NBT Bancorp (NASDAQ:NBTB) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

NBT Bancorp (NASDAQ:NBTB) posted its earnings results on Monday. The bank reported $1.01 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.01), FiscalAI reports. NBT Bancorp had a return on equity of 11.36% and a net margin of 22.58%.The business had revenue of $186.69 million for the quarter, compared to the consensus estimate of $188.81 million.

NBT Bancorp Stock Up 2.1%

NBT Bancorp stock opened at $53.64 on Wednesday. NBT Bancorp has a fifty-two week low of $39.19 and a fifty-two week high of $54.02. The stock has a market cap of $2.79 billion, a PE ratio of 13.11 and a beta of 0.48. The firm’s 50-day simple moving average is $48.69 and its 200 day simple moving average is $45.58. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.87 and a current ratio of 0.87.

NBT Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.0%. This is a boost from NBT Bancorp’s previous quarterly dividend of $0.37. The ex-dividend date is Tuesday, September 1st. NBT Bancorp’s dividend payout ratio is presently 42.17%.

NBT Bancorp News Summary

Here are the key news stories impacting NBT Bancorp this week:

• Positive Sentiment: NBT Bancorp raised its quarterly dividend 8.1%, from $0.37 to $0.40 per share. The new payout represents an annualized dividend of $1.60 and an indicated yield of approximately 3%, supporting the stock’s income appeal. NBT Bancorp Second Quarter Results and Dividend Increase
• Positive Sentiment: Second-quarter earnings per share rose to $1.01 from $0.88 a year earlier, indicating continued year-over-year earnings growth despite the estimate miss. NBT Bancorp Lags Q2 Estimates
• Positive Sentiment: Management outlined a 2.5%-3% expense-growth target for 2026. A disciplined expense outlook could help protect margins and support future profitability. NBT Expense Growth Target and Dividend Increase
• Neutral Sentiment: Loan growth was a constructive element of the quarter, but changes in the deposit mix produced mixed results, leaving investors to weigh growth against funding and margin considerations. NBTB Q2 Loan Growth and Deposit Mix
• Negative Sentiment: Quarterly EPS of $1.01 fell just short of the $1.02 consensus estimate, while revenue of $186.69 million also missed the $188.81 million forecast. These modest shortfalls may limit near-term upside. Key Metrics in NBT Q2 Earnings

Insider Activity

In other news, Director Heidi M. Hoeller sold 2,100 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $48.03, for a total value of $100,863.00. Following the transaction, the director owned 11,560 shares in the company, valued at $555,226.80. The trade was a 15.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ruth H. Mahoney sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $46.60, for a total value of $233,000.00. Following the completion of the transaction, the executive vice president directly owned 16,428 shares of the company’s stock, valued at approximately $765,544.80. This represents a 23.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 2.99% of the company’s stock.

Institutional Trading of NBT Bancorp

A number of hedge funds have recently bought and sold shares of the business. State Street Corp boosted its position in NBT Bancorp by 7.8% in the second quarter. State Street Corp now owns 2,531,336 shares of the bank’s stock worth $105,177,000 after purchasing an additional 182,793 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in NBT Bancorp by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,300,834 shares of the bank’s stock valued at $95,531,000 after purchasing an additional 8,044 shares during the period. Victory Capital Management Inc. increased its position in shares of NBT Bancorp by 2.0% during the 4th quarter. Victory Capital Management Inc. now owns 663,092 shares of the bank’s stock valued at $27,532,000 after purchasing an additional 12,967 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of NBT Bancorp by 63.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 451,047 shares of the bank’s stock valued at $18,741,000 after purchasing an additional 174,639 shares during the last quarter. Finally, Nuveen LLC raised its stake in shares of NBT Bancorp by 171.0% during the 4th quarter. Nuveen LLC now owns 286,107 shares of the bank’s stock worth $11,879,000 after purchasing an additional 180,528 shares during the period. 58.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on NBTB shares. Piper Sandler lifted their price target on NBT Bancorp from $50.00 to $56.00 and gave the company an “overweight” rating in a research note on Friday, June 26th. Hovde Group decreased their price objective on NBT Bancorp from $47.00 to $46.50 and set a “market perform” rating for the company in a report on Monday, April 27th. Weiss Ratings reissued a “buy (b)” rating on shares of NBT Bancorp in a research note on Tuesday, July 21st. Finally, DA Davidson restated a “buy” rating and issued a $52.00 target price on shares of NBT Bancorp in a report on Monday, April 27th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $51.50.

About NBT Bancorp

NBT Bancorp, Inc (NASDAQ: NBTB) is the bank holding company for NBT Bank, N.A., a full-service commercial bank that serves both individual and corporate clients across the Northeastern United States. Through its branch network and digital channels, the company offers a comprehensive range of commercial banking services, including business lending, treasury management, cash management and specialized industry financing. Its consumer banking platform provides checking and savings accounts, certificates of deposit, home mortgages, home equity lines of credit and other lending solutions tailored to meet personal and household financial needs.

In addition to traditional banking, NBT Bancorp delivers wealth management and fiduciary services through its trust division, offering investment advisory, trust administration, retirement planning and estate settlement.