NBT Bancorp (NBTB) Investor presentation summary

Company profile and business overview

• 88th largest U.S. bank holding company with $13.86B in assets, $9.98B in loans, and $11.71B in deposits as of March 31, 2025.

• Operates 175 branches across 7 northeastern states, offering retail, commercial, wealth management, insurance, and retirement plan services.

• Maintains a diverse, granular deposit base and strong presence in hometown markets, supporting expansion into dynamic adjacent markets.

• Wealth management AUM/AUA totals $5.65B/$11.06B; EPIC Retirement Plan Services AUA at $33.04B.

Strategic initiatives and growth

• Pursues organic growth and selective acquisitions, recently expanding in Upstate NY and New England.

• Completed Evans Bank acquisition in May 2025, adding $2.19B in assets and 18 branches, strengthening Buffalo and Rochester markets.

• Focuses on growing fee-based businesses: retirement plan administration, wealth management, and insurance.

• Invests in technology to enhance customer and employee experience, emphasizing digital, cybersecurity, and automation.

Financial performance and capital position

• Q1 2025 net income was $36.7M, with diluted EPS of $0.77 and net interest margin of 3.44%.

• Tangible equity ratio rose to 8.68%; total risk-based capital ratio at 15.24%.

• Total assets reached $13.86B, loans $9.98B, and deposits $11.71B, with a loan-to-deposit ratio of 85.2%.

• Noninterest income comprised 31% of total revenue, outpacing peer median of 19%.

• Q1 2025 dividend increased 6.3% to $0.34/share, marking 12 consecutive years of annual dividend growth.