NBTB earnings analysis
What we found in NBTB's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- 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.
- 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.
- 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.
- 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.
- 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.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- 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.
- 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.
- 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.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $1.02
What they said about what is next.
No quantitative forward revenue or EPS guidance was provided in the 10-Q materials or the prior earnings release.
The filing reads about the same as the one before it.
What came before.
- 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%…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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