---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-037045"
form_type: "8-K"
ticker: "NBTB"
cik: "0000790359"
company_name: "NBT BANCORP INC"
filed_at: "2023-07-31T23:59:59+00:00"
generated_at: "2026-06-12T22:34:06.061265+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NBT Bancorp Q2 net income $30.1M, EPS $0.70; core EPS $0.80; Salisbury merger on track for Aug 11

## Summary
- Net income $30.1M ($0.70 diluted EPS) vs $37.8M ($0.88) YoY and $33.7M ($0.78) QoQ; adjusted EPS $0.80.
- Net interest margin (FTE) 3.27%, down 28 bps QoQ on higher deposit costs and short-term borrowings.
- Loans grew $208M (5.1% annualized) from Dec 2022 to $8.36B; deposits flat at $9.53B.
- Pending Salisbury Bancorp merger expected to close Aug 11, 2023; received all regulatory and shareholder approvals.
- Tangible book value per share $21.55, flat QoQ and up 2.7% YoY; CET1 ratio 12.29%.

## SEC filing metadata
- accession: 0001140361-23-037045
- form_type: 8-K
- ticker: NBTB
- cik: 0000790359
- company_name: NBT BANCORP INC
- filed_at: 2023-07-31T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/790359/000114036123037045/0001140361-23-037045-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/790359/000114036123037045/brhc20056668_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-037045
- JSON: https://secwatch.observer/filing/0001140361-23-037045.json
- Plain text: https://secwatch.observer/filing/0001140361-23-037045.txt

## Key facts
- Earnings Releases
  NBT BANCORP INC reported for the three months ended June 30, 2023 results: net income $30.1 million, EPS $0.70 per diluted common share.
  - Period: for the three months ended June 30, 2023
  - Net income: $30.1 million
  - EPS: $0.70 per diluted common share
  - Result: reported results
  source text: NBT BANCORP INC. ANNOUNCES SECOND QUARTER NET INCOME OF $30.1 MILLION ($0.70 PER DILUTED COMMON SHARE) NORWICH, NY (July 31, 2023) – NBT Bancorp Inc. (“NBT” or the “Company”) (NASDAQ: NBTB) reported net income and diluted earnings per share for the three and six months ended June 30, 2023. Net income for the three months ended June 30, 2023 was $30.1 million, or $0.70 per diluted common share, compared to $37.8 million, or $0.88 per diluted share, for the three months ended June 30, 2022, and $33.7 million, or $0.78 per diluted share, in the first quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/790359/000114036123037045/0001140361-23-037045-index.htm

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