NBTB Q1 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Fri, April 24, 2026 astatine 10:34 AM CDT 28 min read

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Friday, Apr. 24, 2026 astatine 10 a.m. ET

• Chief Executive Officer — Scott A. Kingsley

• Chief Financial Officer — Annette L. Burns

• President, NBT Bank — Joseph R. Stagliano

• Treasurer — Joe Ondesco

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Scott A. Kingsley: Thank you. Good morning, and convey you for joining america for this net telephone covering NBT Bancorp Inc.'s archetypal 4th 2026 results. With maine contiguous are Annette L. Burns, NBT Bancorp Inc.'s Chief Financial Officer; Joseph R. Stagliano, President of NBT Bancorp Inc. Bank; and Joe Ondesco, our Treasurer. Our coagulated operating show for the archetypal 4th was driven by disciplined equilibrium expanse management, the maturation of our diversified gross streams, and the continued benefits of integrating Evans Bancorp into our franchise pursuing the merger successful May 2025. These factors person contributed to productive gains successful operating leverage. Operating instrumentality connected assets was 1.29% for the archetypal 4th with a instrumentality connected tangible equity of 15.5%.

These metrics correspond meaningful betterment implicit the archetypal 4th of past twelvemonth and person provided incremental superior flexibility. Our tangible publication worth per stock of $27.05 astatine 4th extremity was much than 9% higher than a twelvemonth ago. The continued remix of earning assets, diligent absorption of backing costs, and the summation of the Evans equilibrium expanse resulted successful a 28 ground constituent betterment successful nett involvement borderline twelvemonth implicit year. We got disconnected to a dilatory commencement successful January and February with precise hard wintertime upwind conditions, and we experienced a higher-than-expected level of commercialized existent property payoffs.

With that said, enactment since past has been rather good, and we are precise pleased with the types of lawsuit opportunities we are seeing crossed our footprint, arsenic good arsenic our existent pipeline levels. Growth successful noninterest income continued to beryllium positive, highlighted by a caller all-time precocious successful quarterly gross procreation from our status program medication business. Our superior utilization priorities stay focused connected supporting integrated maturation portion continuing our long-standing committedness to yearly dividend growth. In addition, our beardown superior levels proceed to let america to measure a assortment of M&A opportunities. Another constituent of our superior readying is to instrumentality superior to shareholders done opportunistic stock repurchases.

Consistent with that approach, we repurchased 250 1000 of our ain shares again successful 2026. One twelvemonth in, the integration of our Evans Bank colleagues has gone smoothly and validated the beardown taste alignment we saw from the outset. Their customer- and community-focused attack continues to heighten our franchise and we stay excited astir the opportunities up successful the Western Region of New York. Momentum crossed the Upstate New York semiconductor corridor continues to build. Since Micron's groundbreaking precocious past twelvemonth and the completion of its tract acquisition from Onondaga County successful the archetypal quarter, improvement enactment has accelerated.