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NBT Bancorp points to net interest margin expansion and strong loan growth
The bank said noninterest income, led by retirement plan and wealth services, made up 27% of total revenues in the quarter.
NBT Bancorp Inc. reported Q2 2026 earnings momentum driven by a higher net interest margin, which expanded to 3.73%, alongside balanced loan growth across its business lines, according to a Yahoo Finance earnings call summary.
Management said loan activity in the quarter reflected a recovery from first-quarter weather delays and fewer commercial real estate payoffs, helping support growth. The bank also highlighted the Evans Bancorp acquisition as a foundation for its Buffalo and Rochester franchise, with Buffalo leading loan origination volume.
In revenue mix, NBT Bancorp noted noninterest income, led by retirement plan and wealth services, contributed 27% of total revenues. The company added that Central New Yorks semiconductor corridor showed “building momentum,” citing Micron site progress as a catalyst for future infrastructure and professional services opportunities.
On capital and costs, the summary said deposits remained heavily weighted toward low-cost accounts, with nearly 60% of deposits in low-cost categories and a total cost of funds of 1.41%. NBT Bancorp also increased its quarterly cash dividend by 8.1% to $0.40 per share, marking a 14th consecutive year of dividend growth, and said it used excess capital for opportunistic share repurchases totaling 318,000 shares in the first half of 2026.