Key Highlights

  • Consensus EPS of 1.09 compares with diluted EPS of 1.02 for the second quarter, against 0.44 last year.
  • Non-GAAP operating net income was USD 52.9 million, or USD 1.01 per diluted share, against USD 0.97 previously.
  • Net interest income was USD 136,963 thousand against USD 124,220 thousand, and fully taxable equivalent NIM was 3.73%.
  • The provision for loan losses was USD 6.1 million against USD 17.8 million in the second quarter of 2025.

NBT Bancorp (NASDAQ:NBTB) reports third-quarter results on Tuesday, Oct. 27, after the market closes. Consensus stands at EPS of 1.09 on revenue of USD 193.83 million, and the company has a market capitalization of USD 2.76 billion.

NBT Bancorp is a bank holding company. In the second quarter, it reported net income of USD 53,030 thousand against USD 22,510 thousand and income before income tax expense of USD 69,116 thousand against USD 30,707 thousand.

Estimates Against the Last Reported Quarter

The EPS estimate of 1.09 is above the diluted EPS of 1.02 reported for the second quarter, which compared with 0.44 a year earlier. The revenue estimate of USD 193.83 million is above the net interest income of USD 136,963 thousand reported, and the estimates table does not state its revenue basis.

The company also reported operating net income, a non-GAAP measure, of USD 52.9 million, or USD 1.01 per diluted common share, against USD 0.97 for the first quarter of 2026 and USD 0.88 for the second quarter of 2025.

Net Interest Income, Margin and Provision

Net interest income was USD 136,963 thousand against USD 124,220 thousand. Fully taxable equivalent NIM was 3.73%, an increase of 1 basis point from the previous quarter and 14 basis points from the second quarter of 2025. For the six months, NIM was 3.73%, up 21 basis points.

The provision for loan losses was USD 6.1 million against USD 5.6 million in the first quarter and USD 17.8 million in the second quarter of 2025. For the six months, it was USD 11.7 million, down USD 13.7 million.

Expenses, Loans and Deposits

Total noninterest expense was USD 111,438 thousand against USD 122,610 thousand. Noninterest income lines included service charges on deposit accounts of USD 5,194 thousand against USD 4,578 thousand and card services income of USD 6,613 thousand against USD 6,077 thousand.

At June 30, 2026, total loans were USD 11,874,081 thousand against USD 11,598,114 thousand at December 31, 2025. Total deposits were USD 13.54 billion, up USD 38.1 million, or 0.3%, from year-end, including USD 25.0 million of brokered time deposits.

The filing says the allowance for credit losses reflects macroeconomic forecast weightings of 60% baseline, 5% upside and 35% downside. Six-month net income was USD 104,172 thousand against USD 59,255 thousand, with six-month diluted EPS of 1.99 against 1.21. Short-term borrowings were USD 316,438 thousand against USD 148,069 thousand at year-end, and subordinated debt, net, was nil against USD 24,509 thousand. The estimates table lists a market capitalization of USD 2.76 billion.

Comparisons to Make in the Report

Diluted EPS against 1.09 and revenue against USD 193.83 million are the headline comparisons. Other markers are NIM against 3.73%, the provision for loan losses against USD 6.1 million and total noninterest expense.