NBT Bancorp Inc. Announces Cash Dividend

Rhea-AI Summary

NBT Bancorp Inc. has announced a second-quarter cash dividend of $0.28 per share, which will be distributed on June 15, 2022, to shareholders who are on record as of June 1, 2022. As of March 31, 2022, the company reported total assets of $12.1 billion. NBT operates primarily through its community bank with 140 locations across several states, and also includes EPIC Retirement Plan Services and NBT Insurance Agency, LLC.

Positive

• Announcement of a cash dividend of $0.28 per share demonstrates commitment to returning value to shareholders.
• Total assets of $12.1 billion indicate a strong financial position.

Negative

• None.

News Market Reaction – NBTB

-0.75%

-0.75% Session move

In the trading session that priced this news, NBTB declined 0.75%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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NORWICH, N.Y., May 17, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of NBT Bancorp Inc. (“NBT” or the “Company”) (NASDAQ: NBTB) approved a second-quarter cash dividend of $0.28 per share at a meeting held today. The dividend will be paid on June 15, 2022 to shareholders of record as of June 1, 2022.

Corporate Overview

NBT Bancorp Inc. is a financial holding company headquartered in Norwich, NY, with total assets of $12.1 billion at March 31, 2022. 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 140 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 insurance agency. More information about NBT and its divisions is available online at: www.nbtbancorp.com, www.nbtbank.com, www.epicrps.com and www.nbtinsurance.com.

Contact:

John H. Watt, Jr., President and CEO Scott A. Kingsley, Executive Vice President and CFO NBT Bancorp Inc. 52 South Broad Street Norwich, NY 13815 607-337-6589

FAQ

What is the dividend amount announced by NBT Bancorp Inc.?

NBT Bancorp Inc. announced a cash dividend of $0.28 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on June 15, 2022.

What is the record date for the dividend payment?

The record date for the dividend payment is June 1, 2022.

What is the total asset size of NBT Bancorp as of March 31, 2022?

NBT Bancorp reported total assets of $12.1 billion as of March 31, 2022.

How many banking locations does NBT Bancorp operate?

NBT Bancorp operates 140 banking locations across several states.