{"id":985218,"date":"2026-07-27T16:19:25","date_gmt":"2026-07-27T20:19:25","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/nbt-bancorp-inc-announces-second-quarter-2026-results-and-approves-an-8-1-cash-dividend-increase\/"},"modified":"2026-07-27T16:19:25","modified_gmt":"2026-07-27T20:19:25","slug":"nbt-bancorp-inc-announces-second-quarter-2026-results-and-approves-an-8-1-cash-dividend-increase","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/nbt-bancorp-inc-announces-second-quarter-2026-results-and-approves-an-8-1-cash-dividend-increase\/","title":{"rendered":"NBT Bancorp Inc. Announces Second Quarter 2026 Results and Approves an 8.1% Cash Dividend Increase"},"content":{"rendered":"
\n

NORWICH, N.Y., July 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 six months ended June 30, 2026.<\/p>\n

Net income for the second quarter of 2026 was $53.0 million, or $1.02 per diluted common share, compared to $22.5 million, or $0.44 per diluted common share, for the second quarter of 2025, and $51.1 million, or $0.98 per diluted common share, for the first quarter of 2026. Operating diluted earnings per share(<\/sup>1)<\/sup>, a non-GAAP measure, was $1.01 for the second quarter of 2026, compared to $0.88 for the second quarter of 2025 and $0.97 for the first quarter of 2026.<\/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 second quarter of 2025 is significantly impacted by the Evans acquisition.<\/p>\n

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

\u201cThe second quarter demonstrated the strength and momentum of NBT\u2019s diversified banking franchise,\u201d said NBT President and CEO Scott Kingsley. \u201cWe generated significantly stronger earnings than the prior year quarter, grew loans across every business line and expanded our net interest margin to 3.73%, an increase of 14 basis points from one year ago. These results reflect the trust our customers place in us, the dedication of our employees and our disciplined approach to building long-term relationships and sustainable growth. With strong balance sheet fundamentals, healthy loan growth and continued momentum across our franchise, we are well positioned as we enter the second half of 2026.\u201d<\/p>\n

\u201cWe are also pleased to announce that we have increased our quarterly cash dividend for the fourteenth consecutive year to $0.40 per share in the third quarter,\u201d added Kingsley. \u201cThis increase in the quarterly cash dividend of 8.1% affirms our continued commitment to providing favorable long-term returns to our shareholders.\u201d<\/p>\n

\n Second 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 $53.0 million and diluted earnings per share was $1.02<\/li>\n
  • Operating net income was $52.9 million and operating diluted earnings per share was $1.01(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 $137.6 million(<\/sup>1)<\/sup><\/li>\n
  • Net interest margin (\u201cNIM\u201d) on an FTE basis was 3.73%(<\/sup>1)<\/sup>, an increase of 1 basis point (\u201cbp\u201d) from the prior quarter<\/li>\n
  • Earning asset yields of 5.05% were down 1 bp from the prior quarter<\/li>\n
  • Total cost of funds of 1.41% was down 1 bp from the prior quarter<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
Noninterest Income<\/td>\n\n
    \n
  • Noninterest income was $49.6 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 $11.87 billion<\/li>\n
  • Net charge-offs to average loans was 0.15% annualized<\/li>\n
  • Nonperforming loans to total loans was 0.55%<\/li>\n
  • Allowance for loan losses to total loans was 1.18%<\/li>\n
  • Provision for loan losses was $6.1 million<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
Deposits<\/td>\n\n
    \n
  • Period end deposits were $13.54 billion<\/li>\n
  • Total cost of deposits was 1.33% for the second quarter of 2026, down 1 bp from the first quarter of 2026<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
Capital<\/td>\n\n