Nbt Bancorp Inc. · NASDAQ:NBTB
Nbt Bancorp — Q3 2025 Earnings Presentation
19 slides from Nbt Bancorp's earnings presentation, Oct 28, 2025
Slide 1: Earnings Presentation Third Quarter 2025
Earnings Presentation Third 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: Q3 2025 Record Results Highlights
Q3 2025 Record Results Highlights Reported Operating (1) $1.03 $1.05 Generated Positive Sequential and Year-Over-Year Operating Leverage Earnings per share • Revenues(3) grew 8.8% while expenses(4) grew 4.4% from the previous quarter • Revenues(3) grew 26.6% while expenses(4) grew 15.6% from the thi
Slide 4: Results Overview Q3 2025
Results Overview ($ in millions except per share data) Q3 2025 Change Q2 2025 Q3 2024 % Change Q2 2025 Q3 2024 Q3 2025 Period End Balance Sheet Total loans $ 11,595.1 $ (29.5) $ 1,688.1 (0.3%) 17.0% Total deposits 13,660.9 145.7 2,072.6 1.1% 17.9% HIGHLIGHTS(1) Income Statement Balance Sheet FTE net
Slide 5: Loans $11.60 billion
Loans HIGHLIGHTS(1) • Loans increased $1.63 billion from December 31, 2024 Total Loans • Total commercial loans increased $1.17 billion to $6.47 billion $11.60 billion • Total consumer loans increased $0.45 billion to $5.12 billion • Loan Mix: Commercial 56% / Consumer 44% Residential Mortgage • Exc
Slide 6: Deposits $13.66 billion
Deposits HIGHLIGHTS(1) Total Deposits • Cost of total deposits of 1.52%, up 1 bp $13.66 billion • Total cost of funds was 1.60%, down 2 bps • Period end deposits increased $2.11 billion, or 18.3%, from December 31, 2024, including $1.86 billion of deposits acquired from Evans Time Demand 12% (Nonint
Slide 7: Net Interest Income & Net Interest Margin
Net Interest Income & Net Interest Margin Net Interest Income ($ in millions) & Net Interest Margin (%) HIGHLIGHTS(1) $150.0 4.25% • Net interest income increased $10.4 million to $135.3 million $125.0 $135.3 4.00% • Net interest margin increased 7 bps to 3.66% $124.9 3.75% • Interest-earning asset
Slide 8: Noninterest Income
Noninterest Income Noninterest Income Trend(2) ($ in millions) $60.0 HIGHLIGHTS(1) (2) $50.0 • $51.4 million in noninterest income $5.1 $4.2 $4.6 $4.3 • Noninterest income increased $6.1 $40.0 $4.4 $5.3 $6.4 $6.1 million or 13% from Q3 2024 with: $5.9 $5.7 • Retirement plan administration fees $30.0
Slide 9: Noninterest Expense
Noninterest Expense Noninterest Expense Trend(2) ($ in millions) $125.0 HIGHLIGHTS(1) Salaries & Benefits $100.0 • Increased by 3.9% driven by the full quarter impact of the Evans acquisition, higher incentive compensation expenses and higher $75.0 $66.6 medical costs $64.2 $61.7 $60.7 $59.6 Other E
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 $45,000 0.60% $4,300 0.30% $35,872 $4,500 $33,532 $32,097 $3,920 0.27% $30,000 0.40% $3,000 0.23% $2,361 0.36% 0.38% 0.38% 0.15% 0.34% 0.32% 0.16% 0.15% $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 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 Reserve / Loans Commercial & Industrial 0.73% 0.73% 0.76% 0.79% 0.81% by Segment Commercial Real Estate 1.01% 0.95% 1.02% 1.14% 1.13% Residential Mortgage and Home Equity 1.00% 1.00% 1.00% 1.05% 1.05% Auto 0.83% 0.
Slide 14: Commercial Portfolio Detail $6.47 billion
Commercial Portfolio Detail Commercial & Industrial ($1.64 billion) Wholesalers 8.7% Construction Trade Manufacturing 9.2% 13.0% Medical 5.6% Commercial Loan Portfolio Real Estate Industry General Retailers $6.47 billion 16.0% 3.4% Agriculture 5.9% Automotive Retailers 1.7% Education 3.8% Food Servi
Slide 15: Consumer & Residential Portfolio Detail $5.12 billion
Consumer & Residential Portfolio Detail Residential Solar Residential Mortgage Consumer Lending Portfolio 15% 49% $5.12 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 September 30, 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 $ 352,542 $ (22,406) $ 330,
Slide 17: Reconciliation of Non-GAAP Measures
Reconciliation (Dollars in Thousands, Except Per Share Data) Q3 2025 Q2 2025 Q3 2024 of Non-GAAP Net Income $ 54,471 $ 22,510 $ 38,097 Amortization of Intangible Assets (Net of Tax) 2,572 2,282 1,547 Measures Net Income, Excluding Intangibles Amortization $ 57,043 $ 24,792 $ 39,644 Average Tangible
Slide 18: Reconciliation of Non-GAAP Measures
Reconciliation (Dollars in Thousands) Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 of Non-GAAP Net Interest Income $ 134,663 $ 124,220 $ 107,223 $ 106,105 $ 101,669 FTE Adjustment 594 655 636 619 639 Measures Net Interest Income, Tax Equivalent $ 135,257 $ 124,875 $ 107,859 $ 106,724 $ 102,308 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 Champaign IL BUSE First Commonwealth Financial Corporation I