NBT Bancorp Q3 net income rises, driven by Evans acquisition

NBT Bancorp

27/10/2025 20:26

Overview

NBT Bancorp Q3 net income rises to $54.5 mln, driven by Evans acquisition

Adjusted EPS for Q3 was $1.05, reflecting strong operational performance

Company amends stock repurchase program, authorizing up to 2 mln shares by 2027

Outlook

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

Result Drivers

EVANS ACQUISITION IMPACT - Full quarter impact of Evans acquisition contributed to increased net interest income and net interest margin

ORGANIC GROWTH - Organic growth in interest-earning assets contributed to higher net interest income

NONINTEREST INCOME BOOST - Noninterest income increased due to Evans acquisition and seasonal factors

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
$1.03
Q3 Net Income
$54.5 mln
Q3 Net Interest Income
$134.7 mln
Q3 Dividend
$0.37
Q3 Net Interest Margin
3.66%
Q3 Provision For Credit losses
-$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", 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 12.9% above its October 24 closing price of $40.92

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nGNX5LpM85

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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.)