NB Bancorp FY26 Q2 net income rises 44.9% to $21.1 million; operating net income climbs 45.4% to $21.9 million - NBBK News | RalliesNB Bancorp FY26 Q2 net income rises 44.9% to $21.1 million; operating net income climbs 45.4% to $21.9 million
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NBBK• Quarterly earnings and margin improve
- NB Bancorp posted Q2 net income of $21.1 million, up 44.9%, with diluted EPS of $0.53.
- Net interest income climbed 47.1% to $69.1 million, lifting net interest margin 18 basis points to 4%.
- Noninterest expense jumped 49.7% to $44 million, while provision for credit losses held at $3.2 million.
Balance sheet and cannabis lending growth
- Total assets rose 6.3% to $7.45 billion, with net loans up 7.5% to $6.34 billion.
- Cannabis loans increased 34% to $542.4 million, while cannabis-industry deposits grew 15.2% to $522.1 million.
