Nbt Bancorp Inc. · NASDAQ:NBTB
Nbt Bancorp — Q4 2025 Earnings Presentation
19 slides from Nbt Bancorp's earnings presentation, Jan 27, 2026
Slide 1: Earnings Presentation Fourth Quarter 2025
Earnings Presentation Fourth Quarter 2025 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: Q4 2025 Results Highlights
Q4 2025 Results Highlights Reported Operating (1) $1.06 $1.05 Generated Positive Year-Over-Year Operating Leverage Earnings per share • Revenues(3) grew 24.7% while expenses(4) grew 11.9% from the fourth quarter of 2024 • Full year revenues(3) increased 21.4% while expenses(4) grew 13.1% from the pr
Slide 4: Results Overview Q4 2025
Results Overview ($ in millions except per share data) Q4 2025 Change Q3 2025 Q4 2024 % Change Q3 2025 Q4 2024 Q4 2025 Period End Balance Sheet Total loans $ 11,598.1 $ 3.0 $ 1,628.2 -% 16.3% Total deposits 13,499.2 (161.7) 1,952.4 (1.2%) 16.9% HIGHLIGHTS(1) Income Statement Balance Sheet FTE net in
Slide 5: Loans $11.60 billion
Loans HIGHLIGHTS(1) Total Loans $11.60 billion • Loans increased $1.63 billion, or 16.3% from December 31, 2024 • Total commercial loans increased $1.17 billion to $6.47 billion Residential Mortgage • Total consumer loans increased $0.46 billion to $5.13 billion 22% • Loan Mix: Commercial 56% / Cons
Slide 6: Deposits $13.50 billion
Deposits Total Deposits HIGHLIGHTS(1) $13.50 billion • Cost of total deposits of 1.44%, down 8 bps • Total cost of funds was 1.51%, down 9 bps • Period end deposits increased $1.95 billion, or 16.9%, Time from December 31, 2024 11% Demand (Noninterest Bearing) • Low-cost deposits were 58% of total d
Slide 7: Net Interest Income & Net Interest Margin
Net Interest Income & Net Interest Margin Net Interest Income ($ in millions) & Net Interest Margin (%) HIGHLIGHTS(1) $150.0 4.25% • Net interest income increased $0.8 million to $136.0 million $125.0 $135.3 $136.0 4.00% • Net interest margin decreased 1 bp to 3.65% $124.9 3.75% • Interest-earning a
Slide 8: Noninterest Income
Noninterest Income Noninterest Income Trend(2) ($ in millions) $60.0 HIGHLIGHTS(1) (2) • $49.6 million in noninterest income $50.0 $5.1 $5.1 $4.2 $4.6 • Noninterest income increased $7.4 $6.4 $6.2 $40.0 $4.4 $5.3 million or 17% from Q4 2024 with: $6.1 $5.7 • Retirement plan administration fees $15.9
Slide 9: Noninterest Expense
Noninterest Expense Noninterest Expense Trend(2) ($ in millions) $125.0 HIGHLIGHTS(1) Salaries & Benefits $100.0 • Decreased by 1.0% driven by lower incentive compensation expenses partially offset by $66.6 $66.0 $75.0 $64.2 higher medical expenses $61.7 $60.7 Other Expenses $50.0 • Other expenses i
Slide 10: Asset Quality
Asset Quality Net Charge-Offs Loans Past Due(2) $7,500 0.45% $60,000 0.80% $6,554 $6,000 $5,709 $43,941 $44,328 $43,700 $45,000 0.60% $4,765 $4,300 0.30% $4,500 $33,532 $32,097 0.27% $30,000 0.40% $3,000 0.23% $2,361 0.38% 0.38% 0.38% 0.15% 0.34% 0.32% 0.15% 0.16% $15,000 0.20% $1,500 0.09% $0 0.00%
Slide 11: Appendix
Appendix APPENDIX 11
Slide 12: Evans Merger Builds On Growth Opportunities
Evans Merger Builds On Growth Opportunities ASSETS LOANS DEPOSITS EMPLOYEES BRANCHES + $2.22B +$1.67B +$1.86B +200 +18 • Merger completed May 2, 2025 • Expanded NBT’s presence into Upstate New • Successful simultaneous conversion of York’s(1) two largest markets by population – all operating systems
Slide 13: Loan Loss Reserve (CECL)
Loan Loss Reserve (CECL) Loan Type 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 Reserve / Loans Commercial & Industrial 0.73% 0.76% 0.79% 0.81% 0.76% by Segment Commercial Real Estate 0.95% 1.02% 1.14% 1.13% 1.06% Residential Mortgage and Home Equity 1.00% 1.00% 1.05% 1.05% 1.06% Auto 0.81% 0
Slide 14: Commercial Portfolio Detail $6.47 billion
Commercial Portfolio Detail Commercial & Industrial ($1.67 billion) Construction Trade Wholesalers 7.7% Manufacturing 9.1% 12.8% Medical 5.9% Real Estate Commercial Loan Portfolio Industry 16.3% General Retailers $6.47 billion 3.2% Agriculture 5.8% Automotive Retailers 1.6% Education 3.6% Food Servi
Slide 15: Consumer & Residential Portfolio Detail $5.13 billion
Consumer & Residential Portfolio Detail Residential Solar Residential Mortgage Consumer Lending Portfolio 14% 50% $5.13 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 16: Investment Securities Portfolio
Investment Securities Portfolio December 31, 2025 December 31, 2024 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 $ 327,642 $ (19,544) $ 308,0
Slide 17: Reconciliation of Non-GAAP Measures
Reconciliation (Dollars in Thousands, Except Per Share Data) Q4 2025 Q3 2025 Q4 2024 of Non-GAAP Net Income $ 55,509 $ 54,471 $ 36,005 Amortization of Intangible Assets (Net of Tax) 2,522 2,572 1,560 Measures Net Income, Excluding Intangibles Amortization $ 58,031 $ 57,043 $ 37,565 Average Tangible
Slide 18: Reconciliation of Non-GAAP Measures
Reconciliation (Dollars in Thousands) Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 of Non-GAAP Net Interest Income $ 135,440 $ 134,663 $ 124,220 $ 107,223 $ 106,105 FTE Adjustment 581 594 655 636 619 Measures Net Interest Income, Tax Equivalent $ 136,021 $ 135,257 $ 124,875 $ 107,859 $ 106,724 Average To
Slide 19: Peer Group
Peer Group Name HQ City State Ticker Beacon Financial Corporation Boston MA BBT Community Financial System, Inc. Dewitt NY CBU Dime Community Bancshares, Inc. Hauppauge NY DCOM Eastern Bankshares, Inc. Boston MA EBC First Busey Corporation Leawood KS BUSE First Commonwealth Financial Corporation Ind