In 2025, NBT completed the all-stock acquisition of Evans Bancorp, Inc. for $221.8 million, adding $1.86 billion of deposits and expanding its presence in Western New York. The company has achieved thirteen consecutive years of annual dividend increases, demonstrating shareholder-focused capital management.
Cyborg Score Rationale
NBT delivered strong financial performance in 2025 with net income of $169.2 million, or $3.33 per diluted share, up from $140.6 million in the prior year. Net interest income increased 25.3% to $501.5 million, driven by higher asset yields and the Evans acquisition. The company maintains disciplined capital management and consistent shareholder returns.
Top Insights
Q4 2025 net income rose to $55.5 million, or $1.06 per share, compared to $36.0 million in Q4 2024, reflecting 54% year-over-year growth.
The Evans acquisition added 200 employees, 18 banking locations, $1.67 billion in loans and $1.86 billion in deposits.
NBT maintained 'well capitalized' status with capital measurements well in excess of regulatory minimum guidelines.
The company operates with 2,303 full-time equivalent employees and emphasizes human capital development and community investment.
Named Competitors
EPIC Retirement Plan Services — National benefits administration and retirement plan services
Community Banking — Traditional and digital banking services across Northeast
Recent Developments
(January 2026) Announced 2025 full-year results with net income of $169.2 million and 13th consecutive year of dividend increases
(January 2026) Approved 8.8% dividend increase payable March 16, 2026
(May 2025) Completed all-stock acquisition of Evans Bancorp for $221.8 million in all-stock transaction
(July 2025) Redeemed $118 million of subordinated debt at weighted average rate of 5.45%
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