NBT BANCORP INC NBTB Income Statement

Nbt bancorp inc (NBTB)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
Interest, fee and dividend income
Interest and fees on loans
321,474	300,827	267,096	250,994	241,828	243,324	238,672	208,458	204,370	213,429	220,324	232,155
Securities available for sale
23,303	26,920	28,564	24,033	20,418	24,464	25,510	27,005	31,083	36,167	45,972	54,048
Securities held to maturity
19,105	13,242	10,934	9,852	9,233	5,261	2,660	2,378	2,886	3,968	4,894	5,588
Other
3,652	3,266	2,813	2,068	1,745	2,032	1,881	1,556	1,658	2,174	2,203	2,623
Total interest, fee and dividend income
367,534	344,255	309,407	286,947	273,224	275,081	268,723	239,397	239,997	255,738	273,393	294,414
Interest expense
Deposits
39,986	22,144	14,475	14,366	14,257	13,638	16,290	18,848	23,020	30,354	48,496	76,132
Short-term borrowings
9,693	10,552	5,996	2,309	783	845	515	188	205	402	552	4,847
Interest expense incurred on all long-term debt during the reporting period, excluding junior subordinated debentures.
1,875	1,790	2,299	3,204	3,355	6,555	11,755	14,428	14,404	18,314	23,629	22,642
Junior subordinated debt
4,425	4,140	3,144	2,627	2,221	2,165	2,084	1,730	2,092	4,140	4,247	4,747
Total interest expense
55,979	38,626	25,914	22,506	20,616	23,203	30,644	35,194	39,721	53,210	76,924	108,368
Net interest income
311,555	305,629	283,493	264,441	252,608	251,878	238,079	204,203	200,276	202,528	196,469	186,046
Provision for loan losses
25,412	28,828	30,988	25,431	18,285	19,539	22,424	20,269	20,737	29,809	33,392	27,181
Net interest income after provision for loan losses
286,143	276,801	252,505	239,010	234,323	232,339	215,655	183,934	179,539	172,719	163,077	158,865
Noninterest income
Insurance and other financial services revenue
25,006	24,345	23,532	24,396	24,211	24,517	24,447	22,387	20,843	18,867	17,725	8,726
Includes amounts charged depositors for: (1) maintenance of their accounts (maintenance charges); (2) failure to maintain specified minimum balances on account; (3) exceeding the number of checks or transactions allowed to be processed in a given period; (4) checks drawn on no minimum balance deposit accounts; (5) withdrawals from non-transaction deposit accounts; (6) closing savings accounts before a specified minimum period of time has elapsed; (7) accounts which have remained inactive for extended period
17,151	17,224	16,750	16,729	17,056	17,941	19,307	18,225	21,464	24,041	27,165	28,143
Includes amounts charged depositors for use of automated teller machines or remote service units.
23,893	22,699	21,372	19,448	18,248	17,135	15,558	12,358	11,642	10,035	9,339	8,832
Includes amounts charged to customers for administration of retirement plans.
30,388	26,992	20,213	16,063	14,146	12,129	11,497	10,097	8,918	10,356	9,086	6,308
Amount of noninterest income derived from trust services during the period.
19,164	19,524	19,586	18,565	19,026	18,950	16,682	9,172	8,864	7,722	6,719	7,278
Bank owned life insurance income
5,355	5,091	5,175	5,195	4,334	5,349	3,793	3,077	3,085	3,316	3,135	4,923
Net securities (losses) gains
4,213	-6,341	1,867	-644	3,087	92	1,426	599	150	3,274	144	1,535
Gain on sale of equity investment
0	0	818	0	4,179	19,401	0	-	-	-	-	-
Gain on the sale of Springstone investment
-	-	-	-	-	-	-	0	-	-	-	-
Other
18,853	15,228	11,991	15,961	14,194	10,513	10,505	11,412	5,345	6,277	6,818	5,961
Total noninterest income
144,023	124,762	121,304	115,713	118,481	126,027	103,215	87,327	80,311	83,888	80,131	71,706
Noninterest expense
Salaries and employee benefits
156,867	151,685	135,222	132,060	125,633	119,667	113,580	104,815	99,212	93,718	85,565	71,159
Occupancy
22,706	22,318	21,808	20,940	22,095	22,128	20,720	17,415	16,363	15,350	14,864	13,781
Data processing and communications
18,318	17,652	17,068	16,495	16,588	16,137	15,353	13,437	12,271	12,347	13,238	12,694
Professional fees and outside services
14,785	14,376	13,499	13,617	13,407	14,426	13,309	10,463	8,921	9,032	10,508	10,476
Equipment
18,583	17,037	15,225	14,295	13,408	12,658	11,493	9,627	8,864	8,317	8,139	7,539
Office supplies and postage
6,579	6,204	6,284	6,168	6,367	6,983	6,563	6,489	6,073	6,102	5,857	5,346
Impairment on lease residual assets
-	-	-	-	-	-	-	-	-	-	-	2,000
FDIC expenses
1,946	4,651	4,767	5,111	5,145	4,944	4,960	3,832	4,267	6,081	8,408	1,813
Advertising
2,773	2,782	2,744	2,556	2,654	2,831	3,204	2,889	3,460	3,487	3,455	3,102
Amortization of intangible assets
3,600	4,000	4,000	3,928	4,864	5,047	4,872	3,394	3,046	3,072	3,246	2,105
Includes expenses incurred to support loan collection efforts and administration of other real estate owned.
4,158	4,217	4,763	3,458	2,620	3,248	2,619	2,560	2,631	3,036	2,766	2,494
Merger expenses
-	-	-	-	-	-	12,364	2,608	804	0	-	-
Prepayment penalties on long-term debt
-	-	-	-	-	17,902	0	0	-	4,526	810	0
Other
24,440	19,597	20,308	17,294	23,395	20,092	19,890	16,358	14,764	13,223	13,710	14,304
Total noninterest expense
274,734	264,561	245,648	235,922	236,176	246,063	228,927	193,887	180,676	178,291	170,566	146,813
Income before income tax expense
155,432	137,002	128,161	118,801	116,628	112,303	89,943	77,374	79,174	78,316	72,642	83,758
Income tax expense
34,411	24,436	46,010	40,392	40,203	37,229	28,196	22,816	21,273	20,912	20,631	25,405
Net income
121,021	112,566	82,151	78,409	76,425	75,074	61,747	54,558	57,901	57,404	52,011	58,353
Earnings per share
Basic (in dollars per share)
2.76	2.58	1.89	1.81	1.74	1.71	1.47	1.63	1.72	1.67	1.54	1.81
Diluted (in dollars per share)
2.74	2.56	1.87	1.80	1.72	1.69	1.46	1.62	1.71	1.66	1.53	1.80