NBT Bancorp Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
January 23, 2024 at 04:15 pm EST
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NBT Bancorp Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported net interest income was USD 99.17 million compared to USD 99.78 million a year ago. Net income was USD 30.45 million compared to USD 36.12 million a year ago. Basic earnings per share from continuing operations was USD 0.65 compared to USD 0.84 a year ago. Diluted earnings per share from continuing operations was USD 0.64 compared to USD 0.84 a year ago.
For the full year, the company reported net interest income was USD 378.22 million compared to USD 362.19 million a year ago. Net income was USD 118.78 million compared to USD 152 million a year ago. Basic earnings per share from continuing operations was USD 2.67 compared to USD 3.54 a year ago. Diluted earnings per share from continuing operations was USD 2.65 compared to USD 3.52 a year ago.
NBT Bancorp Inc. is a financial holding company. The Company primarily operates through NBT Bank, N.A. (the Bank), a full-service community bank, and through two financial services companies. The Bank provides a range of financial products to individuals, corporations and municipalities throughout upstate New York, northeastern Pennsylvania, southern New Hampshire, western Massachusetts, Vermont, southern Maine and central and northwestern Connecticut. Through its network of branch locations, the Bank offers a range of products and services tailored to individuals, businesses and municipalities. Deposit products offered by the Bank include demand deposit accounts, savings accounts, negotiable order of withdrawal (NOW) accounts, and certificate of deposit (CD) accounts. It operates EPIC Advisors, Inc., which is a national benefits administration firm. It operates NBT Insurance Agency, LLC, which is a full-service insurance agency. The Bank has approximately 153 branch locations.
NBT BANCORP INC. 
