SOURCE: NBT Bancorp Inc.

July 25, 2005 18:57 ET

NBT Bancorp Announces Quarterly Earnings of $13.1 Million; Declares Cash Dividend

NORWICH, NY -- (MARKET WIRE) -- July 25, 2005 -- NBT Bancorp Inc. (NBT) (NASDAQ: NBTB) reported today that net income for the quarter ended June 30, 2005, was $13.1 million, or $0.40 per diluted share, up 5% on a per share basis from $12.6 million, or $0.38 per diluted share for the same period a year ago. Return on average assets and return on average equity were 1.22% and 16.21%, respectively, for the quarter ended June 30, 2005, compared with 1.24% and 16.05%, respectively, for the same period in 2004. The increase in net income for the quarter ended June 30, 2005, was primarily the result of a $2.6 million increase in net interest income and a $1.1 million increase in noninterest income that was partially offset by a $2.8 million increase in noninterest expense.

Net income for the six months ended June 30, 2005, was $25.9 million, or $0.79 per diluted share, up 5% on a per share basis compared with $24.9 million or $0.75 per diluted share for the first six months of 2004. Return on average assets and return on average equity were 1.23% and 15.99%, respectively, for the six months ended June 30, 2005, compared with 1.24% and 15.89%, respectively, for the same period in 2004. The increase in net income for the six months ended June 30, 2005, was primarily the result of a $4.4 million increase in net interest income and a $1.3 million increase in noninterest income that was partially offset by an increase in noninterest expense of $4.5 million.

NBT Chairman and CEO Daryl R. Forsythe stated, "We are pleased to report another solid quarter for the Company. Earnings and loan growth continued their positive trends. The combination of exceptional customer service and commercial lending expertise that we provide has attracted and retained a loyal customer base in the markets we serve. In addition, NBT's expansion efforts into the Albany, Binghamton and northeastern Pennsylvania markets have delivered solid results in the areas of loan and deposit growth as well as noninterest income growth."

Loan and Lease Quality and Provision for Loan and Lease Losses

Nonperforming loans at June 30, 2005 were $13.5 million or 0.45% of total loans and leases compared with $13.8 million or 0.50% of total loans and leases at June 30, 2004 and $16.2 million or 0.56% of total loans and leases at December 31, 2004. The Company's allowance for loan and lease losses was 1.55% of loans and leases at June 30, 2005 compared with 1.58% at June 30, 2004, and 1.57% at December 31, 2004. The ratio of the allowance for loan and lease losses to nonperforming loans was 344.01% at June 30, 2005 compared with 315.52% at June 30, 2004, and 277.75% at December 31, 2004. Annualized net charge-offs to average loans and leases for the six months ended June 30, 2005, were 0.18%, compared with the 0.28% annualized ratio for the six months ended June 30, 2004, and the ratio for the year ended December 31, 2004 of 0.27%. The improvement in credit quality during the second quarter of 2005 was driven mainly by the sale of approximately $5.0 million in nonperforming loans.

For the quarter and six months ended June 30, 2005, the provision for loan and lease losses totaled $2.3 million and $4.1 million, respectively, compared with the $2.4 million and $4.6 million for the same periods in 2004. The slight decrease in the provision for loan and lease losses for the quarter and six months ended June 30, 2005, when compared with the same periods in 2004, was due primarily to improved credit quality and above-mentioned lower charge-offs offset somewhat by strong loan growth, as loans and leases were up 9% at June 30, 2005, when compared with the same period in 2004.

Net Interest Income

Net interest income was up 7% to $39.3 million for the quarter ended June 30, 2005, compared to $36.7 million for the same period a year ago. The increase in net interest income was attributable to 6% growth in average earning assets as well as a modest increase in the Company's net interest margin, which was 4.02% for the quarter ended June 30, 2005, up from the 3.99% for the same period in 2004. Net interest income for the six months ended June 30, 2005, increased 6%, to $78.1 million from $73.8 million in the same period for 2004. The increase in net interest income was attributable to 6% growth in average earning assets for the period as well as a modest increase in the Company's net interest margin, which was 4.06% for the six months ended June 30, 2005, up slightly from the 4.04% for the same period in 2004. The improvement in net interest margin for the quarter and the six months ended June 30, 2005, compared to the same periods in 2004 resulted primarily from earning assets repricing up faster than interest-bearing liabilities. NBT President Martin A. Dietrich commented, "Effective management of our balance sheet has enabled NBT to maintain a stable net interest margin over the past several quarters during this period of short-term rising rates."

