GlobeNewswire·Jul 27, 2026, 4:15 PM ET

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

NBTB

NBT Bancorp Inc. reported second quarter 2026 net income of $53.0 million, or $1.02 per diluted share, compared to $22.5 million, or $0.44 per share, in the same period of 2025.
Operating diluted earnings per share for the second quarter 2026 was $1.01, up from $0.88 in the second quarter 2025.
The company completed its acquisition of Evans Bancorp, Inc. on May 2, 2025, adding 200 employees, 18 locations, $1.67 billion in loans, and $1.86 billion in deposits.
Net interest margin increased to 3.73% for the second quarter 2026, a rise of 14 basis points from the prior year quarter.
Total loans reached $11.87 billion at June 30, 2026, representing a 2.4% increase from December 31, 2025.
Total deposits stood at $13.54 billion as of June 30, 2026, with a loan-to-deposit ratio of 87.7%.
The allowance for loan losses was $140.5 million, or 1.18% of total loans, at the end of the second quarter 2026.
Nonperforming loans to total loans ratio was 0.55% at June 30, 2026.
The Board of Directors increased the quarterly cash dividend by 8.1% to $0.40 per share for the third quarter 2026, marking the fourteenth consecutive year of increases.
Common stockholders' equity was $1.94 billion as of June 30, 2026, with a tangible book value per share of $27.71.
The Common Equity Tier 1 (CET1) capital ratio was 12.24% and the leverage ratio was 9.85% at June 30, 2026.
The company purchased 68,595 shares of common stock during the quarter for $3.0 million under its repurchase program.
On June 30, 2026, NBT Bancorp redeemed $25 million of subordinated debt using existing liquidity sources.
Total noninterest expense for the quarter was $111.4 million, down from $122.6 million in the second quarter 2025.
The effective tax rate for the second quarter 2026 was 23.3%, down from 26.7% in the same period of 2025.