NBT BANCORP Business Summary

NBT Bancorp Inc. (NBTB) is a financial holding company that generates revenue through a dual-stream model of net interest income and fee-based non-interest income. Approximately 70% of its top-line revenue is derived from its lending operations—spanning commercial, consumer, and mortgage portfolios—while the remaining 30% is sourced from diversified business segments including wealth management, retirement plan administration, and insurance services. Operating primarily through NBT Bank, N.A., the company maintains a robust retail and commercial presence across a seven-state footprint in the Northeastern United States. NBTB competes directly with regional institutions such as First Financial Bancorp (FFBC), Northwest Bancshares (NWBI), and Community Financial System (CBU), positioning itself as a dominant mid-cap regional player that leverages strategic M&A, such as the 2025 acquisition of Evans Bancorp, to scale its community-focused banking model. Tracing its heritage to 1856, NBT is currently led by President and CEO Scott A. Kingsley, a CPA with 40 years of industry experience who previously held executive roles at Community Bank System, Inc. and Carlisle Companies. Supporting him are Executive Vice President and CFO Annette L. Burns, a 30-year veteran of accounting and finance with a pedigree from PricewaterhouseCoopers, and Joseph R. Stagliano, President of NBT Bank, N.A., who has led the bank’s operational and retail divisions for over two decades. Recent 2026 executive appointments include Alfred V. Testa as President of Commercial Banking and Sarah A. Halliday as Chief Commercial Innovation Officer, focusing on AI-driven operational transformation. The company’s governance is overseen by Chairman Martin A. Dietrich and Vice Chairman John H. Watt, Jr., with significant institutional ownership held by major firms such as BlackRock and The Vanguard Group.