Noninterest Income

Noninterest income for the quarter ended June 30, 2005 was $11.1 million, up $1.1 million or 11% from $10.0 million for the same period in 2004. Retirement plan administration fees were $1.2 million. This is a new service from the acquisition of EPIC Advisors, Inc. in January 2005. Other income increased $0.5 million from increases in consumer and commercial banking fees and title search revenue. Offsetting these increases was a $1.0 million decrease in broker/dealer and insurance revenue from the sale of the Company's broker/dealer subsidiary M. Griffith Inc. in March 2005.

Noninterest income for the six months ended June 30, 2005 was $21.8 million, up $1.3 million or 7% from $20.4 million for the same period in 2004. Retirement plan administration fees totaled $2.0 million, from the previously mentioned acquisition of EPIC Advisors, Inc. in January 2005. ATM and debit card fees increased $0.3 million compared with the same period a year ago, due to growth from transaction deposit accounts, which has led to an increase in the Company's debit card base. Offsetting these increases was a $1.4 million decrease in broker/dealer and insurance revenue from the previously mentioned sale of the Company's broker/dealer subsidiary M. Griffith Inc. in March 2005.

Noninterest Expense

Noninterest expense for the quarter ended June 30, 2005 was $28.7 million, up from $25.9 million for the same period in 2004. Salaries and employee benefits for the quarter ended June 30, 2005, increased $2.3 million over the same period in 2004, mainly from higher salaries from merit increases and higher incentive compensation costs. Other operating expense for the quarter ended June 30, 2005, increased $0.5 million compared with the same period in 2004, primarily from increases in insurance costs and loan underwriting expenses.

Noninterest expense for the six months ended June 30, 2005 was $57.6 million, up $4.5 million from $53.1 million for the same period in 2004. The increase in noninterest expense was driven by increases in salaries and employee benefits, occupancy and equipment expense. Salaries and employee benefits increased $3.4 million, mainly from increases in salary expense and employee benefit expense, reflecting merit increases as well as higher pension and incentive compensation costs. Occupancy expense increased $0.3 million from branch expansion in the Albany, Binghamton and northeastern Pennsylvania markets. Equipment expense increased $0.4 million, principally from ATM and technology upgrades.

Balance Sheet

Total assets were $4.4 billion at June 30, 2005, up $0.3 billion from $4.1 billion at June 30, 2004. Loans and leases increased $0.2 billion or 9% from $2.8 billion at June 30, 2004 to $3.0 billion at June 30, 2005. Loan growth was fueled by solid production from consumer and commercial loan products. Total deposits were $3.2 billion at June 30, 2005 up 5% from the same period at June 30, 2004. Stockholders' equity was $330.7 million representing total equity to total assets of 7.55% at June 30, 2005 compared with $307.7 million or a total equity to total asset ratio of 7.46% at June 30, 2004. Under previously announced stock repurchase plans, the Company acquired 671,543 shares of its common stock at an average price of $22.84 per share totaling $15.3 million for the six months ended June 30, 2005.

Dividend Declared

The NBT Board of Directors declared a third-quarter cash dividend of $0.19 per share at a meeting held today. The dividend will be paid on September 15, 2005 to shareholders of record as of September 1, 2005.

Corporate Overview

NBT is a financial services holding company headquartered in Norwich, NY, with total assets of $4.4 billion at June 30, 2005. The Company primarily operates through NBT Bank, N.A., a full-service community bank with two divisions and through a financial services company. NBT Bank, N.A. has 114 locations, including 74 NBT Bank offices in upstate New York and 40 Pennstar Bank offices in northeastern Pennsylvania. EPIC Advisors, Inc., based in Rochester, NY, is a full-service 401(k) plan recordkeeping firm. In June 2005, NBT announced that it had agreed to acquire CNB Bancorp, Inc. (CNB), with total assets of approximately $400 million, which is headquartered in Gloversville, NY. The merger is expected to close in the fourth quarter of 2005 pending regulatory and CNB shareholder approval. More information about NBT and its divisions can be found on the Internet at www.nbtbancorp.com, www.nbtbank.com, www.pennstarbank.com and www.epic1st.com.

