NBT Bancorp's Q4 net income rises on Evans acquisition

NBT Bancorp

26/01/2026 21:24

Overview

Financial holding company's Q4 net income rose to $55.5 mln

Company completed acquisition of Evans Bancorp, adding 18 locations and $1.86 bln deposits

Company raised dividend by 8.8%, marking 13th consecutive yr of increases

Outlook

Company did not provide specific financial guidance for future quarters or full year in press release

Result Drivers

EVANS ACQUISITION - Acquisition of Evans Bancorp added $1.67 bln in loans and $1.86 bln in deposits, significantly impacting Q4 results

NET INTEREST INCOME - Increase driven by higher average balance of earning assets and reduced funding costs

NONINTEREST INCOME - Growth in service charges and wealth management fees, despite seasonal decline in retirement plan fees

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 EPS
$1.06
Q4 Net Income
$55.50 mln
Q4 Net Interest Income
$135.40 mln
Q4 Dividend
$0.37
Q4 Net Interest Margin
3.65%
Q4 Provision For Credit losses
$138 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for NBT Bancorp Inc is $47.00, about 7.7% above its January 23 closing price of $43.65

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nGNXchbsf2

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)