NB Bancorp reports Q2 EPS 24c vs. 23c last year

Reports Q2 revenue $41.7M vs. $42.13M last year. Reports Q2 net charge-offs .09%. Reports Q2 tangible book value per share $17.41. “We had a very successful second quarter, with loans growing 3.6% during the quarter while deposit growth continues to outpace the loan growth. We continue to see strong loan demand in our market and have continued to show that we can generate deposits to keep pace with the loan demand. Net income was $0.24 per share for the quarter, and we are poised to head into the third quarter in a strong balance sheet position,” said Joseph Campanelli, Chairman, President and Chief Executive Officer. “Tangible book value per share grew $0.25 during the quarter and the Company continues to be disciplined in our capital management.”