Forward-Looking Statements

This news release contains forward-looking statements. These forward-looking statements involve risks and uncertainties and are based on the beliefs and assumptions of the management of NBT Bancorp and its subsidiaries and on the information available to management at the time that these statements were made. There are a number of factors, many of which are beyond NBT's control, that could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. Factors that may cause actual results to differ materially from those contemplated by such forward-looking statements include, among others, the following possibilities: (1) competitive pressures among depository and other financial institutions may increase significantly; (2) revenues may be lower than expected; (3) changes in the interest rate environment may reduce interest margins; (4) general economic conditions, either nationally or regionally, may be less favorable than expected, resulting in, among other things, a deterioration in credit quality and/or a reduced demand for credit; (5) legislative or regulatory changes, including changes in accounting standards and tax laws, may adversely affect the businesses in which NBT is engaged; (6) competitors may have greater financial resources and develop products that enable such competitors to compete more successfully than NBT; and (7) adverse changes may occur in the securities markets or with respect to inflation. Forward-looking statements speak only as of the date they are made. Except as required by law, NBT does not undertake to update forward-looking statements to reflect subsequent circumstances or events.

                         NBT Bancorp Inc.
                   SELECTED FINANCIAL HIGHLIGHTS
                           (unaudited)
                                                         Net     Percent
                                2005        2004        Change    Change
                               ------      ------       ------    ------
                             (dollars in thousands,
                              except share and per
                                  share data)

Three Months Ended June 30,
Net Income                  $    13,128  $    12,568        $560     4%
Diluted Earnings Per Share        $0.40  $      0.38       $0.02     5%
Weighted Average Diluted
 Common Shares
 Outstanding                 32,583,600   33,084,126    (500,526)   -2%
Return on Average Assets           1.22%        1.24%      -0.02%   -2%
Return on Average Equity          16.21%       16.05%       0.16%    1%
Net Interest Margin                4.02%        3.99%       0.03%    1%
                             ----------   ----------     -------   ---
Six Months Ended June 30,
Net Income                  $    25,917  $    24,939        $978     4%
Diluted Earnings Per Share        $0.79  $      0.75       $0.04     5%
Weighted Average Diluted
 Common Shares
 Outstanding                 32,779,403   33,128,783    (349,380)   -1%
Return on Average Assets           1.23%        1.24%      -0.01%   -1%
Return on Average Equity          15.99%       15.89%       0.10%    1%
Net Interest Margin                4.06%        4.04%       0.02%    0%
                             ----------   ----------     -------   ---


Asset Quality                    June 30,  December 31,  June 30,
                                   2005       2004         2004
                               --------     --------    --------
Nonaccrual Loans             $   13,041  $    14,991   $  13,240
90 Days Past Due and
 Still Accruing              $      450  $     1,186   $     541
Total Nonperforming Loans    $   13,491  $    16,177   $  13,781
Other Real Estate
 Owned (OREO)                $      395  $       428   $     365
Total Nonperforming
 Loans and OREO              $   13,886  $    16,605   $  14,146
Total Nonperforming Assets   $   13,886  $    16,605   $  14,198
Allowance for Loan and Lease
 Losses                      $   46,411  $    44,932   $  43,482
Year-to-Date (YTD) Net
 Charge-Offs                 $    2,637  $     7,334   $   3,720
Allowance to Loans
 and Leases                        1.55%        1.57%       1.58%
Total Nonperforming Loans to
 Loans and Leases                  0.45%        0.56%       0.50%
Total Nonperforming Assets
 to Assets                         0.32%        0.39%       0.34%
Allowance to Nonperforming
 Loans                           344.01%      277.75%     315.52%
Annualized Net Charge-Offs to
  YTD Average Loans and Leases     0.18%        0.27%       0.28%
                               --------     --------    --------
Capital
Equity to Assets                   7.55%        7.89%       7.46%
Book Value Per Share         $    10.22  $     10.11   $    9.43
Tangible Book Value
 Per Share                   $     8.62  $      8.66   $    7.91
Tier 1 Leverage Ratio              6.91%        7.13%       6.90%
Tier 1 Capital Ratio               9.23%        9.78%       9.74%
Total Risk-Based Capital Ratio    10.48%       11.04%      11.00%
                               --------     --------    --------

