NBT Bancorp Inc. (OQ:NBTB)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 52 S BROAD ST NORWICH NY 13815 |
| Tel: | N/A |
| Website: | www.nbtbancorp.com |
| IR: | See website |
| Key People | ||
| John H. Watt President, Chief Executive Officer, Director | Scott Allen Kingsley Chief Financial Officer, Executive Vice President | Annette L. Burns Chief Financial Officer |
| Joseph R. Stagliano Executive Vice President, President of Retail Community Banking, Chief Information Officer | M. Randolph Sparks Executive Vice President, General Counsel, Corporate Secretary and Chief Ethics Officer | |
| Business Overview |
| 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. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, NBT Bancorp Inc. interest income increased 36% to $522.8M. Net interest income after loan loss provision increased 2% to $352.9M. Net income decreased 22% to $118.8M. Net interest income after loan loss provision reflects Interest and fees on loans increase of 39% to $462.7M, Other Interest Income increase from $4.1M to $9.6M. Net income was offset by Deposits increase from $9.9M to $104.6M (expense). |
| Employees: | 2,034 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $2,033M as of Dec 31, 2023 |
| Annual revenue (TTM): | $522.79M as of Dec 31, 2023 |
| EBITDA (TTM): | $218.80M as of Dec 31, 2023 |
| Net annual income (TTM): | $118.78M as of Dec 31, 2023 |
| Free cash flow (TTM): | $92.32M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $463.58M as of Dec 31, 2023 |
| Shares outstanding: | 47,155,015 as of Mar 22, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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