Trade NBT Bancorp Inc - NBTB CFD

NBT Bancorp Company profile

About NBT Bancorp Inc.

NBT Bancorp Inc. is a financial holding company. The Company conducts its business through NBT Bank, National Association (the Bank) and also other subsidiaries, which includes providing commercial banking and financial services to customers in its market area. The Bank is a commercial bank, which provides a range of financial products to individuals, corporations and municipalities. The Bank offers deposit products, which include demand deposit accounts, savings accounts, negotiable order of withdrawal (NOW) accounts, money market deposit accounts (MMDA) and certificate of deposit (CD) accounts. It offers loan products, which include indirect and direct consumer loans, home equity loans, mortgages, business banking loans and commercial loans. The Bank also offers other products and services through its branch network, such as trust and investment services and financial planning and life insurance services.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, NBT Bancorp Inc. interest income decreased 2% to $339.9M. Net interest income after loan loss provision increased 4% to $329.3M. Net income increased 48% to $154.9M. Net interest income after loan loss provision reflects Securities available for sale increase of 4% to $23.3M. Net income benefited from Deposits decrease of 51% to $10.7M (expense), ATM Fees increase of 21% to $31.3M (income).

Equity composition

Common Stock $.01 Par, 12/10, 50M auth., 38,035,539 issd., less 3,532,732 shs. in Treas. @ $75.3M. Insiders own 3.66%. PONA. 6/98, 4-for-3 stock split; 6/90, 3-for-2 stock split; 11/99, 11/98, 11/97, 11/96, 11/95, 11/94, 11/93, 11/92, 12/91, 12/90, 12/87 & 12/86, 5% stock dividends. *11/01, Co. acquired CNB Financial Corp. @ 1.2 shs(8,905,374 shs issd.).