NBT Bancorp (NBTB) Investor presentation summary

Company profile and business overview

• Ranked as the 84th largest bank holding company with $16.11 billion in assets and $13.66 billion in deposits as of September 30, 2025.

• Operates 175 branches across 7 northeastern states, offering retail, commercial, and fee-based financial services.

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

• Wealth management and retirement plan services are significant contributors to noninterest income.

• Recognized for high customer satisfaction and workplace excellence, including top rankings in J.D. Power and Forbes lists.

Strategic initiatives and growth

• Pursues organic growth and selective acquisitions, with recent transformational investments in Upstate New York and New England.

• Completed the Evans Bank acquisition in May 2025, adding $2.22 billion in assets and expanding into Buffalo and Rochester.

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

• Invests in technology to enhance customer and employee experience, including digital banking, automation, and AI integration.

• Actively supports regional economic development, particularly in semiconductor and advanced manufacturing sectors.

Financial performance and capital position

• Achieved consistent growth in assets, loans, deposits, and shareholders' equity over recent years.

• Q3 2025 net income was $54.5 million, with diluted EPS of $1.03 and a tangible equity ratio of 8.58%.

• Net interest income rose to $135.3 million, with a net interest margin of 3.66%.

• Noninterest income reached $51.4 million, representing 28% of total revenue, outperforming peers.

• Maintains strong capital ratios: Tier 1 leverage at 9.34% and total risk-based capital at 13.97%.