secwatch.observer — SEC 8-K summary
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Issuer:     NBT BANCORP INC (NBTB)
CIK:        0000790359
Form:       8-K
Filed at:   2025-04-24T23:59:59+00:00
Accession:  0001140361-25-015461
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/790359/000114036125015461/0001140361-25-015461-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/790359/000114036125015461/ef20047848_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-015461

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