NBT Bancorp Q3 net income $24.6M ($0.54 EPS), down 37% YoY; operating EPS $0.84

NBT BANCORP INC

2023-Q3 EPS reported $2.01

Net income $24.6M ($0.54 diluted EPS) vs $39.0M ($0.90) in Q3 2022; operating diluted EPS $0.84.
NIM (FTE) 3.21%, down 6 bps QoQ; earning asset yield 4.63% (+21 bps QoQ), cost of deposits 1.18% (+33 bps).
Completed Salisbury acquisition on Aug 11; added $1.18B loans and $1.31B deposits.
Quarterly dividend increased to $0.32/share, up 6.7% from prior year (11th consecutive annual increase).
Total loans $9.67B, up $1.52B from Dec 2022; total deposits $11.40B, up $1.91B.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

NBT BANCORP INC reported the three months ended September 30, 2023 results: net income $24.6 million, EPS $0.54 per diluted common share.

Period: the three months ended September 30, 2023
Net income: $24.6 million
EPS: $0.54 per diluted common share
Result: reported results

Exact text from the filing

NBT Bancorp Inc. (“NBT” or the “Company”) (NASDAQ: NBTB) reported net income and diluted earnings per share for the three and nine months ended September 30, 2023. Net income for the three months ended September 30, 2023 was $24.6 million, or $0.54 per diluted common share

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NBT BANCORP INC reported financial results for the nine months ended September 30, 2023.

Period: the nine months ended September 30, 2023
Result: reported results

Exact text from the filing

reported net income and diluted earnings per share for the three and nine months ended September 30, 2023

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

NBT BANCORP INC reported the second quarter of 2023 results: net income $30.1 million, EPS $0.70 per diluted share.

Period: the second quarter of 2023
Net income: $30.1 million
EPS: $0.70 per diluted share
Result: reported results

Exact text from the filing

and $30.1 million, or $0.70 per diluted share, in the second quarter of 2023

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

NBT BANCORP INC reported the three months ended September 30, 2022 results: net income $39.0 million, EPS $0.90 per diluted share.

Period: the three months ended September 30, 2022
Net income: $39.0 million
EPS: $0.90 per diluted share
Result: reported results

Exact text from the filing

compared to $39.0 million, or $0.90 per diluted share, for the three months ended September 30, 2022

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39 earnings releases filed in the last 30 days. Browse all earnings releases →

NBT BANCORP INC filing history →

Source: SEC EDGAR

accession 0001140361-23-049330

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