NB Bancorp (NB Bancorp) Credit Losses Provision : $16.2 Mil (As of Mar. 2024)

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What is NB Bancorp Credit Losses Provision?

NB Bancorp's credit losses provision for the three months ended in Mar. 2024 was $4.4 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was $16.2 Mil.

NB Bancorp's quarterly credit losses provision increased from Sep. 2023 ($2.0 Mil) to Dec. 2023 ($5.9 Mil) but then declined from Dec. 2023 ($5.9 Mil) to Mar. 2024 ($4.4 Mil).

NB Bancorp's annual credit losses provision increased from Dec. 2021 ($2.1 Mil) to Dec. 2022 ($6.7 Mil) and increased from Dec. 2022 ($6.7 Mil) to Dec. 2023 ($13.9 Mil).

NB Bancorp Credit Losses Provision Historical Data

The historical data trend for NB Bancorp's Credit Losses Provision 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 Credit Losses Provision Chart

NB Bancorp Annual Data

Trend

Dec21

Dec22

Dec23

Credit Losses Provision

2.05

6.70

13.89

NB Bancorp Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial					2.07	3.95	1.97	5.90	4.43

NB Bancorp Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $16.2 Mil.

NB Bancorp (NB Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » NB Bancorp Inc (NAS:NBBK) » Definitions » Credit Losses Provision

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

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