{"id":1014324,"date":"2026-10-27T19:16:39","date_gmt":"2026-10-27T23:16:39","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/nbt-bancorp-inc-announces-record-third-quarter-2026-results-and-declares-cash-dividend\/"},"modified":"2026-10-27T19:16:39","modified_gmt":"2026-10-27T23:16:39","slug":"nbt-bancorp-inc-announces-record-third-quarter-2026-results-and-declares-cash-dividend","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/nbt-bancorp-inc-announces-record-third-quarter-2026-results-and-declares-cash-dividend\/","title":{"rendered":"NBT Bancorp Inc. Announces Record Third Quarter 2026 Results and Declares Cash Dividend"},"content":{"rendered":"
\n

NORWICH, N.Y., Oct. 27, 2026 (GLOBE NEWSWIRE) — NBT Bancorp Inc. (\u201cNBT\u201d or the \u201cCompany\u201d) (NASDAQ: NBTB) reported net income and diluted earnings per share for the three and nine months ended September 30, 2026.<\/p>\n

Net income for the third quarter of 2026 was $58.0 million, or $1.11 per diluted common share, compared to $54.5 million, or $1.03 per diluted common share, for the third quarter of 2025, and $53.0 million, or $1.02 per diluted common share, for the second quarter of 2026. Operating diluted earnings per share(<\/sup>1)<\/sup>, a non-GAAP measure, was $1.11 for the third quarter of 2026, compared to $1.05 for the third quarter of 2025 and $1.01 for the second quarter of 2026.<\/p>\n

\n CEO Comments<\/strong>\n <\/p>\n

\u201cOur record third quarter results reflect the strength of our diversified business model and disciplined execution across the company,\u201d said NBT President and CEO Scott Kingsley. \u201cWe delivered solid loan growth, grew net interest income and expanded our net interest margin, and continued to maintain strong capital levels. These results position us well to continue serving our customers and communities and creating long-term value for our shareholders.\u201d<\/p>\n

\n Third Quarter 2026 Financial Highlights<\/strong>
\n \n <\/p>\n\n\n\n\n\n\n\n
Net Income<\/td>\n\n
    \n
  • Net income was $58.0 million and diluted earnings per share was $1.11<\/li>\n
  • Revenues grew 4.5% while expenses increased 3.3% from the previous quarter<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
Net Interest Income \/ NIM<\/td>\n\n
    \n
  • Net interest income on a fully taxable equivalent (\u201cFTE\u201d) basis was $142.7 million(<\/sup>1)<\/sup><\/li>\n
  • Net interest margin (\u201cNIM\u201d) on an FTE basis was 3.78%(<\/sup>1)<\/sup>, an increase of 5 basis points (\u201cbps\u201d) from the prior quarter<\/li>\n
  • Earning asset yields of 5.11% were up 6 bps from the prior quarter<\/li>\n
  • Total cost of funds of 1.42% was up 1 bp from the prior quarter<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
Noninterest Income<\/td>\n\n
    \n
  • Noninterest income was $52.9 million, or 27% of total revenues, excluding net securities gains<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
Loans and Credit Quality<\/td>\n\n
    \n
  • Period end loans were $11.95 billion<\/li>\n
  • Net charge-offs to average loans was 0.14% annualized<\/li>\n
  • Nonperforming loans to total loans was 0.59%<\/li>\n
  • Allowance for loan losses to total loans was 1.17%<\/li>\n
  • Provision for loan losses was $3.8 million<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
Deposits<\/td>\n\n
    \n
  • Period end deposits were $13.59 billion<\/li>\n
  • Total cost of deposits was 1.32% for the third quarter of 2026, down 1 bp from the second quarter of 2026<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
Capital<\/td>\n\n