NBT BANCORP INC
For the period ended Sep 30, 2026. Filed Nov 6, 2026.
View on SEC.govAbout 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, 2026 · Filed Nov 6, 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 Cash Flows
Consolidated Statements of Cash Flows (unaudited)
| Nine Months Ended | ||
|---|---|---|
| September 30, | ||
| (In thousands) | 2026 | 2025 |
| Operating activities | ||
| Net income | $162,200 | $113,726 |
| Adjustments to reconcile net income to net cash provided by operating activities | ||
| Provision for loan losses | 15,505 | 28,489 |
| Depreciation and amortization of premises and equipment | 10,467 | 9,569 |
| Net amortization on securities | 259 | 1,219 |
| Amortization of intangible assets | 9,561 | 8,582 |
| Amortization of operating lease right-of-use assets | 6,877 | 6,342 |
| Excess tax benefit on stock-based compensation | (230) | (662) |
| Stock-based compensation expense | 4,802 | 4,634 |
| Bank owned life insurance income | (7,559) | (8,817) |
| Amortization of subordinated debt issuance costs | - | 199 |
| Proceeds from sale of loans held for sale | 4,258 | 208,465 |
| Originations of loans held for sale | (3,886) | (202,843) |
| Net gains on sale of loans held for sale | (105) | (512) |
| Net securities (gains) | (679) | (6) |
| Net gains on sale of other real estate owned | (112) | (111) |
| Net change in other assets and other liabilities | (10,112) | 797 |
| Net cash provided by operating activities | $191,246 | $169,071 |
| Investing activities | ||
| Net cash (used in) provided by acquisitions | $(735) | $37,944 |
| Securities available for sale: | ||
| Proceeds from maturities, calls and principal paydowns | 218,590 | 160,693 |
| Proceeds from sales | - | 254,468 |
| Purchases | (404,063) | (342,763) |
| Securities held to maturity: | ||
| Proceeds from maturities, calls and principal paydowns | 131,440 | 142,526 |
| Purchases | (178,209) | (68,463) |
| Equity securities: | ||
| Proceeds from sales | - | 491 |
| Other: | ||
| Net (increase) decrease in loans | (364,295) | 24,735 |
| Proceeds from Federal Reserve and Federal Home Loan Bank stock redemption | 49,903 | 30,264 |
| Purchases of Federal Reserve and Federal Home Loan Bank stock | (61,991) | (30,876) |
| Proceeds from settlement of bank owned life insurance | 8,091 | 7,897 |
| Purchases of premises and equipment, net | (7,691) | (12,271) |
| Proceeds from sales of other real estate owned | 559 | 269 |
| Net cash (used in) provided by investing activities | $(608,401) | $204,914 |
| Financing activities | ||
| Net increase in deposits | $87,248 | $250,108 |
| Net increase (decrease) in short-term borrowings | 266,328 | (67,213) |
| Redemption of subordinated debt | (25,000) | (118,000) |
| Repayments of long-term debt | (83) | (25,118) |
| Proceeds from the issuance of shares to employee and other stock plans | - | 117 |
| Cash paid by employer for tax-withholding on stock issuance | (1,971) | (4,414) |
| Purchase of treasury stock | (15,036) | - |
| Cash dividends | (59,247) | (53,279) |
| Net cash provided by (used in) financing activities | $252,239 | $(17,799) |
| Net (decrease) increase in cash and cash equivalents | $(164,916) | $356,186 |
| Cash and cash equivalents at beginning of period | 487,116 | 284,056 |
| Cash and cash equivalents at end of period | $322,200 | $640,242 |
Consolidated Statements of Cash Flows (unaudited) (continued)
| Nine Months Ended | |||
|---|---|---|---|
| September 30, | |||
| 2026 · 2025 | |||
| Supplemental disclosure of cash flow information | |||
| Cash paid during the period for: | |||
| Interest expense | $151,448 | $160,370 | |
| Income taxes paid, net of refund | 34,061 | 16,341 | |
| Noncash investing activities: | |||
| Loans transferred to other real estate owned | $392 | $243 | |
| Acquisitions: | |||
| Fair value of assets acquired, excluding acquired cash and goodwill | $ | - | $2,087,439 |
| Fair value of liabilities assumed | - | 1,997,253 | |
| Common stock issued | - | 221,767 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.