Welcome to our dedicated page for Nbt Bancorp news (Ticker: NBTB), a resource for investors and traders seeking the latest updates and insights on Nbt Bancorp stock.
NBT Bancorp Inc. reports news around community banking results and fee-based financial services. The financial holding company operates primarily through NBT Bank, N.A., a full-service community bank serving markets in New York, Pennsylvania, Vermont, Massachusetts, New Hampshire, Maine and Connecticut, and through EPIC Retirement Plan Services and NBT Insurance Agency.
Recurring updates cover net income, net interest income and margin, loan and deposit balances, asset quality, service charges, retirement plan administration fees, cash dividends and conference-call materials. Company releases also discuss the completed Evans Bancorp acquisition and the related expansion of NBT's Western New York banking presence.
NBT Bancorp Inc. will release its financial results for Q1 2023 on April 24, 2023, after market close. A conference call is scheduled for April 25, 2023, at 8:30 a.m. Eastern Time to discuss the results. The audio webcast and presentation slides will be accessible on the company’s Event Calendar page. NBT Bancorp, based in Norwich, NY, has total assets of $11.74 billion as of December 31, 2022, and operates 140 banking locations across several states, alongside financial services and insurance operations.
NBT Bancorp reported a net income of $152.0 million or $3.52 per diluted share for the year ending December 31, 2022, showing a slight decline from $154.9 million or $3.54 per share the previous year. Total revenues increased by 8.1% to $525.1 million, while operating expenses rose by 6.0%. The net interest income improved due to higher yields from rising Federal Funds rates, although there was a decrease in income from the Paycheck Protection Program. A dividend of $0.30 per share was approved, reflecting a 7.1% increase. The merger with Salisbury Bancorp is expected to close in Q2 2023.
NBT Bancorp Inc. (NASDAQ: NBTB) will announce its fourth-quarter 2022 financial results on January 23, 2023, after market close. A conference call is scheduled for January 24, 2023, at 8:30 a.m. Eastern Time to discuss these results. The call will be accessible via an audio webcast, and the presentation slides will be available on the company's Event Calendar page. NBT Bancorp, headquartered in Norwich, NY, boasts total assets of $11.64 billion as of September 30, 2022, and operates through a network of 140 banking locations in multiple states.
NBT Bancorp Inc. (NBT) and Salisbury Bancorp, Inc. (Salisbury) have announced a definitive merger agreement valued at approximately $204 million. Under this agreement, Salisbury shareholders will receive 0.7450 shares of NBT stock per share of Salisbury, equating to $35.00 per share. The merger, expected to close in Q2 2023, aims to enhance market presence and operational scale, particularly in the Hudson Valley Region. Post-merger, NBT anticipates a 9.8% accretion to first full-year proforma GAAP earnings per share.
NBT Bancorp Inc. reported a net income of $39.0 million for Q3 2022, equating to $0.90 per diluted share. This is an increase from $37.4 million in Q3 2021. The company's net interest income rose to $94.8 million, driven by higher yields amid increasing Federal Funds rates. A $0.30 per share dividend was announced for Q4, marking a 7.1% increase year-over-year. However, a provision for loan losses of $4.5 million indicates rising credit risks.
NBT Bancorp Inc. will announce its financial results for Q3 2022 on October 25, 2022, after market close. A conference call is scheduled for October 26, 2022, at 8:30 a.m. Eastern Time to discuss these results.
The company, headquartered in Norwich, NY, reported total assets of $11.72 billion as of June 30, 2022. NBT operates a community bank with 140 locations across several states and offers various financial services.
NBT Bancorp reported a net income of $37.8 million or $0.88 per diluted share for Q2 2022, down from $40.3 million or $0.92 per share a year prior. Net interest income increased to $87.9 million, boosted by loan growth and higher interest rates, although $1.3 million PPP income was recorded compared to $4.7 million last year. The company raised its quarterly dividend to $0.30, marking a 7.1% increase. Total loans reached $7.78 billion, reflecting significant growth. However, there was an increase in the provision for loan losses to $4.4 million.
NBT Bancorp Inc. is set to announce its second quarter 2022 financial results on July 25, 2022, after market close. A conference call will take place on July 26, 2022, at 8:30 a.m. Eastern Time to discuss the results. NBT Bancorp, which has total assets of $12.1 billion as of March 31, 2022, operates through NBT Bank and offers various financial services. The call will be accessible via audio webcast and archived for twelve months. Further details and links can be found on the Company’s Event Calendar page.
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.
NBT Bank has been recognized on the Forbes World’s Best Banks list, announced on April 13, 2022, as the highest-ranked bank in New York, Connecticut, and Vermont. This accolade places NBT among only 75 banks in the U.S. out of thousands worldwide. The ranking reflects customer satisfaction based on a survey of over 45,000 customers, focusing on factors such as recommendation rate, trust, digital services, and customer support. With assets of $12.1 billion as of March 31, 2022, NBT operates across seven states and is listed on the Nasdaq under the symbol NBTB.