NBT Bancorp Inc.

Good day, everyone. Welcome to the conference call covering NBT Bank Corp's second quarter 2025 financial results. This call is being recorded and has been made accessible to the public in accordance with SEC Regulation FD. Corresponding presentation slides can be found on the company's website at nbtbankcorp.com. Before the call begins, NBT's management would like to remind listeners that, as noted on slide two, today's presentation may contain forward-looking statements as defined by the Securities and Exchange Commission. Actual results may differ from those projected. In addition, certain non-GAAP measures will be discussed. Reconciliations for these numbers can be contained within the appendix of today's presentation. At this time, all participants are in listen-only mode. Later, we will conduct a question and answer session. Instructions will follow at that time. As a reminder, this call is being recorded. I would now like to turn the call over to NBT Bancorp President and CEO Scott Kingsley for his opening remarks. Mr. Kingsley, please begin.

Good morning. Thank you for joining us for this earnings call covering NBT Bancorp's second quarter 2025 results. I would like to extend a special welcome today to our newest investors who joined us in May with the Evans Bancorp merger. With me today are Annette Burns, MBT's Chief Financial Officer, Joe Stagliano, President of MBT Bank, and Joe Andesco, our Treasurer. Our operating performance for the second quarter reflected the positive attributes of productive asset repricing trends, the diversification of our revenue streams, prudent balance sheet growth, and the additive impact of our recently completed merger with Evans Bancorp. Operating return on assets was 1.19% for the second quarter, with a return on equity of 10.5% and ROTCE of 15.25%. Each metric demonstrates continued improvement over the linked and prior year quarters, and importantly, reflects the generation of positive operating leverage. Our tangible book value per share of $24.57 at June 30th is 9% higher than a year ago, and our tangible equity ratio is already back above the level it was when we announced the Evans merger 10 months ago. This continued capital strength has us very well positioned to support all of our strategic growth initiatives. The continued remix of earning assets and diligent management of funding costs combined with the addition of the Evans balance sheet resulted in an improvement in net interest margin for the fifth consecutive quarter. Growth in non-interest income continues to be a highlight, with each of our non-banking businesses achieving productive improvements in both revenue and earnings generation year over year. We were also pleased to announce an 8.8 percent improvement to our dividend to shareholders, marking our 13th consecutive year of increases. This reflects our strong capital position and our generation of consistent and improving operating earnings. We continue to see activity across upstate New York's semiconductor chip corridor, including progress on site-specific milestones related to Micron's planned complex outside of Syracuse, as well as the enhanced partnership announced between Micron and the federal government that notably included additions to Micron's previous capital commitments. Team members at NVT are engaged in supporting our customers and communities in participating in the growing ecosystem around semiconductors and advanced electronics manufacturing in several of our markets. Before turning the meeting over to Annette to review our second quarter results with you in detail, Joe Stagliano will provide some additional commentary around the completion of the Evans merger. Joe? Thank you, Scott.

We closed our merger with Evans Bank Corp on Friday, May 2nd, and successfully converted all Evans customer accounts to the NBT core operating systems over the weekend. The following Monday, we opened 18 Evans Bank branches as NBT bank locations, including 14 in and around Buffalo and four in greater Rochester. We believe the approach of closing and simultaneously completing the systems conversion enhances both the employee and customer experience. It reduces execution risk and it expedites the integration process. Through this transaction, we added approximately $1.7 billion of loans, $1.9 billion of deposits, and issued 5.1 million additional shares as consideration, valued at $222 million as of the closing date. So far, we have realized the vast majority of our targeted 25% in cost synergies, with the remainder expected by the end of 2025. We achieved a smooth transition made possible by our dedicated integration team with over 100 members from both organizations. They worked tirelessly with the shared vision of delivering a positive experience to over 40,000 Evans Bank customers. As a result of the conversion, we added more than 100,000 accounts and over 25,000 digital banking and debit card users. We also welcome 200 Evans employees to the NBT team and three seasoned executives from Evans assumed leadership positions with NBT Bank, Ken Pollock as President of the Western Region of New York and Buffalo Regional President, Tim Brown as Rochester Regional President, and Audrey Myers as Senior Territory Manager for Retail Banking in the Buffalo and Rochester markets. I personally want to thank everyone who joined NBT for their professionalism, their enthusiasm, and their partnerships. The response from our customers and communities has been overwhelmingly positive. They have embraced our enhanced suite of products and technology offerings, and they've shared their appreciation for the care and attention we've shown throughout this process. In the days and weeks following the merger, members of our leadership team have visited branches and met with customers and employees. The reception has been warm and the conversations encouraging. We are continuing to work together toward a common goal, to serve our customers better, support our communities more deeply, provide enhanced shareholder value, and grow stronger together. Now I will turn it over to Annette to review our second quarter results with you in detail. Annette?