NBTB
NBT Bancorp Inc.43.98
-0.48-1.08%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Modest loan growth, stable NIM outlook
Q&A surfaced a mid-to-lower single-digit loan growth target for 2026 amid $150-175 million CRE payoffs like 2025 and an $800 million runoff portfolio, while pipelines built stronger than last year. Management grew bullish on Western New York via Evans hires and Rochester branches, plus Maine and NH expansions. NIM looks stable at 3.65% with 2-3 basis points quarterly upside from mortgages and CDs, despite commercial spread pressure. M&A now demands 5% accretion or $0.20 per share; US-Canada tensions hit cross-border flows. Credit steady, no new brakes. Repurchases self-fund easily. Investors watch regional execution.
Key Stats
Market Cap
2.30BP/E (TTM)
14.56Basic EPS (TTM)
3.02Dividend Yield
0.03%Recent Filings
10-K
FY2025 results
NBT Bancorp closed FY2025 with $16B assets after acquiring Evans in May, boosting loans 16.3% y/y to $11.6B and deposits 16.9% to $13.5B; Q4 drove momentum via integration as net interest income hit $501.5M (up 25.3% y/y, NIM 3.59%) with acquisition accretion aiding yields. Credit stayed tight at 0.45% nonperformers and 1.19% reserve coverage, while provision rose to $32.3M on $13M Evans marks and softer forecasts. Repurchased 250k shares in Q4 at $40.74 avg; liquidity strong at 18.7% basic surplus. Local economic softness risks Q4 momentum.
8-K
Q4 earnings soar post-Evans deal
NBT Bancorp posted Q4 net income of $55.5M, or $1.06 per diluted share, up from $36.0M last year, fueled by the May 2025 Evans acquisition adding $1.67B loans, $1.86B deposits, and 18 branches. Loans hit $11.60B, deposits $13.50B; NIM held at 3.65%. Chief Credit Officer Amy Wiles steps down May 21, 2026, to advisory role. Board hiked dividend 8.8% to $0.37/share.
10-Q
Q3 FY2025 results
NBT Bancorp posted Q3 net income of $54.5M, up 43% y/y and 142% q/q (derived), with diluted EPS at $1.03, up 29% y/y and 139% q/q (derived), fueled by 33% y/y net interest income growth to $134.7M on Evans acquisition momentum. Noninterest income climbed 12% y/y while expenses rose 16%, reflecting $1.1M acquisition costs and $3.4M intangible amortization. Closed Evans in May 2025 for $221.8M stock, recognizing $91.4M goodwill and $33.2M core deposit intangibles. Loans hit $11.6B, deposits $13.7B, with $640M cash and FHLB capacity near $2B. Provision ticked to $3.1M. CRE concentrations pose valuation risks.
8-K
Investor presentation released
IPO
Website
Employees
Sector
Industry
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