NBT Bancorp earnings rose in the third quarter of 2026, with net income reaching $58.0 million, or $1.11 per diluted share, compared with $54.5 million, or $1.03 per share, a year earlier. The bank holding company also declared a fourth-quarter cash dividend of $0.40 per share.

Key Takeaways

  • Net interest income rose 5.5% from a year earlier to $142.1 million.
  • Nonperforming assets represented 0.43% of total assets at September 30, up from 0.40% at June 30.
  • The dividend is payable December 15 to shareholders of record on December 1.

NBT Bancorp earnings and interest income

Third-quarter net income also increased from $53.0 million, or $1.02 per diluted share, in the second quarter of 2026. Operating diluted earnings per share, a non-GAAP measure, were $1.11, compared with $1.05 a year earlier.

NBT said the quarterly increase in net interest income reflected organic growth in average loans, one additional day in the quarter and $1.5 million more in purchase accounting accretion. Its net interest margin on a fully taxable equivalent basis widened by 5 basis points from the second quarter to 3.78%.

Noninterest income excluding securities gains was $52.9 million, up 6.7% from the second quarter. Noninterest expense rose to $115.2 million from $111.4 million.

Loans, deposits and credit quality

Loans at September 30 totaled $11.95 billion, up from $11.60 billion at December 31, 2025. Deposits rose to $13.59 billion from $13.50 billion over the same period.

The provision for loan losses fell to $3.8 million from $6.1 million in the preceding quarter. NBT attributed the decline primarily to lower loan growth and a decrease in the allowance for loan losses.

Nonperforming assets rose as a share of total assets during the quarter. The company attributed the increase mainly to additional commercial lending relationships placed in nonaccrual status and an increase in past-due residential loans.

Dividend and share repurchases

The declared dividend is $0.03 per share, or 8.1%, higher than the dividend paid in the third quarter of 2025. NBT said it marks its fourteenth consecutive year of annual dividend increases.

The company bought 20,118 shares for $1.0 million during the third quarter and a further 113,364 shares after quarter-end. As of October 24, 2026, it had 1,297,923 shares available for repurchase under its plan.

Next milestone

NBT scheduled a conference call to review the results for October 28, 2026, at 10 a.m. Eastern.

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