Nbt Bancorp Stock Earnings Reports

NBT Bancorp reported solid second-quarter 2026 results with net income of $53 million ($1.20 per diluted share) and operating earnings up 15% year-over-year. Key highlights include: loan growth across all business lines (total loans $11.9 billion, up $276 million or 2.4% from 12/31/2025), record net interest income ($137 million) and expanded net interest margin to 3.73% (up 14 bps year-over-year). Deposits were $13.5 billion with a favorable mix shift from higher-cost time deposits into checking, savings and money market accounts; total deposit cost was 1.33% and cost of funds 1.41%. Noninterest income remained diversified and healthy (retirement plan, wealth and insurance combined >$32 million), representing ~27% of revenues. Operating leverage continued as revenue growth (9%) outpaced expense growth (6%), and the efficiency ratio improved below 60%. Asset quality remained solid with reserves at 1.18% of loans and coverage >2x nonperforming loans. Capital is strong (tangible book value per share $27.71, +12.8% YoY), enabling an 8.1% quarterly dividend increase (to $0.40) — the 14th consecutive annual dividend increase — and opportunistic share repurchases (318k shares bought in H1). Management expects modest NIM improvement in the near term dependent on yield curve dynamics, continues to prioritize organic growth and disciplined capital deployment, remains opportunistic but selective on M&A (targeting roughly $1B–$3B institutions or strategically complementary smaller targets), and sees growing local economic opportunities tied to Micron-related activity in Central New York. Overall, the bank is positioned for continued growth with capital flexibility, stable funding, diversified fee income, and disciplined expense management.