Monitor the next earnings call for commentary on the commercial and industrial loan portfolio, as the $12.4M charge-off on a purchased credit deteriorated loan suggests ongoing asset quality concerns despite the bank's stated risk management framework.
Price Chart
Executive Summary
NB Bancorp reported Q1 2026 earnings with GAAP EPS of $0.36 (miss vs $0.54 est), driven by a $6.3M provision for credit losses and elevated net charge-offs. The bank also announced a new executive incentive plan and declared a $0.07 dividend.
Key Financial Metrics
Key Facts
- GAAP EPS of $0.36 missed consensus of $0.54 by 33.3%
- Provision for credit losses surged to $6.3M from a $1.1M release in Q4 2025
- Net charge-offs increased to $13.6M (0.91% of avg loans) from $4.4M previously
- Operating EPS (non-GAAP) of $0.38 missed $0.51 from prior quarter
- Tangible book value per share increased to $18.00 from $17.94
Financial Impact
EPS miss of $0.18 and $6.3M in credit provisions
Risk Factors
- Deteriorating asset quality in the commercial and industrial portfolio
- Elevated credit loss provisions impacting profitability
- Exposure to cannabis-related lending in a volatile regulatory environment
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-046868 |
| Document: nbbk-20260422xex10d1.htm | 0001104659-26-046868 |
| Document: nbbk-20260422x8k.htm | 0001104659-26-046868 |
| Document: 0001104659-26-046868-index-headers.html | 0001104659-26-046868 |
| Document: 0001104659-26-046868-index.html | 0001104659-26-046868 |
| Document: 0001104659-26-046868.txt | 0001104659-26-046868 |
| 8-K Data (Synthetic) | 0001104659-26-046868 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 11d ago | 8-K | $21.86 | awaiting T+60 | — | $22.49 (+2.88%) |
Jun 12, 2026 19w ago | Institutional Cluster | $20.62 $23.00 | ▲ +11.52% | ▲ +8.25% | $22.49 (+9.07%) |
May 21, 2026 22w ago | 8-K | $19.88 $22.91 | ▲ +15.24% | ▲ +10.94% | $22.49 (+13.13%) |
May 13, 2026 23w ago | 8-K | $19.72 $22.58 | ▲ +14.50% | ▲ +10.07% | $22.49 (+14.05%) |
Apr 24, 2026 26w ago | Insider Cluster | $19.75 $21.04 | ▲ +6.53% | ▲ +1.45% | $22.49 (+13.87%) |
Apr 22, 2026 26w ago | 8-K | $19.09 $20.98 | ▼ −9.88% | ▼ −4.86% | $22.49 (−17.79%) |
Mar 6, 2026 33w ago | Insider Cluster | $20.96 $19.69 | ▼ −6.05% | ▼ −18.83% | $22.49 (+7.32%) |
US Market Status
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