NBT Bank

NBT Bancorp Inc. Announces Date Of First Quarter Conference Call

Retrieved on: 
Monday, April 1, 2024
NBT Bank, NBT

NORWICH, N.Y., April 01, 2024 (GLOBE NEWSWIRE) -- NBT Bancorp Inc. (“NBT” or the “Company”) (NASDAQ: NBTB) will release details of its financial results for the first quarter 2024 on Monday, April 22, 2024, following the market close.

Key Points: 
  • NORWICH, N.Y., April 01, 2024 (GLOBE NEWSWIRE) -- NBT Bancorp Inc. (“NBT” or the “Company”) (NASDAQ: NBTB) will release details of its financial results for the first quarter 2024 on Monday, April 22, 2024, following the market close.
  • The Company will host a conference call at 10:00 a.m. (Eastern) Tuesday, April 23, 2024, to review these results.
  • NBT Bancorp Inc. is a financial holding company headquartered in Norwich, NY, with total assets of $13.31 billion at December 31, 2023.
  • More information about NBT and its divisions is available online at: www.nbtbancorp.com , www.nbtbank.com , www.epicrps.com and www.nbtinsurance.com .

NBT Bancorp Inc. Announces Full Year Net Income and Declares Dividend

Retrieved on: 
Tuesday, January 23, 2024
NBT Bank, NIM, FDIC, Retirement, NBT, Policy, Share repurchase, FTE, Commercial, Sale, Acquisition, Video game

NORWICH, N.Y., Jan. 23, 2024 (GLOBE NEWSWIRE) -- NBT Bancorp Inc. (“NBT” or the “Company”) (NASDAQ: NBTB) reported net income and diluted earnings per share for the three and twelve months ended December 31, 2023.

Key Points: 
  • NORWICH, N.Y., Jan. 23, 2024 (GLOBE NEWSWIRE) -- NBT Bancorp Inc. (“NBT” or the “Company”) (NASDAQ: NBTB) reported net income and diluted earnings per share for the three and twelve months ended December 31, 2023.
  • Consistent with historical trends and as seasonally expected, ending deposits declined from September 30, 2023 to December 31, 2023.
  • Net charge-offs for the portfolios in a planned run-off status represented the majority of total net charge-offs for the quarter and full year.
  • NBT Bancorp Inc. is a financial holding company headquartered in Norwich, NY, with total assets of $13.31 billion at December 31, 2023.

NBT Bancorp Inc. Announces CEO Succession Plan

Retrieved on: 
Monday, January 22, 2024
Clarkson University, NBT Bank, Burns, State university system, PwC, LLP, Accounting, NBT, Certified Public Accountant, St. Bonaventure University, Retail banking, Acquisition, Carlisle Companies, MetLife, Community Bank, N.A., Stagliano, Management

Watt was appointed President and Chief Executive Officer of NBT and NBT Bank, N.A.

Key Points: 
  • Watt was appointed President and Chief Executive Officer of NBT and NBT Bank, N.A.
  • “I am deeply grateful for the opportunity to lead NBT and to work with the team I truly believe is the best in community banking,” said Watt.
  • NBT Bancorp Inc. is a financial holding company headquartered in Norwich, NY, with total assets of $13.83 billion at September 30, 2023.
  • More information about NBT and its divisions is available online at: www.nbtbancorp.com , www.nbtbank.com , www.epicrps.com and www.nbtinsurance.com .

NBT Bancorp Inc. Announces Date of Fourth Quarter Conference Call

Retrieved on: 
Tuesday, January 2, 2024
NBT Bank, NBT

NORWICH, N.Y., Jan. 02, 2024 (GLOBE NEWSWIRE) -- NBT Bancorp Inc. (“NBT” or the “Company”) (NASDAQ: NBTB) will release details of its financial results for the fourth quarter 2023 on Tuesday, January 23, 2024, following the market close.

Key Points: 
  • NORWICH, N.Y., Jan. 02, 2024 (GLOBE NEWSWIRE) -- NBT Bancorp Inc. (“NBT” or the “Company”) (NASDAQ: NBTB) will release details of its financial results for the fourth quarter 2023 on Tuesday, January 23, 2024, following the market close.
  • The Company will host a conference call at 8:30 a.m. (Eastern) Wednesday, January 24, 2024, to review these results.
  • NBT Bancorp Inc. is a financial holding company headquartered in Norwich, NY, with total assets of $13.83 billion at September 30, 2023.
  • More information about NBT and its divisions is available online at: www.nbtbancorp.com , www.nbtbank.com , www.epicrps.com and www.nbtinsurance.com .

