How many shares remain available under the repurchase authorization?

As of June 30, 2026, NBT had 1,431,405 shares available for repurchase under its program. The filing does not disclose the original total authorization or the original dollar authorization amount.

Is share repurchase NBT's primary capital return method?

No. Dividends are NBT's primary capital return vehicle, with the company increasing its quarterly dividend by 8.1% in Q2 2026 to $0.40 per share for the third quarter. Repurchases play a secondary role, with $3.0 million in Q2 compared to $38.5 million in dividends declared in the first half of 2026.

What was the average repurchase price relative to quarter-end stock price?

NBT repurchased shares at an average price of $43.96 during Q2 2026. The stock closed the quarter at $49.37, representing a 12.3% increase from the average repurchase price.

How does the buyback execution mechanism work?

The filing does not specify the execution mechanism (e.g., Rule 10b-18 open-market purchases, ASR, or other method). The filing only states repurchases occurred under the previously announced program during the second quarter.

What is the scale of this buyback relative to NBT's earnings and capital?

The $3.0 million Q2 repurchase represented approximately 5.7% of the quarter's net income of $53.0 million, and about 0.15% of stockholders' equity of $1.94 billion as of June 30, 2026, indicating a modest share-count reduction relative to the company's capital base.

NBTB 8-K Filed 2026-07-27 Execution disclosure

NBT Bancorp repurchased 68,595 shares in Q2 2026 for $3M

Bank returned capital under existing program; 1.4M shares remain authorized for future repurchases

Shares repurchased69K

Avg price paid$43.96

MechanismNot specified

What the filing says

NBT Bancorp Inc. (NASDAQ: NBTB) repurchased 68,595 shares of common stock during the second quarter of 2026 for a total of $3.0 million at an average price of $43.96 per share, executing under a previously announced stock repurchase program.

As of June 30, 2026, the Company had 1,431,405 shares remaining available for repurchase under the plan. Management stated that repurchases are intended to mitigate the potential dilutive effects of stock-based incentive plans and other potential uses of common stock for corporate purposes.

The buyback activity reflects NBT's capital management strategy in the context of strong second-quarter results, which included net income of $53.0 million and diluted earnings per share of $1.02. The Company also increased its quarterly cash dividend to $0.40 per share in the third quarter, an 8.1% increase, marking the company's fourteenth consecutive year of annual dividend increases.

NBT Bancorp's Q2 buyback of $3.0 million represents modest capital return in a period of solid earnings growth and loan expansion. The company's primary capital management tool remains dividends, which increased 8.1% year-over-year, while share repurchases serve a secondary role focused on offsetting dilution from equity-based compensation. With 1.4 million shares remaining authorized, NBT retains flexibility for future repurchases, though the filing does not disclose the original authorization amount or dollar authorization. The repurchase occurred at $43.96 per share, compared to the stock price of $49.37 at quarter-end.

The Company purchased 68,595 shares of its common stock during the second quarter of 2026 for a total of $3.0 million at an average price of $43.96 per share under its previously announced stock repurchase program. — NBT BANCORP INC 8-K filing · View on SEC EDGAR →

What this means

Frequently asked questions

What is the purpose of NBT's share repurchase program?: According to the filing, NBT uses repurchases to mitigate the potential dilutive effects of stock-based incentive plans and other potential uses of common stock for corporate purposes. It is part of the company's broader capital management strategy alongside its dividend program.
How many shares remain available under the repurchase authorization?: As of June 30, 2026, NBT had 1,431,405 shares available for repurchase under its program. The filing does not disclose the original total authorization or the original dollar authorization amount.
Is share repurchase NBT's primary capital return method?: No. Dividends are NBT's primary capital return vehicle, with the company increasing its quarterly dividend by 8.1% in Q2 2026 to $0.40 per share for the third quarter. Repurchases play a secondary role, with $3.0 million in Q2 compared to $38.5 million in dividends declared in the first half of 2026.
What was the average repurchase price relative to quarter-end stock price?: NBT repurchased shares at an average price of $43.96 during Q2 2026. The stock closed the quarter at $49.37, representing a 12.3% increase from the average repurchase price.
How does the buyback execution mechanism work?: The filing does not specify the execution mechanism (e.g., Rule 10b-18 open-market purchases, ASR, or other method). The filing only states repurchases occurred under the previously announced program during the second quarter.
What is the scale of this buyback relative to NBT's earnings and capital?: The $3.0 million Q2 repurchase represented approximately 5.7% of the quarter's net income of $53.0 million, and about 0.15% of stockholders' equity of $1.94 billion as of June 30, 2026, indicating a modest share-count reduction relative to the company's capital base.

execution Q2-2026 capital-management dividend-focused community-bank

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.