NBT Bancorp Inc. Announces Full Year 2025 Results and Declares Cash Dividend
NORWICH, N.Y., Jan. 26, 2026 (GLOBE NEWSWIRE) -- NBT Bancorp Inc. ("NBT" or the "Company") (NASDAQ:NBTB) reported net income and diluted earnings per share for the three and twelve months ended December 31, 2025.
Net income for the fourth quarter of 2025 was $55.5 million, or $1.06 per diluted common share, compared to $36.0 million, or $0.76 per diluted common share, for the fourth quarter of 2024, and $54.5 million, or $1.03 per diluted common share, for the third quarter of 2025. Operating diluted earnings per share(1), a non-GAAP measure, was $1.05 for the fourth quarter of 2025, compared to $0.77 for the fourth quarter of 2024 and $1.05 for the third quarter of 2025.
Net income for the year ended December 31, 2025 was $169.2 million, or $3.33 per diluted common share, compared to $140.6 million, or $2.97 per diluted common share, in the prior year.
The Company completed the acquisition of Evans Bancorp, Inc. ("Evans") on May 2, 2025, adding 200 employees and 18 banking locations in Western New York, $1.67 billion in loans and $1.86 billion in deposits. In connection with the transaction, the Company issued 5.1 million shares of common stock, with a value of $221.8 million as of the closing date. The comparison to the fourth quarter of 2024 is significantly impacted by the Evans acquisition.
CEO Comments
"For the fourth quarter of 2025, we delivered another strong period of performance, generating operating earnings per share of $1.05 and reported return on average assets of 1.37%. We posted a solid return on average tangible common equity of 17.05% and achieved meaningful positive operating leverage," said NBT President and CEO Scott Kingsley. "By virtually all measures, 2025 was a successful year with strong execution by team members across the company resulting in record net revenues. We achieved a seamless integration with our Evans merger in May, adding a significant presence in the Western Region of New York along with 200 talented professionals. We also raised our dividend to shareholders by 8.8%, marking our thirteenth consecutive year of dividend increases. We are grateful for the collaborative and diligent work of our team members that consistently strengthens our company and enhances the value we deliver to our customers, communities and shareholders."Fourth Quarter 2025 Financial Highlights
Net Income
Net income was $55.5 million and diluted earnings per share was $1.06
Operating net income was $55.4 million and operating diluted earnings per share was $1.05(1)
Net Interest Income / NIM
Net interest income on a fully taxable equivalent ("FTE") basis was $136.0 million, an increase of $0.8 million from the prior quarter(1)
Net interest margin ("NIM") on an FTE basis was 3.65%(1), a decrease of 1 basis point ("bp") from the prior quarter
Earning asset yields of 5.08% were down 10 bps from the prior quarter
Total cost of funds of 1.51% was down 9 bps from the prior quarter
Included in FTE net interest income was $7.4 million of acquisition-related net accretion
Noninterest Income
Noninterest income was $49.6 million, or 27% of total revenues, excluding net securities gains (losses)
Loans and Credit Quality
Period end loans increased $1.63 billion, or 16.3% from December 31, 2024
Net charge-offs to average loans was 0.16% annualized
Nonperforming loans to total loans was 0.45%
Allowance for loan losses to total loans was 1.19%
Provision for loan losses was $3.8 million
Deposits
Deposits increased $1.95 billion, or 16.9%, from December 31, 2024
Total cost of deposits was 1.44% for the fourth quarter of 2025, down 8 bps from the third quarter of 2025
Capital
Stockholders' equity was $1.90 billion as of December 31, 2025
Tangible book value per share(2) was $26.54 at December 31, 2025 an increase of 266 bps from December 31, 2024
Tangible equity to assets of 8.95%(1)
CET1 ratio of 12.07%; Leverage ratio of 9.48%
Loans
Period end total loans were $11.60 billion at December 31, 2025, compared to $9.97 billion at December 31, 2024.
Period end total loans increased $1.63 billion from December 31, 2024. Excluding the other consumer and residential solar portfolios, which are in a planned run-off status, and the loans acquired from Evans, period end loans increased $68.1 million, or 0.7%, from December 31, 2024.
