NBT Bancorp reported record third quarter 2026 results, characterized by significant margin expansion and organic loan growth. Net income rose to $58.0 million, yielding a diluted EPS of $1.11, which surpassed analyst expectations. Performance was bolstered by a disciplined approach to deposit pricing and steady demand in commercial lending.
Key Highlights
- Total revenue reached $195.0 million, exceeding consensus estimates, driven by $142.1 million in net interest income and $52.9 million in noninterest income.
- Net interest margin (NIM) on a fully taxable equivalent basis expanded to 3.78%, a 5-basis point sequential increase and a 40-basis point beat against the 3.38% estimate.
- Period-end loans grew 3.0% from year-end 2025 to $11.95 billion; excluding runoff portfolios, the core portfolio grew by 3.9%.
- Credit quality remains resilient with net charge-offs at a low 0.14% of average loans, while the CET1 capital ratio strengthened to 12.43%.