Quarterly ResultApr 23, 2026, 04:16 PM
NBT Bancorp Q1 2026 Net Income $51.1M, EPS $0.98
AI Summary
NBT Bancorp Inc. reported strong first-quarter 2026 results, with net income rising to $51.1 million, or $0.98 per diluted common share, significantly up from $36.7 million, or $0.77 per diluted common share, in Q1 2025. The company attributed the earnings growth to continued net interest margin expansion, higher net interest income, and robust performance in its fee-based businesses. The results reflect disciplined execution and the positive impact of the Evans Bancorp acquisition completed in May 2025.
Key Highlights
- Net income for Q1 2026 was $51.1 million, up from $36.7 million in Q1 2025.
- Diluted EPS for Q1 2026 was $0.98, compared to $0.77 in Q1 2025.
- Net interest margin (FTE) expanded to 3.72%, up 7 bps from prior quarter.
- Period end deposits reached $13.74 billion.
- Tangible book value per share increased to $27.05.