Narragansett Bancorp, Inc.

424B3 priced

Price $10.00 · 6,705,124 shares · Gross proceeds $67,051,240

424B3 priced

Price $10.00 · 7,912,000 shares · Gross proceeds $79,120,000

Narragansett Bancorp, Inc. reported improved financial performance in Q2 2026, with total assets increasing $15.9 million (0.6%) to $2.87 billion. Key drivers included higher cash reserves from loan portfolio sales, increased securities holdings, and growth in commercial loans. Net income rose to $3.5 million for Q2 2026 compared to $2.3 million in Q2 2025, driven by lower interest expenses and credit loss provisions, despite declines in loan volumes and other income. The company also saw improved net interest margin and interest rate spread, reflecting better funding costs and asset yields.

EFFECT effective

S-1/A amended

Price $10.00 · 6,705,124 shares · Gross proceeds $67,051,240

Narragansett Bancorp, Inc. reported improved financial performance in the six months ended June 30, 2026, with net income increasing to $4.7 million from $2.1 million in the same period in 2025. Key changes include a 0.6% increase in total assets to $2.87 billion, driven by growth in securities available for sale and cash reserves, partially offset by loan portfolio reductions. Deposit growth of 1.0% to $2.45 billion and improved net interest margins (3.21% for Q2 2026 vs. 2.73% in Q2 2025) were noted. The company also addressed credit risk through provisions for loan losses and highlighted increased non-performing loans.

S-1 filed

Price $10.00 · 6,705,124 shares · Gross proceeds $67,051,240

Narragansett Bancorp, Inc. reported improved financial performance in Q1 2026, driven by a 15.1% increase in net interest income to $20.2 million, supported by a 47-basis-point rise in interest rate spread to 2.59%. The company reduced interest expenses faster than income, aided by lower Federal Home Loan Bank (FHLB) advances balances following a $120 million prepayment in Q3 2025. Mortgage banking income surged 38.3% to $4.7 million due to higher residential loan sales. However, non-accrual loans spiked to $44.9 million from $6.0 million, reflecting increased credit risk. Provisions for credit losses remained stable at $1.7 million, but the allowance coverage ratio fell to 66.15% of nonperforming loans from 467.65% in 2025.