NB Bancorp(NBBK) - 2023 Q4 - Annual Results

Exhibit 99.1 NB Bancorp, Inc. Reports Full Year 2023 Financial Results Investor Contact ● Net income was $9.8 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 $34.3 million for the year ended December 31, 2023. ● Book value and tangible book value per share were $17.75 and $17 ...