secwatch.observer — SEC 8-K summary
======================================

Issuer:     NBT BANCORP INC (NBTB)
CIK:        0000790359
Form:       8-K
Filed at:   2023-07-31T23:59:59+00:00
Accession:  0001140361-23-037045
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/790359/000114036123037045/0001140361-23-037045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/790359/000114036123037045/brhc20056668_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-037045

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer