NB Bancorp, Inc. disclosed that President and Chief Executive Officer Joseph P. Campanelli acquired 5,000 shares of common stock on March 6, 2026, executing two transactions that together amounted to $103,870. Transaction prices ranged from $20.77 to $20.78 per share, modestly higher than the stock's listed price of $20.45 at the time of reporting.
Market data referenced in the filing show NB Bancorp with a market capitalization of $876 million. According to InvestingPro analysis cited in the disclosure, the shares are trading below their Fair Value. The same analysis highlights an active management program of share repurchases and reports a price/earnings-to-growth ratio, or PEG, of 0.67. InvestingPro also notes it has five additional tips for investors in NBBK.
Campanelli completed the purchase with 2,000 shares bought through an individual retirement account and 3,000 shares acquired in his capacity as trustee for a trust. After these purchases, his direct beneficial ownership stands at 394,161 shares. Part of his holding includes restricted stock subject to scheduled vesting: some awards vest at a rate of 20 percent per year beginning April 24, 2026, while other awards vest at 33 1/3 percent per year starting February 25, 2027. He additionally holds 49,597 shares indirectly through a 401(k) plan and 3,677 shares indirectly through an employee stock ownership plan.
In operational reporting, NB Bancorp released its fourth-quarter 2025 results, which showed reported net income of $7.7 million, or $0.19 per diluted share, below the consensus analyst estimate of $0.21. Revenue for the quarter totaled $63.2 million, which exceeded expectations.
The company attributed part of the gap between reported and adjusted results to one-time expenses related to its acquisition of Provident Bancorp and its subsidiary BankProv, completed on November 15. Excluding these nonrecurring items, NB Bancorp reported operating net income of $21.2 million, or $0.51 per diluted share, compared with $16.0 million, or $0.45 per diluted share, in the prior quarter.
The difference between the reported and operating figures was driven primarily by $15.7 million of merger and acquisition costs tied to the Provident Bancorp transaction, along with $2.1 million in tax expenses resulting from surrendered bank-owned life insurance policies. These items were identified as the main contributors to the variance between GAAP net income and the adjusted operating measure.
Campanelli's recent purchases and the company's disclosure of merger-related costs provide updated detail on insider holdings and near-term financial impacts following the November acquisition.