The business behind the dividend
| Measure | NBBK | Median | Formula |
|---|---|---|---|
| Return on equity | 5.9% | 10.6% | Net income ÷ shareholders’ equity |
| Return on capital employed | — | — | Operating income ÷ (equity + total debt) |
| Owner earnings | $49.88m | $120.90m | Net income + depreciation & amortisation − capital expenditure |
| Free cash flow | $57.38m | $155.08m | Operating cash flow − capital expenditure |
| Operating margin | 21.2% | 14.3% | Operating income ÷ revenue |
| Net margin | 15.0% | 10.1% | Net income ÷ revenue |
| Debt to equity | — | — | Total debt ÷ shareholders’ equity |
| Interest cover | — | — | Operating income ÷ interest expense |
| Current ratio | — | — | Current assets ÷ current liabilities |
| Long-term debt to working capital | — | — | Long-term debt ÷ (current assets − current liabilities) |
| Cash conversion | — | — | Operating cash flow ÷ net income |
| Accruals | -0.1% | -3.1% | (Net income − operating cash flow) ÷ total assets |
Not computed here: Cash conversion, Current ratio, Debt to equity, Long-term debt to working capital, Interest cover, Return on capital employed — why a blank is not a zero.
Ten years of it
The same measures, for every year the filings support. One year is a fact; a row is a business.
| Measure | 2025 | 2024 | 2023 | 2022 | Median |
|---|---|---|---|---|---|
| Return on equity | 5.9% | 5.5% | 1.3% | 8.7% | 5.9% |
| Operating margin | 21.2% | 20.0% | 5.3% | 30.1% | 21.2% |
| Net margin | 15.0% | 14.4% | 4.4% | 24.8% | 15.0% |
How it compares in banks & insurers
Among the 377 banks & insurers companies here measured on GAAP earnings, NB Bancorp pays out less than 344 of them. The median for that group is 30.6%, against this company’s 11.1%.
Closest on GAAP earnings
- Merchants Bancorp (MBIN) 10.6%
- X Financial (XYF) 10.6%
- Smartfinancial (SMBK) 10.7%
- CF Bankshares (CFBK) 11.2%
Same sector and same denominator, so the figures are comparable. All 377 in banks & insurers →