NBT Bancorp Projects 3% to 5% Loan Growth for 2027 Driven by New York Semiconductor Expansion
NBT Bancorp (NBTB) reported strong third-quarter earnings, outperforming both the previous year's third quarter and the current year's second quarter. CEO Scott Kingsley highlighted improved profitability, noting an operating return on assets of 1.41% for the period. Looking ahead to 2027, the bank anticipates loan growth in the range of 3% to 5%. This projected expansion is expected to be fueled by advancing semiconductor manufacturing projects located in upstate New York, which are anticipated to drive regional economic activity and credit demand.