NBTB

NBT Bancorp's second quarter results showed year-on-year growth, but both revenue and non-GAAP earnings per share came in slightly below Wall Street expectations. Management attributed the quarter’s performance to strong loan growth across commercial and consumer segments, as well as expansion in net interest margin. CEO Scott Kingsley emphasized that the recent Evans Bancorp integration has bolstered their presence in key New York markets, with the Buffalo region seeing particularly high loan origination. The company also noted a disciplined approach to deposit costs and ongoing benefits from their diversified revenue base. Is now the time to buy NBTB? Find out in our full research report (it’s free). Revenue: $187.2 million vs analyst estimates of $188.7 million (9% year-on-year growth, 0.8% miss) Adjusted EPS: $1.01 vs analyst expectations of $1.02 (1.3% miss) Market Capitalization: $2.74 billion While we enjoy listening to the management’s commentary, our favorite part of earnings calls is the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Feddie Strickland (Hovde Group) asked about expectations for continued loan growth and net new growth in the second half; CEO Scott Kingsley noted growth would likely normalize but highlighted robust commercial and indirect auto activity in Q2. Matthew Breese (Stephens) questioned the outlook for net interest margin amid competition for deposits; CFO Annette Burns said modest margin expansion is possible, but rising deposit costs and competition would limit upside. Manuel Navas (Piper Sandler) inquired about the deposit pipeline and conversion of loan growth into deposit growth; Kingsley responded that commercial account conversions take time but their treasury management platform supports strong relationship-building. Jacob Civiello (D.A. Davidson) sought updates on customer impact from the Micron semiconductor project; Kingsley said direct benefits are still developing, with a current focus on workforce and housing planning in the region. Daniel Cardenas (Janney Montgomery) asked about the size and fit of potential M&A targets; Kingsley said the sweet spot is $1 billion to $3 billion in assets and that any deals should complement geographic or noninterest income strategies. Going forward, the StockStory team will be watching (1) whether commercial loan growth continues at a healthy pace, (2) if the bank can maintain its low-cost deposit base amidst rising competition, and (3) progress on geographic expansion efforts, particularly in Rochester and Southern Maine. Developments in the Central New York semiconductor corridor and effective expense management will also be important indicators of execution. NBT Bancorp currently trades at $52.65, in line with $52.52 just before the earnings. Is there an opportunity in the stock? See for yourself in our full research report (it’s free for active Edge members). ALSO WORTH WATCHING: Top 5 Momentum Stocks. The best time to own a great stock is when the market is finally noticing it. These aren’t just high-quality businesses. Something is happening with them right now. Elite fundamentals meet near-term momentum — both boxes checked at the same time. Find out which stocks our AI platform is flagging this week. See this week’s Strong Momentum stocks — FREE. Get Our Strong Momentum Stocks for Free HERE. Stocks that have made our list include now familiar names such as Nvidia (+1,460% between June 2020 and June 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+1,154% between June 2020 and June 2025). Find your next big winner with StockStory today.

Make better investment decisions with Simply Wall St's easy, visual tools that give you a competitive edge. NBT Bancorp (NBTB) is back in focus after reporting second quarter 2026 results, alongside a higher quarterly dividend and fresh loan charge off figures, giving investors new data points to assess the stock. See our latest analysis for NBT Bancorp. The latest earnings, dividend increase and rise in loan net charge offs have coincided with a 30 day share price return of 8.17% and a 90 day share price return of 22.77%. Over a 1 year period the total shareholder return of 28.97% and 5 year total shareholder return of 75.60% suggest momentum has been building over time. If you want to broaden your watchlist beyond regional banks after NBT Bancorp's update, this is a good moment to uncover 18 top founder-led companies After NBT Bancorp’s strong run on the back of higher earnings and a bigger dividend, some investors may feel pressure to act quickly. Others will prefer to wait for a cooler entry. How does the current valuation stack up? The most followed narrative currently places NBT Bancorp’s fair value at $51.42, which sits below the latest close at $53.64 and frames the recent move into the low $50s as slightly ahead of those assumptions. Read the complete narrative. Want to see what kind of revenue build, margin lift, and future earnings multiple are incorporated into that fair value number? The full narrative outlines a detailed path for growth, profitability, and valuation that goes well beyond a simple P/E comparison. Result: Fair Value of $51.42 (OVERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, NBT Bancorp still carries concentration in slower growth regional markets and meaningful commercial lending exposure, which could pressure margins if credit conditions weaken. Find out about the key risks to this NBT Bancorp narrative. The analyst narrative sees NBT Bancorp as 4.3% overvalued at $53.64 versus a fair value of $51.42, using earnings forecasts and a future P/E of about 11x. By contrast, the current P/E of 13x sits above a fair ratio of 12.2x and above the US Banks industry at 11.9x. Is the recent share price strength already pricing in a lot of the good news? For a closer look at how earnings, the fair ratio, and peer comparisons line up, you can review the detailed valuation work in our breakdown. This also sets out how the ratio could move over time if expectations shift. See what the numbers say about this price — find out in our valuation breakdown. After weighing both the upbeat and more cautious signals around NBT Bancorp, it makes sense to move quickly and test the numbers yourself. To see a concise snapshot of what investors currently view as the main upside drivers alongside the biggest concerns, take a close look at the 4 key rewards and 1 important warning sign Before you move on from NBT Bancorp, take a moment to line up a few fresh candidates so you are not relying on a single regional bank story. Target resilient compounding potential by reviewing companies in the 49 high quality undervalued stocks that combine quality fundamentals with prices that sit below many investors' radars. Strengthen your income stream by checking out the 8 dividend fortresses and focus on businesses that aim to pair higher yields with consistent payouts. Protect your downside by scanning through the 83 resilient stocks with low risk scores so you can focus on stocks with steadier risk profiles and fewer unpleasant surprises. