NBT Bancorp Inc. (NBTB)

NBT Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	552.85	462.67	332.77	302.18	307.86
Interest Income on Investments	58.82	60.12	51.3	37.7	40.42
Total Interest Income	611.67	522.79	384.07	339.88	348.28
Interest Paid on Deposits	186.95	104.64	9.92	10.71	22.07
Interest Paid on Borrowings	24.6	39.93	11.96	8.07	10.53
Total Interest Expense	211.55	144.57	21.88	18.79	32.6
Net Interest Income	400.12	378.22	362.19	321.09	315.68
Net Interest Income Growth (YoY)	5.79%	4.43%	12.80%	1.71%	1.32%
Trust Income	41.64	34.76	33.31	33.72	29.25
Gain (Loss) on Sale of Investments	2.79	-14.07	-1.13	0.57	-0.39
Other Non-Interest Income	115.31	101.31	108.77	110.16	104.22
Total Non-Interest Income	176.82	137.43	155.58	157.79	146.28
Non-Interest Income Growth (YoY)	28.67%	-11.67%	-1.40%	7.87%	1.56%
Revenues Before Loan Losses	576.95	515.65	517.77	478.88	461.95
Provision for Loan Losses	19.61	25.27	17.15	-8.26	51.13
Revenue	557.34	490.37	500.62	487.14	410.82
Revenue Growth (YoY)	13.66%	-2.05%	2.77%	18.58%	-4.50%
Salaries and Employee Benefits	232.49	189.15	183.3	168.17	157.35
Federal Deposit Insurance	-	6.26	3.2	3.04	2.69
Amortization of Goodwill & Intangibles	8.44	4.73	2.26	2.81	3.4
Selling, General & Administrative	89.58	99.25	92.3	90.01	86.14
Other Non-Interest Expense	45.84	24.93	19.8	20.34	24.86
Total Non-Interest Expense	376.35	326.94	303.5	287.28	277.73
EBT Excluding Unusual Items	180.99	163.44	197.12	199.86	133.09
Pretax Income	179.46	153.46	196.16	199.86	133.09
Income Tax Expense	38.82	34.68	44.16	44.97	28.7
Net Income	140.64	118.78	152	154.89	104.39
Net Income to Common	140.64	118.78	152	154.89	104.39
Net Income Growth	18.40%	-21.85%	-1.87%	48.37%	-13.74%
Basic Shares Outstanding	47	45	43	43	44
Diluted Shares Outstanding	47	45	43	44	44
Shares Change (YoY)	5.95%	3.68%	-1.23%	-0.61%	-0.31%
EPS (Basic)	2.98	2.67	3.54	3.57	2.39
EPS (Diluted)	2.97	2.65	3.52	3.54	2.37
EPS Growth	12.08%	-24.72%	-0.56%	49.37%	-13.50%
Dividend Per Share	1.320	1.240	1.160	1.100	1.080
Dividend Growth	6.45%	6.90%	5.45%	1.85%	2.86%
Effective Tax Rate	21.63%	22.60%	22.51%	22.50%	21.56%

Source: S&P Capital IQ. Banks template. Financial Sources.