NBT Bancorp Inc - NBTB STOCK NEWS

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.

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.