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NBTB. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Regional banking company NBT Bancorp (NASDAQ:NBTB) missed Wall Street’s revenue expectations in Q2 CY2026, but sales rose 9% year on year to $187.1 million. Its non-GAAP profit of $1.01 per share was 1.3% below analysts’ consensus estimates. Is now the time to buy NBTB? Find out in our full research report (it’s free). Revenue: $187.1 million vs analyst estimates of $188.7 million (9% year-on-year growth, 0.8% miss) Adjusted EPS: $1.01 vs analyst expectations of $1.02 (1.3% miss) Market Capitalization: $2.73 billion NBT Bancorp's second quarter results showed year-on-year growth, but both revenue and non-GAAP earnings per share came in slightly below Wall Street expectations. Management attributed the quarter’s performance to strong loan growth across commercial and consumer segments, as well as expansion in net interest margin. CEO Scott Kingsley emphasized that the recent Evans Bancorp integration has bolstered their presence in key New York markets, with the Buffalo region seeing particularly high loan origination. The company also noted a disciplined approach to deposit costs and ongoing benefits from their diversified revenue base. Looking ahead, NBT Bancorp's management is focused on sustaining organic loan growth, particularly in commercial and business banking, while maintaining a stable net interest margin. CFO Annette Burns stated that modest margin improvement is possible if interest rates remain steady, but noted rising competition for deposits. The company is investing in geographic expansion, including new branches in Southern Maine and Rochester, and monitoring workforce and housing development tied to the semiconductor corridor near Syracuse. Kingsley reiterated the goal to grow revenue faster than expenses, highlighting operational discipline and careful capital allocation as priorities for the rest of the year. NBT Bancorp's management cited several factors behind the quarter’s growth, including the contribution of recent acquisitions, organic loan growth, and effective cost management amid a competitive banking environment. Commercial loan momentum: The company saw strong commercial loan growth, especially in the Buffalo region, supported by both commercial real estate (CRE) and commercial and industrial (C&I) relationships. Management said all markets contributed positively. Deposit mix and funding discipline: Nearly 60% of total deposits are held in no- and low-cost checking and savings accounts, helping NBT maintain a competitive cost of funds. Management emphasized tactical efforts to grow these balances as higher-yielding time deposits are de-emphasized. Noninterest income strength: Fee income rose, led by retirement plan administration revenue and contributions from wealth management and insurance services. Management highlighted that noninterest income represented about 27% of total revenue, underscoring revenue diversification. Efficiency improvements: Operating expenses declined compared to the previous quarter, with occupancy costs dropping following seasonal peaks. The efficiency ratio fell below 60%, and management aims to maintain this level by keeping expense growth below revenue growth. Geographic expansion and market fill-in: The company is investing in new branches in Southern Maine and Rochester while seeking organic growth opportunities in New England and Upstate New York. Management also highlighted successful talent recruitment from peer institutions to support market fill-in strategies. NBT Bancorp’s outlook is driven by continued loan growth, further margin optimization, and measured expense increases, despite facing competitive deposit pressures and economic uncertainties. Sustained loan growth focus: Management expects commercial and business banking to drive additional loan expansion, though they do not anticipate the same pace as the second quarter. They believe successful deposit gathering will follow loan growth, but acknowledge that the conversion cycle for business accounts is lengthy. Net interest margin stability: The bank anticipates modest improvement in net interest margin if rates remain stable and commercial loan origination continues. However, competitive pressures on deposit costs may limit further expansion, and management is closely monitoring funding mix to preserve profitability. Expense control and efficiency: Management guided for operating expense growth in the 2.5% to 3% range for the year, with incremental increases expected from payroll and technology investments. They remain committed to growing revenue faster than expenses and sustaining the efficiency ratio at or below 60%. Going forward, the StockStory team will be watching (1) whether commercial loan growth continues at a healthy pace, (2) if the bank can maintain its low-cost deposit base amidst rising competition, and (3) progress on geographic expansion efforts, particularly in Rochester and Southern Maine. Developments in the Central New York semiconductor corridor and effective expense management will also be important indicators of execution. NBT Bancorp currently trades at $52.90, in line with $52.52 just before the earnings. Is there an opportunity in the stock? The answer lies in our full research report (it’s free for active Edge members). ALSO WORTH WATCHING: Top 5 Momentum Stocks. The best time to own a great stock is when the market is finally noticing it. These aren’t just high-quality businesses. Something is happening with them right now. Elite fundamentals meet near-term momentum — both boxes checked at the same time. Find out which stocks our AI platform is flagging this week. See this week’s Strong Momentum stocks — FREE. Get Our Strong Momentum Stocks for Free HERE. Stocks that have made our list include now familiar names such as Nvidia (+1,460% between June 2020 and June 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+271% between June 2020 and June 2025). Find your next big winner with StockStory today.

