Quarterly ResultAug 7, 2026, 04:09 PM
NBT Bancorp Q2 Net Income Jumps 135.6% to $53.03M; EPS $1.02
AI Summary
NBT Bancorp Inc. reported a significant increase in its second-quarter 2026 financial results, with net income rising to $53.03 million, a 135.6% increase year-over-year. Basic earnings per share also saw a substantial jump to $1.02. The company's total assets grew to $16.21 billion, and net loans increased to $11.73 billion, reflecting continued growth. These results are compared against a prior year that included significant acquisition expenses related to the Evans Bancorp, Inc. merger.
Key Highlights
- Net income for Q2 2026 was $53.03 million, up 135.6% from $22.51 million in Q2 2025.
- Basic EPS for Q2 2026 was $1.02, a 126.7% increase from $0.45 in Q2 2025.
- Net interest income for Q2 2026 increased 10.3% to $136.96 million from $124.22 million in Q2 2025.
- Total assets reached $16.21 billion as of June 30, 2026, up from $15.99 billion at year-end 2025.
- Net loans grew to $11.73 billion as of June 30, 2026, from $11.46 billion at December 31, 2025.
- Total deposits were $13.54 billion as of June 30, 2026, a slight increase from $13.50 billion at year-end 2025.
- Provision for loan losses decreased 65.6% to $6.14 million in Q2 2026 from $17.84 million in Q2 2025.
- Noninterest expense decreased 9.1% to $111.44 million in Q2 2026, partly due to lower acquisition expenses.
Price Impact
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