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NB Bancorp (NB Bancorp) Scaled Net Operating Assets : 0.09 (As of Mar. 2024)


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What is NB Bancorp Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

NB Bancorp's operating assets for the quarter that ended in Mar. 2024 was $4,279.2 Mil. NB Bancorp's operating liabilities for the quarter that ended in Mar. 2024 was $3,855.3 Mil. NB Bancorp's Total Assets for the quarter that ended in Dec. 2023 was $4,533.4 Mil. Therefore, NB Bancorp's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.09.

NB Bancorp Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

NB Bancorp's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2023 )
=(Operating Assets (A: Dec. 2023 )-Operating Liabilities (A: Dec. 2023 ))/Total Assets (A: Dec. 2022 )
=(4442.927-3492.115)/3592.335
=0.26

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=4533.412 - 90.485
=4442.927

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3775.453 - 283.338 - 0
=3492.115

NB Bancorp's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2024 )
=(Operating Assets (Q: Mar. 2024 )-Operating Liabilities (Q: Mar. 2024 ))/Total Assets (Q: Dec. 2023 )
=(4279.193-3855.344)/4533.412
=0.09

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=4650.019 - 370.826
=4279.193

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3916.181 - 60.837 - 0
=3855.344

* 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 (NB Bancorp) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » NB Bancorp Inc (NAS:NBBK) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
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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.