Quarterly ResultOct 27, 2026, 04:31 PM
NBT Bancorp Reports Record Q3 2026 Net Income of $58.0M; Declares Dividend
AI Summary
NBT Bancorp Inc. announced record third quarter 2026 results, with net income rising to $58.0 million, or $1.11 per diluted share, compared to $54.5 million, or $1.03 per diluted share, in the third quarter of 2025. The company reported solid loan growth and an expansion in net interest margin. Additionally, the Board of Directors declared a fourth-quarter cash dividend of $0.40 per share, an 8.1% increase over the prior year's dividend, marking the fourteenth consecutive year of annual dividend increases. The company also continued its stock repurchase program.
Key Highlights
- NBT Bancorp Inc. reported Q3 2026 net income of $58.0 million, or $1.11 per diluted share, up from $54.5 million, or $1.03 per share, in Q3 2025.
- Net interest income increased 5.5% YoY to $142.1 million, with net interest margin (FTE) rising 12 bps to 3.78% compared to Q3 2025.
- Period end loans grew 3.0% from Dec 31, 2025 to $11.95 billion; period end deposits increased to $13.59 billion.
- Noninterest income was $52.9 million, up 2.9% YoY, driven by service charges and retirement plan administration fees.
- The Board of Directors declared a Q4 cash dividend of $0.40 per share, an 8.1% increase YoY, marking the fourteenth consecutive annual increase.
- Stockholders' equity was $1.94 billion; tangible book value per share increased 8.8% YoY to $27.75.
- Net charge-offs to average loans were 0.14% annualized for Q3 2026.
- The Company repurchased 20,118 shares for $1.0 million in Q3 2026.
Price Impact
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