{"id":954426,"date":"2026-04-23T16:41:49","date_gmt":"2026-04-23T20:41:49","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/nbt-bancorp-inc-announces-first-quarter-2026-results\/"},"modified":"2026-04-23T16:41:49","modified_gmt":"2026-04-23T20:41:49","slug":"nbt-bancorp-inc-announces-first-quarter-2026-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/nbt-bancorp-inc-announces-first-quarter-2026-results\/","title":{"rendered":"NBT Bancorp Inc. Announces First Quarter 2026 Results"},"content":{"rendered":"
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\n ATTENTION: FINANCIAL AND BUSINESS EDITORS<\/strong>\n <\/p>\n

NORWICH, N.Y., April 23, 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 months ended March 31, 2026.<\/p>\n

Net income for the first quarter of 2026 was $51.1 million, or $0.98 per diluted common share, compared to $36.7 million, or $0.77 per diluted common share, for the first quarter of 2025, and $55.5 million, or $1.06 per diluted common share, for the fourth quarter of 2025. Operating diluted earnings per share(1)<\/sup>, a non-GAAP measure, was $0.97 for the first quarter of 2026, compared to $0.80 for the first quarter of 2025 and $1.05 for the fourth quarter of 2025.<\/p>\n

The Company completed the acquisition of Evans Bancorp, Inc. (\u201cEvans\u201d) 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 first quarter of 2025 is significantly impacted by the Evans acquisition.<\/p>\n

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

\u201cWe delivered solid first quarter results that reflect disciplined execution across our franchise and provided meaningful improvement in profitability compared to the first quarter of 2025,\u201d said NBT President and CEO Scott Kingsley. \u201cEarnings growth was driven by continued net interest margin expansion, higher net interest income and strong performance in our fee-based businesses. First quarter results were consistent with our seasonal expectations. Net interest margin expanded during the quarter while deposit growth across all major customer segments reflected the strength of our franchise. Retirement plan administration fees also increased, driven by productive organic growth activities, highlighting the benefits of our diversified business mix. We remain focused on disciplined balance sheet management and continued investment in our people, markets and platform to drive long-term shareholder value.\u201d

First Quarter 2026 Financial Highlights
<\/strong><\/p>\n\n\n\n\n\n\n\n\n
Net Income<\/td>\n\n
    \n
  • Net income was $51.1 million and diluted earnings per share was $0.98<\/li>\n
  • Operating net income was $50.8 million and operating diluted earnings per share was $0.97(1)<\/sup><\/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 $134.9 million(1)<\/sup><\/li>\n
  • Net interest margin (\u201cNIM\u201d) on an FTE basis was 3.72%(1)<\/sup>, an increase of 7 basis points (\u201cbps\u201d) from the prior quarter<\/li>\n
  • Earning asset yields of 5.06% were down 2 bps from the prior quarter<\/li>\n
  • Total cost of funds of 1.42% was down 9 bps from the prior quarter<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
Noninterest Income<\/td>\n\n
    \n
  • Noninterest income was $49.7 million, or 27% of total revenues, excluding net securities gains (losses)<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
Loans and Credit Quality<\/td>\n\n
    \n
  • Period end loans were $11.55 billion<\/li>\n
  • Net charge-offs to average loans was 0.17% annualized<\/li>\n
  • Nonperforming loans to total loans was 0.53%<\/li>\n
  • Allowance for loan losses to total loans was 1.20%<\/li>\n
  • Provision for loan losses was $5.6 million<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
Deposits<\/td>\n\n
    \n
  • Period end deposits were $13.74 billion<\/li>\n
  • Total cost of deposits was 1.34% for the first quarter of 2026, down 10 bps from the fourth quarter of 2025<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
Capital<\/td>\n\n
    \n
  • Stockholders\u2019 equity was $1.91 billion as of March 31, 2026<\/li>\n
  • Tangible book value per share(2)<\/sup> was $27.05 at March 31, 2026 an increase of 51 bps from December 31, 2025<\/li>\n
  • Tangible equity to assets of 8.96%(1)<\/sup><\/li>\n
  • CET1 ratio of 12.34%; Leverage ratio of 9.70%<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n Loans<\/strong>\n <\/p>\n