This article first appeared on GuruFocus. Net Income: $53 million or $1.02 per diluted common share for Q2 2026. Operating Earnings Growth: Improved by 15% compared to Q2 2025. Revenue Growth: 9% year-over-year. Expense Growth: 6% year-over-year. Net Interest Margin: Increased to 3.73%, up 14 basis points from the previous year. Total Loans: $11.9 billion, a 2.4% increase from December 31, 2025. Commercial Loans Growth: Increased by $178 million in the first half of 2026. Consumer Loans Growth: Increased by $98 million in the first half of 2026. Total Deposits: $13.5 billion at quarter end. Deposit Costs: Declined by 1 basis point to 1.33%. Net Interest Income: Record $137 million, up $3 million from Q1 2026. Non-Interest Income: $49.6 million, a 5.8% increase from Q2 2025. Operating Expenses: Declined 0.7% from the prior quarter. Provision for Loan Losses: $6.1 million for Q2 2026. Reserves: 1.18% of total loans, covering more than two times the level of non-performing loans. Tangible Book Value Per Share: $27.71, a 12.8% increase from the previous year. Quarterly Cash Dividend: Increased to $0.40 per share, an 8.1% increase over the prior year quarter. Warning! GuruFocus has detected 4 Warning Sign with NBTB. High Yield Dividend Stocks in Gurus' Portfolio This Powerful Chart Made Peter Lynch 29% A Year For 13 Years How to calculate the intrinsic value of a stock? Is NBTB fairly valued? Test your thesis with our free DCF calculator. Release Date: July 28, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. NBT Bancorp Inc (NASDAQ:NBTB) reported a significant increase in earnings, with net income of $53 million, marking a 15% improvement from the previous year. The company achieved a net interest margin expansion to 3.73%, an increase of 14 basis points from the prior year. Loan growth was robust, with a 2.4% increase in total loans for the first half of 2026, driven by strong performance in the Buffalo region. NBT Bancorp Inc (NASDAQ:NBTB) increased its quarterly cash dividend for the 14th consecutive year, reflecting a commitment to providing favorable long-term returns to shareholders. The company maintained a strong funding profile, with almost 60% of total deposits in no and low-cost checking and savings accounts, and a blended cost of just under 40 basis points. Commercial loan payoffs remained elevated compared to last year, although they decreased from the prior quarter. Total deposits declined by $205.7 million from March 31, 2026, primarily due to expected seasonal municipal outflows. The increase in provision for loan losses during the quarter was primarily due to providing for the second quarter's loan growth. Wealth management fees were down slightly this quarter, attributed to timing-related activity-based fees and personnel open positions. The company anticipates some increase in operating expenses due to additional payroll days and technology investments in the latter half of the year. Q: Can we expect a step up in net new loan growth in the second half of the year? A: Scott Kingsley, President and CEO, mentioned that while replicating the second-quarter growth might be challenging, the first half's performance is indicative of what they are capable of for the rest of the year. The second quarter saw robust growth in both CRE and C&I opportunities, as well as strong indirect auto growth. Q: What is the outlook for net interest margin (NIM) and deposit costs? A: Annette Burns, CFO, stated that there is potential for modest margin improvement over the next few quarters, given the current interest rate environment. While competition may influence deposit costs, they expect stable to slightly positive margin expansion. Q: How are you converting strong C&I growth into deposits? A: Scott Kingsley explained that their robust treasury management platform is highly valued by customers, making relationships sticky. They see opportunities to capitalize on deposit growth as good as lending opportunities, with new account openings expected to result in deposit growth over time. Q: Can you provide an update on the Micron project and its impact on customers? A: Scott Kingsley noted that the project is still in the early stages of construction, with site preparation ongoing. Workforce planning and housing development are gaining focus, with subcontracting awards being given to businesses in Central and Upstate New York. Q: What is the current M&A strategy and size range for potential acquisitions? A: Scott Kingsley stated that they are actively engaging with smaller community banks, focusing on institutions in the $1 billion to $3 billion range. They are interested in opportunities that align with their geographic strategies and offer unique non-interest income offerings. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Achieved significant earnings growth driven by net interest margin expansion to 3.73% and balanced loan growth across all business lines. Capitalized on the Evans Bancorp acquisition to establish a strong foundation in Buffalo and Rochester, with Buffalo leading the franchise in loan origination volume. Attributed the second quarter's robust loan activity to a recovery from first-quarter weather delays and a reduction in commercial real estate payoffs. Benefited from a diversified revenue base where noninterest income, led by retirement plan and wealth services, contributed 27% of total revenues. Observed building momentum in Central New York's semiconductor corridor, specifically citing Micron's site progress as a catalyst for future infrastructure and professional service opportunities. Maintained a superior funding profile with nearly 60% of deposits in low-cost accounts, resulting in a total cost of funds of 1.41%. Anticipates modest net interest margin improvement over the next few quarters, contingent on the yield curve and reinvestment of portfolio cash flows. Projects full-year operating expense growth in the 2.5% to 3% range, accounting for technology investments and additional payroll days in the second half. Focuses organic expansion on 'filling in' the 7-state footprint, with specific branch investments planned for Rochester, NY, and Southern Maine through 2027. Expects continued upward repricing of commercial and residential mortgage loans, though management notes competitive pressures may influence deposit acquisition costs. Targets maintaining an efficiency ratio at or below 60% by prioritizing revenue growth over expense increases. Increased the quarterly cash dividend by 8.1% to $0.40 per share, marking the 14th consecutive year of dividend growth. Utilized excess capital for opportunistic share repurchases, totaling 318,000 shares in the first half of 2026. Identified potential workforce housing shortages in Central New York as a regional development focus to support the upcoming semiconductor manufacturing influx. Noted that while indirect auto originations were strong in Q2, volume is expected to normalize in the second half of the year. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management clarified that while Q2 growth was robust due to Q1 timing delays, the first-half trend of 2.4% is a more sustainable indicator for the remainder of the year. Indirect auto is valued for its low duration (24-36 months) and yields north of 5%, despite recent competitive pricing pressures. Management expressed a preference for 'sweet spot' targets between $1 billion and $3 billion in assets to justify the integration effort. Stated a clear aversion to transactions requiring regulatory divestitures, preferring to avoid markets where they already hold high concentration. Management emphasized that C&I growth is the primary lead for their treasury management platform, though converting these to full deposit relationships typically takes several quarters. Confirmed that checking accounts remain the lead product for both commercial and personal segments to manage funding costs.

