NB Bancorp Declares $0.07 Quarterly Dividend
NB Bancorp, Inc., a Massachusetts-based bank holding company, declared a quarterly cash dividend of $0.07 per share. The dividend will be paid to shareholders of record as of May 6, 2026.
NB Bancorp, Inc. (NASDAQ: NBBK), the holding company of Needham Bank, declared a quarterly cash dividend of $0.07 per share on April 22, 2026. The dividend will be paid May 20, 2026 to stockholders of record as of May 6, 2026. Read more dividend announcements.
The Needham, Massachusetts-based community bank announced the dividend alongside its first quarter 2026 financial results. The company reported net income of $15.0 million, or $0.36 per diluted share, compared to $7.7 million, or $0.19 per diluted share, in the prior quarter.
| Dividend Details | Date |
|---|---|
| Amount | $0.07 per share |
| Record Date | May 6, 2026 |
| Payment Date | May 20, 2026 |
| Declaration Date | April 22, 2026 |
First Quarter Performance
Operating net income, excluding one-time charges, totaled $15.8 million, or $0.38 per diluted share. The company attributed expenses during the quarter to strategic technology investments following its November 2025 acquisition of Provident Bancorp, Inc. and its subsidiary BankProv.
Net interest income increased 10.4% from the prior quarter, with net interest margin expanding 2 basis points for the quarter and 33 basis points compared to the first quarter of 2025. Loans and core deposits grew on an annualized basis by 15.0% and 15.7%, respectively.
The company's operating return on average equity reached 7.43% for the quarter. Chairman, President and CEO Joseph Campanelli said the bank is advancing technology infrastructure to expand cash management and payments capabilities, with benefits expected to materialize in the second half of 2026.