Nbt Bancorp Inc. · NASDAQ:NBTB
Nbt Bancorp — Investor Presentation (August 2026)
38 slides from Nbt Bancorp's investor presentation, August 2026
Slide 1: Investor Presentation Third Quarter 2026
Investor Presentation Third Quarter 2026 Financial Information as of June 30, 2026
Slide 2: About NBT Bancorp
About NBT Bancorp About NBT Bancorp Strategic Initiatives Financial Performance Appendix 2
Slide 3: Company Profile and Financial Highlights
Company Profile FINANCIAL HIGHLIGHTS ASSETS LOANS 83rd Largest Bank Holding Co. $16.2 Billion $11.87 Billion Headquarters Norwich, NY Founded 1856 Ticker NASDAQ: NBTB Market Cap (1) $2.67 Billion NONINTEREST Branches 173 DEPOSITS INCOME TO REVENUE(2) Employees 2,431 $13.54 Billion Institutional Owne
Slide 4: Business Overview
Business Overview RETAIL BANKING • 173 Branches Across 7 States; 228 ATMs (1) • Digital Banking CONSUMER LENDING • Home Lending • Personal Lending • Indirect Auto Lending COMMERCIAL BANKING • C&I and CRE Lending • SBA Lending • Business Banking • Treasury Management • Card and Payment Services FEE B
Slide 5: Key Highlights
Key Highlights High-performing, community bank with STRONG CAPITAL POSITION and traditional bank business model Consistent track record of ORGANIC GROWTH selectively balanced with market and product expanding acquisitions DIVERSE, GRANULAR DEPOSIT BASE with dominant shares in “hometown” markets that
Slide 6: Consistent Strength
Consistent Strength Tangible Equity Ratio 9.50% 9.16% • Strong financial performance and capital position with $1.79 8.58% 8.95% 8.96% 8.30% billion in total capital 8.00% • Highly diversified loan and deposit portfolios, conducting 6.50% business in 7 northeastern states 5.00% • Diverse and granula
Slide 7: Strategic Initiatives
Strategic Initiatives About NBT Bancorp Strategic Initiatives Financial Performance Appendix 7
Slide 8: Our Strategic Initiatives
Our Strategic Initiatives Execute Long-Term Grow and Augment Customer-First Growth Strategy Fee Businesses Digital Mindset • Organic growth across all • Continue to grow • Continuously enhance markets, business lines Retirement Plan experience we deliver to Administration, Wealth customers and emplo
Slide 9: Transformational Investments Underway in Upstate New York
Transformational Investments Underway in Upstate New York New York State has fostered the ideal semiconductor and NBT is well positioned to advanced electronics manufacturing ecosystem 1 with: support regional growth • The most advanced, publicly owned semiconductor R&D facility in North America; •
Slide 10: Disciplined Acquirer & Proven Integrator
Disciplined Acquirer & Proven Integrator We employ a strategic and selective acquisition strategy that focuses high-value partners to enhance our existing franchise. NBTB has completed 14 acquisitions, including 3 banks and 12 fee-based businesses, since 2013. • Completed May 2025 – 8 months from an
Slide 11: Focus on Fee-Based Businesses
Focus on Fee-Based Businesses Q2 2026 Fee Income Composition(1) (%) Key Fee Revenue Verticals Over Time(2) ($ in million) Wealth Management $124 $127 22.1% $115 Insurance $18 $18 Services 8.4% $98 $17 $96 BOLI $90 5.1% $16 $15 Retirement Plan $45 $45 $14 Administration 34.2% Other $42 6.4% $33 $35 $
Slide 12: National Benefits Administration Firm
National Benefits Administration Firm Revenues ($ in thousands) 9% 6-YEAR CAGR $63,511 “Helping America Retire” $56,587 Over 375,000 Plan Participants Nationwide $48,112 Customized Consulting, Recordkeeping, Actuarial and Administrative Services for All Types of Retirement Plans $37,180 Deep Partner
Slide 13: Enterprise Technology
