Nbt Bancorp Inc Stock Price, News & Analysis

NBT Bancorp (NASDAQ: NBTB) has successfully completed its merger with Evans Bancorp on May 2, 2025, followed by a core systems conversion. The merger expands NBT Bank's presence into Western New York, adding 14 banking offices in Buffalo and 4 locations in Rochester. This strategic expansion brings NBT's total branch network to 175 locations across seven states.

The merger integrates over 200 Evans Bank employees and more than 40,000 customers into NBT. Three key Evans executives have taken leadership positions at NBT Bank: Ken Pawlak as Western Region and Buffalo Regional President, Tim Brown as Rochester Regional President, and Audrey Meyers as Senior Territory Manager for Retail Banking. Former Evans CEO David J. Nasca will join NBT's board of directors following the company's Annual Meeting.

NBT Bancorp (NASDAQ: NBTB) reported Q1 2025 net income of $36.7 million, or $0.77 per diluted share, up from $33.8 million ($0.71/share) in Q1 2024. Operating diluted EPS reached $0.80.

Key financial highlights include:

• Net interest income increased to $107.2 million, with net interest margin at 3.44%
• Total loans reached $9.98 billion, showing 0.4% annualized growth
• Deposits grew to $11.71 billion, up 1.4% from Q4 2024
• Noninterest income rose 12.7% to $47.6 million

The company plans to complete its merger with Evans Bancorp in early May 2025, adding 18 locations and over 200 bankers in Buffalo and Rochester markets. NBT maintains strong capital positions with a CET1 ratio of 12.12% and a leverage ratio of 10.39%.

NBT Bancorp (NASDAQ: NBTB) has scheduled its first quarter 2025 financial results announcement for Thursday, April 24, 2025, after market close. The company will hold a conference call on Friday, April 25, 2025, at 10:00 a.m. Eastern to discuss the results.

The financial holding company, headquartered in Norwich, NY, reported total assets of $13.79 billion as of December 31, 2024. NBT operates primarily through NBT Bank, which maintains 157 banking locations across seven states: New York, Pennsylvania, Vermont, Massachusetts, New Hampshire, Maine, and Connecticut. The company also operates through two financial services subsidiaries: EPIC Retirement Plan Services, a national benefits administration firm based in Rochester, NY, and NBT Insurance Agency, a full-service insurance agency based in Norwich, NY.

Evans Bancorp (NYSE American: EVBN) reported fourth quarter 2024 net income of $3.7 million, or $0.67 per diluted share, including $1.1 million in merger-related expenses. The company's net interest margin improved to 2.96%, up 16 basis points from the previous quarter.

Key highlights include total loan growth of $63 million (4%) year-over-year, with a strong loan pipeline of $76 million. Total deposits increased by $148 million (9%) from December 2023. Shareholders approved the merger with NBT Bancorp Inc., expected to close in Q2 2025, with an exchange ratio of 0.91 NBT shares for each Evans share.

For full-year 2024, Evans reported net income of $12.0 million ($2.16 per diluted share), compared to $24.5 million in 2023. The year-over-year decrease primarily reflects the impact of the 2023 insurance agency sale.

NBT Bancorp (NASDAQ: NBTB) reported strong financial results for Q4 2024, with net income of $36.0 million ($0.76 per diluted share), up from $30.4 million ($0.64 per share) in Q4 2023. Full-year 2024 net income reached $140.6 million ($2.97 per share), compared to $118.8 million ($2.65 per share) in 2023.

Key highlights include three consecutive quarters of net interest income growth, with Q4 net interest margin at 3.34%. Total loans reached $9.97 billion, up 3.3% year-over-year, while deposits grew to $11.55 billion, a 5.3% increase. The Board approved a Q1 2025 cash dividend of $0.34 per share, representing a 6.3% increase.

The company received regulatory approval for its planned merger with Evans Bancorp, expected to close in Q2 2025. Evans shareholders showed strong support with over 96% approval votes.

NBT Bancorp (NASDAQ: NBTB) has announced its fourth quarter 2024 financial results will be released on Monday, January 27, 2025, after market close. The company will host a conference call to discuss these results on Tuesday, January 28, 2025, at 10:00 a.m. Eastern time.

Investors can access the audio webcast and presentation slides through NBT's Event Calendar page on their website. The call recording will be archived and accessible for twelve months at no cost.

NBT Bancorp is a financial holding company based in Norwich, NY, with total assets of $13.84 billion as of September 30, 2024. The company operates primarily through NBT Bank, which has 155 locations across seven northeastern states, along with EPIC Retirement Plan Services and NBT Insurance Agency.

NBT Bancorp Inc. (NBTB) has received regulatory approval for its proposed merger with Evans Bancorp. The Office of the Comptroller of the Currency approved the merger of Evans Bank into NBT Bank, and NBT received a waiver from the Federal Reserve Bank of New York. Evans shareholders strongly supported the merger, with over 75% of shares represented at a special meeting and over 96% of votes cast in favor.

The all-stock transaction, announced on September 9, 2024, will extend NBT's footprint into the Buffalo and Rochester markets in Western New York. The merger is expected to close in the second quarter of 2025, coinciding with system conversion and subject to customary closing conditions.

Evans Bancorp (EVBN) reported third quarter 2024 net income of $2.9 million, or $0.53 per diluted share. The company announced a definitive agreement to merge with NBT Bancorp during the quarter. Key highlights include: net interest margin of 2.80% (up 9 basis points), total loans growth of $67 million (4%) since year-end 2023, and total deposits increase of $182 million (11%). The quarter included $0.6 million in merger-related expenses offset by a gain from property sale. The NBT merger, valued at approximately $236 million, is expected to close in Q2 2025 with an exchange ratio of 0.91 NBT shares for each Evans share.

NBT Bancorp reported Q3 2024 net income of $38.1 million, or $0.80 per diluted share, compared to $24.6 million ($0.54/share) in Q3 2023. The company achieved record noninterest income of $45.3 million, representing 30.8% of total revenues. Total loans reached $9.91 billion, up $256.3 million from December 31, 2023. Deposits increased to $11.59 billion, up $619.3 million. Net interest margin improved to 3.27%, up 9 basis points from the previous quarter. The company declared a quarterly dividend of $0.34 per share, marking its twelfth consecutive year of dividend increases. NBT also announced plans to merge with Evans Bancorp in Q2 2025.