---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-049330"
form_type: "8-K"
ticker: "NBTB"
cik: "0000790359"
company_name: "NBT BANCORP INC"
filed_at: "2023-10-24T23:59:59+00:00"
generated_at: "2026-06-09T15:24:56.200853+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-23-049330
- form_type: 8-K
- ticker: NBTB
- cik: 0000790359
- company_name: NBT BANCORP INC
- filed_at: 2023-10-24T23:59:59+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/790359/000114036123049330/0001140361-23-049330-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/790359/000114036123049330/ef20013038_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-049330
- JSON: https://secwatch.observer/filing/0001140361-23-049330.json
- Plain text: https://secwatch.observer/filing/0001140361-23-049330.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/790359/000114036123049330/0001140361-23-049330-index.htm
- Earnings Releases
  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
  source text: reported net income and diluted earnings per share for the three and nine months ended September 30, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/790359/000114036123049330/0001140361-23-049330-index.htm
- Earnings Releases
  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
  source text: and $30.1 million, or $0.70 per diluted share, in the second quarter of 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/790359/000114036123049330/0001140361-23-049330-index.htm
- Earnings Releases
  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
  source text: compared to $39.0 million, or $0.90 per diluted share, for the three months ended September 30, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/790359/000114036123049330/0001140361-23-049330-index.htm

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