secwatch.observer — SEC 8-K summary
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Issuer:     NBT BANCORP INC (NBTB)
CIK:        0000790359
Form:       8-K
Filed at:   2024-04-22T23:59:59+00:00
Accession:  0001140361-24-021028
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NBT Bancorp Q1 net income $33.8M, EPS $0.71; operating EPS $0.68
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- Net income $33.8M ($0.71 diluted) vs $33.7M ($0.78) a year ago; operating EPS $0.68 vs $0.88.
- Net interest margin (FTE) 3.14%, down 1bp from Q4 2023; earning asset yield 4.84%.
- Period-end loans $9.69B (+$37.4M), deposits $11.20B (+$226.3M); loan/deposit ratio 86.5%.
- Noninterest income $43.2M (ex-securities gains), up 13.8% from Q4; fee income 31% of revenue.
- Tangible book value per share $22.07; CET1 ratio 11.68%; repurchased 1,900 shares at avg $33.03.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/790359/000114036124021028/0001140361-24-021028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/790359/000114036124021028/ef20027328_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-021028

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