Enterprise Technology NBT’s comprehensive Technology Roadmap is a customer and employee-focused plan designed to deliver technology-enabled solutions that enhance experience while fostering profitability and growth. 13 STRATEGIC INITIATIVES
Slide 14: Financial Performance
Financial Performance About NBT Bancorp Strategic Initiatives Financial Performance Appendix 14
Slide 15: Track Record of Consistent Growth
Track Record of Consistent Growth Total Assets Gross Loans ($ in billion) ($ in billion) $11.60 $11.87 $16.00 $16.21 $9.65 $9.97 $13.31 $13.79 $12.01 $11.74 $8.15 $10.93 $7.14 $7.50 $7.50 $9.72 2019 2020 2021 2022 2023 2024 2025 2Q'26 2019 2020 2021 2022 2023 2024 2025 2Q'26 Shareholders Equity Depo
Slide 16: Strong & Stable Profitability
Strong & Stable Profitability Net Interest Income Net Interest Margin FTE ($ in million) (%) 3.73% $541.4 3.58% 3.59% $501.5 3.31% 3.34% 3.29% $400.1 3.23% $378.2 $362.2 $321.1 3.03% $311.6 $315.7 2019 2020 2021 2022 2023 2024 2025 2026(2) 2019 2020 2021 2022 2023 2024 2025 2026(3) Fee Income(1) Adj
Slide 17: Results Overview Q2 2026
Results Overview ($ in millions except per share data) Q2 2026 Change Q1 2026 Q2 2025 % Change Q1 2026 Q2 2025 Q2 2026 Period End Balance Sheet Total loans $ 11,874.1 $ 326.8 $ 249.4 2.8% 2.1% Total deposits 13,537.3 (205.7) 22.1 (1.5%) 0.2% HIGHLIGHTS(1) Income Statement Balance Sheet FTE net inter
Slide 18: 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 increased $2.7 million to $137.6 million $137.6 $125.0 $135.3 $136.0 $134.9 4.00% • Driven by one additional day in the second quarter of 2026 $124
Slide 19: Noninterest Income
Noninterest Income Noninterest Income Trend(2) ($ in millions) $60.0 HIGHLIGHTS(1) (2) • $49.6 million in noninterest income $50.0 $5.1 $5.1 $5.3 $5.2 $4.6 • Noninterest income increased $2.7 $6.4 $6.2 $6.0 $6.6 $40.0 million or 5.8% from Q2 2025 with: $6.1 • Retirement plan administration $15.9 $14
Slide 20: Noninterest Expense
Noninterest Expense Noninterest Expense Trend(2) ($ in millions) HIGHLIGHTS(1) $125.0 Salaries & Benefits • Increased by 0.4% driven by a full quarter impact $100.0 of merit pay increases, which were effective in March, one additional payroll day and higher medical, partially offset by lower payroll
Slide 21: Capital Strength
Capital Strength Regulatory NBT Regulatory Well Capital Ratios 06/30/2026 Capitalized Level Tier 1 Leverage 9.85% 5.00% Total Risk-Based Capital 14.18% 10.00% Q3 2026 dividend of 14th consecutive year $0.40 per share – of annual dividend 8.1% increase increases in 2026 21 FINANCIAL PERFORMANCE
Slide 22: Loans $11.87 billion
Loans Total Loans HIGHLIGHTS(1) $11.87 billion • Loans increased $276 million, or 2.4% from December 31, 2025 • Total commercial loans increased $178 million to $6.65 billion Residential Mortgage 22% • Total consumer loans increased $98 million to $5.23 billion Home Equity 4% Indirect Auto • Loan Mi
Slide 23: Deposits $13.54 billion
Deposits Total Deposits HIGHLIGHTS(1) $13.54 billion • Cost of total deposits of 1.33%, down 1 bp • Total cost of funds was 1.41%, down 1 bp • Period end deposits increased $38.1 million, or 0.3%, from Time December 31, 2025 10% Demand (Noninterest • No and low-cost deposits were 59% of total deposi
Slide 24: Commercial Portfolio Detail $6.65 billion
Commercial Portfolio Detail Commercial & Industrial ($1.76 billion) Construction Trade Wholesalers 8.5% Manufacturing 10.8% 13.3% Medical 5.5% Commercial Loan Portfolio Real Estate Industry $6.65 billion 15.3% General Retailers 3.3% Agriculture 5.9% Automotive Retailers 1.6% Education 3.0% Food Serv
Slide 25: Consumer & Residential Portfolio Detail $5.23 billion
