance]Yahoo! Finance
- NB Bancorp, Inc. (NASDAQ: NBBK) had its price target raised by analysts at Piper Sandler from $21.00 to $22.00. They now have an "overweight" rating on the stock.MarketBeat
- While institutions own 43% of NB Bancorp, Inc. (NASDAQ:NBBK), individual investors are its largest shareholders with 50% ownership [Yahoo! Finance]Yahoo! Finance
NBBK
Earnings
- 10/30/24 - Beat
NBBK
Sec Filings
- 11/19/24 - Form 4
- 11/14/24 - Form SC
- 11/14/24 - Form 8-K
- NBBK's page on the SEC website