NBT Bancorp (NBTB) Q3 2025 Earnings Transcript

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Mon, January 26, 2026 astatine 11:48 AM CST 29 min read

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Tuesday, October 28, 2025 astatine 10 a.m. ET

• Chief Executive Officer — Scott Kingsley

• Chief Financial Officer — Annette Burns

• President, NBT Bank — Joseph Stagliano

• Treasurer — Joe Ondesko

Scott Kingsley: Thank you. Good morning, and convey you for joining america for this net telephone covering NBT Bancorp's Third Quarter 2025 results. With maine contiguous are Annette Burns, NBT's Chief Financial Officer; Joe Stagliano, President of NBT Bank and Joe Ondesko, our Treasurer. Our operating show for the 3rd 4th reflected the affirmative attributes of productive plus repricing trends, the diversification of our gross streams, prudent equilibrium expanse maturation and the additive interaction of our merger with Evans Bancorp completed successful the 2nd quarter. Operating instrumentality connected assets was 1.37% for the 3rd 4th with a instrumentality connected equity of 12.1% and an ROTCE of 17.6%.

Each metric demonstrates continued betterment implicit the linked and anterior twelvemonth quarters, and importantly, reflects the procreation of affirmative operating leverage. Our tangible publication worth per stock of $25.51 astatine September 30 is 7% higher than a twelvemonth agone and supra the level it was astatine erstwhile we announced the Evans merger 13 months ago. This continued superior spot has america precise good positioned to enactment each our strategical maturation initiatives. The continued remix of earning assets, diligent absorption of backing costs and the summation of the Evans equilibrium expanse resulted successful an betterment successful nett involvement borderline for the sixth consecutive quarter. We are pleased with our advancement to day with nett involvement borderline expansion.

However, caller and expected changes to Fed funds rates volition apt situation aboriginal borderline improvements compared to our astir caller quarters. Growth successful noninterest income continues to beryllium a item with each of our nonbanking businesses achieving productive improvements successful some gross and net procreation year-over-year. We were besides pleased to denote an 8.8% betterment to our dividend to shareholders earlier successful the quarter, marking our 13th consecutive twelvemonth of increases. This reflects our beardown superior presumption and our procreation of accordant and improving operating earnings. As we person stated before, our superior utilization priorities are to proceed to enactment NBT's integrated maturation and the accordant betterment to the quarterly dividend we wage our shareholders.

In addition, we admit the accidental to measure and spouse with different like-minded assemblage banks. Returning superior to shareholders and opportunistic stock repurchases is besides portion of our superior planning. And arsenic such, we renewed our $2 cardinal stock repurchase authorization done the extremity of 2027. Before turning the gathering implicit to Annette to reappraisal our 3rd 4th results with you successful detail, Joe Stagliano volition supply immoderate further colour connected our advancement successful the Western portion of New York and different initiatives crossed the markets. Joe?