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 January 12, 2022, NBT Bank announced the launch of the NBT iSelect Account, designed to enhance financial accessibility. This account has been certified by the Cities for Financial Empowerment Fund under the Bank On National Account Standards. It features no monthly fees, no overdraft charges, and no minimum balance requirements, making it ideal for the unbanked and underbanked. NBT Bank aims to support customers' financial health with transparent and affordable services. The bank holds assets of $12 billion and operates across seven states.
NBT Bancorp Inc. (NASDAQ: NBTB) will announce its fourth quarter 2021 financial results on January 26, 2022, after market close. A conference call is scheduled for January 27 at 8:30 a.m. (Eastern). The company has amended its stock repurchase program, allowing for the buyback of up to 2 million shares by December 31, 2023, depending on market conditions. NBT Bancorp manages assets worth $12 billion as of September 30, 2021, operating primarily through NBT Bank, N.A., which has 140 locations across several states.
NBT Bancorp reported a net income of $37.4 million, or $0.86 per diluted share for Q3 2021, marking a $2.3 million increase from Q3 2020 due to adjustments in expected credit losses related to COVID-19. However, net income decreased $2.9 million from Q2 2021, attributed to lower benefits from loan loss provisions and higher expenses. The company declared a $0.28 dividend for Q4 2021, a 3.7% increase from 2020. Total loans stood at $7.6 billion, with a nonperforming loan ratio of 0.51%.
NBT Bancorp Inc. (NASDAQ: NBTB) is set to release its third quarter 2021 financial results on October 26, 2021, post market close. Following this, a conference call will be held on October 27, 2021, at 8:30 a.m. Eastern to discuss the results. The audio of the call, including presentation slides, will be available on the Company's website and will be archived for twelve months. As of June 30, 2021, NBT reported total assets of $11.6 billion and operates over 140 banking locations across several states.
NBT Bancorp Inc. (NBT) has appointed Ruth H. Mahoney as the new Executive Vice President and President of Wealth Management, effective immediately. Mahoney brings over 30 years of financial services experience, notably from KeyBank as Capital Region Market President. Her leadership is expected to enhance NBT's wealth management division, which offers a comprehensive suite of investment services. NBT Bancorp, headquartered in Norwich, NY, operates with total assets of $11.6 billion as of June 30, 2021, through its community bank and affiliated financial services companies.
On July 26, 2021, NBT Bancorp reported net income of $40.3 million or $0.92 per diluted share for Q2 2021, a significant year-over-year increase driven by reduced credit loss provisions. The company announced a 3.7% dividend increase to $0.28 per share, payable on September 15, 2021, reflecting strong capital generation. Total loans reached $7.5 billion, with a 1% increase from the previous year. However, net interest margin fell to 3.00%, down 17 bps from Q1 2021. The conference call to discuss results is scheduled for July 27, 2021.
NBT Bancorp Inc. (NBT) has appointed Scott A. Kingsley as Executive Vice President and Chief Financial Officer, effective immediately. Kingsley brings 35 years of financial services experience, including 16 years at Community Bank System, where he held leadership roles such as Chief Operating Officer and Chief Financial Officer. His background includes significant experience in community banking, making him well-suited to contribute to NBT's growth strategies. NBT Bancorp operates with total assets of $11.5 billion as of March 31, 2021, primarily through NBT Bank, N.A.
NBT Bancorp Inc. will release its financial results for Q2 2021 on July 26, 2021, after market close. A conference call to discuss these results is scheduled for July 27, 2021, at 8:30 a.m. Eastern Time. Investors can access the conference call via an audio webcast, which will also be archived on the company's website for twelve months. NBT Bancorp, headquartered in Norwich, NY, has total assets of $11.5 billion as of March 31, 2021, operating through NBT Bank and additional financial service firms.
NBT Bancorp Inc. (NASDAQ: NBTB) has appointed J. David Brown to its Board of Directors. Brown, current President and CEO of the Capital District YMCA, brings 28 years of experience in community programming. Previously, he served on the NBT Bank Capital Region Advisory Board and has been recognized with multiple awards, including Director of the Year from the Association of YMCA Professionals. The Board Chair expressed optimism about Brown's ability to enhance responsiveness to customers. NBT Bancorp reported assets of $11.5 billion as of March 31, 2021.
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.
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