NBT Bancorp (NBTB) investor relations material

Executive summary

• Record Q3 net income of $58.0 million and diluted EPS of $1.11, supported by loan growth, higher net interest income and a wider margin.

• Management cited operating momentum, disciplined execution and strong capital as supporting long-term growth and shareholder value.

Financial highlights

• Total revenue was $195 million, up 4.8% YoY excluding securities gains and losses; net income rose from $54.5 million in Q3 2025 and $53.0 million in Q2 2026.

• GAAP net interest income was $142.1 million; FTE net interest income was $142.7 million, up $5.2 million QoQ and 5.5% YoY.

• Noninterest income was $52.9 million, or 27% of revenue; it rose 2.9% YoY excluding securities gains.

• Noninterest expenses rose 3.3% QoQ; salaries and benefits were $70 million, reflecting an extra payroll day and higher incentive compensation, partly offset by lower benefits costs.

• Provision expense was $3.8 million versus $6.1 million in Q2; allowance coverage was 1.17% of loans and 2x nonperforming loans.

Outlook and guidance

• Q4 loan growth expected to be consistent with Q3; first-nine-month growth was 3.9% excluding planned runoff portfolios and 3.0% including them.

• Q4 expenses expected at $114 million-$115 million, similar to Q3; this implies 3%-3.5% YoY growth.

• Q3 acquired-loan and borrowing accretion was $7.3 million; accretion is expected to normalize in Q4, with typical average accretion of $6 million-$6.5 million depending on payoffs.

• 2027 loan growth starting point is 3%-5%; merit increases expected at 3%-3.5%, other expenses broadly similar, with branch expansion potentially adding ~0.5%.

• Retirement-plan revenue growth expected to moderate to 5%-7% in 2027; Q4 is seasonally lower for that business.