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NB Bancorp(NBBK) - 2023 Q4 - Annual Results
NBBKNB Bancorp(NBBK)2024-02-28 22:42

Exhibit 99.1 NB Bancorp, Inc. Reports Full Year 2023 Financial Results Investor Contact ● Net income was 9.8millionfor2023,whichwasnegativelyimpactedbythepreviouslymentionedone−timeexpenses,mostsignificantlythe9.8 million for 2023, which was negatively impacted by the previously mentioned one-time expenses, most significantly the 19.1 million expense for the cash and stock contribution to the Needham Bank Charitable Foundation. ● Net income, excluding conversion and IPO-related expenses, was 34.3millionfortheyearendedDecember31,2023.●Bookvalueandtangiblebookvaluepersharewere34.3 million for the year ended December 31, 2023. ● Book value and tangible book value per share were 17.75 and $17 ...