NBT Bancorp Inc. (NBTB) Financial Statements (2024 and earlier)

Company Profile

Business Address 52 S BROAD ST
NORWICH, NY 13815
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6021 - National Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments228,1341,302,621703,418244,614204,008171,131
Cash and cash equivalents197,3501,269,071672,681216,843180,955159,664
Short-term investments30,78433,55030,73727,77123,05311,467
Debt securities, held-to-maturity, accrued interest, after allowance for credit loss3,800  
Total current assets:231,9341,302,621703,418244,614204,008171,131
Noncurrent Assets
Operating lease, right-of-use asset23,90023,30026,40034,800
Property, plant and equipment69,04772,09374,20675,63178,97081,305
Intangible assets, net (including goodwill)288,545289,468292,276286,789290,368281,463
Goodwill281,204280,541280,541274,769274,769268,043
Intangible assets, net (excluding goodwill)7,3418,92711,73512,02015,59913,420
Total noncurrent assets:381,492384,861392,882397,220369,338362,768
Other undisclosed assets11,125,87010,324,6299,836,6069,074,0918,983,0178,602,913
TOTAL ASSETS:11,739,29612,012,11110,932,9069,715,9259,556,3639,136,812
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt585,01297,795168,386655,275871,696719,123
Total current liabilities:585,01297,795168,386655,275871,696719,123
Noncurrent Liabilities
Other undisclosed liabilities9,980,73010,663,8639,576,9027,940,2537,666,7587,459,512
Total liabilities:10,565,74210,761,6589,745,2888,595,5288,538,4548,178,635
Equity
Equity, attributable to parent1,173,5541,250,4531,187,6181,120,3971,017,909958,177
Common stock497497497497497497
Treasury stock, value(173,195)(159,879)(140,434)(133,996)(136,083)(138,165)
Additional paid in capital577,853576,976578,082576,708575,466574,209
Accumulated other comprehensive income (loss)(190,034)(23,344)417(19,026)(43,174)(22,077)
Retained earnings958,433856,203749,056696,214621,203543,713
Total equity:1,173,5541,250,4531,187,6181,120,3971,017,909958,177
TOTAL LIABILITIES AND EQUITY:11,739,29612,012,11110,932,9069,715,9259,556,3639,136,812

Income Statement (P&L) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues350,400318,669324,934354,345322,097314,894
Net investment income336,835304,020310,565325,126304,093269,909
Cost of revenue(17,147) (51,100)(25,412)(28,828)(30,988)
Provision for loan, lease, and other losses(17,147) (51,100)(25,412)(28,828)
Financial services costs(30,988)
Gross profit:333,253318,669273,834328,933293,269283,906
Operating expenses(90,996)(66,552)(65,064)(68,740)(67,374)(198,973)
Other operating income, net
(Noninterest Income, Other Operating Income)
10,85816,37321,90518,85315,22811,991
Operating income:253,115268,490230,675279,046241,12396,924
Nonoperating income6,0446,2175,7435,3555,0915,993
Bank owned life insurance income6,0446,2175,7435,3555,0915,175
Interest and debt expense(21,880)(18,788)(32,604)(55,979)(38,626)(25,914)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   (70,727)(72,990)(70,586)51,158
Income from continuing operations before equity method investments, income taxes:237,279255,919133,087155,432137,002128,161
Other undisclosed loss from continuing operations before income taxes(41,123)(56,061)    
Income from continuing operations before income taxes:196,156199,858133,087155,432137,002128,161
Income tax expense(44,161)(44,973)(28,699)(34,411)(24,436)(46,010)
Income from continuing operations:151,995154,885104,388121,021112,56682,151
Income before gain (loss) on sale of properties:154,885104,388121,021112,56682,151
Net income available to common stockholders, diluted:151,995154,885104,388121,021112,56682,151

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:151,995154,885104,388121,021112,56682,151
Other comprehensive income (loss)(13,739)4,8101,6497,345(11,598)1,852
Comprehensive income:138,256159,695106,037128,366100,96884,003
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(152,951)(28,571)17,79416,803(1,279)(2,409)
Comprehensive income (loss), net of tax, attributable to parent:(14,695)131,124123,831145,16999,68981,594

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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