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.

• Noninterest income represents 31% of total revenue, with strong contributions from wealth management, retirement plan administration, and insurance.

• Market cap of $2.34B, 2,351 employees, and 68% institutional ownership.

Strategic initiatives and growth

• Focus on organic growth, transformational investments in Upstate NY and New England, and leveraging market disruption.

• Ongoing expansion of fee-based businesses and disciplined, selective acquisitions to diversify revenue and expand capabilities.

• Recent Evans Bank acquisition added $2.19B in assets and expanded presence in Buffalo and Rochester.

• Investments in technology to enhance customer and employee experience, with emphasis on digital, payments, automation, and cybersecurity.

Financial performance and capital position

• Total assets, loans, and deposits have shown consistent growth over the past several years.

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

• Tangible equity ratio at 8.68%, total risk-based capital ratio at 15.24%, and leverage ratio at 10.39%.

• 12th consecutive year of annual dividend increases, with Q1 2025 dividend up 6.3%.