Interested in NBT Bancorp Inc.? Here are five stocks we like better. NBT Bancorp reported stronger second-quarter results, with net income of $53 million, or $1.02 per diluted share, driven by record net interest income, loan growth and fee-based revenue. Operating earnings rose 15% year over year, while tangible book value per share increased 12.8%. Loans grew 2.4% from year-end to $11.9 billion, with expansion across commercial and consumer businesses. Net interest margin rose to 3.73%, and management expects margins to remain stable to modestly higher over the next several quarters. The company raised its quarterly dividend 8.1% to $0.40 per share and continues investing in expansion across Southern Maine, Southern New Hampshire and Rochester, New York. Management also cited growing opportunities tied to Micron’s Syracuse-area semiconductor project and remains open to community-bank acquisitions. NBT Bancorp (NASDAQ:NBTB) reported second-quarter net income of $53 million, or $1.02 per diluted common share, as record net interest income, loan growth and fee-based revenue contributed to improved results. President and CEO Scott Kingsley said the company delivered “significantly stronger earnings” than in the prior-year quarter, with operating earnings rising 15%. Operating return on assets was 1.32% and operating return on tangible equity was 15.61%, while tangible book value per share reached $27.71, up 12.8% from a year earlier. → Volatility Is Back and These 3 Market Tollbooths Are Best Positioned to Profit The company also raised its quarterly cash dividend to $0.40 per share for the third quarter, an 8.1% increase from the prior-year quarter and its 14th consecutive annual dividend increase. NBT repurchased 318,000 shares during the first half of 2026. Total loans ended the quarter at $11.9 billion, an increase of $276 million, or 2.4%, from Dec. 31, 2025. Chief Financial Officer Annette Burns said all business lines grew during the first six months of the year, including a $178 million increase in commercial loans and a $98 million increase in consumer loans. → This Tiny AI Supplier Could Be More Important Than the Chipmakers Commercial growth was balanced between commercial and industrial lending and commercial real estate relationships, according to Burns. Kingsley said loan activity improved after difficult winter conditions and elevated commercial real estate payoffs affected the first quarter. While he said the company may not replicate second-quarter growth in the second half, he characterized first-half performance as indicative of the company’s capability on a go-forward basis. Kingsley also cited strong indirect auto lending during the quarter, though he said second-half growth in that category is not expected to match the second-quarter level. He said new indirect auto origination yields declined amid competition, but described the portfolio as fast-turning and low duration, with favorable loss characteristics. → 2 Stocks Built to Thrive If Inflation Refuses to Fade Net interest income rose to a record $137 million, up $3 million from the first quarter and more than 10% from the second quarter of 2025. The increase reflected organic growth in interest-earning assets, lower funding costs and one additional calendar day in the quarter, Burns said. Net interest margin increased one basis point sequentially to 3.73%, and was 14 basis points above the year-earlier level. Management said the balance sheet remains positioned for a range of interest-rate environments, although further movement in earning-asset yields and margin will depend largely on the yield curve and reinvestment of loan and securities portfolio cash flows. Burns said NBT expects stable to modestly higher margin over the next couple of quarters based on current rates. New originations are expected to be concentrated in commercial lending and residential mortgages, where management sees potential for higher pricing, although competition and deposit acquisition costs could affect that opportunity. Total deposits stood at $13.5 billion at quarter-end. Deposits declined $205.7 million from March 31, primarily because of seasonal municipal outflows. Nearly 60% of deposits were held in no- and low-cost checking and savings accounts, with a blended cost just below 40 basis points. Total deposit costs fell one basis point during the quarter to 1.33%, while total funding costs declined to 1.41%. Kingsley said commercial and business banking relationships create opportunities to add deposits through NBT’s treasury management platform. He said deposit growth from newly opened commercial relationships typically develops over quarters rather than weeks, as customers transition their banking activity. Excluding securities gains, non-interest income was $49.6 million, unchanged from the prior quarter and up 5.8% year over year. Retirement plan administration revenue increased 7.8% from a year earlier. Combined quarterly revenue from retirement plan services, wealth management and insurance services exceeded $32 million, and non-interest income represented about 27% of total revenue. Management said wealth management revenue was affected by the timing of activity-based fees and open personnel positions that affected production during the quarter. Total operating expenses declined 0.7% sequentially. Salaries and employee benefits were $69 million, rising modestly because of the full-quarter effect of March merit increases, an additional payroll day and higher medical costs. Those factors were partly offset by lower payroll taxes and stock-based compensation expenses. Burns said NBT expects full-year operating expense growth of roughly 2.5% to 3%, with payroll timing, incentive compensation and technology investments contributing to higher expenses in the second half. Provision expense was $6.1 million, compared with $5.6 million in the first quarter, primarily reflecting loan growth. Loan loss reserves were 1.18% of total loans and covered more than twice the level of nonperforming loans. Kingsley said NBT continues to benefit from its acquisition of Evans Bancorp, completed more than a year ago, and noted that the Buffalo region generated the highest loan origination