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., headquartered in Norwich, NY, is a prominent financial services holding company operating through its key subsidiary, NBT Bank, N.A. This full-service community bank maintains over 155 locations across six states: New York, Pennsylvania, Vermont, Massachusetts, New Hampshire, and Maine, providing a broad spectrum of retail and commercial banking products along with trust and investment services.
Aside from traditional banking, NBT Bancorp also oversees EPIC Advisors, Inc., a comprehensive 401(k) plan recordkeeping firm based in Rochester, NY, and NBT-Mang Insurance Agency, a full-service insurance agency headquartered in Norwich, NY. The company's principal revenue sources include management fees and dividends from its subsidiaries.
With a diversified loan portfolio, NBT Bank offers consumer, home equity, mortgage, business banking, and commercial loans, with nearly half of its loan portfolio dedicated to commercial loans. This strategic focus on commercial lending underscores the bank's commitment to serving individuals, corporations, and municipalities effectively.
Recent financial highlights include robust performance in net interest income and margin, noninterest income, and forward-looking statements that project continued growth and stability. The bank's consistent quarterly financial results reflect its resilient business model and proactive financial management.
- Second Quarter Financial Highlights: Notable gains in net interest income and net interest margin.
- Third Quarter Financial Highlights: Continued strong financial performance and strategic growth initiatives.
- First Quarter 2024 Financial Highlights: Steady earnings and operational efficiency.
Emphasizing community banking values and a comprehensive service portfolio, NBT Bancorp Inc. remains a vital player in the financial services sector, committed to delivering value to its shareholders and customers alike.
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.
NBT Bancorp Inc. (NASDAQ: NBTB) has successfully executed its CEO Succession Plan, with Scott A. Kingsley taking over as President and CEO from John H. Watt, Jr., who will remain on the Board as Vice Chairman.
Additionally, Joseph R. Stagliano has been promoted to President of NBT Bank, N.A.; Annette L. Burns to Executive Vice President and CFO; and Shauna M. Hyle to Executive Vice President, Retail Community Banking.
Kingsley, who joined NBT in 2021, has over 35 years of experience in various financial and operational roles. Stagliano, Burns, and Hyle bring decades of expertise in banking and financial services.
NBT Bancorp Inc., headquartered in Norwich, NY, operates NBT Bank, N.A., with 154 banking locations across several states, and also runs EPIC Advisors, Inc. and NBT Insurance Agency, As of March 31, 2024, NBT's total assets were $13.44 billion.
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