Core Insights - The article emphasizes the importance of identifying and sustaining trends in short-term investing, highlighting that confirming sound fundamentals and positive earnings estimates is crucial for maintaining momentum in stocks [1][2]. Group 1: Stock Performance - NB Bancorp, Inc. (NBBK) has shown a solid price increase of 7.1% over the past 12 weeks, indicating investor confidence in its potential upside [3]. - The stock has also experienced a price increase of 7.7% over the last four weeks, suggesting that the upward trend is still intact [4]. - NBBK is currently trading at 87.3% of its 52-week high-low range, indicating a potential breakout opportunity [4]. Group 2: Fundamental Strength - NBBK holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, which are critical for near-term price movements [5][6]. - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [6]. Group 3: Investment Strategy - The article suggests that investors can utilize the "Recent Price Strength" screen to identify stocks like NBBK that are on an uptrend supported by strong fundamentals [2][7]. - It also mentions that there are over 45 Zacks Premium Screens available for investors to find winning stock picks based on their personal investing styles [7].

Financial Performance - Net income for the three months ended September 30, 2024, was $8,383 million, a slight decrease from $8,467 million in the same period of 2023[156] - Operating net income (non-GAAP) for the three months ended September 30, 2024, was $13,116 million, compared to $8,467 million in the same period of 2023, representing a significant increase[156] - Net income for the quarter ended September 30, 2024, was $8.4 million, a decrease of approximately $84,000, or 1.0%, compared to $8.5 million for the same quarter in 2023[169] - Operating net income, excluding one-time charges, amounted to $13.1 million, or $0.33 per diluted share for the quarter ended September 30, 2024, an increase of $4.6 million, or 54.9%[171] - Net income for the nine months ended September 30, 2024, was $26.5 million, an increase of approximately $3.1 million, or 13.2%, compared to $23.4 million for the same period in 2023[184] Income and Expenses - Noninterest expense (GAAP) for the three months ended September 30, 2024, was $24,586 million, up from $23,088 million in the same period of 2023[156] - Noninterest income (GAAP) for the three months ended September 30, 2024, was $1,265 million, down from $3,138 million in the same period of 2023[156] - Total interest expense increased by $8.6 million, or 32.8%, to $34.7 million for the quarter ended September 30, 2024, from $26.1 million for the same quarter in 2023[172] - Noninterest income decreased by $1.9 million, or 59.7%, to $1.3 million for the quarter ended September 30, 2024, down from $3.1 million in the prior year[176] - Noninterest expense increased by $1.5 million, or 6.5%, to $24.6 million for the quarter ended September 30, 2024, compared to $23.1 million for the same quarter in 2023[176] - Noninterest income decreased by $4.4 million, or 36.0%, to $7.8 million for the nine months ended September 30, 2024, from $12.1 million for the same period in 2023[192] - Noninterest expense increased by $7.9 million, or 11.6%, to $76.4 million for the nine months ended September 30, 2024, from $68.5 million for the same period in 2023[192] Assets and Liabilities - Total assets increased by $469.1 million, or 10.3%, to $5.00 billion as of September 30, 2024, from $4.53 billion as of December 31, 2023[168] - Cash and cash equivalents rose by $44.5 million, or 16.3%, to $317.0 million as of September 30, 2024, from $272.6 million as of December 31, 2023[159] - Net loans increased by $354.4 million, or 9.2%, to $4.21 billion as of September 30, 2024, from $3.86 billion as of December 31, 2023[161] - Deposits grew by $655.5 million, or 19.4%, to $4.04 billion as of September 30, 2024, from $3.39 billion as of December 31, 2023[168] - Total assets increased to $4.89 billion as of September 30, 2024, from $4.13 billion in the prior year[180] - Total interest-bearing liabilities rose to $3.34 billion for the quarter ended September 30, 2024, compared to $3.11 billion in the same quarter of 2023[180] Returns and Margins - Operating return on average assets (non-GAAP) improved to 1.07% for the three months ended September 30, 2024, compared to 0.81% in the same period of 2023[156] - Operating return on average shareholders' equity (non-GAAP) decreased to 6.91% for the three months ended September 30, 2024, from 9.24% in the same period of 2023[156] - The net interest margin improved to 3.51% for the quarter ended September 30, 2024, compared to 3.36% for the same quarter in 2023[180] - The net interest margin improved to 3.53% for the nine months ended September 30, 2024, compared to 3.51% for the same period in 2023[196] Taxation - Income tax expense rose by $3.9 million, or 125.6%, to $7.0 million for the quarter ended September 30, 2024, from $3.1 million in the prior year[179] - The effective tax rate increased to 45.5% for the quarter ended September 30, 2024, compared to 26.8% for the same quarter in 2023[179] - Income tax expense increased by $4.2 million, or 49.6%, to $12.8 million for the nine months ended September 30, 2024, with an effective tax rate of 32.5%[194] Operational Challenges - The company continues to face uncertainties including inflationary pressures and changes in the interest rate environment that could impact future performance[142] - The primary impact of inflation on operations is reflected in increased operating costs, with interest rates having a more significant impact on performance than inflation[210] Regulatory and Compliance - As of September 30, 2024, Needham Bank and NB Bancorp, Inc. exceeded all regulatory capital requirements and were categorized as well-capitalized[209] - There have been no changes in the company's internal controls over financial reporting that materially affected the company's internal control[213] - Management believes that the resolution of various legal actions will not have a material adverse effect on the company's financial condition or results of operations[214]

