NB Bancorp Completes 5% Share Buyback, Bringing Total Repurchases to Nearly 10%
The Massachusetts-based bank signals shareholder confidence with over four million shares repurchased since IPO.
July 17, 2025
NB Bancorp Wraps Up Second Stock Repurchase Program, Buying Back 2 Million Shares
NB Bancorp has completed its second share repurchase program, buying back just over two million shares. That’s roughly 5% of its outstanding common stock, repurchased at an average price of $17.96 per share, including commission and excise tax.
The program builds on a previous buyback launched in January 2025. Combined, the company has now repurchased 4,163,809 shares —equal to 9.8% of the stock issued in its 2023 IPO. The weighted average price across both programs came in at $18.52 per share.
The timing aligns with the company’s most recently reported tangible book value per share of $18.20 as of March 31, 2025. By acting on its capital plan, NB Bancorp is reducing its share count while reinforcing its balance sheet position.
The repurchase initiative signals a deliberate approach. As shares come off the market, earnings per share may improve, and shareholders retain a larger stake in the business. The company is making targeted adjustments that can support its long-term financial profile.
NB Bancorp’s common stock trades on Nasdaq under the ticker NBBK. With this latest buyback complete, the company closes out a multi-month effort aimed at reshaping its capital structure following its public debut.
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