volume across the company during the second quarter. The company is pursuing organic expansion in Southern Maine, Southern New Hampshire and the Rochester, New York, market. Kingsley said NBT opened a branch south of Portland earlier this year and plans another in early 2027. It has also committed to two sites in the greater Rochester market and is evaluating additional locations. Management also pointed to growing activity around Micron’s semiconductor project near Syracuse. Kingsley said construction has advanced and opportunities are emerging in infrastructure, construction and professional services. He added that workforce training, housing and community development are becoming a greater focus as the project progresses toward expected production in 2030. On acquisitions, Kingsley said NBT remains in regular discussions with smaller community banks, though there has not been substantial transaction activity in its markets. The company generally views institutions with $1 billion to $3 billion in assets as its preferred range, while also considering smaller firms with differentiated non-interest income businesses. NBT Bancorp, Inc (NASDAQ: NBTB) is the bank holding company for NBT Bank, N.A., a full-service commercial bank that serves both individual and corporate clients across the Northeastern United States. Through its branch network and digital channels, the company offers a comprehensive range of commercial banking services, including business lending, treasury management, cash management and specialized industry financing. Its consumer banking platform provides checking and savings accounts, certificates of deposit, home mortgages, home equity lines of credit and other lending solutions tailored to meet personal and household financial needs. In addition to traditional banking, NBT Bancorp delivers wealth management and fiduciary services through its trust division, offering investment advisory, trust administration, retirement planning and estate settlement. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "NBT Bancorp Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

NORWICH, N.Y., July 27, 2026 (GLOBE NEWSWIRE) -- NBT Bancorp Inc. (“NBT” or the “Company”) (NASDAQ: NBTB) reported net income and diluted earnings per share for the three and six months ended June 30, 2026. Net income for the second quarter of 2026 was $53.0 million, or $1.02 per diluted common share, compared to $22.5 million, or $0.44 per diluted common share, for the second quarter of 2025, and $51.1 million, or $0.98 per diluted common share, for the first quarter of 2026. Operating diluted earnings per share(1), a non-GAAP measure, was $1.01 for the second quarter of 2026, compared to $0.88 for the second quarter of 2025 and $0.97 for the first quarter of 2026. The Company completed the acquisition of Evans Bancorp, Inc. (“Evans”) on May 2, 2025, adding 200 employees and 18 banking locations in Western New York, $1.67 billion in loans and $1.86 billion in deposits. In connection with the transaction, the Company issued 5.1 million shares of common stock, with a value of $221.8 million as of the closing date. The comparison to the second quarter of 2025 is significantly impacted by the Evans acquisition. CEO Comments “The second quarter demonstrated the strength and momentum of NBT’s diversified banking franchise,” said NBT President and CEO Scott Kingsley. “We generated significantly stronger earnings than the prior year quarter, grew loans across every business line and expanded our net interest margin to 3.73%, an increase of 14 basis points from one year ago. These results reflect the trust our customers place in us, the dedication of our employees and our disciplined approach to building long-term relationships and sustainable growth. With strong balance sheet fundamentals, healthy loan growth and continued momentum across our franchise, we are well positioned as we enter the second half of 2026.” “We are also pleased to announce that we have increased our quarterly cash dividend for the fourteenth consecutive year to $0.40 per share in the third quarter,” added Kingsley. “This increase in the quarterly cash dividend of 8.1% affirms our continued commitment to providing favorable long-term returns to our shareholders.” Second Quarter 2026 Financial Highlights Loans Period end total loans were $11.87 billion at June 30, 2026, compared to $11.60 billion at December 31, 2025, with all business lines experiencing growth in the second quarter of 2026. Period end total loans increased $276.0 million, or 2.4% from December 31, 2025 which included a $52.4 million decrease in the other consumer and residential solar portfolios, which are in a planned run-off status. Deposits Total deposits at June 30, 2026 were $13.54 billion compared to $13.50 billion at December 31, 2025. Deposit mix characteristics improved with an increase in demand deposits, interest-bearing checking, savings and money market accounts, partially offset by a decrease in time deposits. Total deposits decreased $205.7 million from March 31, 2026, primarily due to expected seasonal municipal outflows. The loan to deposit ratio was 87.7% at June 30, 2026, compared to 85.9% at December 31, 2025. Net Interest Income and Net Interest Margin Net interest income for the second quarter of 2026 was $137.0 million, an increase of $2.6 million, or 1.9%, from the first quarter of 2026 and an increase of $12.7 million, or 10.3%, from the second quarter of 2025. The increase in net interest income from the first quarter of 2026 was driven by one additional day in the second quarter of 2026, organic growth in interest-earning assets and a decrease in funding costs. The increase in net interest income from the second quarter of 2025 resulted primarily from the improvement in net interest margin, the Evans acquisition, organic growth in interest-earning assets and a decrease in funding costs. The NIM on an FTE basis for the second quarter of 2026 was 3.73%, an increase of 1 bp from the first quarter of 2026, as a 1 bp decrease in the cost of funds more than offset a 1 bp decline in earning asset yields. The NIM on an FTE basis increased 14 bps from the second quarter of 2025 due to the impact of