Core Insights - The article emphasizes the importance of timing and sustainability in short-term investing, highlighting that successful entry into trends is crucial for profitability [1][2] Group 1: Stock Performance - NBB Bancorp, Inc. (NBBK) has shown a solid price increase of 7.9% over the past 12 weeks, indicating investor confidence in its potential upside [4] - The stock has also increased by 6.4% in the last four weeks, suggesting that the upward trend is still intact [5] - NBBK is currently trading at 91.2% of its 52-week high-low range, indicating a potential breakout opportunity [5] Group 2: Fundamental Strength - NBBK holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [6] - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting strong optimism from the brokerage community regarding its near-term price performance [7] Group 3: Investment Strategy - The "Recent Price Strength" screen is a useful tool for investors seeking stocks with upward momentum supported by strong fundamentals [3] - The article suggests that there are multiple stocks passing through this screen, indicating a broader opportunity for trend investing [8]

Financial Performance - Net income for Q3 2024 was $8.4 million, or $0.21 per diluted share, down from $9.5 million, or $0.24 per diluted share in the prior quarter; operating net income, excluding one-time charges, was $13.1 million, or $0.33 per diluted share [2]. - The company reported an operating net income of $13.1 million for the quarter, compared to $9.9 million in the previous quarter [19]. - Net income decreased by 11.3% to $8,383 thousand compared to $9,453 thousand in the previous quarter [22]. - Earnings per share (basic) declined by 11.3% to $0.21 from $0.24 [22]. - Income before taxes increased by 30.1% to $15,380 thousand from $11,822 thousand [22]. - Operating return on average assets (non-GAAP) improved to 1.07% in Q3 2024, compared to 0.84% in Q2 2024 and 0.81% in Q3 2023 [30]. Loan and Deposit Growth - Gross loans increased by $151.8 million, or 3.7%, to $4.25 billion from the prior quarter; net loans rose to $4.21 billion, reflecting a $152.0 million, or 3.7% increase [2][5]. - Total deposits increased by $124.9 million, or 3.2%, to $4.04 billion, driven by a $78.6 million, or 4.9% increase in customer deposits [3][5]. - Total loans grew to $4.25 billion, up from $4.10 billion in the prior quarter [19]. - Deposits grew to $4,042,817, representing a 3.2% rise from $3,917,905 [20]. Interest Income and Expenses - Net interest income rose to $41.3 million, an increase of $2.6 million, or 6.7%, compared to the prior quarter, primarily due to higher average loan balances and rates [6]. - Total interest and dividend income increased by 6.9% to $76,003 thousand compared to $71,122 thousand in the previous quarter [22]. - Interest on deposits increased by 6.4% to $33,612 thousand, up from $31,579 thousand [22]. - Net interest income for the three months ended September 30, 2024, was $41,324, compared to $38,722 for the same period last year, reflecting an increase of 4.1% [23]. - The net interest margin improved to 3.51%, up from 3.46% year-over-year, indicating better profitability on interest-earning assets [23]. Asset Quality and Credit Losses - Annualized net charge-offs increased to 0.50% of average total loans, up from 0.09% in the prior quarter; non-performing loans decreased to $16.0 million, or 0.38% of total loans [3]. - The allowance for credit losses (ACL) was $37.6 million as of September 30, 2024, representing 0.89% of total gross loans, a slight decrease from $37.9 million or 0.92% at June 30, 2024 [11]. - Total net charge-offs for the quarter were $5.2 million, or 0.50% of average total loans on an annualized basis, compared to $878 thousand or 0.09% in the prior quarter [11]. - The allowance for credit losses increased to $38,495, up from $34,735, indicating a proactive approach to risk management [23]. - Total non-performing loans to total loans ratio decreased to 0.38% in Q3 2024 from 0.51% in Q2 2024, indicating improved asset quality [32]. Capital Position - The Bank's capital position remains strong with shareholders' equity at 14.9% of total assets and tangible book value per share increasing to $17.48 [3][5]. - Total shareholders' equity (GAAP) rose to $747,449,000 in Q3 2024, compared to $734,312,000 in Q2 2024 and $365,701,000 in Q3 2023 [30]. Operational Efficiency - The efficiency ratio improved to 57.73% from 62.86% in the prior quarter, indicating better operational efficiency [19]. - Total noninterest expense decreased by 6.2% to $24,586 thousand compared to $26,214 thousand in the previous quarter [22].

