---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-019904"
form_type: "8-K"
ticker: "NBTB"
cik: "0000790359"
company_name: "NBT BANCORP INC"
filed_at: "2023-04-24T23:59:59+00:00"
generated_at: "2026-06-16T20:16:34.745471+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-23-019904
- form_type: 8-K
- ticker: NBTB
- cik: 0000790359
- company_name: NBT BANCORP INC
- filed_at: 2023-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/790359/000114036123019904/0001140361-23-019904-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/790359/000114036123019904/brhc20051774_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-019904
- JSON: https://secwatch.observer/filing/0001140361-23-019904.json
- Plain text: https://secwatch.observer/filing/0001140361-23-019904.txt

## Key facts
- Earnings Releases
  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
  source text: Net income for the three months ended March 31, 2023 was $33.7 million, or $0.78 per diluted common share
  evidence_url: https://www.sec.gov/Archives/edgar/data/790359/000114036123019904/0001140361-23-019904-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.