KBRA Assigns Ratings to NB Bancorp, Inc.
KBRA assigned first-time credit ratings to NB Bancorp: BBB senior unsecured and BBB- subordinated debt at the holding company, plus K3 short-term; subsidiary Needham Bank received BBB+ deposit and senior unsecured ratings, BBB subordinated, and K2 short-term. The outlook on all long-term ratings is Stable. The agency credited a strengthening earnings profile — ROA of 1.0% and a 3.91% NIM in 1H26 — as the company deploys post-conversion capital and gains scale from the 4Q25 acquisition of Provident Bancorp (BankProv).
Key figures
- Outlook
- Stable
- Nim 1h26
- 3.91%
- Roa 1h26
- 1.0%
- Tce 2q26
- 10.9%
- Cet1 2q26
- 11.9%
- Tce peak ye24
- 14.8%
- Cet1 peak ye24
- ~16.5%
- Npa ratio 2q26
- 0.4%
- Icre concentration
- 305%
- Bank deposit rating
- BBB+
- Cost of deposits 1h26
- 2.63%
- Bank short term rating
- K2
- Cost of deposit change
- declined 23 bps from YE25
- Holdco short term rating
- K3
- Reserve coverage of npls
- 3.0x
- Fee income pct of revenue
- ~9%
- Loan to deposit ratio 2023
- 115%
- Loan to deposit ratio 2q26
- 103%
- Uninsured deposit coverage
- ~1.4x
- Bank senior unsecured rating
- BBB+
- Ev ci portfolio pct of loans
- ~2%
- Noncore funding pct of total
- ~26%
- Bank subordinated debt rating
- BBB
- Holdco senior unsecured rating
- BBB
- Pcd marks linked to ev credits
- 74%
- Holdco subordinated debt rating
- BBB-
- Noninterest bearing deposits pct
- 15%
AI analysis
Red flags4 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.