NBT Bancorp Inc. Announces Record Third Quarter 2025 Results and Declares Cash Dividend

NBT Bancorp Inc. reported record net income of $54.5 million, or $1.03 per diluted share, for the third quarter of 2025, compared to $38.1 million, or $0.80 per diluted share, in the same period last year. The company also declared a quarterly cash dividend of $0.37 per share, representing an 8.8% increase over the prior year. The strong performance was driven by the acquisition of Evans Bancorp, Inc., which added $1.67 billion in loans and $1.86 billion in deposits. Net interest income increased to $134.7 million, up from $101.7 million in the third quarter of 2024, while the net interest margin improved to 3.66%. The company's return on average assets was 1.35%, and the return on average tangible common equity was 17.35%. NBT Bancorp also announced an amendment to its stock repurchase program, authorizing the repurchase of up to 2 million shares by December 31, 2027.