Deposits
Total deposits at December 31, 2025 were $13.50 billion, compared to $11.55 billion at December 31, 2024 and $13.66 billion at September 30, 2025. Excluding the deposits acquired from Evans, deposits increased $88.4 million from December 31, 2024. Excluding deposits acquired from Evans, interest-bearing checking and money market accounts increased, partially offset by a decrease in time and savings deposits.
The loan to deposit ratio was 85.9% at December 31, 2025, compared to 86.3% at December 31, 2024 and 84.9% at September 30, 2025.
Net Interest Income and Net Interest Margin
Net interest income for the fourth quarter of 2025 was $135.4 million, an increase of $0.8 million, or 0.6%, from the third quarter of 2025 and an increase of $29.3 million, or 27.6%, from the fourth quarter of 2024. The increase in net interest income from the third quarter of 2025 was driven by the increase in the average balance of earning assets and a decrease in funding costs more than offsetting the decline in earning asset yields. Three Federal Reserve interest rate cuts from September to December affected both earning asset yields and funding costs during the quarter. The increase in net interest income from the fourth quarter of 2024 resulted primarily from the improvement in net interest margin, the Evans acquisition and organic growth in interest-earning assets.
The NIM on an FTE basis for the fourth quarter of 2025 was 3.65%, a decrease of 1 bp from the third quarter of 2025, as a decrease in earning asset yields were almost offset by a decrease in the cost of funds. In addition, the increase in the average balance of lower-yielding short-term interest-bearing accounts reduced NIM by 1 bp for the quarter. The NIM on an FTE basis increased 31 bps from the fourth quarter of 2024 due to higher yields on earning assets, including acquisition-related net accretion and a decrease in the cost of funds.
Earning asset yields for the three months ended December 31, 2025 decreased 10 bps from the prior quarter to 5.08%. Loan yields for the three months ended December 31, 2025 decreased 10 bps from the prior quarter to 5.70% due to the Federal Reserve interest rate cuts partially offset by loans originating at higher rates than portfolio yields. Earning asset yields increased 12 bps from the same quarter in the prior year due to new loan yields that were priced higher than portfolio yields and higher levels of acquisition-related net accretion. Average earning assets increased $124.9 million, or 0.9%, from the third quarter of 2025 and grew $2.07 billion, or 16.2%, from the fourth quarter of 2024 due primarily to the addition of $1.95 billion in interest-earning assets acquired from Evans and organic earning asset growth.
Total cost of deposits, including noninterest bearing deposits, was 1.44% for the fourth quarter of 2025, a decrease of 8 bps from the prior quarter primarily due to the decrease in the cost of time and money market deposits. Total cost of deposits decreased 16 bps from the same period in the prior year.
Total cost of funds for the three months ended December 31, 2025 was 1.51%, a decrease of 9 bps from the prior quarter and a decrease of 20 bps from the fourth quarter of 2024.
Asset Quality and Allowance for Loan Losses
Net charge-offs to total average loans for the fourth quarter of 2025 was 16 bps compared to 15 bps in the prior quarter primarily due to an increase in both commercial and consumer net charge-offs.
Nonperforming assets to total assets was 0.33% at December 31, 2025, unchanged from September 30, 2025 and down from 0.38% at December 31, 2024.
Provision expense for the three months ended December 31, 2025 was $3.8 million, compared to $3.1 million for the third quarter of 2025. The increase in the provision for loan losses during the quarter was primarily due to a higher level of net charge-offs in the fourth quarter of 2025.
The allowance for loan losses was $138.0 million, or 1.19% of total loans, at December 31, 2025, compared to $139.0 million, or 1.20% of total loans, at September 30, 2025 and compared to $116.0 million, or 1.16% of total loans, at December 31, 2024. The decrease in the allowance for loan losses in the fourth quarter of 2025 is primarily driven by a modest improvement in the economic forecast. The increase in the allowance for loan losses from the fourth quarter of 2024 was primarily due to the $20.7 million of allowance for acquired Evans loans.
The reserve for unfunded loan commitments was $5.8 million at December 31, 2025, compared to $5.9 million at September 30, 2025 and compared to $4.4 million at December 31, 2024. The provision for unfunded loan commitments in the second quarter of 2025 included $0.5 million of acquisition-related provision for unfunded loan commitments.
Noninterest Income
Total noninterest income, excluding securities gains (losses), was $49.6 million for the three months ended December 31, 2025, down $1.8 million, or 3.6%, from the seasonally high third quarter of 2025, and up $7.4 million, or 17.4%, from the fourth quarter of 2024.
