The slight EPS miss and rising nonperforming loans warrant caution, but the dividend increase and NIM expansion support the bull case. Monitor the Q3 2026 earnings call for guidance on loan growth sustainability and credit quality trends, especially the commercial past-due loans expected to return to current status.
Price Chart
Executive Summary
NBT Bancorp reported Q2 2026 operating EPS of $1.01, a slight miss vs the $1.02 consensus, while net interest margin expanded to 3.73% and loans grew 2.4% from year-end. The Evans Bancorp acquisition continues to boost earnings year-over-year, but the EPS miss and a rise in nonperforming loans temper the positive momentum. The 8.1% dividend increase signals management confidence, but the stock may face modest pressure from the consensus miss.
Key Financial Metrics
Key Facts
- Operating diluted EPS of $1.01 missed consensus of $1.02 by 1.3%
- Net interest margin (FTE) expanded to 3.73%, up 14 bps YoY and 1 bp QoQ
- Net income of $53.0M vs $22.5M in Q2 2025, boosted by Evans acquisition
- Total loans grew $276M (2.4%) from Dec 2025 to $11.87B
- Nonperforming loans to total loans rose to 0.55% from 0.45% at Dec 2025
- Quarterly dividend increased 8.1% to $0.40 per share, 14th consecutive annual increase
- Subordinated debt of $25M redeemed on June 30, 2026
Financial Impact
EPS miss of ~$0.01 vs consensus; net interest income up 10.3% YoY; dividend increase of $0.03 per share
Risk Factors
- Rising nonperforming loans (0.55% of total loans) and past-due loans (0.63%) could pressure credit costs
- Integration risks from Evans acquisition may weigh on expense efficiency
- Interest rate sensitivity: further Fed cuts could compress NIM if deposit costs don't decline proportionally
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3333880 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 30, 2026 12w ago | Insider Cluster | $52.93 $52.87 | ▼ −0.11% | ▼ −2.58% | $53.13 (+0.38%) |
Jul 27, 2026 13w ago | Press Release | $53.64 $51.45 | ▼ −4.08% | ▼ −8.43% | $53.13 (−0.95%) |
Jul 1, 2026 16w ago | Press Release | $50.25 $51.57 | ▲ +2.63% | ▼ −0.80% | $53.13 (+5.73%) |
Jun 12, 2026 19w ago | Insider Cluster | $48.18 $51.15 | ▲ +6.16% | ▲ +3.38% | $53.13 (+10.27%) |
Jun 10, 2026 19w ago | Insider Cluster | $47.47 $52.27 | ▲ +10.11% | ▲ +3.94% | $53.13 (+11.92%) |
Apr 23, 2026 26w ago | 8-K | $43.25 $52.08 | ▼ −20.42% | ▼ −15.34% | $53.13 (−22.84%) |
Apr 23, 2026 26w ago | Press Release | $43.25 $52.08 | ▼ −20.42% | ▼ −15.34% | $53.13 (−22.84%) |
Apr 6, 2026 29w ago | DEFA14A | $43.69 $50.25 | ▲ +15.01% | ▲ +1.55% | $53.13 (+21.61%) |
US Market Status
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