NBT Bancorp reported net income of $53.0 million for Q2 2026, with diluted earnings per share of $1.02 and operating diluted EPS of $1.01. Total net interest income (FTE) was $137.6 million and net interest margin expanded to 3.73% for the quarter. The board approved a quarterly cash dividend increase to $0.40 per share, an 8.1% rise year-over-year.

Financial Highlights

  • Net income: $53.0 million for the three months ended June 30, 2026; diluted EPS: $1.02.
  • Operating net income: $52.9 million; operating diluted EPS: $1.01 (non-GAAP).
  • Net interest income (FTE): $137.6 million; net interest income (reported): $136.96 million.
  • Net interest margin (FTE): 3.73% for Q2 2026, up 14 basis points from Q2 2025.
  • Total noninterest income (excluding securities gains): $49.6 million; total noninterest expense: $111.4 million.

Business Highlights

  • Completed integration impact: Results reflect the May 2, 2025 acquisition of Evans Bancorp, which added 18 branches, ~200 employees, $1.67 billion loans and $1.86 billion deposits.
  • Loan growth: Period-end total loans reached $11.87 billion, up $276.0 million (2.4%) from December 31, 2025; growth across all business lines during Q2 2026.
  • Deposit mix improvement: Period-end deposits were $13.54 billion with increases in demand, interest-bearing checking, savings and money market balances and a decline in time deposits; loan-to-deposit ratio at 87.7%.
  • Asset quality: Nonperforming loans were $65.3 million (0.55% of loans); allowance for loan losses was $140.5 million (1.18% of loans); net charge-offs annualized 0.15%.
  • Capital and capital actions: Stockholders’ equity $1.94 billion; tangible book value per share $27.71 (up 4.4% from 12/31/25); CET1 ratio 12.24%; redeemed $25 million of subordinated debt on June 30, 2026.

Original SEC Filing:

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.