Service charges on deposit accounts were comparable to the prior quarter and higher than the fourth quarter of 2024 due primarily to the Evans acquisition and new account growth.
Retirement plan administration fees were down $1.8 million from the prior quarter and increased $1.2 million, or 9.1%, from the fourth quarter of 2024. The decrease from the prior quarter was expected due to higher seasonal activity-based fees in the third quarter. The increase from the fourth quarter of 2024 was driven by higher market values of assets under administration and the acquisition of a small third-party administrator in the fourth quarter of 2024.
Wealth management fees increased $0.9 million, or 8.3%, from the prior quarter and increased $1.2 million, or 10.9%, from the fourth quarter of 2024. The increase from the prior quarter and the fourth quarter of 2024 reflects market performance, growth in new customer accounts and seasonal activity-based fees.
Insurance revenues decreased $1.3 million from the prior quarter, which typically has comparatively higher levels of policy renewals than in the fourth quarter.
Bank owned life insurance income increased compared to the fourth quarter of 2024 primarily due to $1.0 million in additional gains recognized.
Other noninterest income increased $0.2 million from the prior quarter and $2.4 million from the fourth quarter of 2024. The increase from the prior quarter was driven by a $1.0 million gain on an equity investment. The third quarter included a $0.6 million gain related to the finalization of a third-party contractual arrangement. The increase from the fourth quarter of 2024 was driven by a $1.0 million gain on an equity investment and an increase in loan related fee income.
Noninterest Expense
Total noninterest expense was $111.7 million for the fourth quarter of 2025, compared to $111.1 million for the third quarter of 2025 and $100.8 million for the fourth quarter of 2024. Excluding acquisition expenses of $1.1 million in the third quarter of 2025 and $1.0 million in the fourth quarter of 2024, noninterest expense increased 1.5% compared to the previous quarter and was 11.9% higher than the fourth quarter of 2024. The increase was primarily due to the Evans acquisition and continued investments in our infrastructure.
Salaries and benefits decreased 1.0% from the prior quarter with changes in incentive compensation and medical expenses. The increase from the fourth quarter of 2024 was driven by the impact of the Evans acquisition as NBT added 200 Evans employees in May, annual merit pay increases and higher medical expenses.
Technology and data services increased $0.6 million from the prior quarter and $1.6 million from the fourth quarter of 2024 primarily due to the Evans acquisition, timing of planned activities and ongoing investment in enterprise technology initiatives.
Occupancy costs were consistent with the prior quarter with a slight increase for seasonal maintenance. The $1.5 million increase from the fourth quarter of 2024 was driven by additional expenses from the Evans acquisition and higher facilities costs related to new branch banking locations.
Professional fees and outside services were consistent with the prior quarter and increased $1.0 million from the fourth quarter of 2024 primarily due to the Evans acquisition and the timing of various initiatives.
Amortization of intangible assets was consistent with the prior quarter and increased $1.3 million from the fourth quarter of 2024 primarily due to the amortization of intangible assets related to the Evans acquisition.
Other expenses increased $1.4 million from the prior quarter and $2.3 million from the fourth quarter of 2024. The increase from the prior quarter was driven by higher levels of marketing, travel, training and charitable contributions. The increase from the fourth quarter of 2024 reflects the Evans acquisition including increased FDIC insurance expense, travel, training and charitable contributions.
Income Taxes
The effective tax rate for the fourth quarter of 2025 was 20.3%, which was down from 24.2% in the prior quarter and 20.9% for the fourth quarter of 2024. The decrease in the effective tax rate from the prior quarter was primarily due to the finalization of the assessment of the deductibility of merger-related expenses and the associated impact on the full year effective tax rate.
The effective tax rate for the full year 2025 and 2024 were 22.9% and 21.6%, respectively. The increase in the effective tax rate from the prior year was primarily due to the higher level of pre-tax income and the impact of certain nondeductible acquisition expenses related to the Evans acquisition.
Capital
Tangible common equity to tangible assets(1) was 8.95% at December 31, 2025. Tangible book value per share(2) was $26.54 at December 31, 2025, increased 103 bps from $25.51 at September 30, 2025 and increased 266 bps from $23.88 at December 31, 2024.