Core Insights - The article emphasizes the importance of identifying and sustaining trends in short-term investing, highlighting that confirming sound fundamentals and positive earnings estimates is crucial for maintaining momentum in stocks [1][2]. Group 1: Stock Performance - NB Bancorp, Inc. (NBBK) has shown a solid price increase of 26.5% over the past 12 weeks, indicating strong investor interest and potential upside [3]. - NBBK has also experienced a price increase of 7% over the last four weeks, suggesting that the upward trend is still intact [4]. - The stock is currently trading at 86.9% of its 52-week high-low range, indicating it may be on the verge of a breakout [4]. Group 2: Fundamental Strength - NBBK holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, which are critical for near-term price movements [5][6]. - The average broker recommendation for NBBK is also 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [6]. Group 3: Investment Strategy - The article suggests that investors can utilize the "Recent Price Strength" screen to identify stocks like NBBK that are on an uptrend supported by strong fundamentals [2][7]. - There are over 45 Zacks Premium Screens available for investors to find stocks that align with their personal investing styles, enhancing the chances of selecting winning stocks [7].

Core Viewpoint - The article emphasizes the importance of identifying and maintaining trends in short-term investing, highlighting that sound fundamentals and positive earnings estimates are crucial for sustaining momentum in stocks [1]. Group 1: Stock Screening and Selection - The "Recent Price Strength" screen is a unique short-term trading strategy that helps identify stocks with strong fundamentals capable of maintaining an uptrend [2]. - Stocks that pass this screen are typically trading in the upper portion of their 52-week high-low range, indicating bullish sentiment [2]. Group 2: Case Study - NB Bancorp, Inc. (NBBK) - NBBK has shown a solid price increase of 17% over the past 12 weeks, reflecting investor confidence in its potential upside [3]. - The stock has maintained a price increase of 1.1% over the last four weeks, indicating that the upward trend is still intact [4]. - NBBK is currently trading at 80.4% of its 52-week high-low range, suggesting it may be on the verge of a breakout [4]. Group 3: Fundamental Strength - NBBK holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [5]. - The Zacks Rank system has a strong track record, with Rank 1 stocks generating an average annual return of +25% since 1988 [6]. - The Average Broker Recommendation for NBBK is also 1 (Strong Buy), indicating high optimism from the brokerage community regarding its near-term price performance [6]. Group 4: Additional Opportunities - Besides NBBK, there are several other stocks that meet the criteria of the "Recent Price Strength" screen, suggesting potential investment opportunities [7]. - The article encourages exploring over 45 Zacks Premium Screens tailored to different investing styles to identify winning stock picks [7].