Quarterly Common Stock Price     2005            2004            2003
Quarter End                  High     Low    High     Low     High    Low
                            ------  ------  ------  ------  ------  ------
March 31                    $25.66  $21.48  $23.00  $21.21  $18.60  $16.75
June 30                     $24.15  $20.10   23.18   19.92   19.94   17.37
September 30                                 24.34   21.02   21.76   19.24
December 31                                  26.84   21.94   22.78   19.50

                                NBT Bancorp Inc.
                       SELECTED FINANCIAL HIGHLIGHTS
                                   (unaudited)
                                                            Net    Percent
                                  2005         2004        Change   Change
                                  ----         ----        ------   ------
                               (dollars in thousands,
                                except share and per
                                    share data)
Balance Sheet as of June 30,
Loans                          $2,995,964    $2,753,625    $242,339     9%
Earning Assets                 $4,087,964    $3,860,751    $227,213     6%
Total Assets                   $4,381,364    $4,125,374    $255,990     6%
Deposits                       $3,178,059    $3,040,609    $137,450     5%
Stockholders' Equity             $330,749      $307,675     $23,074     7%
                               ----------    ----------    --------   ----

Average Balances
Quarter Ended June 30,
Loans                          $2,943,631    $2,698,654    $244,977     9%
Securities AFS
 (excluding unrealized
 gains or losses)                $955,166      $974,046    ($18,880)   -2%
Securities HTM                    $88,401       $87,802        $599     1%
Regulatory Equity Investment      $36,617       $33,301      $3,316    10%
Short-Term Interest
 Bearing Accounts                  $6,411        $7,282       ($871)  -12%
Total Earning Assets           $4,030,226    $3,801,085    $229,141     6%
Total Assets                   $4,307,004    $4,073,144    $233,860     6%
Interest Bearing Deposits      $2,657,197    $2,555,590    $101,607     4%
Non-Interest Bearing Deposits    $521,348      $483,650     $37,698     8%
Short-Term Borrowings            $320,151      $283,701     $36,450    13%
Long-Term Borrowings             $430,452      $388,331     $42,121    11%
Total Interest Bearing
 Liabilities                   $3,407,800    $3,227,622    $180,178     6%
Stockholders' Equity             $324,801      $314,980      $9,821     3%
                               ----------    ----------    --------   ----

Average Balances
Six Months Ended June 30,
Loans                          $2,910,426    $2,672,384    $238,042     9%
Securities AFS (excluding
 unrealized gains or losses)     $954,013      $969,347    ($15,334)   -2%
Securities HTM                    $86,602       $91,878     ($5,276)   -6%
Regulatory Equity Investment      $36,576       $33,648      $2,928     9%
Short-Term Interest
 Bearing Accounts                  $6,569        $7,761     ($1,192)  -15%
Total Earning Assets           $3,994,186    $3,775,018    $219,168     6%
Total Assets                   $4,272,507    $4,052,714    $219,793     5%
Interest Bearing Deposits      $2,630,965    $2,538,519     $92,446     4%
Non-Interest Bearing Deposits    $513,447      $476,186     $37,261     8%
Short-Term Borrowings            $324,912      $286,658     $38,254    13%
Long-Term Borrowings             $421,890      $387,519     $34,371     9%
Total Interest Bearing
 Liabilities                   $3,377,767    $3,212,696    $165,071     5%
Stockholders' Equity             $327,360      $315,522     $11,838     4%
                               ----------    ----------    --------   ----

NBT Bancorp Inc. and Subsidiaries        June 30,   December 31,   June 30,
Consolidated Balance Sheets (unaudited)    2005         2004         2004
(in thousands)                             ----         ----         ----

ASSETS
Cash and due from banks                $  118,358   $   98,437   $  102,705
Short term interest bearing accounts        6,078        8,286        7,240
Securities available for sale,
 at fair value                            961,944      952,542      980,097
Securities held to maturity (fair
 value of $89,465, $82,712, and            88,771       81,782       79,766
$80,390, at June 30, 2005, December
 31, 2004 and June 30, 2004,
 respectively)
Federal Reserve and Federal Home
 Loan Bank stock                           39,442       36,842       35,994
Loans and leases                        2,995,964    2,869,921    2,753,625
Less allowance for loan and
 lease losses                              46,411       44,932       43,482
                                       ----------   ----------   ----------
 Net loans and leases                   2,949,553    2,824,989    2,710,143
Premises and equipment, net                64,133       63,743       62,008
Goodwill                                   47,544       45,570       47,521
Intangible assets, net                      4,092        2,013        2,189
Bank owned life insurance                  32,968       32,302       31,609
Other assets                               68,481       65,798       66,102
TOTAL ASSETS                           $4,381,364   $4,212,304   $4,125,374
                                       ----------   ----------   ----------