Stockholders' equity increased $370.1 million from December 31, 2024 driven by the Evans acquisition adding $221.8 million of capital, net income generation of $169.2 million and a $51.8 million decrease in accumulated other comprehensive loss reflecting the change in the fair value of securities available for sale, partially offset by dividends declared of $72.6 million and the repurchase of common stock of $10.2 million.
As of December 31, 2025, CET1 capital ratio of 12.07%, leverage ratio of 9.48% and total risk-based capital ratio of 14.24%.
Dividend
The Board of Directors approved a first-quarter cash dividend of $0.37 per share at a meeting held earlier today. The dividend represents a $0.03 per share, or 8.8%, increase over the dividend paid in the first quarter of 2025. This is the Company's thirteenth consecutive year of annual dividend increases. The dividend will be paid on March 16, 2026 to stockholders of record as of March 2, 2026.
Stock Repurchase
On October 27, 2025, the Board of Directors authorized and approved an amendment to the Company's previously announced stock repurchase program. Pursuant to the amended stock repurchase program, the Company may repurchase up to 2,000,000 shares of the Company's common stock with all repurchases under the stock repurchase program to be made by December 31, 2027.
The Company purchased 250,000 shares of its common stock during the fourth quarter of 2025, for a total of $10.2 million at an average price of $40.74 per share under its previously announced stock repurchase program. The Company may repurchase shares of its common stock from time to time to mitigate the potential dilutive effects of stock-based incentive plans and other potential uses of common stock for corporate purposes. As of December 31, 2025, there were 1,750,000 shares available for repurchase under this plan.
Conference Call and Webcast
The Company will host a conference call at 10:00 a.m. (Eastern) Tuesday, January 27, 2026, to review the fourth quarter 2025 financial results. The audio webcast link, along with the corresponding presentation slides, will be available on the Company's Event Calendar page at www.nbtbancorp.com/bn/presentations-events.html#events and will be archived for twelve months.
Corporate Overview
NBT Bancorp Inc. is a financial holding company headquartered in Norwich, NY, with total assets of $16.00 billion at December 31, 2025. The Company primarily operates through NBT Bank, N.A., a full-service community bank, and through two financial services companies. NBT Bank, N.A. has 176 banking locations in New York, Pennsylvania, Vermont, Massachusetts, New Hampshire, Maine and Connecticut. EPIC Retirement Plan Services, based in Rochester, NY, is a national benefits administration firm. NBT Insurance Agency, LLC, based in Norwich, NY, is a full-service regional insurance agency. More information about NBT and its divisions is available online at: www.nbtbancorp.com, www.nbtbank.com, www.epicrps.com and www.nbtbank.com/Insurance.
Forward-Looking Statements
This press release contains forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of phrases such as "anticipate," "believe," "expect," "forecasts," "projects," "will," "can," "would," "should," "could," "may," or other similar terms. There are a number of factors, many of which are beyond the Company's control, that could cause actual results to differ materially from those contemplated by the forward-looking statements. Factors that may cause actual results to differ materially from those contemplated by such forward-looking statements include, among others, the following possibilities: (1) local, regional, national and international economic conditions, including actual or potential stress in the banking industry, and the impact they may have on the Company and its customers, and the Company's assessment of that impact; (2) changes in the level of nonperforming assets and charge-offs; (3) changes in estimates of future reserve requirements based upon the periodic review thereof under relevant regulatory and accounting requirements; (4) the effects of and changes in trade and monetary and fiscal policies and laws, including the interest rate policies of the Federal Reserve Board ("FRB") and international trade disputes (including threatened or implemented tariffs imposed by the U.S. and threatened or implemented tariffs imposed by foreign countries in retaliation); (5) inflation, interest rate, securities market and monetary fluctuations; (6) political instability; (7) acts of war, including international military conflicts, or terrorism; (8) the timely development and acceptance of new products and services and the perceived overall value of these products and services by users; (9) changes in consumer spending, borrowing and saving habits; (10) changes in the financial performance and/or condition of the Company's borrowers; (11) technological changes; (12) acquisition and integration of acquired businesses; (13) the ability to increase market share and control expenses; (14) changes in the competitive environment among financial holding companies; (15) the effect of changes in laws and regulations (including laws and regulations concerning taxes, banking, securities and insurance) with which the Company and its subsidiaries must comply, including those under the Dodd-Frank Act, and the Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018; (16) the effect of changes in accounting policies and practices, as may be adopted by the regulatory agencies, as well as the Public Company Accounting Oversight Board, the Financial Accounting Standards Board and other accounting standard setters; (17) changes in the Company's organization, compensation and benefit plans; (18) the costs and effects of legal and regulatory developments, including the resolution of legal proceedings or regulatory or other governmental inquiries, and the results of regulatory examinations or reviews; (19) greater than expected costs or difficulties related to the integration of new products and lines of business; and (20) the Company's success at managing the risks involved in the foregoing items.