NBT Bancorp Inc. Announces Third Quarter Results and Declares Dividend

Retrieved on: 
Tuesday, October 24, 2023
Sale, NBT, FDIC, Retirement, Family, NBT Bank, Share repurchase, Acquisition, FTE, Mergers and acquisitions, Growth, Commercial, NIM, Borrowing base, Stock dilution, Rare-earth element, Pharmaceutical industry, Financial services, Real estate, Video game, Cryptocurrency, Bank, Tourism, NORWICH, Hudson Valley

The acquisition of Salisbury Bancorp, Inc. (“Salisbury”) by the merger of Salisbury with and into NBT (“Merger”) was completed on August 11, 2023.

Key Points: 
  • The acquisition of Salisbury Bancorp, Inc. (“Salisbury”) by the merger of Salisbury with and into NBT (“Merger”) was completed on August 11, 2023.
  • Noninterest income, excluding net securities gains (losses), increased 10.2% from the prior quarter and was approximately 30% of total revenue.
  • Card services income increased $0.4 million from the prior quarter and decreased $0.2 million from the third quarter of 2022.
  • Insurance services were up $0.6 million from the prior quarter and were $0.5 million higher than the third quarter of 2022.

Stratyfy to Headline Three Panels at Boston Fintech Week

Retrieved on: 
Monday, October 9, 2023
Algorithm, Partnership, Inclusion, S&P Global, Bias, Babson College, Financial services, Future, MassChallenge, NBT Bank, Growth, Anti-racism, URJ, Boston, Beneficial, Boston Women's Heritage Trail, Bank, Management, Fintech, Northeastern University

NEW YORK, Oct. 9, 2023 /PRNewswire-PRWeb/ -- Stratyfy, a pioneering women-led fintech that confronts bias in AI and optimizes credit risk decisions with transparent machine learning solutions, today announced its participation in three panels at Boston Fintech Week on October 10-13. Boston Fintech Week features global industry leaders and emerging fintechs engaging in critical dialogues about the cutting edge of finance.

Key Points: 
  • NEW YORK, Oct. 9, 2023 /PRNewswire-PRWeb/ -- Stratyfy, a pioneering women-led fintech that confronts bias in AI and optimizes credit risk decisions with transparent machine learning solutions, today announced its participation in three panels at Boston Fintech Week on October 10-13.
  • Boston Fintech Week features global industry leaders and emerging fintechs engaging in critical dialogues about the cutting edge of finance.
  • In 2022, Boston Fintech Week featured more than 145 speakers, 56 sessions and over 1,000 attendees spanning 28 countries.
  • To learn more about Boston Fintech Week and view the full agenda, visit: bostonfintechweek.org.

NBT Bancorp Inc. Announces Date of Third Quarter Conference Call

Retrieved on: 
Monday, October 2, 2023
NBT Bank, NBT, NORWICH

NORWICH, N.Y., Oct. 02, 2023 (GLOBE NEWSWIRE) -- NBT Bancorp Inc. (“NBT” or the “Company”) (NASDAQ: NBTB) will release details of its financial results for the third quarter 2023 on Tuesday, October 24, 2023, following the market close.

Key Points: 
  • NORWICH, N.Y., Oct. 02, 2023 (GLOBE NEWSWIRE) -- NBT Bancorp Inc. (“NBT” or the “Company”) (NASDAQ: NBTB) will release details of its financial results for the third quarter 2023 on Tuesday, October 24, 2023, following the market close.
  • The Company will host a conference call at 8:30 a.m. (Eastern) Wednesday, October 25, 2023, to review these results.
  • NBT Bancorp Inc. is a financial holding company headquartered in Norwich, NY, with total assets of $11.89 billion at June 30, 2023.
  • More information about NBT and its divisions is available online at: www.nbtbancorp.com , www.nbtbank.com , www.epicrps.com and www.nbtinsurance.com .

NBT Bancorp Inc. Completes Merger With Salisbury Bancorp, Inc. and Announces Increased Cash Dividend

Retrieved on: 
Monday, August 14, 2023
NBT, Hudson Valley, Mergers and acquisitions, NBT Bank, Cryptocurrency, Management, NORWICH

NORWICH, N.Y., Aug. 14, 2023 (GLOBE NEWSWIRE) -- NBT Bancorp Inc. (“NBT” or the “Company”) (NASDAQ: NBTB) announced that it completed the merger of Salisbury Bancorp, Inc. (“Salisbury”) with and into NBT (“Merger”) on August 11, 2023.

