NB Bancorp, Inc. 8-K

What Happened

• NB Bancorp, Inc. (NBBK) reported on Form 8‑K (filed May 13, 2026) that it completed a stock repurchase program. Under that program the company repurchased 2,207,236 shares—about 5% of its then-outstanding common stock—at an average price of $20.96 per share (including commission and excise tax).
• The filing notes that since the company’s first repurchase program (announced January 22, 2025) through the completion of its third program, NB Bancorp has repurchased 6,371,044 shares (about 16% of the shares issued in its 2023 IPO) at a weighted average price of $19.25. Tangible book value per share was $18.00 as of March 31, 2026.

Key Details

• Filing date: May 13, 2026 (Form 8‑K, Item 8.01 — Other Events).
• Most recent program repurchases: 2,207,236 shares (~5% of outstanding) at average $20.96/share (incl. commissions & excise tax).
• Cumulative repurchases since Jan 22, 2025: 6,371,044 shares (~16% of IPO shares) at weighted avg $19.25/share.
• Tangible book value per share: $18.00 as of March 31, 2026.
• Report signed by Jean‑Pierre Lapointe, Senior EVP & CFO.

Why It Matters

• The repurchases reduce shares outstanding (current program ~5%, cumulative ~16%), which can increase earnings per share and is a tangible example of the company’s capital-allocation choice.
• The recent buyback prices ($20.96 average; $19.25 weighted average overall) are above the reported tangible book value ($18.00), which may be relevant for investors assessing valuation and management’s view of share value.
• This 8‑K provides a clear, factual update on NB Bancorp’s buyback activity; it does not include other financial results or changes in management.