NB Bancorp (NB Bancorp) Gross-Profit-to-Asset % : 3.67% (As of Mar. 2024)

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What is NB Bancorp Gross-Profit-to-Asset %?

Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. NB Bancorp's annualized Gross Profit for the quarter that ended in Mar. 2024 was $168.5 Mil. NB Bancorp's average Total Assets over the quarter that ended in Mar. 2024 was $4,591.7 Mil. Therefore, NB Bancorp's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 3.67%.

NB Bancorp Gross-Profit-to-Asset % Historical Data

The historical data trend for NB Bancorp's Gross-Profit-to-Asset % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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NB Bancorp Gross-Profit-to-Asset % Chart

NB Bancorp Annual Data

Trend

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

2.95

3.47

3.58

NB Bancorp Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross-Profit-to-Asset %	Get a 7-Day Free Trial					4.06	3.53	3.51	3.48	3.67

Competitive Comparison of NB Bancorp's Gross-Profit-to-Asset %

For the Banks - Regional subindustry, NB Bancorp's Gross-Profit-to-Asset %, along with its competitors' market caps and Gross-Profit-to-Asset % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

NB Bancorp's Gross-Profit-to-Asset % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, NB Bancorp's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where NB Bancorp's Gross-Profit-to-Asset % falls into.

NB Bancorp Gross-Profit-to-Asset % Calculation

NB Bancorp's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Dec. 2023 )	/	( (Total Assets (A: Dec. 2022 )	+	Total Assets (A: Dec. 2023 ))	/ count )
	=	145.634	/	( (3592.335	+	4533.412)	/ 2 )
	=	145.634	/	4062.8735
	=	3.58 %

NB Bancorp's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	168.536	/	( (4533.412	+	4650.019)	/ 2 )
	=	168.536	/	4591.7155
	=	3.67 %

In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Gross Profit data used here is four times the quarterly (Mar. 2024) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

NB Bancorp Gross-Profit-to-Asset % Related Terms

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NB Bancorp (NB Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » NB Bancorp Inc (NAS:NBBK) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1063 Great Plain Avenue, Needham, MA, USA, 02492

Website

http://www.needhambank.com

NB Bancorp Inc operates as the holding company of Needham Bank. Its business consists primarily of taking deposits from the general public and investing those deposits, together with funds generated from operations, in commercial real estate and multifamily loans, one- to four-family residential real estate loans, construction and land development loans, commercial and industrial loans, and consumer loans.

NB Bancorp (NB Bancorp) Headlines

From GuruFocus

NB Bancorp Inc (NBBK) Reports Full Year 2023 Financial Results Amidst IPO and Conversion Expenses

By GuruFocus Research • 02-29-2024