NBT BANCORP INC

For the period ended Sep 30, 2025. Filed Nov 7, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Nov 7, 2025

NBTB$53.41-0.4%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Consolidated Statements of Cash Flows

	Nine Months Ended September 30,
(In thousands)	2025	2024
Operating activities
Net income	$113,726	$104,636
Adjustments to reconcile net income to net cash provided by operating activities
Provision for loan losses	28,489	17,398
Depreciation and amortization of premises and equipment	9,569	8,609
Net amortization on securities	1,219	1,926
Amortization of intangible assets	8,582	6,363
Amortization of operating lease right-of-use assets	6,342	5,615
Excess tax benefit on stock-based compensation	(662)	(185)
Stock-based compensation expense	4,634	5,155
Bank owned life insurance income	(8,817)	(6,054)
Amortization of subordinated debt issuance costs	199	328
Proceeds from sale of loans held for sale	208,465	85,479
Originations of loans held for sale	(202,843)	(85,484)
Net gain on sale of loans held for sale	(512)	(136)
Net securities gains	(6)	(2,567)
Net gains on sale of other real estate owned	(111)	-
Net change in other assets and other liabilities	797	(1,688)
Net cash provided by operating activities	$169,071	$139,395
Investing activities
Net cash provided by (used in) acquisitions	$37,944	$(983)
Securities available for sale:
Proceeds from maturities, calls and principal paydowns	160,693	101,583
Proceeds from sales	254,468	2,284
Purchases	(342,763)	(135,436)
Securities held to maturity:
Proceeds from maturities, calls and principal paydowns	142,526	121,314
Purchases	(68,463)	(71,984)
Equity securities:
Proceeds from sales	491	-
Purchases	-	(18)
Other:
Net decrease (increase) in loans	24,735	(268,954)
Proceeds from Federal Reserve and Federal Home Loan Bank stock redemption	30,264	70,143
Purchases of Federal Reserve and Federal Home Loan Bank stock	(30,876)	(62,014)
Proceeds from settlement of bank owned life insurance	7,897	608
Purchases of premises and equipment, net	(12,271)	(8,111)
Proceeds from sales of other real estate owned	269	-
Net cash provided by (used in) investing activities	$204,914	$(251,568)
Financing activities
Net increase in deposits	$250,108	$619,284
Net decrease in short-term borrowings	(67,213)	(181,692)
Redemption of subordinated debt	(118,000)	-
Repayments of long-term debt	(25,118)	(114)
Proceeds from the issuance of shares to employee and other stock plans	117	61
Cash paid by employer for tax-withholding on stock issuance	(4,414)	(1,623)
Purchase of treasury stock	-	(251)
Cash dividends	(53,279)	(46,222)
Net cash (used in) provided by financing activities	$(17,799)	$389,443
Net increase in cash and cash equivalents	$356,186	$277,270
Cash and cash equivalents at beginning of period	284,056	205,189
Cash and cash equivalents at end of period	$640,242	$482,459

Consolidated Statements of Cash Flows (unaudited) (continued)

	Nine Months Ended September 30,
	2025	2024
Supplemental disclosure of cash flow information
Cash paid during the period for:
Interest expense	$160,370	$162,973
Income taxes paid, net of refund	16,341	17,115
Noncash investing activities:
Loans transferred to other real estate owned	$243	$127
Acquisitions:
Fair value of assets acquired, excluding acquired cash and goodwill	$2,087,439	$1,763
Fair value of liabilities assumed	1,997,253	-

Notes

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.