Needham Bank Reports Q4 Net Revenue of $63.15M
Reports Q4 net revenue $63.15M vs. $51.9M last quarter. Net interest margin expanded by 14 basis points to 3.92% during the current quarter from 3.78% in the prior quarter. Tangible book value per share was $17.98 vs. $18.48 in the prior quarter. "Q4 was a monumental quarter for Needham Bank as a result of the merger with Provident. During the same weekend that the merger closed, we converted BankProv customers onto our core system. The team, comprised of both Needham Bank and BankProv employees, worked diligently to prepare us to successfully execute on the conversion. Our actual results were better than our pro-forma estimates, with tangible book value dilution of 5.3%, compared to our estimated 6.1% and merger-related expenses were $2.4 million (pre-tax) lower than our projections. We look forward to beginning 2026 as one team with all of the merger activities behind us. In addition to completing and converting BankProv, we continued to execute on our strategic plan, growing loans (excluding those transferred to loans held for sale) and core deposits organically during the quarter, on an annualized basis, by 9.4% and 12.1%, respectively. Our operating results for the quarter were strong, with operating earnings per share of 51c and operating return on average assets and average equity of 1.35% and 10.51%, respectively. Net interest margin expanded by 14 basis points for the quarter and expanded by 40 basis points compared to Q4 2024," commented CEO Joseph Campanelli. "We are excited for what 2026 has to offer us and are optimistic about our opportunities as we move forward."
Trade with 70% Backtested Accuracy
Analyst Views on NBBK
About NBBK
About the author
NB Bancorp Reports Q4 GAAP EPS of $0.19 with 35.1% Revenue Growth
- Earnings Highlight: NB Bancorp reported a GAAP EPS of $0.19 for Q4, indicating a sustained enhancement in profitability, reflecting the company's competitive edge and effective business model in the market.
- Revenue Growth: The company achieved revenue of $63.2 million in Q4, marking a 35.1% year-over-year increase, which demonstrates success in customer acquisition and market expansion, thereby enhancing future growth potential.
- Market Positioning: With the increase in revenue and profitability, NB Bancorp solidifies its market position, likely attracting more investor attention and further driving stock price appreciation.
- Investor Confidence: The strong financial performance and ongoing growth trends may bolster investor confidence in NB Bancorp, promoting shareholder returns and long-term value creation.
Zacks.com Spotlights NB Bancorp, Innovative Aerosystems, and Capitol Federal
New Analyst Coverage: Recent analyst coverage on NB Bancorp, Innovative Aerosystems, and Capitol Federal Financial highlights the importance of market intelligence amid economic uncertainties, such as inflation and high interest rates.
Impact of Analyst Ratings: New analyst ratings can significantly influence stock prices, with positive ratings potentially driving prices up and negative ratings leading to sell-offs, reflecting investor sentiment and confidence.
Stock Performance Overview: NB Bancorp has shown a 2.4% gain over the past year, Innovative Aerosystems has increased by 26.3%, and Capitol Federal Financial has gained 0.8%, indicating varying levels of growth and market performance among the three companies.
Investment Strategy Suggestion: Investors are encouraged to consider stocks with increased analyst coverage as potential investment opportunities, suggesting that such stocks may hold greater value and attract more attention from portfolio managers.
Analyst Coverage Highlights 3 Stocks Amid Ongoing Uncertainties
Current Economic Landscape: The U.S. economy is experiencing challenges such as persistent inflation, high interest rates, and softening job growth, making new analyst coverage crucial for investors seeking clarity in a complex market.
Role of Analysts: Analysts provide valuable insights into company fundamentals and industry trends, which can influence investor confidence and stock performance, particularly when initiating coverage on new stocks.
Recent Stock Initiations: New analyst coverage has been initiated for companies like NB Bancorp, Innovative Aerosystems, and Capitol Federal Financial, with varying growth projections and stock performance relative to their industries.
Investment Strategy: Investors are encouraged to focus on stocks with increased analyst coverage and improving ratings, as these factors can indicate potential value and attract further interest from portfolio managers.
Piper Sandler Maintains Overweight Rating on NB Bancorp, Increases Price Target to $23
Real-time Intelligence: Benzinga Pro offers the fastest news alerts for traders to stay updated on market movements.
Exclusive Stories: The platform provides unique stories generated by Benzinga reporters, enhancing the trading experience for users.
Community of Traders: Over 10,000 serious traders are part of the Benzinga Pro community, sharing insights and strategies.
Market Winning Tools: Benzinga Pro equips traders with tools and information to improve their chances of success in the stock market.
NB Bancorp, Inc. and Provident Bancorp, Inc. Confirm Completion of Merger
Merger Announcement: NB Bancorp, Inc. and Provident Bancorp, Inc. have satisfied all closing conditions for their merger, which will officially take effect on November 15, 2025, involving the merger of BankProv into Needham Bank.
Leadership Changes: Joseph B. Reilly has been appointed as a director of Needham and Needham Bank, effective at the time of the merger, bringing valuable experience to the board.
Stock Delisting: Provident common stock will be delisted from NASDAQ following the close of trading on November 14, 2025, marking the last day of trading for its shares.
Forward-Looking Statements: The press release includes caution regarding forward-looking statements, highlighting various risks and uncertainties that could affect the anticipated benefits and performance of the merger.