Key Points: 
  • NORWICH, N.Y., Aug. 14, 2023 (GLOBE NEWSWIRE) -- NBT Bancorp Inc. (“NBT” or the “Company”) (NASDAQ: NBTB) announced that it completed the merger of Salisbury Bancorp, Inc. (“Salisbury”) with and into NBT (“Merger”) on August 11, 2023.
  • The Merger added 13 banking offices to the NBT franchise in complementary markets, including northwestern Connecticut, the Hudson Valley region of New York and southwestern Massachusetts.
  • Following a core systems conversion that occurred over the weekend, NBT Bank now has 153 banking offices across its seven-state footprint.
  • On August 14, 2023, NBT approved a third-quarter 2023 cash dividend of $0.32 per share, which represents a $0.02 per quarter, or 6.7%, increase over the dividend paid in the second quarter of this year.

NBT Bancorp Inc. Announces Second Quarter Net Income of $30.1 Million ($0.70 Per Diluted Common Share)

Retrieved on: 
Monday, July 31, 2023
NIM, Borrowing base, Federal Reserve Bank, Federal Reserve Bank of St. Louis, Michael J. Hsu, Share repurchase, Comptroller, RPS, Stock dilution, EPIC, AFS, FDIC, Sale, Currency, Durbin, Acquisition, FTE, Durbin amendment, NBT Bank, NBT, Commercial, Dodd–Frank Wall Street Reform and Consumer Protection Act, Health, Retirement, Cryptocurrency, Video game, Pharmaceutical industry, Bank, Financial adviser, Beauty salon, Hudson Valley, NORWICH

In the second quarter of 2023, the Company realized $4.5 million ($0.08 per diluted share) in securities losses.

Key Points: 
  • In the second quarter of 2023, the Company realized $4.5 million ($0.08 per diluted share) in securities losses.
  • The Company incurred acquisition expenses of $1.2 million ($0.02 per diluted share) and $0.6 million ($0.01 per diluted share) related to the pending merger with Salisbury Bancorp, Inc. (“Salisbury”) in the second quarter of 2023 and the first quarter of 2023, respectively.
  • Net interest income for the second quarter of 2023 was $89.1 million, which was down $6.0 million, or 6.3%, from the first quarter of 2023 and up $1.5 million, or 1.7%, from the second quarter of 2022.
  • Total noninterest income, excluding securities losses, was $36.7 million for the three months ended June 30, 2023, up $0.3 million from the first quarter and down $5.6 million from the prior year’s second quarter.

Salisbury Bancorp, Inc. Reports Results For Second Quarter 2023

Retrieved on: 
Wednesday, July 26, 2023
Insurance, Partnership, Interest, Marketing, Salisbury, Common equity, FDIC, Trust Company, Sale, Regulator, Asset, Mergers and acquisitions, PPP, Trust, Close, NBT, NBT Bank, Death, Environment, Cryptocurrency, Life insurance, Bank, Video game

Net income available to common shareholders was $3.4 million, or $0.59 per basic common share, for the second quarter ended June 30, 2023 (second quarter 2023), compared with $3.0 million, or $0.52 per basic common share, for the first quarter ended March 30, 2023 (first quarter 2023), and $3.8 million, or $0.67 per basic common share, for the second quarter ended June 30, 2022 (second quarter 2022).

Key Points: 
  • Net income available to common shareholders was $3.4 million, or $0.59 per basic common share, for the second quarter ended June 30, 2023 (second quarter 2023), compared with $3.0 million, or $0.52 per basic common share, for the first quarter ended March 30, 2023 (first quarter 2023), and $3.8 million, or $0.67 per basic common share, for the second quarter ended June 30, 2022 (second quarter 2022).
  • Non-interest income of $2.9 million for second quarter 2023 increased $241 thousand versus first quarter 2023 and decreased $363 thousand versus second quarter 2022.
  • The effective income tax rates for second quarter 2023, first quarter 2023 and second quarter 2022 were 12.7%, 20.0% and 15.3%, respectively.
  • The ratio of gross loans to deposits for second quarter 2023 was 92.1% compared with 96.7% for first quarter 2023 and 87.3% for second quarter 2022.