secwatch.observer — SEC 8-K summary
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Issuer:     NBT BANCORP INC (NBTB)
CIK:        0000790359
Form:       8-K
Filed at:   2023-04-24T23:59:59+00:00
Accession:  0001140361-23-019904
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/790359/000114036123019904/0001140361-23-019904-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/790359/000114036123019904/brhc20051774_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-019904

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