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 (NBTB) delivers community banking, retirement services, and insurance solutions across six northeastern states. This news hub provides investors and stakeholders with timely updates on financial performance, strategic initiatives, and regulatory developments.
Access official earnings releases, leadership announcements, and service expansion updates in one centralized location. Our curated collection features critical developments in commercial lending, 401(k) recordkeeping, and multi-state banking operations, helping you track the company's evolving market position.
Key updates include quarterly financial results, merger/acquisition activity, product launches, and regulatory filings. Bookmark this page for direct access to primary source materials from NBT Bank, Epic Advisors, and NBT-Mang Insurance Agency.
NBT Bancorp reported a net income of $39.8 million, or $0.91 per share, for Q1 2021, marking an increase of $5.7 million from Q4 2020. This growth is attributed to lower provisions for loan losses and the adoption of the CECL accounting methodology amidst the pandemic. Total loans reached $7.6 billion, with a net interest income of $79.4 million and a net interest margin of 3.17%. The company announced a dividend of $0.27 per share, payable June 15, 2021. Additionally, total assets rose to $11.5 billion.
NBT Bancorp Inc. will announce its first quarter financial results for 2021 on April 26, 2021, post-market close, followed by a conference call on April 27, 2021, at 8:30 a.m. Eastern Time. The audio webcast will be accessible on the Company’s website, with an archive available for one year. NBT Bancorp, headquartered in Norwich, NY, reported total assets of $10.9 billion as of December 31, 2020. The Company operates NBT Bank and other financial services across six states and is expanding into Connecticut.
NBT Bancorp reported a net income of $104.4 million for the year ended December 31, 2020, down 13.7% from $121.0 million in 2019, attributed to increased provisions for loan losses due to the COVID-19 pandemic. Diluted earnings per share decreased 13.5% to $2.37. However, pre-provision net revenue rose 6% to $193.4 million. For Q4, net income was $34.2 million, with diluted EPS at $0.78. Total loans rose to $7.5 billion, with an allowance for loan losses at 1.47%. Additionally, the Board approved an increase in the stock repurchase program to 2 million shares.
NBT Bancorp Inc. (NASDAQ: NBTB) will announce its fourth quarter 2020 financial results on January 27, 2021, post-market. A conference call for analysis will take place on January 28, 2021, at 8:30 a.m. (Eastern). The call will be accessible via an audio webcast on the company's Investor Relations page, with an archived version available for one year. As of September 30, 2020, NBT Bancorp had total assets of $10.8 billion and operates through NBT Bank, N.A. and two financial service companies across multiple states, including an entry into Connecticut.
NBT Bancorp Inc. reported a net income of $35.1 million or $0.80 per diluted share for Q3 2020, showing a $10.4 million increase from the prior quarter, driven by lower loan loss provisions. Pre-provision net revenue stood at $49.6 million, a slight decline from $50.7 million in Q2 2020. Total loans remained stable at $7.6 billion, while the allowance for loan losses was 1.51%. The Board declared a $0.27 per share dividend, payable on December 15, 2020. NBT's capital ratios are strong, with tangible book value growing to $20.02.
NBT Bancorp Inc. (NASDAQ: NBTB) will announce its third quarter 2020 financial results on October 26, 2020, after market close. A conference call reviewing these results is scheduled for October 27, 2020, at 8:30 a.m. Eastern Time. The audio link will be available on the Investor Relations page of NBT's website, and the call will be archived for one year. NBT Bancorp, based in Norwich, NY, has total assets of $10.8 billion as of June 30, 2020, operating through NBT Bank and its financial services subsidiaries.
NBT Bancorp reported a net income of $24.7 million or $0.56 per diluted share for Q2 2020, an increase from Q1, driven by lower loan loss provisions and expenses. However, it declined by $5.8 million year-over-year due to higher provisions related to COVID-19. Pre-provision net revenue rose to $50.7 million. The bank facilitated $547 million in Paycheck Protection Program loans, supporting over 61,000 jobs. Total loans were $7.6 billion, while capital ratios remained strong with a CET1 ratio of 11.34%. The company declared a quarterly dividend of $0.27 per share.
NBT Bancorp Inc. will announce its second-quarter 2020 financial results on July 27, 2020, after market close. Following this, a conference call will occur on July 28, 2020, at 8:30 a.m. Eastern Time to discuss the results. The audio from the call will be accessible via the Investor Relations section of the company's website.
As of March 31, 2020, NBT Bancorp reported total assets of $9.95 billion and operates primarily through NBT Bank, which has 146 banking locations across multiple states.
NBT Bancorp Inc. (NASDAQ: NBTB) announced a public offering of $100 million in 5.000% Fixed-to-Floating Rate Subordinated Notes due 2030. The notes will accrue interest at 5.000% until July 2025, transitioning to a floating rate thereafter. The offering is expected to close on June 23, 2020. The net proceeds, estimated at $98 million, will support various corporate purposes including working capital and regulatory capital for the bank. Keefe, Bruyette & Woods and Piper Sandler are the joint book-running managers for this offering.
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