10-Q · May 8, 2026
NBT Bancorp Inc. reported Q1 2026 earnings with total revenue of $184.5 million and diluted EPS of $0.97, slightly missing estimates. Revenue showed a decrease of 8.6% compared to Q4 2025 but increased by 26.6%…
Earnings analysis · 10-Q
NBTB earnings analysis
Filed August 7, 2026 · Our reading of the company's report
The latest report
NBT reported Q2 revenue of $187.2 million and GAAP diluted EPS of $1.02, with EPS improving from $0.98 in Q1 2026 but revenue declining from $233 million. Net interest income, net interest margin and loan growth…
Read full summary
NBT reported Q2 revenue of $187.2 million and GAAP diluted EPS of $1.02, with EPS improving from $0.98 in Q1 2026 but revenue declining from $233 million. Net interest income, net interest margin and loan growth improved sequentially, but worsening nonperforming-asset and past-due-loan ratios and higher credit provisioning remain concerns. No quantitative forward revenue or EPS guidance was provided, and the company disclosed 0 material changes to its previously reported risk factors.
Reported figures
- Earnings per share
- $1.02
What stood out
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Revenue declined sequentially and year over year
Q2 revenue was $187.2 million, down 19.9% from $233 million in Q1 2026 and down 16.8% from $225 million in Q2 2025. Revenue was also 0.4% below the $188.01968 million consensus estimate.
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EPS improved sequentially
GAAP diluted EPS was $1.02, up 4.1% from $0.98 in Q1 2026 and more than double the $0.44 reported in Q2 2025. Operating diluted EPS was $1.01, narrowly below the $1.02 consensus estimate.
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NII, NIM and loans improved
Net interest income and net interest margin improved sequentially in Q2, while the company reported broad-based loan growth; the filing materials do not provide exact NII, NIM, or loan-growth amounts.
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Share repurchases continued
NBT repurchased 68,595 shares during Q2 at an average price of $43.96, leaving 1,431,405 shares available under the repurchase authorization as of June 30, 2026.
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Disclosure controls remained effective
Management concluded that disclosure controls and procedures were effective as of June 30, 2026, supporting the reliability of the reported quarterly disclosures.
What to watch
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Small quarterly earnings miss
Revenue of $187.2 million was $0.81968 million below the $188.01968 million consensus estimate, while operating diluted EPS of $1.01 was $0.01 below the $1.02 estimate.
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Asset quality deteriorated
Nonperforming-asset and past-due-loan ratios increased sequentially, and credit provisioning was higher; the supplied filing text does not include the exact ratios or provision amount.
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No new risk-factor disclosures
The 10-Q states there were no material changes to the risk factors in the 2025 Annual Report on Form 10-K, so the number of disclosed risk-factor changes was 0; existing banking, credit, liquidity and interest-rate risks therefore remain applicable.
Management's outlook
No quantitative forward revenue or EPS guidance was provided in the 10-Q materials or the prior earnings release.
Earlier filings 1
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.