Nbt Bancorp Inc. · NASDAQ:NBTB
Nbt Bancorp — Q2 2026 Earnings Presentation
18 slides from Nbt Bancorp's earnings presentation, Jul 28, 2026
Slide 1: Earnings Presentation Second Quarter 2026
Earnings Presentation Second 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: Q2 2026 Results Highlights
Q2 2026 Results Highlights Reported Operating (1) $1.02 $1.01 Generated Positive Year-Over-Year Operating Leverage Earnings per share • Revenues(3) increased 9.0% while expenses(4) grew 5.7% from the second quarter of 2025 • Net interest margin(1) increased 14 bps from the second quarter of 2025 Rep
Slide 4: Results Overview Q2 2026
Results Overview ($ 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 5: 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 6: 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 $38.1 million, or 0.3%, from Time December 31, 2025 10% Demand (Noninterest • No and low-cost deposits were 59% of total deposi
Slide 7: Net Interest Income & Net Interest Margin
Net Interest Income & Net Interest Margin Net Interest Income ($ in millions) & Net Interest Margin (%) HIGHLIGHTS(1) $150.0 4.25% • Net interest income increased $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 $124
Slide 8: Noninterest Income
Noninterest Income Noninterest Income Trend(2) ($ in millions) $60.0 HIGHLIGHTS(1) (2) $50.0 $5.1 • $49.6 million in noninterest income $4.6 $5.1 $5.3 $5.2 $6.4 • Noninterest income increased $2.7 $40.0 $6.1 $6.2 $6.0 $6.6 million or 5.8% from Q2 2025 with: $15.9 • Retirement plan administration $30
Slide 9: Noninterest Expense
Noninterest Expense Noninterest Expense Trend(2) ($ 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 10: 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 11: Appendix
Appendix APPENDIX 11
Slide 12: 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 13: 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 14: 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 15: Investment Securities Portfolio
Investment Securities Portfolio June 30, 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 $ 352,715 $ (19,828) $ 332,887 $
Slide 16: Reconciliation of Non-GAAP Measures
Reconciliation (Dollars in Thousands, Except Per Share Data) 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
Slide 17: Reconciliation of Non-GAAP Measures
Reconciliation (Dollars in Thousands) Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 of Non-GAAP Net Interest Income FTE Adjustment $ 136,963 614 $ 134,348 578 $ 135,440 581 $ 134,663 594 $ 124,220 655 Measures Net Interest Income, Tax Equivalent $ 137,577 $ 134,926 $ 136,021 $ 135,257 $ 124,875 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