secwatch.observer — SEC 8-K summary
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Issuer:     NBT BANCORP INC (NBTB)
CIK:        0000790359
Form:       8-K
Filed at:   2024-01-23T23:59:59+00:00
Accession:  0001140361-24-003437
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NBT Bancorp Q4 net income $30.4M, EPS $0.64; full-year EPS $2.65, down from $3.52; dividend increased to $0.32
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- Q4 2023 net income $30.4M ($0.64 diluted EPS) vs $36.1M ($0.84) a year ago; operating EPS $0.72 vs $0.86.
- Full-year 2023 net income $118.8M ($2.65 EPS) vs $152.0M ($3.52) in 2022; operating EPS $3.23 vs $3.56.
- Net interest margin (FTE) 3.15%, down 6 bps QoQ; total loans $9.65B, up $1.50B YoY including Salisbury acquisition.
- Board declares Q1 dividend $0.32 per share, a 6.7% increase from prior year; payable March 15, 2024 to record March 1.
- Nonperforming loans to total loans 0.39%, up from 0.25% prior quarter; net charge-offs 0.22% of avg loans.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/790359/000114036124003437/0001140361-24-003437-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/790359/000114036124003437/ef20019435_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-003437

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