Short answer
NBT BANCORP INC (NBTB) filed its fiscal 2025 10-K annual report with the SEC on Feb 27, 2026. It reported revenue of $183M (+10.4% year over year) and net income of $169M.
- Top risk flagged: Regulatory risk from Expanded Guidance for Subprime Lending Programs by Federal bank regulators limiting subprime mortgage exposure
FY2025 key financial metrics · XBRL
- Revenue
- $183M
- +10.4% YoY
- Net income
- $169M
- +20.3% YoY
- EPS (diluted)
- $3.33
- +12.1% YoY
- ROE
- 8.9%
- −0.3 pp YoY
- Operating cash flow
- $235M
- +24.7% YoY
Source: XBRL data from the NBT BANCORP INC (NBTB) FY2025 10-K on SEC EDGAR. USD.
NBT BANCORP INC FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: Regional bank holding company with $16.00 billion in consolidated assets as of Dec 31, 2025
- Emphasis on enhanced regulatory compliance due to surpassing $10 billion asset threshold, including Volcker Rule and CFPB examinations
- Increased focus on cybersecurity and AI risks, addressing evolving threats and regulatory uncertainties with ongoing investments
- Investment in FHLB of New York common stock valued at $13.6 million supports liquidity and funding capacity
- Noteworthy legal and environmental liabilities from real estate-backed loan portfolio with potential contamination risks
Management Discussion & Analysis
- Revenue $328.4M, down 1.7% YoY from $334.1M in prior year
- Net interest margin decreased to 3.15% vs 3.43% in prior year
- Best segment: Commercial Banking with net income $75M, worst: Wealth Management net income $8M
- Operating expenses $185M up 3.2%, efficiency ratio 56.3% vs 54.8% prior year
- Cash dividends $25.4M, share repurchases $10M, capital expenditures $7M
- Management expects stable loan growth, but notes rising interest rates and regulatory changes as key risks
Risk Factors
- Regulatory risk from Expanded Guidance for Subprime Lending Programs by Federal bank regulators limiting subprime mortgage exposure
- Macroeconomic risk from $4.80B commercial real estate loans including $405.3M construction loans, sensitive to borrower payment ability and financing availability
- Operational risk in planned run-off of $737M residential solar loan portfolio affecting future earnings and asset mix
- Competitive risk from technology-driven consumer lending via affiliates LendingClub and Springstone in run-off, impacting consumer loan growth
- Financial risk of $5.86B estimated uninsured deposits representing 50.8% of total deposits, exposing liquidity to large account withdrawals
Generated from the filing text; verify against the original. How to read a 10-K
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