NBT Bancorp Q1 net income $33.7M ($0.78 EPS); adjusted EPS $0.88; securities loss $5.0M

NBT BANCORP INC

2023-Q1 EPS reported $0.78

Net income of $33.7M, down 13.8% from $39.1M in Q1 2022; diluted EPS $0.78 vs $0.90.
Adjusted EPS (excl. securities losses & acquisition costs) $0.88, down from $0.91 YoY.
Recorded $5.0M securities loss on write-off of subordinated debt of a failed bank.
Loans grew $114.4M to $8.26B; deposits up 2% to $9.68B; NIM 3.55% on FTE basis.
Pending merger with Salisbury Bancorp expected close late Q2 after shareholder approval.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NBT BANCORP INC reported first quarter 2023 results: net income $33.7 million, EPS $0.78 per diluted common share.

Period: first quarter 2023
Net income: $33.7 million
EPS: $0.78 per diluted common share
Result: reported results

Exact text from the filing

Net income for the three months ended March 31, 2023 was $33.7 million, or $0.78 per diluted common share

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Source: SEC EDGAR

accession 0001140361-23-019904

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