NB Bancorp Inc. posts Q3 net income of $15.4 million
NB Bancorp Inc. reported net income of $15.4 million for the third quarter of 2025, compared to $14.6 million in the previous quarter. Excluding one-time merger and acquisition costs related to the pending acquisition of Provident Bancorp Inc., operating net income was $16.0 million, up from $15.0 million in the prior quarter. Net interest income for the quarter was $48.2 million, increasing from $47.0 million in the previous quarter. The net interest margin was 3.78%, compared to 3.82% in the prior quarter. The provision for credit losses decreased to $1.4 million from $3.2 million in the previous quarter. Non-performing loans totaled $11.4 million as of September 30, 2025, down from $12.5 million at the end of the prior quarter. The decrease resulted mainly from payoffs in commercial real estate and home equity loans, partially offset by an increase in consumer loans on non-accrual.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NB Bancorp Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-101542), on October 22, 2025, and is solely responsible for the information contained therein.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.