NBT Bancorp Q2 net income more than doubles on Evans acquisition

NBT Bancorp

27/07/2026 21:27

Overview
U.S. regional bank's Q2 net income and EPS rose sharply from prior year
Net interest income and margin increased, aided by Evans acquisition and organic growth
Company raised quarterly dividend by 8.1% and repurchased $3 mln in shares

Outlook
Company says it is well positioned entering the second half of 2026
NBT Bancorp sees continued momentum across its banking franchise

Result Drivers
EVANS ACQUISITION - Co said Evans Bancorp acquisition drove increases in net interest income, noninterest income, and expenses compared to prior year
LOAN GROWTH - All business lines experienced loan growth in Q2, supporting higher net interest income
LOWER FUNDING COSTS - Net interest margin improved due to a decrease in cost of funds

Company press release: ID:nGNX1DL6Fr

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
 
$1.02
 
Q2 Net Income
 
$53.03 mln
 
Q2 Net Interest Income
 
$137.57 mln
 
Q2 Net Interest Margin
 
3.73%
 
Q2 Provision For Loan losses
 
$6.13 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 4 "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 $52.00, about 0.7% below its July 24 closing price of $52.38
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 10 three months ago

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July 27 - First Farmers' Q2 profit rises on higher interest income, loan growth

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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.)