UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
(Exact Name of Registrant as Specified in Charter)
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of Incorporation) | Identification No.) |
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 8.01 Other Events
On July 16, 2025, NB Bancorp, Inc. (the “Company”) announced the completion of its stock repurchase program. Under the plan, the Company repurchased 2,028,522 shares, or approximately 5% of its then outstanding common stock. The shares were repurchased by the Company at an average price of $17.96 per share, including commission and excise tax.
Since announcing its first stock repurchase program on January 22, 2025, through the completion of the second stock repurchase program, the Company has repurchased 4,163,809 shares, or 9.8% of its common shares that were issued in its initial public offering at the end of 2023, at a weighted average price of $18.52. The Company’s tangible book value per share was $18.20 as of March 31, 2025.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
NB BANCORP, INC. | ||
DATE: July 16, 2025 | By: | /s/ Jean-Pierre Lapointe |
Jean-Pierre Lapointe Executive Vice President and Chief Financial Officer |
Document and Entity Information |
Jul. 15, 2025 |
|---|---|
| Document and Entity Information [Abstract] | |
| Document Type | 8-K |
| Document Period End Date | Jul. 15, 2025 |
| Entity Registrant Name | NB BANCORP, INC. |
| Entity Incorporation, State or Country Code | MD |
| Entity File Number | 001-41899 |
| Entity Tax Identification Number | 93-2560883 |
| Entity Address, Address Line One | 1063 Great Plain Avenue |
| Entity Address, City or Town | Needham |
| Entity Address State Or Province | MA |
| Entity Address, Postal Zip Code | 02492 |
| City Area Code | 781 |
| Local Phone Number | 444-2100 |
| Written Communications | false |
| Soliciting Material | false |
| Pre-commencement Tender Offer | false |
| Pre-commencement Issuer Tender Offer | false |
| Title of 12(b) Security | Common Stock, Par Value $0.01 Per Share |
| Trading Symbol | NBBK |
| Security Exchange Name | NASDAQ |
| Entity Emerging Growth Company | true |
| Entity Ex Transition Period | false |
| Entity Central Index Key | 0001979330 |
| Amendment Flag | false |