UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K (MARK ONE) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM ________ TO ________. COMMISSION FILE NUMBER: 0-14703 NBT BANCORP INC. (Exact name of registrant as specified in its charter) Delaware 16-1268674 (State or other jur ...

Financial Data and Key Metrics Changes - The fourth quarter earnings per share were $0.64, with operating earnings per share at $0.72, excluding acquisition expenses and impairment charges [80] - Return on tangible equity was 15.78% for the full year, and the year-end tangible equity ratio grew 11% to 7.93% [76] - Tangible book value per share increased to $21.72, up $1.33 from the third quarter and $1.07 from the fourth quarter of 2022 [8] Business Line Data and Key Metrics Changes - Total loans increased by $1.5 billion from the fourth quarter of 2022, including $1.18 billion from the Salisbury acquisition [95] - Revenues from retirement plan administration decreased by $1.6 million from the third quarter, reflecting seasonal trends [12] - Non-interest income was $38 million, up 11% year-over-year but down 6% from the linked third quarter [84] Market Data and Key Metrics Changes - Total deposits reached $11 billion, up $1.5 billion in 2023, including $1.3 billion from the Salisbury acquisition [9] - Municipal deposits declined by $225 million from the seasonally high third quarter [96] - The cost of total deposits increased by 251 basis points compared to the linked third quarter [10] Company Strategy and Development Direction - The successful integration of the Salisbury acquisition positions the company for growth in adjacent markets and future strategic growth [91] - The company aims for mid-single-digit loan growth in 2024, with expectations of a stronger performance in business banking [18] - The company is focused on maintaining strong liquidity and capital levels while managing funding costs effectively [83] Management's Comments on Operating Environment and Future Outlook - Management noted that market volatility and uncertainty have pressured funding costs, impacting net interest margins [14] - The company expects modest additional funding pressures to persist in 2024, but remains optimistic about organic growth [83] - Management highlighted a resilient consumer and business environment, with continued investment in small businesses [91] Other Important Information - The company declared a $0.32 dividend, representing a 6.7% increase over the previous quarter, marking 11 consecutive years of annual dividend increases [6] - The company recorded a loan loss provision expense of $5.1 million in the fourth quarter, higher than the previous quarter [39] Q&A Session Summary Question: What are the expectations for funding costs in the first half of the year? - Management indicated that total deposit costs ended the quarter at approximately $155 million, with stability expected in funding costs moving forward [16] Question: How does the company view the loan pipeline and growth outlook? - Management expressed confidence in mid-single-digit growth for 2024, despite a slight decrease in year-over-year pipelines entering the first quarter [18] Question: What is the outlook for charge-offs as the Springstone portfolio winds down? - Management anticipates that charge-offs will decrease as the portfolio reduces, maintaining a range of $2.5 million to $3 million per quarter [122]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________. COMMISSION FILE NUMBER 0-14703 NBT BANCORP INC. (Exact name of registrant as specified in its charter) Delaware 16-1268674 (State o ...

NBT Bancorp Inc. (NASDAQ:NBTB) Q3 2023 Earnings Conference Call October 25, 2023 8:30 AM ET Company Participants John Watt - President & Chief Executive Officer Scott Kingsley - Chief Financial Officer Annette Burns - Chief Accounting Officer Joseph Ondesko - Treasurer Joseph Stagliano - Chief Information Officer and President of Retail Banking Conference Call Participants Alexander Twerdahl - Piper Sandler Companies Steve Moss - Raymond James Chris O'Connell - KBW Matthew Breese - Stephens Inc. Operator Go ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________. COMMISSION FILE NUMBER 0-14703 NBT BANCORP INC. (Exact name of registrant as specified in its charter) Delaware 16-1268674 (State or oth ...

NBT Bancorp Inc. (NASDAQ:NBTB) Q2 2023 Earnings Conference Call August 1, 2023 8:30 AM ET Company Participants John H. Watt, Jr. - President & Chief Executive Officer Scott Kingsley - Chief Financial Officer Conference Call Participants Alex Twerdahl - PSC Steve Moss - Raymond James Chris O’Connell - KBW Matthew Breese - Stephens Inc. Operator Good day, everyone. Welcome to the NBT Bancorp's Second Quarter 2023 Financial Results Conference Call. This call is being recorded and has been made accessible to th ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________. COMMISSION FILE NUMBER 0-14703 NBT BANCORP INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of ...

NBT Bancorp Inc. (NASDAQ:NBTB) Q1 2023 Earnings Conference Call April 25, 2023 8:30 AM ET Company Participants John H. Watt, Jr. – President and Chief Executive Officer Scott Kingsley – Chief Financial Officer Conference Call Participants Alex Twerdahl – Piper Sandler & Co Steve Moss – Raymond James Chris O’Connell – KBW Matt Breese – Stephens Inc. Operator Good day, everyone. Welcome to the NBT Bancorp’s First Quarter 2023 Financial Results Conference Call. This call is being recorded and has been made acc ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K (MARK ONE) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM ________ TO ________. Delaware 16-1268674 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 52 South Broad Street, ...

− Approximately 51% of deposits come from MSAs where NBTB holds a top 5 rank − Approximately 92% of deposits come from counties where NBTB holds a top 10 rank − Approximately 72% of deposits come from counties where NBTB holds a top 5 rank Retail, Commercial and Municipal deposits generated from long-duration relationships One of only a few $10+ billion banks in New England (most are either much larger or smaller) Vermont − Market share dominated by larger banks. Opportunity for locally-focused bank − $704 ...