NBTB completed its acquisition of Evans Bank during fiscal 2026, adding $2.2 billion in assets and driving meaningful growth across key financial metrics.
The successful integration of Evans Bank expanded NBTB's asset base to $16.0 billion and strengthened its market position in New York. The acquisition appears to be performing well, with the combined entity generating solid growth in net interest income and maintaining healthy capital ratios, suggesting effective integration execution.
The Evans Bank acquisition drove comprehensive balance sheet expansion, with total assets growing 16% to $16.0 billion and deposits increasing 17% to $13.5 billion. Profitability metrics improved meaningfully, as net interest income rose 16% to $711 million and net income increased 20% to $169 million, while operating cash flow grew 25% to $235 million. The company maintained a strong capital position with stockholders' equity expanding 24% to $1.9 billion, while debt declined 17%, indicating disciplined capital management during the integration process.
Operating cash flow grew 24.7% — strong conversion of earnings to cash, healthy business fundamentals.
Equity base grew 24.2% — retained earnings accumulation or equity issuance strengthening the balance sheet.
Net income grew 20.3% — bottom-line growth signals improving overall business health.
Debt reduced 17% — deleveraging strengthens balance sheet and reduces financial risk.
Deposits grew 16.9% — expanding customer base or increased trust in the institution.
Net interest income grew 16.2% — benefiting from rate environment or loan book expansion.
Asset base grew 16% — expansion through organic growth, acquisitions, or capital deployment.
Liabilities increased 15% — monitor debt-to-equity ratio and interest coverage.
Revenue growing 10.4% — solid top-line momentum, watch margins for quality of growth.
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