NBT Bancorp Reports Strong Q1 2025 Earnings

NBT Bancorp ( (NBTB) ) has released its Q1 earnings. Here is a breakdown of the information NBT Bancorp presented to its investors.

NBT Bancorp Inc., a financial holding company headquartered in Norwich, NY, operates primarily through NBT Bank, N.A., a full-service community bank, and offers financial services through its subsidiaries. The company has a significant presence in the northeastern United States with a focus on community banking and financial services.

In its first quarter of 2025 earnings report, NBT Bancorp Inc. announced a net income of $36.7 million, or $0.77 per diluted share, marking an increase from the same quarter in the previous year. The company highlighted growth in both net interest income and noninterest income, contributing to positive operating leverage.

Key financial metrics for the first quarter of 2025 included a net interest income of $107.2 million, an increase from the previous quarter, and a net interest margin of 3.44%. Noninterest income rose by 12.7% from the fourth quarter of 2024, driven by higher retirement plan administration fees and insurance revenues. The company also reported a slight increase in total loans and deposits, reflecting steady growth.

NBT Bancorp’s strategic initiatives include the expansion of its banking locations and the anticipated merger with Evans Bancorp, Inc., which is expected to enhance its market presence in Buffalo and Rochester, NY. The company’s capital position remains robust, with a CET1 ratio of 12.12% and a leverage ratio of 10.39%.

Looking ahead, NBT Bancorp is focused on executing its strategic growth initiatives and completing the merger with Evans Bancorp, which is expected to strengthen its market position and operational capabilities. The company remains committed to maintaining a strong capital position while navigating the evolving economic landscape.