NBT Bancorp (NBTB) investor relations material

Company profile and business overview

• Ranked as the 81st largest bank holding company with $16.2 billion in assets and $13.74 billion in deposits as of March 31, 2026.

• Operates 176 branches across 7 northeastern states, offering retail, commercial, and fee-based financial services.

• Maintains a diverse, granular deposit base and a strong capital position, supporting growth in dynamic markets.

• Wealth management and retirement plan services are significant contributors to noninterest income.

• Recognized for strong asset quality and conservative credit culture.

Strategic initiatives and growth

• Pursues organic growth and selective acquisitions, recently expanding in Upstate New York and New England.

• Completed 14 acquisitions since 2013, including Evans Bank in 2025 and Salisbury Bank in 2023.

• Focuses on growing fee-based businesses such as retirement plan administration, wealth management, and insurance.

• Invests in technology to enhance customer and employee experience, including digital banking and AI integration.

• Supports regional economic development, especially in New York’s semiconductor and manufacturing sectors.

Financial performance and profitability

• Total assets reached $16.2 billion and deposits $13.74 billion in Q1 2026, both up significantly year-over-year.

• Net income for Q1 2026 was $51.1 million, with diluted EPS of $0.98 and a net interest margin of 3.72%.

• Noninterest income represented 27% of total revenue, outperforming peer median of 17%.

• Tangible equity ratio stood at 8.96%, and total risk-based capital ratio at 14.52%.

• Dividend increased for the 13th consecutive year, with a Q1 2026 payout of $0.37 per share.