NBT Bancorp Inc. Announces Second Quarter 2026 Results and Approves an 8.1% Cash Dividend Increase

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.

Net income was $53.0 million and diluted earnings per share was $1.02 Operating net income was $52.9 million and operating diluted earnings per share was $1.01 (1) Net Interest Income / NIM Net interest income on a fully taxable equivalent (“FTE”) basis was $137.6 million ( 1) Net interest margin (“NIM”) on an FTE basis was 3.73% ( 1) , an increase of 1 basis point (“bp”) from the prior quarter Earning asset yields of 5.05% were down 1 bp from the prior quarter Total cost of funds of 1.41% was down 1 bp from the prior quarter Noninterest Income Noninterest income was $49.6 million, or 27% of total revenues, excluding net securities gains Loans and Credit Quality Period end loans were $11.87 billion Net charge-offs to average loans was 0.15% annualized Nonperforming loans to total loans was 0.55% Allowance for loan losses to total loans was 1.18% Provision for loan losses was $6.1 million Deposits Period end deposits were $13.54 billion Total cost of deposits was 1.33% for the second quarter of 2026, down 1 bp from the first quarter of 2026 Capital Stockholders’ equity was $1.94 billion as of June 30, 2026 Tangible book value per share ( 2) was $27.71 at June 30, 2026 an increase of 4.4% from December 31, 2025 Tangible equity to assets was 9.16% ( 1) CET1 ratio of 12.24%; Leverage ratio of 9.85% 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...