LIABILITIES AND STOCKHOLDERS' EQUITY
Deposits:
 Demand (noninterest bearing)            $569,046     $520,218     $490,573
 Savings, NOW, and money market         1,386,720    1,435,561    1,494,278
 Time                                   1,222,293    1,118,059    1,055,758
                                       ----------   ----------   ----------
  Total deposits                        3,178,059    3,073,838    3,040,609
Short-term borrowings                     384,171      338,823      349,144
Long-term debt                            419,377      394,523      369,567
Trust preferred debentures                 18,720       18,720       18,720
Other liabilities                          50,288       54,167       39,659
                                       ----------   ----------   ----------
  Total liabilities                     4,050,615    3,880,071    3,817,699


Total stockholders' equity                330,749      332,233      307,675
                                       ----------   ----------   ----------

TOTAL LIABILITIES AND
 STOCKHOLDERS' EQUITY                  $4,381,364   $4,212,304   $4,125,374
                                       ----------   ----------   ----------


NBT Bancorp Inc. and
Subsidiaries Consolidated           Three months ended    Six months ended
Statements of Income                     June 30,             June 30,
(unaudited)                          2005       2004      2005       2004
                                   --------   --------  --------  --------
(in thousands, except per share data)
Interest, fee and dividend income:
Loans and leases                   $ 46,260   $ 39,635  $ 90,204  $ 79,529
Securities available for sale        10,226     10,313    20,473    21,082
Securities held to maturity             831        755     1,634     1,552
Other                                   549        235     1,016       502
                                   --------   --------  --------  --------
  Total interest, fee and
   dividend income                   57,866     50,938   113,327   102,665
                                   --------   --------  --------  --------
Interest expense:
Deposits                             12,018      9,674    22,738    19,719
Short-term borrowings                 2,207        794     4,068     1,587
Long-term debt                        4,032      3,627     7,840     7,242
Trust preferred debentures              285        163       543       343
                                   --------   --------  --------  --------
  Total interest expense             18,542     14,258    35,189    28,891
                                   --------   --------  --------  --------
Net interest income                  39,324     36,680    78,138    73,774
Provision for loan and lease
 losses                               2,320      2,428     4,116     4,552
                                   --------   --------  --------  --------
Net interest income after
 provision for loan and
 lease losses                        37,004     34,252    74,022    69,222
                                   --------   --------  --------  --------
Noninterest income:
Trust                                 1,251      1,142     2,503     2,249
Service charges on deposit
 accounts                             4,311      4,090     8,240     8,127
ATM and debit card fees               1,544      1,396     2,944     2,654
Broker/dealer and insurance
 revenue                                736      1,783     2,088     3,514
Net securities gains                     51         29        47        38
Bank owned life insurance
 income                                 333        409       666       794
Retirement plan administration
 fees                                 1,156          -     2,019         -
Other                                 1,673      1,140     3,259     3,056
                                   --------   --------  --------  --------
  Total noninterest income           11,055      9,989    21,766    20,432
                                   --------   --------  --------  --------
Noninterest expense:
Salaries and employee
 benefits                            14,848     12,542    30,071    26,655
Office supplies and postage           1,121      1,143     2,271     2,174
Occupancy                             2,550      2,446     5,338     5,044
Equipment                             1,931      1,781     4,027     3,634
Professional fees and
 outside services                     1,381      1,424     3,056     3,056
Data processing and
 communications                       2,530      2,852     5,188     5,544
Amortization of intangible
 assets                                 142         71       260       142
Loan collection and other
 real estate owned                      208         99       609       471
Other operating                       3,985      3,505     6,757     6,345
                                   --------   --------  --------  --------
  Total noninterest expense          28,696     25,863    57,577    53,065
                                   --------   --------  --------  --------
Income before income taxes           19,363     18,378    38,211    36,589
Income taxes                          6,235      5,810    12,294    11,650
                                   --------   --------  --------  --------
   Net income                      $ 13,128   $ 12,568  $ 25,917  $ 24,939
                                   --------   --------  --------  --------
Earnings Per Share:
     Basic                           $ 0.41     $ 0.38    $ 0.80    $ 0.76
     Diluted                         $ 0.40     $ 0.38    $ 0.79    $ 0.75
                                   --------   --------  --------  --------


