---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-015461"
form_type: "8-K"
ticker: "NBTB"
cik: "0000790359"
company_name: "NBT BANCORP INC"
filed_at: "2025-04-24T23:59:59+00:00"
generated_at: "2026-05-23T07:36:59.750582+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# NBT Bancorp Q1 net income $36.7M ($0.77 EPS), operating EPS $0.80; Evans merger closing May 2

## Summary
- Net income $36.7M ($0.77 diluted EPS) up from $33.8M ($0.71) in Q1 2024; operating EPS $0.80.
- NIM on FTE basis 3.44%, up 10 bps QoQ; earning asset yield 4.95% down 1 bp; cost of deposits 1.49% down 11 bps.
- Period-end loans $9.98B (+$10.4M from Dec); deposits $11.71B (+$161.8M); loan-to-deposit 85.2%.
- Provision for loan losses $7.6M vs $2.2M prior quarter due to economic forecasts and higher charge-offs; net charge-offs 0.27% annualized.
- Merger with Evans Bancorp expected to close May 2, 2025; Evans had $2.19B assets; exchange ratio 0.91 NBT shares per Evans share.

## SEC filing metadata
- accession: 0001140361-25-015461
- form_type: 8-K
- ticker: NBTB
- cik: 0000790359
- company_name: NBT BANCORP INC
- filed_at: 2025-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/790359/000114036125015461/0001140361-25-015461-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/790359/000114036125015461/ef20047848_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-015461
- JSON: https://secwatch.observer/filing/0001140361-25-015461.json
- Plain text: https://secwatch.observer/filing/0001140361-25-015461.txt

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