NBT Bancorp | 10-Q: FY2025 Q3 Revenue: USD 241.87 M

Revenue: As of FY2025 Q3, the actual value is USD 241.87 M.

EPS: As of FY2025 Q3, the actual value is USD 1.03, beating the estimate of USD 0.9667.

EBIT: As of FY2025 Q3, the actual value is USD -59.74 M.

Segment Revenue

• Interest, Fee and Dividend Income: For the three months ended September 30, 2025, the total was $190,467 thousand, compared to $156,230 thousand in 2024. For the nine months ended September 30, 2025, it was $522,448 thousand, compared to $453,933 thousand in 2024.

Operational Metrics

• Net Interest Income: For the three months ended September 30, 2025, net interest income was $134,663 thousand, compared to $101,669 thousand in 2024. For the nine months ended September 30, 2025, it was $366,106 thousand, compared to $294,017 thousand in 2024.
• Net Income: For the three months ended September 30, 2025, net income was $54,471 thousand, compared to $38,097 thousand in 2024. For the nine months ended September 30, 2025, it was $113,726 thousand, compared to $104,636 thousand in 2024.

Cash Flow

• Net Cash Provided by Operating Activities: For the nine months ended September 30, 2025, net cash provided by operating activities was $169,071 thousand, compared to $139,395 thousand in 2024.
• Net Cash Provided by (Used in) Investing Activities: For the nine months ended September 30, 2025, net cash provided by investing activities was $204,914 thousand, compared to net cash used in investing activities of - $251,568 thousand in 2024.
• Net Cash (Used in) Provided by Financing Activities: For the nine months ended September 30, 2025, net cash used in financing activities was - $17,799 thousand, compared to net cash provided by financing activities of $389,443 thousand in 2024.

Unique Metrics

• Allowance for Credit Losses: The allowance for credit losses was $139.0 million at September 30, 2025, compared to $116.0 million at December 31, 2024.

Future Outlook and Strategy

• Core Business Focus: The company completed the acquisition of Evans Bancorp, Inc. on May 2, 2025, enhancing its presence in Western New York. The acquisition is expected to bring synergies and economies of scale.
• Non-Core Business: The company acquired certain assets of PACO, Inc. and Karl W. Reynard, Inc. in 2024, expanding its presence in the Catskills and enhancing its insurance services.