NB Bancorp Inc operates through its primary subsidiary, Needham Bank, offering a wide range of banking services in the Greater Boston area and beyond, including parts of Massachusetts, eastern Connecticut, southern New Hampshire, and Rhode Island. Founded in 1892 and headquartered in Needham, Massachusetts, the bank caters to both individual and business needs. Services include various deposit accounts, real estate and construction loans, commercial and industrial loans, consumer loans, and lines of credit. Additionally, NB Bancorp invests in a variety of securities, including U.S. treasury and municipal bonds.
Heritage Financial leads today's dividend payments, sending about $10.2 million in cash to shareholders at 25 cents a share on August 19. Smaller community banks fill out the rest of the list, from Univest to Princeton Bancorp.
NB Bancorp beat EPS by 11.6% while net interest margins expanded 7 basis points to 4%, the sweet spot for regional banks as non-performing loans plunged 39% to $27.7 million, signaling credit quality has turned the corner hard.