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Sep 30
NBT Q3 2025 Earnings Report
NBT Bancorp reported record net income and EPS for Q3 2025, boosted by the full-quarter impact of the Evans Bancorp acquisition.
Key Takeaways
NBT Bancorp posted strong Q3 2025 results with record net income of $54.5 million and EPS of $1.03. The acquisition of Evans Bancorp contributed significantly to growth in earning assets, loans, and deposits, while net interest margin improved for the sixth consecutive quarter.
Net income reached a record $54.5 million, up from $22.5 million in Q2.
EPS rose to $1.03, with operating EPS (non-GAAP) at $1.05.
Net interest income was $134.7 million, driven by higher earning asset yields and the Evans acquisition.
Total deposits climbed to $13.66 billion, with $1.86 billion from Evans.
NBT
NBT
NBT Revenue by Segment
Revenue by Segment
Deposit Service Charges Revenue
CapyFin.comCard Services Revenue
CapyFin.comRetirement Admin Fees Revenue
CapyFin.comWealth Management Revenue
CapyFin.comInsurance Revenue
CapyFin.comBOLI Income Revenue
CapyFin.comOther Noninterest Income Revenue
CapyFin.com Forward Guidance
NBT expects continued momentum into Q4 and beyond, supported by integration synergies from Evans, stable credit quality, and strong capital ratios.
Positive Outlook
- Full-quarter contribution from Evans Bancorp expected to continue supporting growth
- Credit quality metrics remain stable with low nonperforming asset ratios
- Sustained improvement in net interest margin projected
- Robust capital position with CET1 at 11.80%
- Cost of funds declining, supporting margin resilience
Challenges Ahead
- Slight increase in nonperforming loans and assets
- Elevated expenses from integration and compensation
- Loan growth excluding Evans and runoff portfolios was modest
- Ongoing runoff of consumer and solar loan portfolios
- Continued pressure on deposit pricing due to competition