US LNG exports surge but will buyers in China turn up?
NORWICH, N.Y. - NBT Bancorp Inc. (NASDAQ: NBTB), a financial holding company, has declared a quarterly cash dividend of $0.34 per share, representing a 3.11% yield. The dividend is payable on June 16, 2025, to shareholders of record as of June 2, 2025. According to InvestingPro, the company has maintained dividend payments for 40 consecutive years, with 12 straight years of dividend increases.
The company, with total assets amounting to $13.86 billion as of March 31, 2025, operates primarily through its community banking subsidiary, NBT Bank, N.A., which has a network of 175 banking locations across several northeastern states. With a market capitalization of $2.06 billion and strong revenue growth of 13.26% over the last twelve months, NBT Bancorp maintains a solid financial position, earning a "GOOD" Financial Health score from InvestingPro. NBT Bancorp also owns EPIC Retirement Plan Services, a national benefits administration firm located in Rochester, NY, and NBT Insurance Agency, LLC, a full-service insurance agency based in Norwich, NY.
This announcement of the dividend follows the company’s regular practice of providing shareholder returns and reflects its financial position as of the end of the first quarter of 2025. The dividend represents a continuation of NBT Bancorp’s policy of delivering value to its shareholders.
NBT Bancorp’s divisions, including its banking and financial services, cater to a broad customer base across New York, Pennsylvania, Vermont, Massachusetts, New Hampshire, Maine, and Connecticut. Trading at an attractive P/E ratio of 14.4 and currently below its Fair Value, NBT Bancorp presents an interesting opportunity for value investors. For detailed analysis and additional insights, investors can access the comprehensive Pro Research Report available on InvestingPro. The company provides further information about its operations and services on its websites.
The declaration of the dividend was made at a Board of Directors meeting held today. This information is based on a press release statement issued by NBT Bancorp Inc.
In other recent news, NBT Bancorp Inc. has reported strong financial results for the first quarter of 2025, surpassing earnings expectations with an EPS of $0.80 compared to the forecasted $0.74. The company also exceeded revenue projections, posting $154.67 million against an anticipated $151.04 million, marking a 12% increase year-over-year. Additionally, NBT Bancorp has completed its merger with Evans Bancorp, expanding its branch network into Western New York with 18 new locations and integrating over 200 employees and 40,000 customers. This merger aligns with NBT’s growth strategy, and former Evans executives have taken on leadership roles within the company.
DA Davidson has adjusted its outlook on NBT Bancorp, reducing the price target to $53 from $57 while maintaining a Buy rating. This decision follows NBT’s strong pre-provision net revenue, driven by increased net interest income and a 10 basis point expansion in net interest margin. Despite the potential political risks associated with the CHIPS Act, DA Davidson remains optimistic about NBT Bancorp’s long-term prospects, supported by economic growth in upstate New York and benefits from the Evans Bancorp merger.
The company has also announced a tangible book value per share reaching an all-time high of $24.74, reflecting its solid financial foundation. NBT Bancorp’s projected return on assets for 2026 is above-peer at 1.3%, and the stock is trading at 10.0 times earnings. The merger with Evans Bancorp is expected to result in a 4% tangible book value dilution but is anticipated to provide $0.30 in earnings accretion.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.