NBT Bancorp Inc.

NORWICH, N.Y., Sept. 21, 2026 (GLOBE NEWSWIRE) -- NBT Bancorp Inc. ("NBT" or the "Company") (NASDAQ: NBTB) announced today that Kimberly A. Boynton will join the Boards of Directors of NBT Bancorp Inc. and NBT Bank, N.A. on October 1, 2026. Boynton is the former President and Chief Executive Officer of Crouse Health and is currently a licensed real estate salesperson with Cushman & Wakefield | Pyramid Brokerage Company, where she specializes in office and industrial real estate throughout the Syracuse market.

Bank of America Corp DE grew its stake in NBT Bancorp Inc. (NASDAQ: NBTB) by 32.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 161,740 shares of the bank's stock after purchasing an additional 39,665 shares during the quarter.

NBT Bancorp is rated Hold due to recent share price appreciation removing upside potential and a lack of compelling valuation or catalysts. NBTB trades at a 1.91x price-to-tangible-book-value ratio, above sector and historical acquisition premiums, with a forward P/E of 12.57 and sub-10% earnings growth expected. Loan portfolio risk is elevated by 12% exposure to auto loans amid near-record delinquencies and 41% allocation to commercial real estate.

Halliday reduced her equity stake by 26% after the stock gained 26% over the past year, retaining 25,691 shares worth $1.4 million.