NB Bancorp (NBBK) investor relations material

Executive summary

• Net income for Q2 2026 rose 44.9% year-over-year to $21.1 million ($0.53 per diluted share), with operating net income at $21.9 million ($0.55 per share), driven by strong loan growth and the Provident acquisition.

• Return on average assets increased to 1.17% and return on average equity to 10.03%, both higher than the prior quarter.

• Total assets grew 6.3% since year-end to $7.45 billion, with net loans up 7.5% and deposits up 8.0%.

• Annualized loan and deposit growth for H1 2026 was 15.0% and 15.9%, respectively.

• The board declared a $0.07 per share quarterly cash dividend, payable August 19, 2026.

Financial highlights

• Net interest income for Q2 2026 increased 47.1% year-over-year to $69.1 million, with net interest margin improving to 4.00%.

• Noninterest income rose 29.9% to $5.6 million, led by higher customer service fees.

• Noninterest expense increased 49.7% to $44.0 million, mainly due to higher salaries, technology investments, and costs from the Provident acquisition.

• Efficiency ratio (operating, non-GAAP) improved to 57.66% for Q2 2026.

• For the six months ended June 30, 2026, net income was $36.1 million, up 32.6% year-over-year.

Outlook and guidance

• Management expects continued prudent loan growth, focus on higher-yielding assets, and ongoing investment in technology, AI, and operational capabilities.

• Interest rate risk models indicate moderate sensitivity, with a 200 basis point rate increase projected to boost net interest income by 4.1%.

• Liquidity remains strong, with significant borrowing capacity and well-capitalized status.

• The company expects to maintain disciplined growth, strong credit performance, and enhanced customer experience.