NB Bancorp, Inc. and Provident Bancorp, Inc. Reveal Final Adjustment of Merger Compensation
Merger Announcement: NB Bancorp, Inc. and Provident Bancorp, Inc. have entered into a merger agreement, with the transaction expected to be completed on November 15, 2025, involving multiple mergers including Needham Bank and BankProv.
Shareholder Consideration: Provident shareholders can choose between receiving 0.691 shares of Needham common stock or $13.00 in cash per share, with specific allocation and proration procedures outlined in the merger agreement.
Election Deadline: The deadline for Provident shareholders to elect their preferred form of consideration was November 7, 2025, with approximately 75.33% opting for cash and 16.31% for stock.
Forward-Looking Statements: The press release includes caution regarding forward-looking statements, highlighting various risks and uncertainties that could affect the anticipated benefits and completion of the merger.
NB Bancorp Reports Q4 GAAP EPS of $0.19 with 35.1% Revenue Growth
- Earnings Highlight: NB Bancorp reported a GAAP EPS of $0.19 for Q4, indicating a sustained enhancement in profitability, reflecting the company's competitive edge and effective business model in the market.
- Revenue Growth: The company achieved revenue of $63.2 million in Q4, marking a 35.1% year-over-year increase, which demonstrates success in customer acquisition and market expansion, thereby enhancing future growth potential.
- Market Positioning: With the increase in revenue and profitability, NB Bancorp solidifies its market position, likely attracting more investor attention and further driving stock price appreciation.
- Investor Confidence: The strong financial performance and ongoing growth trends may bolster investor confidence in NB Bancorp, promoting shareholder returns and long-term value creation.
Zacks.com Spotlights NB Bancorp, Innovative Aerosystems, and Capitol Federal
New Analyst Coverage: Recent analyst coverage on NB Bancorp, Innovative Aerosystems, and Capitol Federal Financial highlights the importance of market intelligence amid economic uncertainties, such as inflation and high interest rates.
Impact of Analyst Ratings: New analyst ratings can significantly influence stock prices, with positive ratings potentially driving prices up and negative ratings leading to sell-offs, reflecting investor sentiment and confidence.
Stock Performance Overview: NB Bancorp has shown a 2.4% gain over the past year, Innovative Aerosystems has increased by 26.3%, and Capitol Federal Financial has gained 0.8%, indicating varying levels of growth and market performance among the three companies.
Investment Strategy Suggestion: Investors are encouraged to consider stocks with increased analyst coverage as potential investment opportunities, suggesting that such stocks may hold greater value and attract more attention from portfolio managers.
Analyst Coverage Highlights 3 Stocks Amid Ongoing Uncertainties
Current Economic Landscape: The U.S. economy is experiencing challenges such as persistent inflation, high interest rates, and softening job growth, making new analyst coverage crucial for investors seeking clarity in a complex market.
Role of Analysts: Analysts provide valuable insights into company fundamentals and industry trends, which can influence investor confidence and stock performance, particularly when initiating coverage on new stocks.
Recent Stock Initiations: New analyst coverage has been initiated for companies like NB Bancorp, Innovative Aerosystems, and Capitol Federal Financial, with varying growth projections and stock performance relative to their industries.
Investment Strategy: Investors are encouraged to focus on stocks with increased analyst coverage and improving ratings, as these factors can indicate potential value and attract further interest from portfolio managers.
Piper Sandler Maintains Overweight Rating on NB Bancorp, Increases Price Target to $23
Real-time Intelligence: Benzinga Pro offers the fastest news alerts for traders to stay updated on market movements.
Exclusive Stories: The platform provides unique stories generated by Benzinga reporters, enhancing the trading experience for users.
Community of Traders: Over 10,000 serious traders are part of the Benzinga Pro community, sharing insights and strategies.
Market Winning Tools: Benzinga Pro equips traders with tools and information to improve their chances of success in the stock market.
NB Bancorp, Inc. and Provident Bancorp, Inc. Confirm Completion of Merger
Merger Announcement: NB Bancorp, Inc. and Provident Bancorp, Inc. have satisfied all closing conditions for their merger, which will officially take effect on November 15, 2025, involving the merger of BankProv into Needham Bank.
Leadership Changes: Joseph B. Reilly has been appointed as a director of Needham and Needham Bank, effective at the time of the merger, bringing valuable experience to the board.
Stock Delisting: Provident common stock will be delisted from NASDAQ following the close of trading on November 14, 2025, marking the last day of trading for its shares.
Forward-Looking Statements: The press release includes caution regarding forward-looking statements, highlighting various risks and uncertainties that could affect the anticipated benefits and performance of the merger.
NB Bancorp, Inc. and Provident Bancorp, Inc. Reveal Final Adjustment of Merger Compensation
Merger Announcement: NB Bancorp, Inc. and Provident Bancorp, Inc. have entered into a merger agreement, with the transaction expected to be completed on November 15, 2025, involving multiple mergers including Needham Bank and BankProv.
Shareholder Consideration: Provident shareholders can choose between receiving 0.691 shares of Needham common stock or $13.00 in cash per share, with specific allocation and proration procedures outlined in the merger agreement.
Election Deadline: The deadline for Provident shareholders to elect their preferred form of consideration was November 7, 2025, with approximately 75.33% opting for cash and 16.31% for stock.
Forward-Looking Statements: The press release includes caution regarding forward-looking statements, highlighting various risks and uncertainties that could affect the anticipated benefits and completion of the merger.
