secwatch.observer — SEC 8-K summary
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Issuer:     NBT BANCORP INC (NBTB)
CIK:        0000790359
Form:       8-K
Filed at:   2023-01-23T23:59:59+00:00
Accession:  0001140361-23-002420
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NBT Bancorp Q4 EPS $0.84, full year $3.52; dividend increases 7.1% to $0.30; Salisbury merger expected Q2 2023
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- Q4 net income $36.1M ($0.84/diluted); FY net income $152.0M ($3.52/diluted), down from $154.9M ($3.54) in 2021.
- Net interest income Q4 $99.8M, up 17.1% YoY; NIM 3.68% (FTE); period-end loans $8.15B, up 10.2% ex-PPP.
- Provision for loan losses Q4 $7.7M vs $3.1M year ago; full year provision $17.1M vs benefit $8.3M in 2021.
- Board declared $0.30/share quarterly dividend, a 7.1% increase; 10th consecutive year of annual dividend increases.
- Merger with Salisbury Bancorp (all-stock); target assets $1.51B, deposits $1.33B; expected close Q2 2023 pending approvals.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/790359/000114036123002420/0001140361-23-002420-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/790359/000114036123002420/brhc10046884_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-002420

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