NBT Bancorp Inc. Announces Cash Dividend

Rhea-AI Summary

On May 21, 2024, NBT Bancorp announced a second-quarter cash dividend of $0.32 per share, approved by its Board of Directors.

The dividend is scheduled to be paid on June 17, 2024, to shareholders recorded by June 3, 2024.

As of March 31, 2024, NBT Bancorp holds assets worth $13.44 billion.

The company operates primarily through NBT Bank, which has 154 locations across seven states, and two financial services companies: EPIC Retirement Plan Services and NBT Insurance Agency.

Positive

• Approval of a $0.32 per share cash dividend for the second quarter.
• Dividend payment date set for June 17, 2024.
• NBT Bancorp holds total assets of $13.44 billion as of March 31, 2024.
• Expanded operational footprint with 154 banking locations.

Negative

• No significant new revenue growth mentioned in the press release.

News Market Reaction

-0.81%

1 alert

-0.81% News Effect

On the day this news was published, NBTB declined 0.81%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

NORWICH, N.Y., May 21, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of NBT Bancorp Inc. (“NBT” or the “Company”) (NASDAQ: NBTB) approved a second-quarter cash dividend of $0.32 per share at a meeting held today. The dividend will be paid on June 17, 2024 to shareholders of record as of June 3, 2024.

Corporate Overview

NBT Bancorp Inc. is a financial holding company headquartered in Norwich, NY, with total assets of $13.44 billion at March 31, 2024. 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 154 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:

Scott A. Kingsley, President and CEO Annette L. Burns, 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 for the second quarter of 2024?

NBT Bancorp announced a second-quarter cash dividend of $0.32 per share.

When will NBTB's second-quarter dividend be paid?

The second-quarter dividend will be paid on June 17, 2024.

What is the record date for NBTB's second-quarter dividend?

The record date for the second-quarter dividend is June 3, 2024.

How many banking locations does NBT Bancorp operate?

NBT Bancorp operates 154 banking locations across seven states.

What are NBT Bancorp's total assets as of the first quarter of 2024?

As of March 31, 2024, NBT Bancorp holds total assets of $13.44 billion.