Consumer & Residential Portfolio Detail Residential Solar Residential 13% Mortgage Consumer Lending Portfolio 49% $5.23 billion Other Consumer 1% Indirect Auto 28% Home Equity 9% Consumer Lending Portfolio Metrics Total Weighted Outstandings # of Average Average Average Category ($000s) Accounts Bal
Slide 26: Asset Quality
Asset Quality Net Charge-Offs Provision for Loan Losses(2) $7,500 0.45% $10,000 $6,000 $4,977 $7,500 $4,765 $6,136 $4,300 $4,236 0.30% $4,500 $5,577 $4,813 $5,000 $3,765 $3,000 $2,361 $3,100 0.15% 0.16% 0.17% 0.15% 0.15% $2,500 $1,500 0.09% $0 0.00% $0 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q2 2025
Slide 27: Appendix
Appendix About NBT Bancorp Strategic Initiatives Financial Performance Appendix 27
Slide 28: Performance to Peer Group
Performance June 30,2026 Peer Peer to Peer Group Performance Ratios % NBTB Median Average Core ROAE(1)(2) 11.36% 10.95% 11.04% Core ROATCE(1)(2) 15.46% 15.09% 15.37% Net Interest Margin(1) 3.73% 3.65% 3.69% Fee Income / Revenue(3) 26.78% 16.92% 17.44% Loans / Deposits 87.71% 91.76% 91.28% June 30, 2
Slide 29: Loan Loss Reserve (CECL)
Loan Loss Reserve (CECL) Loan Type 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026 Reserve / Loans Commercial & Industrial 0.79% 0.81% 0.76% 0.89% 0.85% by Segment Commercial Real Estate 1.14% 1.13% 1.06% 1.05% 1.06% Residential Mortgage and Home Equity 1.05% 1.05% 1.06% 0.99% 0.99% Auto 0.70% 0.
Slide 30: NBT Stock Performance (1 Year)
NBT Stock Performance 5 Year 60% 50% August 31, 2026 40% 30% ▪ NBTB, 43% 20% ▪ Peer Average, 22% 10% ▪ KBW Nasdaq 0% Regional Bank, 19% -10% -20% -30% -40% NBTB KBW Nasdaq Regional Bank Peer Average 30 APPENDIX
Slide 31: NBT Stock Performance (YTD)
NBT Stock Performance YTD 35% 30% August 31, 2026 25% ▪ NBTB, 24% 20% ▪ Peer Average, 23% 15% ▪ KBW Nasdaq Regional Bank, 15% 10% 5% 0% -5% NBTB KBW Nasdaq Regional Bank Peer Average 31 APPENDIX
Slide 32: 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
Slide 33: External Recognition
External Recognition • Recognized as a Forbes World’s Best Bank 5 times in 6 years (2019 to 2024) • Named to Forbes America’s Best Banks list for 2025 • Best Bank – Satisfaction with RM for Small Business Banking in the U.S. (Northeast) • Best Bank – Satisfaction in Cash Management for Small Busines
Slide 34: Reconciliation of Non-GAAP Measures
Reconciliation (Dollars in Thousands) Q2 2026 Q1 2026 Q2 2025 of Non-GAAP Net Income $ 53,030 $ 51,142 $ 22,510 Amortization of Intangible Assets (Net of Tax) 2,393 2,511 2,282 Measures Net Income, Excluding Intangibles Amortization $ 55,423 $ 53,653 $ 24,792 Average Tangible Common Equity $ 1,420,7
Slide 35: Reconciliation of Non-GAAP Measures
Reconciliation (Dollars in Thousands) Net Interest Income Q2 2026 $ 136,963 Q1 2026 $ 134,348 Q4 2025 $ 135,440 Q3 2025 $ 134,663 Q2 2025 $ 124,220 of Non-GAAP FTE Adjustment 614 578 581 594 655 Measures Net Interest Income, Tax Equivalent $ 137,577 $ 134,926 $ 136,021 $ 135,257 $ 124,875 Average To
Slide 36: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures (Dollars in Thousands) 2026 - YTD 2025 2024 2023 2022 2021 2020 2019 Net Interest Income $ 271,311 $ 501,546 $ 400,122 $ 378,219 $ 362,190 $ 321,088 $ 315,678 $ 311,555 FTE Adjustment 1,192 2,466 2,574 2,034 1,304 1,191 1,301 1,667 Net Interest Income, Tax Equival
Slide 37: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP (Dollars in Thousands) 2026 – YTD(4) Measures Net Income $ 104,172 Securities (Gains) (Net of Tax)(1) (487) Amortization of Intangibles (Net of Tax)(1) 5,166 Core Net Income(2) $ 108,851 Average Stockholders’ Equity $ 1,916,116 Average Tangible Equity(3) $ 1,408,491 Core R
Slide 38: 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,” “