NBT Bancorp Inc. (NBTB)

NBT Bancorp Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	524.59	462.67	332.77	302.18	307.86	321.47
Interest Income on Investments	61.12	60.12	51.3	37.7	40.42	46.06
Total Interest Income	585.71	522.79	384.07	339.88	348.28	367.53
Interest Paid on Deposits	164.54	104.64	9.92	10.71	22.07	39.99
Interest Paid on Borrowings	34.76	39.93	11.96	8.07	10.53	15.99
Total Interest Expense	199.3	144.57	21.88	18.79	32.6	55.98
Net Interest Income	386.42	378.22	362.19	321.09	315.68	311.56
Net Interest Income Growth (YoY)	2.12%	4.43%	12.80%	1.71%	1.32%	1.94%
Trust Income	38.32	34.76	33.31	33.72	29.25	28.4
Gain (Loss) on Sale of Investments	-2.34	-14.07	-1.13	0.57	-0.39	4.21
Other Non-Interest Income	110.13	101.31	108.77	110.16	104.22	94.26
Total Non-Interest Income	162.6	137.43	155.58	157.79	146.28	144.02
Non-Interest Income Growth (YoY)	20.70%	-11.67%	-1.40%	7.87%	1.56%	15.44%
Revenues Before Loan Losses	549.01	515.65	517.77	478.88	461.95	455.58
Provision for Loan Losses	32.24	25.27	17.15	-8.26	51.13	25.41
Revenue	516.78	490.37	500.62	487.14	410.82	430.17
Revenue Growth (YoY)	4.73%	-2.05%	2.77%	18.58%	-4.50%	7.12%
Salaries and Employee Benefits	204.38	189.15	183.3	168.17	157.35	152.66
Federal Deposit Insurance	6.92	6.26	3.2	3.04	2.69	1.95
Amortization of Goodwill & Intangibles	8.04	4.73	2.26	2.81	3.4	3.58
Selling, General & Administrative	104.39	99.25	92.3	90.01	86.14	87.95
Other Non-Interest Expense	25.92	24.93	19.8	20.34	24.86	24.44
Total Non-Interest Expense	351.99	326.94	303.5	287.28	277.73	274.73
EBT Excluding Unusual Items	164.79	163.44	197.12	199.86	133.09	155.43
Pretax Income	156.62	153.46	196.16	199.86	133.09	155.43
Income Tax Expense	35.03	34.68	44.16	44.97	28.7	34.41
Net Income	121.59	118.78	152	154.89	104.39	121.02
Net Income to Common	121.59	118.78	152	154.89	104.39	121.02
Net Income Growth	-12.41%	-21.85%	-1.87%	48.37%	-13.74%	7.51%
Basic Shares Outstanding	47	45	43	43	44	44
Diluted Shares Outstanding	47	45	43	44	44	44
Shares Change (YoY)	8.74%	3.68%	-1.23%	-0.61%	-0.31%	0.24%
EPS (Basic)	2.61	2.67	3.54	3.57	2.39	2.76
EPS (Diluted)	2.58	2.65	3.52	3.54	2.37	2.74
EPS Growth	-19.77%	-24.72%	-0.56%	49.37%	-13.50%	7.03%
Dividend Per Share	1.280	1.240	1.160	1.100	1.080	1.050
Dividend Growth	6.67%	6.90%	5.45%	1.85%	2.86%	6.06%
Effective Tax Rate	22.36%	22.60%	22.51%	22.50%	21.56%	22.14%

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