Financial Position - Total assets increased by $272.0 million, or 6.0%, to $4.81 billion as of June 30, 2024, from $4.53 billion as of December 31, 2023[120] - Cash and cash equivalents rose by $56.4 million, or 20.7%, to $328.9 million as of June 30, 2024, driven by deposit growth[120] - Net loans increased by $202.4 million, or 5.2%, to $4.06 billion as of June 30, 2024, with significant growth in commercial and industrial loans, which rose by $94.4 million, or 19.2%[122] - Deposits grew by $530.6 million, or 15.7%, to $3.92 billion as of June 30, 2024, with core deposits increasing by $414.2 million, or 12.9%[125] - Total liabilities increased to $3.862 billion, while shareholders' equity rose to $737.510 million as of June 30, 2024[149] Loan and Deposit Activity - The company had approximately $415.2 million in loans to borrowers in the cannabis industry as of June 30, 2024, up from $365.9 million at the end of 2023[123] - Brokered deposits increased by $116.4 million, or 63.4%, from December 31, 2023, reflecting a strategy to support overall liquidity[125] - The company originated $222.2 million of loans during the six months ended June 30, 2024[155] - The company experienced net increases in deposits of $530.6 million for the six months ended June 30, 2024[156] - Non-brokered certificates of deposit due within one year totaled $1.30 billion, representing 33.1% of total deposits[155] - As of June 30, 2024, the company had $300.0 million of brokered deposits, with an additional capacity of approximately $180.5 million[153] Income and Expenses - Net income for the quarter ended June 30, 2024, was $9.5 million, an increase of approximately $3.2 million, or 52.0%, compared to $6.2 million for the same quarter in 2023[126] - Interest and dividend income increased by $18.9 million, or 36.1%, to $71.1 million for the quarter ended June 30, 2024, primarily due to a $15.2 million, or 30.4%, increase in interest and fees on loans[126] - Noninterest expense increased by $3.9 million, or 17.4%, to $26.2 million for the quarter ended June 30, 2024, with salaries and employee benefits rising by $2.3 million, or 16.3%[130] - Net interest income rose by $14.4 million, or 22.9%, to $77.4 million for the six months ended June 30, 2024, driven by a $868.3 million, or 24.5%, increase in average interest-earning assets[141] - Noninterest income decreased by $2.5 million, or 27.6%, to $6.5 million for the six months ended June 30, 2024, compared to $9.0 million for the same period in 2023[144] Interest Rates and Margins - Average interest-earning assets increased by $851.8 million, or 23.3%, to $4.51 billion for the quarter ended June 30, 2024, with a yield increase of 61 basis points to 6.34%[128] - Total interest expense increased by $11.9 million, or 58.0%, to $32.4 million for the quarter ended June 30, 2024, driven by an increase in interest expense on deposit accounts by $14.1 million, or 80.8%[126] - The weighted average rate on certificates of deposit increased by 142 basis points to 5.04% for the quarter ended June 30, 2024, from 3.62% for the same quarter in 2023[126] - The yield on interest-earning assets increased by 76 basis points to 6.35% for the six months ended June 30, 2024, compared to 5.59% for the same period in 2023[138] - The net interest margin was 3.53% for the six months ended June 30, 2024, compared to 3.58% for the same period in 2023[149] Credit Losses and Provisions - Provision for credit losses recorded was $3.7 million for the quarter ended June 30, 2024, with $4.4 million related to loans, compared to a provision of $4.0 million for the same quarter in 2023[129] - The provision for credit losses was $8.1 million for the six months ended June 30, 2024, compared to $6.1 million for the same period in 2023, reflecting a 32.4% increase[143] Tax and Regulatory Compliance - The effective tax rate decreased to 20.0% for the quarter ended June 30, 2024, from 26.4% in the same quarter of 2023, due to income tax credits earned[133] - The company is categorized as well-capitalized and exceeds all regulatory capital requirements as of June 30, 2024[158] Economic Environment and Strategy - The company’s strategy focuses on diversifying into higher-yielding loans to improve net margins and manage interest rate risk[122] - The company continues to assess and manage risks related to economic uncertainties, including inflation and interest rate changes[110] - The primary impact of inflation on the company is reflected in increased operating costs, with interest rates having a more significant impact on performance[159]

NB Bancorp, Inc. Reports Second Quarter 2024 Financial Results Investor Contact JP Lapointe, EVP and CFO IR@NeedhamBank.com 781-474-5408 Needham, MA, July 24, 2024 – NB Bancorp, Inc. (the "Company") (Nasdaq Capital Market: NBBK), the holding company of Needham Bank, today announced its second quarter 2024 financial results. SELECTED FINANCIAL HIGHLIGHTS FOR THE SECOND QUARTER OF 2024 "We had a very successful second quarter, with loans growing 3.6% during the quarter while deposit growth continues to outpac ...

Table of Contents SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant To Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2024 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from _______________ to _______________ Commission File No. 001-41899 NB Bancorp, Inc. (Exact name of registrant as specified in its charter) Maryland 93-2560883 (State o ...

Total assets were $4.65 billion as of March 31, 2024, representing an increase of $116.6 million, or 2.6%, from December 31, 2023. NB Bancorp, Inc. Reports First Quarter 2024 Financial Results Investor Contact JP Lapointe, EVP and CFO IR@NeedhamBank.com 781-474-5408 Needham, MA, April 24, 2024 – NB Bancorp, Inc. (the "Company") (Nasdaq Capital Market: NBBK), the holding company of Needham Bank, today announced its first quarter 2024 financial results. SELECTED FINANCIAL HIGHLIGHTS FOR THE FIRST QUARTER OF 2 ...