NBT Bancorp Inc. and Subsidiaries
Quarterly Consolidated
Statements of Income         2Q        1Q        4Q        3Q        2Q
(unaudited)                 2005      2005      2004      2004      2004
                          --------  --------  --------  --------  --------
(in thousands, except
 per share data)
Interest, fee and
 dividend income:
Loans                     $ 46,260  $ 43,944  $ 42,983  $ 41,283  $ 39,635
Securities available
 for sale                   10,226    10,247    10,398    10,784    10,313
Securities held to
 maturity                      831       803       761       731       755
Other                          549       467       279       295       235
                          --------  --------  --------  --------  --------
  Total interest, fee
   and dividend income      57,866    55,461    54,421    53,093    50,938
                          --------  --------  --------  --------  --------
Interest expense:
Deposits                    12,018    10,720    10,299     9,743     9,674
Short-term borrowings        2,207     1,861     1,307     1,192       794
Long-term debt               4,032     3,808     3,919     3,861     3,627
Trust preferred
 debentures                    285       258       235       245       163
                          --------  --------  --------  --------  --------
  Total interest expense    18,542    16,647    15,760    15,041    14,258
                          --------  --------  --------  --------  --------
Net interest income         39,324    38,814    38,661    38,052    36,680
Provision for loan and
 lease losses                2,320     1,796     2,750     2,313     2,428
                          --------  --------  --------  --------  --------
Net interest income after
 provision for loan and
 lease losses               37,004    37,018    35,911    35,739    34,252
                          --------  --------  --------  --------  --------
Noninterest income:
Trust                        1,251     1,252     1,174     1,182     1,142
Service charges on
 deposit accounts            4,311     3,929     4,184     4,159     4,090
ATM and debit card fees      1,544     1,400     1,402     1,474     1,396
Broker/dealer and
 insurance fees                736     1,352     1,572     1,696     1,783
Net securities gains
 (losses)                       51        (4)      160        18        29
Bank owned life
 insurance income              333       333       345       348       409
Retirement plan
 administration fees         1,156       863         -         -         -
Other                        1,673     1,586     1,503     1,240     1,140
                          --------  --------  --------  --------  --------
  Total noninterest
   income                   11,055    10,711    10,340    10,117     9,989
                          --------  --------  --------  --------  --------
Noninterest expense:
Salaries and employee
 benefits                   14,848    15,223    14,063    13,345    12,542
Office supplies and
 postage                     1,121     1,150     1,118     1,167     1,143
Occupancy                    2,550     2,788     2,416     2,445     2,446
Equipment                    1,931     2,096     1,998     1,941     1,781
Professional fees and
 outside services            1,381     1,675     1,583     1,536     1,424
Data processing and
 communications              2,530     2,658     2,740     2,688     2,852
Amortization of
 intangible assets             142       118        71        71        71
Loan collection and
 other real estate
 owned                         208       401       431       339        99
Goodwill impairment              -         -     1,950         -         -
Other operating              3,985     2,772     3,037     3,773     3,505
                          --------  --------  --------  --------  --------
  Total noninterest
   expense                  28,696    28,881    29,407    27,305    25,863
                          --------  --------  --------  --------  --------
Income before income
 taxes                      19,363    18,848    16,844    18,551    18,378
Income taxes                 6,235     6,059     4,353     5,934     5,810
                          --------  --------  --------  --------  --------
   Net income             $ 13,128  $ 12,789  $ 12,491  $ 12,617  $ 12,568
                          ========  ========  ========  ========  ========
Earnings per share:
   Basic                  $   0.41  $   0.39  $   0.38  $   0.38  $   0.38
   Diluted                $   0.40  $   0.39  $   0.38  $   0.38  $   0.38
                          ========  ========  ========  ========  ========

Contact Information

  • Contact:
    Daryl R. Forsythe
    CEO
    Michael J. Chewens
    CFO
    NBT Bancorp Inc.
    52 South Broad Street
    Norwich, NY 13815
    607-337-6416