Nbt Bancorp Inc. · NASDAQ:NBTB
Nbt Bancorp — Q1 2026 Earnings Presentation
18 slides from Nbt Bancorp's earnings presentation, Apr 24, 2026
Slide 1: Earnings Presentation First Quarter 2026
Earnings Presentation First Quarter 2026 NBTB
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of phrases such as “anticipate,” “believe,” “expect,” “forecasts,” “projects,” “will,” “can,” “would,” “
Slide 3: Q1 2026 Results Highlights
Q1 2026 Results Highlights Reported Operating (1) $0.98 $0.97 Generated Positive Year-Over-Year Operating Leverage Earnings per share • Revenues(3) increased 18.9% while expenses(4) grew 13.7% from the first quarter of 2025 • Net interest margin(1) increased 28 bps from the first quarter of 2025 Rep
Slide 4: Results Overview Q1 2026
Results Overview ($ in millions except per share data) Q1 2026 Change Q4 2025 Q1 2025 % Change Q4 2025 Q1 2025 Q1 2026 Period End Balance Sheet Total loans $ 11,547.3 $ (50.9) $ 1,567.0 (0.4%) 15.7% Total deposits 13,743.0 243.8 2,034.5 1.8% 17.4% HIGHLIGHTS(1) Income Statement Balance Sheet FTE net
Slide 5: Loans $11.55 billion
Loans HIGHLIGHTS(1) Total Loans • Loans increased $1.57 billion, or 15.7% from March 31, 2025 $11.55 billion • Total commercial loans increased $1.13 billion to $6.45 billion Residential Mortgage • Total consumer loans increased $0.44 billion to $5.09 billion 22% Home Equity • Loan Mix: Commercial 5
Slide 6: Deposits $13.74 billion
Deposits Total Deposits HIGHLIGHTS(1) $13.74 billion • Cost of total deposits of 1.34%, down 10 bps • Total cost of funds was 1.42%, down 9 bps • Period end deposits increased $2.03 billion, or 17.4%, Time from March 31, 2025 10% Demand (Noninterest • No and low-cost deposits were 59% of total depos
Slide 7: Net Interest Income & Net Interest Margin
Net Interest Income & Net Interest Margin Net Interest Income ($ in millions) & Net Interest Margin (%) HIGHLIGHTS(1) $150.0 4.25% • Net interest income decreased $1.1 million to $134.9 million $125.0 $135.3 $136.0 $134.9 4.00% • Driven by two fewer days in the first quarter of 2026 $124.9 3.75% • L
Slide 8: Noninterest Income
Noninterest Income Noninterest Income Trend(2) ($ in millions) $60.0 HIGHLIGHTS(1) (2) $50.0 $5.1 • $49.7 million in noninterest income $4.2 $4.6 $5.1 $5.3 $6.4 • Noninterest income increased $2.1 $40.0 $5.3 $6.1 $6.2 $6.0 million or 4.5% from Q1 2025 with: $15.9 • Retirement plan administration $30
Slide 9: Noninterest Expense
Noninterest Expense Noninterest Expense Trend(2) ($ in millions) $125.0 HIGHLIGHTS(1) Salaries & Benefits $100.0 • Increased by 4.2% driven by seasonally higher payroll taxes and stock-based compensation expense partially offset by lower medical $66.6 $66.0 $68.8 $75.0 $64.2 $60.7 Other Expenses • O
Slide 10: Asset Quality
Asset Quality Net Charge-Offs Loans Past Due(2) $7,500 0.45% $60,000 0.80% $6,554 $43,941 $44,328 $45,868 $6,000 $43,700 $4,977 $45,000 0.60% $4,765 $4,300 0.30% $4,500 $32,097 0.27% $30,000 0.40% $3,000 $2,361 0.38% 0.38% 0.38% 0.40% 0.15% 0.32% 0.16% 0.17% $15,000 0.20% 0.15% $1,500 0.09% $0 0.00%
Slide 11: Appendix
Appendix APPENDIX 11
Slide 12: Loan Loss Reserve (CECL)
Loan Loss Reserve (CECL) Loan Type 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 Reserve / Loans Commercial & Industrial 0.76% 0.79% 0.81% 0.76% 0.89% by Segment Commercial Real Estate 1.02% 1.14% 1.13% 1.06% 1.05% Residential Mortgage and Home Equity 1.00% 1.05% 1.05% 1.06% 0.99% Auto 0.72% 0.
Slide 13: Commercial Portfolio Detail $6.45 billion
Commercial Portfolio Detail Commercial & Industrial ($1.67 billion) Wholesalers 8.0% Manufacturing Construction Trade 8.5% 13.2% Medical 5.9% Real Estate Commercial Loan Portfolio Industry 16.0% General Retailers $6.45 billion 3.6% Agriculture… Automotive Retailers 1.7% Education 2.5% Food Services
Slide 14: Consumer & Residential Portfolio Detail $5.09 billion
Consumer & Residential Portfolio Detail Residential Residential Solar Mortgage Consumer Lending Portfolio 14% 50% $5.09 billion Other Consumer 1% Indirect Auto 26% Home Equity 9% Consumer Lending Portfolio Metrics Total Weighted Outstandings # of Average Average Average Category ($000s) Accounts Bal
Slide 15: Investment Securities Portfolio
Investment Securities Portfolio March 31, 2026 December 31, 2025 Amortized Net Unrealized Estimated Amortized Net Unrealized Estimated AFS Securities (In thousands) Cost (Losses)/Gains Fair Value Cost (Losses)/Gains Fair Value HIGHLIGHTS U.S. treasury & federal agency $ 327,710 $ (19,751) $ 307,959
Slide 16: Reconciliation of Non-GAAP Measures
Reconciliation (Dollars in Thousands, Except Per Share Data) Q1 2026 Q4 2025 Q1 2025 of Non-GAAP Net Income $ 51,142 $ 55,509 $ 36,745 Amortization of Intangible Assets (Net of Tax) 2,511 2,522 1,583 Measures Net Income, Excluding Intangibles Amortization $ 53,653 $ 58,031 $ 38,328 Average Tangible
Slide 17: Reconciliation of Non-GAAP Measures
Reconciliation (Dollars in Thousands) Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 of Non-GAAP Net Interest Income $ 134,348 $ 135,440 $ 134,663 $ 124,220 $ 107,223 FTE Adjustment 578 581 594 655 636 Measures Net Interest Income, Tax Equivalent $ 134,926 $ 136,021 $ 135,257 $ 124,875 $ 107,859 Average To
Slide 18: Peer Group
Peer Group Name HQ City State Ticker Beacon Financial Corporation Boston MA BBT Camden National Corporation Camden ME CAC CNB Financial Corporation Clearfield PA CCNE Community Financial System, Inc. Syracuse NY CBU ConnectOne Bancorp, Inc. Englewood NJ CNOB Dime Community Bancshares, Inc. Hauppauge