NBT Bancorp Q2 Earnings Surge on Higher Net Interest Income, Lower Provision
NBTB sits 34% above its 52-week low of $39.195.
Summary
NBT Bancorp reported Q2 2026 net income of $53.0 million, or $1.02 per share, handily beating the $0.44 from a year ago, driven by higher net interest income and a lower loan loss provision.
Key Events · Earnings and Guidance · NBTB
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Net Income More Than Doubles
Q2 2026 net income was $53.0 million, or $1.02 per diluted share, compared to $22.5 million, or $0.44 per share, in Q2 2025.
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Net Interest Income Growth
Net interest income rose 10.3% to $137.0 million, driven by loan growth and a 14 basis point expansion in the net interest margin to 3.73%.
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Provision for Loan Losses Declines
The provision for loan losses fell to $6.1 million from $17.8 million a year ago, as the prior-year period included $13.0 million of acquisition-related provisioning.
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Credit Quality Deterioration
Nonperforming loans increased to $65.3 million, or 0.55% of total loans, up from $51.7 million at year-end 2025, primarily due to higher commercial nonaccruals.
Analysis · NBTB · Finance
A standout second quarter saw net income more than double year-over-year to $53 million, or $1.02 per share. Driving the improvement was a 10.3% rise in net interest income, fueled by loan growth and a wider net interest margin, alongside a sharp drop in the provision for loan losses as acquisition-related charges rolled off. While credit quality showed some deterioration—nonperforming loans rose to 0.55% of total loans—the allowance for loan losses remains robust at 1.18%. Additionally, the redemption of $25 million of high-cost subordinated debt should reduce interest expense going forward.
At the time of this filing, NBTB was trading at $52.66 on NASDAQ in the Finance sector, with a market capitalization of approximately $2.7B. The 52-week trading range was $39.20 to $54.50. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.