The Company cautions readers not to place undue reliance on any forward-looking statements, which speak only as of the date made, and advises readers that various factors, including, but not limited to, those described above and other factors discussed in the Company's annual and quarterly reports previously filed with the SEC, could affect the Company's financial performance and could cause the Company's actual results or circumstances for future periods to differ materially from those anticipated or projected.
Unless required by law, the Company does not undertake, and specifically disclaims any obligations to, publicly release any revisions that may be made to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.Non-GAAP Measures
This press release contains financial information determined by methods other than in accordance with U.S. generally accepted accounting principles ("GAAP"). Where non-GAAP disclosures are used in this press release, the comparable GAAP measure, as well as a reconciliation to the comparable GAAP measure, is provided in the accompanying tables. Management believes that these non-GAAP measures provide useful information that is important to an understanding of the results of the Company's core business as well as provide information standard in the financial institution industry. Non-GAAP measures should not be considered a substitute for financial measures determined in accordance with GAAP and investors should consider the Company's performance and financial condition as reported under GAAP and all other relevant information when assessing the performance or financial condition of the Company. Amounts previously reported in the consolidated financial statements are reclassified whenever necessary to conform to current period presentation.
NBT Bancorp Inc. and Subsidiaries
Selected Financial Data
(unaudited, dollars in thousands except per share data)
2025
2024
4th Q
3rd Q
2nd Q
1st Q
4th Q
Profitability (reported)
Diluted earnings per share
$
1.06
$
1.03
$
0.44
$
0.77
$
0.76
Weighted average diluted common shares outstanding
52,524,388
52,642,688
50,787,474
47,477,391
47,505,760
Return on average assets(3)
1.37
%
1.35
%
0.59
%
1.08
%
1.04
%
Return on average equity(3)
11.81
%
11.86
%
5.27
%
9.68
%
9.44
%
Return on average tangible common equity(1)(3)
17.05
%
17.35
%
8.01
%
13.63
%
13.36
%
Net interest margin(1)(3)
3.65
%
3.66
%
3.59
%
3.44
%
3.34
%
12 Months Ended December 31,
2025
2024
Profitability (reported)
Diluted earnings per share
$
3.33
$
2.97
Weighted average diluted common shares outstanding
50,875,220
47,433,174
Return on average assets
1.11
%
1.04
%
Return on average equity
9.75
%
9.57
%
Return on average tangible common equity(1)
14.14
%
13.75
%
Net interest margin(1)
3.59
%
3.23
%
2025
2024
4th Q
3rd Q
2nd Q
1st Q
4th Q
Profitability (operating)
Diluted earnings per share(1)
$
1.05
$
1.05
$
0.88
$
0.80
$
0.77
Return on average assets(1)(3)
1.37
%
1.37
%
1.19
%
1.11
%
1.06
%
Return on average equity(1)(3)
11.79
%
12.05
%
10.52
%
9.95
%
9.60
%
Return on average tangible common equity(1)(3)
17.02
%
17.61
%
15.25
%
13.99
%
13.57
%
12 Months Ended December 31,
2025
2024
Profitability (operating)
Diluted earnings per share(1)
$
3.82
$
2.94
Return on average assets(1)
1.27
%
1.03
%
Return on average equity(1)
11.21
%
9.51
%
