NBT BANCORP INC
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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FY2025 · Filed Feb 27, 2026
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 exhibitsContents
Consolidated Statements of Income
Statements ofIncome
| Years Ended December 31, | |||
|---|---|---|---|
| (In thousands, except per share data) | 2025 | 2024 | 2023 |
| Interest, fee and dividend income | |||
| Interest and fees on loans | $632,311 | $552,846 | $462,669 |
| Securities available for sale | 47,015 | 31,274 | 29,812 |
| Securities held to maturity | 18,777 | 20,466 | 20,681 |
| Other | 12,889 | 7,084 | 9,627 |
| Total interest, fee and dividend income | $710,992 | $611,670 | $522,789 |
| Interest expense | |||
| Deposits | $192,334 | $186,948 | $104,641 |
| Short-term borrowings | 3,643 | 8,669 | 25,608 |
| Long-term debt | 1,463 | 1,166 | 925 |
| Subordinated debt | 4,875 | 7,232 | 6,076 |
| Junior subordinated debt | 7,131 | 7,533 | 7,320 |
| Total interest expense | $209,446 | $211,548 | $144,570 |
| Net interest income | $501,546 | $400,122 | $378,219 |
| Provision for loan losses | 32,254 | 19,607 | 25,274 |
| Net interest income after provision for loan losses | $469,292 | $380,515 | $352,945 |
| Noninterest income | |||
| Service charges on deposit accounts | $19,067 | $17,087 | $15,425 |
| Card services income | 23,988 | 22,331 | 20,829 |
| Retirement plan administration fees | 61,585 | 56,587 | 47,221 |
| Wealth management | 44,755 | 41,641 | 34,763 |
| Insurance services | 18,035 | 17,032 | 15,667 |
| Bank owned life insurance income | 12,393 | 8,325 | 6,750 |
| Net securities gains (losses) | 148 | 2,789 | (9,315) |
| Other | 15,522 | 11,032 | 10,838 |
| Total noninterest income | $195,493 | $176,824 | $142,178 |
| Noninterest expense | |||
| Salaries and employee benefits | $257,478 | $232,487 | $194,250 |
| Technology and data services | 44,025 | 39,139 | 38,163 |
| Occupancy | 36,385 | 31,309 | 28,408 |
| Professional fees and outside services | 21,740 | 19,132 | 17,601 |
| Office supplies and postage | 8,095 | 7,525 | 6,917 |
| FDIC assessment | 7,889 | 6,765 | 6,257 |
| Marketing | 4,013 | 3,386 | 3,054 |
| Amortization of intangible assets | 11,944 | 8,443 | 4,734 |
| Loan collection and other real estate owned, net | 2,648 | 2,505 | 2,618 |
| Acquisition expenses | 19,526 | 1,531 | 9,978 |
| Other | 31,598 | 25,659 | 29,684 |
| Total noninterest expense | $445,341 | $377,881 | $341,664 |
| Income before income tax expense | $219,444 | $179,458 | $153,459 |
| Income tax expense | 50,209 | 38,817 | 34,677 |
| Net income | $169,235 | $140,641 | $118,782 |
| Earnings per share | |||
| Basic | $3.34 | $2.98 | $2.67 |
| Diluted | $3.33 | $2.97 | $2.65 |
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