NBT BANCORP INC 10-Q

Financial Statements (unaudited)

ITEM 1. FINANCIAL STATEMENTS NBT Bancorp Inc. and Subsidiaries Consolidated Balance Sheets (unaudited) June 30, December 31, (In thousands, except share and per share data) 2026 2025 Assets Cash and due from banks $ 187,164 $ 185,158 Short-term interest-bearing accounts 107,489 301,958 Equity securities, at fair value 50,732 48,760 Securities available for sale, at fair value 2,006,206 1,862,838 Securities held to maturity (fair value $ 692,689 and $ 702,577 , respectively) 755,086 762,756 Federal Reserve and Federal Home Loan Bank stock 51,540 44,575 Loans held for sale - 1,108 Loans 11,874,081 11,598,114 Less allowance for loan losses 140,500 138,000 Net loans $ 11,733,581 $ 11,460,114 Premises and equipment, net 98,119 99,277 Goodwill 453,278 453,278 Intangible assets, net 51,117 57,656 Bank owned life insurance 314,806 317,733 Other assets 405,839 399,910 Total assets $ 16,214,957 $ 15,995,121 Liabilities Demand (noninterest bearing) $ 3,861,366 $ 3,800,209 Savings, interest-bearing checking and money market 8,347,052 8,206,539 Time 1,328,884 1,492,445 Total deposits $ 13,537,302 $ 13,499,193 Short-term borrowings 316,438 148,069 Long-term debt 43,043 43,176 Subordinated debt, net - 24,509 Junior subordinated debt 111,714 111,668 Other liabilities 262,541 272,290 Total liabilities $ 14,271,038 $ 14,098,905 Stockholders’ equity Preferred stock, $ 0.01 par value, 2,500,000 shares authorized $ - $ - Common stock, $ 0.01 par value, 100,000,000 shares authorized; 59,083,155 shares issued 591 591 Additional paid-in-capital 966,124 964,778 Retained earnings 1,262,559 1,196,850 Accumulated other comprehensive loss ( 89,132 ) ( 82,596 ) Common stock in treasury, at cost, 7,128,171 and 6,880,200 shares, respectively ( 196,223 ) ( 183,407 ) Total stockholders’ equity $ 1,943,919 $ 1,896,216 Total liabilities and stockholders’ equity $ 16,214,957 $ 15,995,121 See accompanying notes to unaudited interim consolidated financial statements. 4 Table of Contents NBT Bancorp Inc. and Subsidiaries Consolidated Statements of Income (unaudited) Three Months Ended Six Months Ended June 30, June 30, (In thousands, except per share data) 2026 2025 2026 2025 Interest, fee and dividend income Interest and fees on loans $ 163,764 $ 158,912 $ 324,866 $ 296,964 Securities available for sale 14,770 11,609 28,252 21,871 Securities held to maturity 4,426 4,870 8,776 9,784 Other 2,801 2,