the Evans acquisition, organic growth and a decrease in the cost of funds. Earning asset yields for the three months ended June 30, 2026 decreased 1 bp from the prior quarter to 5.05%. Loan yields for the three months ended June 30, 2026 decreased 2 bps from the prior quarter to 5.64%. Earning asset yields decreased 7 bps from the same quarter in the prior year due to Federal Reserve interest rate cuts in 2025. Average earning assets increased $109.8 million, or 0.7%, from the first quarter of 2026 and grew $846.2 million, or 6.1%, from the second quarter of 2025 due primarily to the addition of the interest-earning assets acquired from Evans and organic earning asset growth. Total cost of deposits, including noninterest bearing deposits, was 1.33% for the second quarter of 2026, a decrease of 1 bp from the prior quarter, primarily due to the decrease in the cost of time deposits. Total cost of deposits decreased 18 bps from the same period in the prior year. Total cost of funds for the three months ended June 30, 2026 was 1.41%, a decrease of 1 bp from the prior quarter and a decrease of 21 bps from the second quarter of 2025. Asset Quality and Allowance for Loan Losses Net charge-offs to total average loans for the second quarter of 2026 was 15 bps, compared to 17 bps in the prior quarter primarily due to a decrease in commercial net charge-offs, partially offset by an increase in residential solar and other consumer net charge-offs. Nonperforming assets to total assets was 0.40% at June 30, 2026, up from 0.38% at March 31, 2026 and up from 0.33% at December 31, 2025. The increase in nonperforming assets was primarily due to an additional commercial lending relationship placed in nonaccrual status during the quarter. Past due loans to total loans increased 23 basis points from March 31, 2026, driven primarily by an increase in past due commercial loans. The majority of these loans are expected to return to current status in the third quarter. Provision expense for the three months ended June 30, 2026 was $6.1 million, compared to $5.6 million for the first quarter of 2026. The increase in the provision for loan losses during the quarter was primarily due to providing for the second quarter’s loan growth. The allowance for loan losses was $140.5 million, or 1.18% of total loans, at June 30, 2026, compared to $138.6 million, or 1.20% of total loans, at March 31, 2026 and compared to $138.0 million, or 1.19% of total loans, at December 31, 2025. The increase in the allowance for loan losses in the second quarter of 2026 was primarily driven by providing for the second quarter’s loan growth, partially offset by portfolio mix changes with the run-off of the other consumer and residential solar portfolios. The reserve for unfunded loan commitments was $5.5 million at June 30, 2026 and March 31, 2026, compared to $5.8 million at December 31, 2025. Noninterest Income Total noninterest income, excluding securities gains, was $49.6 million for the three months ended June 30, 2026, consistent with the first quarter of 2026, and up $2.7 million, or 5.8%, from the second quarter of 2025. Service charges on deposit accounts were comparable to the prior quarter and higher than the second quarter of 2025 due primarily to the Evans acquisition and new account growth. Card services income increased $0.6 million, or 9.7%, from the prior quarter and increased $0.5 million, or 8.8% from the second quarter of 2025. The increase was driven by seasonal increased volumes. Retirement plan administration fees increased $0.4 million, or 2.2%, from the prior quarter and increased $1.2 million, or 7.8%, from the second quarter of 2025. The increase from the prior quarter and the second quarter of 2025 was driven by higher activity-based fees, additional fees from new customer relationships and increased market values of assets under administration. Noninterest Expense Total noninterest expense was $111.4 million for the second quarter of 2026, compared to $112.2 million for the first quarter of 2026 and $122.6 million for the second quarter of 2025. Excluding acquisition expenses of $17.2 million in the second quarter of 2025, noninterest expense was 5.7% higher than the second quarter of 2025 primarily due to the Evans acquisition and continued investments in our people, markets and infrastructure. Salaries and benefits increased 0.4% from the prior quarter driven by a full quarter of merit pay increases, which were effective in March, one additional payroll day and higher medical expenses. The increase was partially offset by lower payroll taxes and stock-based compensation expenses which are seasonally higher in the first quarter. The increase from the second quarter of 2025 was driven by the impact of the Evans acquisition as NBT added 200 Evans employees in May 2025, annual merit pay increases and higher medical expenses. Technology and data services were consistent with the prior quarter and increased $1.0 million from the second quarter of 2025 primarily due to the Evans acquisition, timing of planned activities and ongoing investment in enterprise technology initiatives. Occupancy costs decreased $1.5 million from the prior quarter and increased $0.4 million from the second quarter of 2025. The $1.5 million decrease from the prior quarter was driven by lower seasonal maintenance and utilities costs following the harsh winter conditions across the footprint in the first quarter of 2026. The $0.4 million increase from the second quarter of 2025 was driven by additional expenses from the Evans acquisition and higher facilities costs related to new branch banking locations. Professional fees and outside services were consistent with the prior quarter and increased $0.6 million from the second quarter of 2025 primarily due to the Evans acquisition and the timing of various initiatives. No provision expense for unfunded loan commitments was recognized for the three months ended June 30, 2026, compared to expense of $1.7 million for the three months ended June 30, 2025, which included $0.5 million of acquisition-related provision associated with unfunded loan commitments acquired in the Evans acquisition. Other expenses were consistent with the prior quarter