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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments235,781262,602228,134351,486553,5901,126,734
Cash and cash equivalents201,888229,795197,350321,058523,6161,094,180
Short-term investments33,89332,80730,78430,42829,97432,554
Debt securities, held-to-maturity, accrued interest, after allowance for credit loss3,8003,8003,800   
Total current assets:239,581266,402231,934351,486553,5901,126,734
Noncurrent Assets
Operating lease, right-of-use asset   23,900   
Property, plant and equipment66,79967,86869,04769,33869,42671,030
Intangible assets, net (including goodwill)287,701288,159288,545289,083289,259288,832
Goodwill281,204281,204281,204281,204281,112280,541
Intangible assets, net (excluding goodwill)6,4976,9557,3417,8798,1478,291
Total noncurrent assets:354,500356,027381,492358,421358,685359,862
Other undisclosed assets11,296,41611,217,30111,125,87010,930,83510,808,18410,661,237
TOTAL ASSETS:11,890,49711,839,73011,739,29611,640,74211,720,45912,147,833
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt652,413475,226585,01274,55462,54565,022
Total current liabilities:652,413475,226585,01274,55462,54565,022
Noncurrent Liabilities
Other undisclosed liabilities10,027,59110,152,8459,980,73010,409,64210,469,35810,880,561
Total liabilities:10,680,00410,628,07110,565,74210,484,19610,531,90310,945,583
Equity
Equity, attributable to parent1,210,4931,211,6591,173,5541,156,5461,188,5561,202,250
Common stock497497497497497497
Treasury stock, value(175,146)(172,594)(173,195)(173,481)(173,534)(167,492)
Additional paid in capital578,322577,952577,853577,899577,345577,374
Accumulated other comprehensive loss(190,100)(173,918)(190,034)(183,539)(124,781)(91,375)
Retained earnings996,920979,722958,433935,170909,029883,246
Total equity:1,210,4931,211,6591,173,5541,156,5461,188,5561,202,250
TOTAL LIABILITIES AND EQUITY:11,890,49711,839,73011,739,29611,640,74211,720,45912,147,833

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues107,180100,47499,51290,43982,97277,477
Net investment income108,105101,54196,29186,69579,98173,868
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(3,606)(3,909)(7,677)(4,484)(4,390)(596)
Gross profit:103,57496,56591,83585,95578,58276,881
Operating expenses(24,235)(23,836)(24,539)(21,966)(22,161)(22,330)
Other operating income, net
(Noninterest Income, Other Operating Income)
2,6262,6562,2172,7352,8123,094
Operating income:81,96575,38569,51366,72459,23357,645
Nonoperating income
(Bank Owned Life Insurance Income)
1,5281,8781,4191,5601,4111,654
Interest and debt expense(31,504)(19,126)(9,393)(4,736)(3,898)(3,853)
Income from continuing operations before equity method investments, income taxes:51,98958,13761,53963,54856,74655,446
Other undisclosed loss from continuing operations before income taxes(13,259)(14,893)(14,855)(13,076)(8,014)(5,178)
Income from continuing operations before income taxes:38,73043,24446,68450,47248,73250,268
Income tax expense(8,658)(9,586)(10,563)(11,499)(10,957)(11,142)
Income from continuing operations:30,07233,65836,12138,97337,77539,126
Income before gain (loss) on sale of properties:38,97337,77539,126
Net income available to common stockholders, diluted:30,07233,65836,12138,97337,77539,126

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:30,07233,65836,12138,97337,77539,126
Other comprehensive income (loss)487486(14,156)138140139
Comprehensive income:30,55934,14421,96539,11137,91539,265
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(16,669)15,6307,661(58,896)(33,546)(68,170)
Comprehensive income (loss), net of tax, attributable to parent:13,89049,77429,626(19,785)4,369(28,905)

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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