Return on average tangible common equity(1)
16.15
%
13.66
%
2025
2024
4th Q
3rd Q
2nd Q
1st Q
4th Q
Balance sheet data
Short-term interest-bearing accounts
$
301,958
$
394,485
$
276,786
$
37,385
$
78,973
Securities available for sale
1,862,838
1,813,194
1,729,428
1,704,677
1,574,664
Securities held to maturity
762,756
771,474
809,664
836,833
842,921
Net loans
11,460,114
11,456,134
11,484,480
9,863,267
9,853,910
Total assets
15,995,121
16,112,584
16,014,781
13,864,251
13,786,666
Total deposits
13,499,193
13,660,918
13,515,232
11,708,511
11,546,761
Total borrowings
327,422
319,358
411,376
312,977
414,983
Total liabilities
14,098,905
14,259,438
14,209,615
12,298,476
12,260,525
Stockholders' equity
1,896,216
1,853,146
1,805,166
1,565,775
1,526,141
Capital
Equity to assets
11.85
%
11.50
%
11.27
%
11.29
%
11.07
%
Tangible equity ratio(1)
8.95
%
8.58
%
8.30
%
8.68
%
8.42
%
Book value per share
$
36.32
$
35.33
$
34.46
$
33.13
$
32.34
Tangible book value per share(2)
$
26.54
$
25.51
$
24.57
$
24.74
$
23.88
Leverage ratio
9.48
%
9.34
%
9.55
%
10.39
%
10.24
%
Common equity tier 1 capital ratio
12.07
%
11.80
%
11.37
%
12.12
%
11.93
%
Tier 1 capital ratio
12.07
%
11.80
%
11.37
%
13.02
%
12.83
%
Total risk-based capital ratio
14.24
%
13.97
%
14.48
%
15.24
%
15.03
%
Common stock price (end of period)
$
41.52
$
41.76
$
41.55
$
42.90
$
47.76
NBT Bancorp Inc. and Subsidiaries
Asset Quality and Consolidated Loan Balances
(unaudited, dollars in thousands)
2025
2024
4th Q
3rd Q
2nd Q
1st Q
4th Q
Asset quality
Nonaccrual loans
$
44,592
$
46,450
$
43,181
$
44,829
$
45,819
90 days past due and still accruing
7,131
6,966
3,211
2,862
5,798
Total nonperforming loans
51,723
53,416
46,392
47,691
51,617
Other real estate owned
402
267
345
308
182
Total nonperforming assets
52,125
53,683
46,737
47,999
51,799
Allowance for loan losses
138,000
139,000
140,200
117,000
116,000
Asset quality ratios
Allowance for loan losses to total loans
1.19
%
1.20
%
1.21
%
1.17
%
1.16
%
Total nonperforming loans to total loans
0.45
%
0.46
%
0.40
%
0.48
%
0.52
%
Total nonperforming assets to total assets
0.33
%
0.33
%
0.29
%
0.35
%
0.38
%
Allowance for loan losses to total nonperforming loans
266.81
%
260.22
%
302.21
%
245.33
%
224.73
%
Past due loans to total loans(4)
0.38
%
0.38
%
0.38
%
0.32
%
0.34
%
Net charge-offs to average loans(3)
0.16
%
0.15
%
0.09
%
0.27
%
0.23
%
2025
2024
4th Q
3rd Q
2nd Q
1st Q
4th Q
Loan net charge-offs by line of business
Commercial
$
1,232
$
1,047
$
97
$
2,109
$
2,542
Residential mortgage and home equity
(15
)
18
(27
)
(25
)
(25
)
Indirect auto
877
679
749
1,155
675
Residential solar and other consumer
2,671
2,556
1,542
3,315
2,517
Total loan net charge-offs
$
4,765
$
4,300
$
2,361
$
6,554
$
5,709
2025
2024
4th Q
3rd Q
2nd Q
1st Q
4th Q
Allowance for loan losses as a percentage of loans by segment
Commercial & industrial
0.76
%
0.81
%
0.79
%
0.76
%
0.73
%
Commercial real estate
1.06
%
1.13
%
1.14
%
1.02
%
0.95
%
Residential mortgage
1.06
%
1.05
%
1.05
%
1.00
%
1.00
%
Auto
0.68
%
0.70
%
0.70
%
0.72
%
0.81
%
Residential solar and other consumer
4.09
%
3.62
%
3.64
%
3.61
%
3.64
%
Total
1.19
%
1.20
%
1.21
%
1.17
%
1.16
%
2025
2024
4th Q
3rd Q
2nd Q
1st Q
4th Q
Loans by line of business
Commercial & industrial
$
1,671,974
$
1,644,218
$
1,692,335
$
1,436,990
$
1,426,482
Commercial real estate
4,798,957