and increased $0.6 million from the second quarter of 2025. The increase from the second quarter of 2025 reflects the Evans acquisition including increased FDIC insurance expense, travel and charitable contributions. Income Taxes The effective tax rate for the second quarter of 2026 was 23.3%, which was consistent with the prior quarter and down from 26.7% for the second quarter of 2025. The decrease in the effective tax rate from the second quarter of 2025 was primarily due to the second quarter 2025 estimated impact of nondeductible acquisition expenses related to the Evans acquisition and a lower level of tax-exempt income as a percentage of total pretax income. Capital Tangible common equity to tangible assets(1) was 9.16% at June 30, 2026. Tangible book value per share(2) was $27.71 at June 30, 2026, which increased 4.4% from $26.54 at December 31, 2025 and increased 12.8% from $24.57 at June 30, 2025. Stockholders’ equity increased $47.7 million from December 31, 2025 driven by net income generation of $104.2 million, partially offset by dividends declared of $38.5 million, the repurchase of common stock of $14.0 million and a $6.5 million increase in accumulated other comprehensive loss reflecting the change in the fair value of securities available for sale. As of June 30, 2026, CET1 capital ratio of 12.24%, leverage ratio of 9.85% and total risk-based capital ratio of 14.18%. Dividend The Board of Directors approved a third-quarter cash dividend of $0.40 per share at a meeting held earlier today. The dividend represents a $0.03 per share, or 8.1%, increase over the dividend paid in the third quarter of 2025. This is the Company’s fourteenth consecutive year of annual dividend increases. The dividend will be paid on September 15, 2026 to stockholders of record as of September 1, 2026. Stock Repurchase The Company purchased 68,595 shares of its common stock during the second quarter of 2026 for a total of $3.0 million at an average price of $43.96 per share under its previously announced stock repurchase program. The Company may repurchase shares of its common stock from time to time to mitigate the potential dilutive effects of stock-based incentive plans and other potential uses of common stock for corporate purposes. As of June 30, 2026, there were 1,431,405 shares available for repurchase under this plan. Subordinated Debt Redemption On June 30, 2026, the Company redeemed $25 million of subordinated debt using existing liquidity sources. The subordinated debt had a fixed rate of 3.50% which converted to a floating rate at 6.50% in the second quarter of 2026. Conference Call and Webcast The Company will host a conference call at 10:00 a.m. (Eastern) Tuesday, July 28, 2026, to review the second quarter 2026 financial results. The audio webcast link, along with the corresponding presentation slides, will be available on the Company’s Event Calendar page at www.nbtbancorp.com/bn/presentations-events.html#events and will be archived for twelve months. Corporate Overview NBT Bancorp Inc. is a financial holding company headquartered in Norwich, NY, with total assets of $16.21 billion at June 30, 2026. The Company primarily operates through NBT Bank, N.A., a full-service community bank, and through two financial services companies. NBT Bank, N.A. has 173 banking locations in New York, Pennsylvania, Vermont, Massachusetts, New Hampshire, Maine and Connecticut. EPIC Retirement Plan Services, based in Rochester, NY, is a national benefits administration firm. NBT Insurance Agency, LLC, based in Norwich, NY, is a full-service regional insurance agency. More information about NBT and its divisions is available online at: www.nbtbancorp.com, www.nbtbank.com, www.epicrps.com and www.nbtbank.com/Insurance. Forward-Looking Statements This press release contains forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of phrases such as “anticipate,” “believe,” “expect,” “forecasts,” “projects,” “will,” “can,” “would,” “should,” “could,” “may,” or other similar terms. There are a number of factors, many of which are beyond the Company’s control, that could cause actual results to differ materially from those contemplated by any forward-looking statements. Factors that may cause actual results to differ materially from those contemplated by such forward-looking statements include, among others, the following possibilities: (1) local, regional, national and international economic conditions, including actual or potential stress in the banking industry, and the impact they may have on the Company and its customers, and the Company’s assessment of that impact; (2) changes in the level of nonperforming assets and charge-offs; (3) changes in estimates of future reserve requirements based upon the periodic review thereof under relevant regulatory and accounting requirements; (4) the effects of and changes in trade and monetary and fiscal policies and laws, including the interest rate policies of the Federal Reserve Board (“FRB”) and international trade disputes (including threatened or implemented tariffs imposed by the U.S. and threatened or implemented tariffs imposed by foreign countries in retaliation); (5) inflation, interest rate, securities market and monetary fluctuations; (6) political instability; (7) acts of war, including international military conflicts, or terrorism; (8) the timely development and acceptance of new products and services and the perceived overall value of these products and services by users; (9) changes in consumer spending, borrowing and saving habits; (10) changes in the financial performance and/or condition of the Company’s borrowers; (11) technological changes; (12) acquisition and integration of acquired businesses; (13) the ability to increase market share and control expenses; (14) changes in the competitive environment among financial holding companies; (15) the effect of changes in laws and regulations (including laws and regulations concerning taxes, banking, securities and insurance) with which the Company and its subsidiaries must comply, including those under the Dodd-Frank Act, and the Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018; (16) the effect of changes in accounting policies and