NBT Bancorp Inc. (NBTB)

NBT Bancorp experienced several stock-related events in the past six months. The company reported solid Q1 2025 earnings with improvements in net interest margin and noninterest income. NBT Bancorp completed the acquisition of Evans Bancorp, Inc. NBT Bancorp announced its second-quarter 2025 net income and approved an 8.8% cash dividend increase. The company increased its quarterly cash dividend by 8.8% to $0.37 per share. Director David J. Nasca sold 19,603 shares of the firm's stock on August 13th. Piper Sandler upgraded the stock to Overweight from Neutral, setting a price target of $47. NBT Bancorp reported record Q3 2025 net income of $54.5 million and diluted EPS of $1.03, beating analyst estimates and authorized repurchases of up to 2,000,000 shares. StockStory issued a "sell" recommendation for NBT Bancorp, citing an inferior net interest margin, slower earnings per share growth, and an estimated tangible book value per share growth that implies slowing profitability.

The banking industry, including regional banks like NBT Bancorp, experiences seasonal trends, primarily in the demand for loans. Loan demand is typically lowest in January and February, increases in March, and peaks in August or September, then decreases until December. This seasonality is influenced by changes in interest rates. For NBT Bancorp specifically, there was an observed inflow of seasonal municipal deposits during the first quarter of 2024.

NBT Bancorp Inc. is a financial holding company operating through NBT Bank, N.A., providing financial products and services to individuals, corporations, and municipalities. Its offerings include deposit accounts, various loan types, wealth management services, retirement plan services through EPIC Retirement Plan Services, and insurance services through NBT Insurance Agency, LLC.

NBT Bancorp's geographic footprint spans across several northeastern states, including upstate New York, northeastern Pennsylvania, southern New Hampshire, western Massachusetts, Vermont, southern Maine, and central and northwestern Connecticut, served by over 170 banking locations. The acquisition of Evans Bancorp, Inc. expanded its presence into Western New York, including Buffalo and Rochester markets. EPIC Retirement Plan Services has locations in Rochester, NY, St. Louis, MO, Peoria, IL, Portland, ME, New Gloucester, ME, Bedford, NH, and West Des Moines, IA. NBT Insurance Agency, LLC is based in Norwich, NY.

NBT Bancorp's brand reputation over the past year appears to be generally positive, driven by its financial performance and strategic growth, including the successful integration of Evans Bancorp. The company reported record net income and earnings per share in Q3 2025, with strong revenue growth and an improved net interest margin. Analyst sentiment has been moderately positive, with a "Buy" consensus. However, a "sell" recommendation from StockStory indicates some differing views on its financial outlook. The acquisition of Evans Bancorp did lead to a rise in nonperforming loans and a decline in Allowance for Loan Losses (ALL) coverage.

Institutional investors hold a significant portion of NBT Bancorp's stock, approximately 64.57% to 66.18%. Major institutional owners include BlackRock, Inc., The Vanguard Group, Inc., and Dimensional Fund Advisors L.P. Other institutions that have recently increased their holdings include EverSource Wealth Advisors LLC, Smartleaf Asset Management LLC, Tower Research Capital LLC TRC, M&T Bank Corp, and Bridgeway Capital Management LLC. Insider ownership is reported to be around 2.69% to 4.11%.