practices, as may be adopted by the regulatory agencies, as well as the Public Company Accounting Oversight Board, the Financial Accounting Standards Board and other accounting standard setters; (17) changes in the Company’s organization, compensation and benefit plans; (18) the costs and effects of legal and regulatory developments, including the resolution of legal proceedings or regulatory or other governmental inquiries, and the results of regulatory examinations or reviews; (19) greater than expected costs or difficulties related to the integration of new products and lines of business; and (20) the Company’s success at managing the risks involved in the foregoing items. The Company cautions readers not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made, and advises readers that various factors, including, but not limited to, those described above and other factors discussed in the Company’s annual and quarterly reports previously filed with the SEC, could affect the Company’s financial performance and could cause the Company’s actual results or circumstances for future periods to differ materially from those anticipated or projected. Unless required by law, the Company does not undertake, and specifically disclaims any obligations to, publicly release any revisions that may be made to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements. Non-GAAP Measures This press release contains financial information determined by methods other than in accordance with U.S. generally accepted accounting principles (“GAAP”). Where non-GAAP disclosures are used in this press release, the comparable GAAP measure, as well as a reconciliation to the comparable GAAP measure, is provided in the accompanying tables. Management believes that these non-GAAP measures provide useful information that is important to an understanding of the results of the Company’s core business as well as provide information standard in the financial institution industry. Non-GAAP measures should not be considered a substitute for financial measures determined in accordance with GAAP and investors should consider the Company’s performance and financial condition as reported under GAAP and all other relevant information when assessing the performance or financial condition of the Company. Amounts previously reported in the consolidated financial statements are reclassified whenever necessary to conform to current period presentation. This press release was published by a CLEAR® Verified individual.

NBT Bancorp (NBTB) reported $187.3 million in revenue for the quarter ended June 2026, representing a year-over-year increase of 9%. EPS of $1.01 for the same period compares to $0.88 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $187.52 million, representing a surprise of -0.12%. The company delivered an EPS surprise of -0.98%, with the consensus EPS estimate being $1.02. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how NBT performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net interest margin (FTE): 3.7% versus 3.7% estimated by three analysts on average. Average Balance - Total interest-earning assets: $14.8 billion versus $14.77 billion estimated by three analysts on average. Net charge-offs to average loans: 0.2% compared to the 0.2% average estimate based on two analysts. Total Noninterest Income: $49.73 million versus the three-analyst average estimate of $50.09 million. Net Interest Income: $136.96 million versus the two-analyst average estimate of $137.23 million. Bank owned life insurance income: $2.51 million versus $2.7 million estimated by two analysts on average. Insurance services: $4.18 million versus $4.28 million estimated by two analysts on average. Wealth management: $10.95 million versus the two-analyst average estimate of $11.23 million. Card services income: $6.61 million compared to the $6.27 million average estimate based on two analysts. Other: $3.19 million compared to the $3.7 million average estimate based on two analysts. Service charges on deposit accounts: $5.19 million compared to the $5.19 million average estimate based on two analysts. Net interest income (FTE): $137.58 million compared to the $137.2 million average estimate based on two analysts. View all Key Company Metrics for NBT here>>> Shares of NBT have returned +5.6% over the past month versus the Zacks S&P 500 composite's +0.8% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NBT Bancorp Inc. (NBTB) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

NBT Bancorp (NBTB) came out with quarterly earnings of $1.01 per share, missing the Zacks Consensus Estimate of $1.02 per share. This compares to earnings of $0.88 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -0.98%. A quarter ago, it was expected that this financial holding company would post earnings of $0.98 per share when it actually produced earnings of $0.97, delivering a surprise of -1.02%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. NBT, which belongs to the Zacks Banks - Northeast industry, posted revenues of $187.3 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 0.12%. This compares to year-ago revenues of $171.81 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. NBT shares have added about 26.2% since the beginning of the year versus the S&P 500's gain of 8.3%. While NBT has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for NBT was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.07 on $192.54 million in revenues for the coming quarter and $4.14 on $757.95 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 30% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, BCB Bancorp (BCBP), is yet to report results for the quarter ended June 2026. The results are expected to be released on August 3. This community bank is expected to post quarterly earnings of $0.25 per share in its upcoming report, which represents a year-over-year change of +38.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. BCB Bancorp's revenues are expected to be $25.53 million, up 1.4% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NBT Bancorp Inc. (NBTB) : Free Stock Analysis Report BCB Bancorp, Inc. (NJ) (BCBP) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research