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NBT Bancorp Announces Quarterly Earnings of $11.9 Million; Declares Cash Dividend

01/26/04

NORWICH, N.Y.--(BUSINESS WIRE)--Jan. 26, 2004--NBT Bancorp Inc. (NBT) (NASDAQ: NBTB) reported today that net income for the quarter ended December 31, 2003 was $11.9 million, or $0.36 per diluted share, up 6% from $11.2 million, or $0.34 per diluted share for the same period a year ago. The increase in net income for the quarter ended December 31, 2003 was primarily the result of a $1.6 million increase in noninterest income that was partially offset by a $0.7 million increase in noninterest expense. Annualized return on average assets and return on average equity were 1.17% and 15.47%, respectively, for the quarter ended December 31, 2003, compared with 1.21% and 15.53%, respectively, for the same period in 2002.

Net income for the year ended December 31, 2003 was $47.1 million, or $1.43 per diluted share, up 6% compared with $45.0 million or $1.35 per diluted share for the same period in 2002. The increase in net income for the year ended December 31, 2003 was primarily the result of a $6.3 million increase in noninterest income that was partially offset by a $2.4 million decrease in net interest income and a $2.1 million increase in noninterest expense. Return on average assets and return on average equity were 1.22% and 15.90%, respectively, for the year ended December 31, 2003, compared with 1.23% and 16.13%, respectively, for the same period in 2002.

NBT Chairman, President and CEO Daryl R. Forsythe stated, "The Company had loan growth of 12%, core deposit growth of 16%, noninterest income growth of 20% and improved asset quality in 2003. These factors aided the Company in overcoming a period of declining net interest margin and a central New York and northeastern Pennsylvania economy that has not yet regained significant momentum. Our banking franchise has become the financial service provider of choice in most of the communities we serve due primarily to a combination of financial services expertise and unparalleled customer service."

Loan and Lease Quality and Provision for Loan and Lease Losses

Nonperforming loans at December 31, 2003 were $14.8 million or 0.56% of total loans and leases compared with $26.4 million or 1.12% of total loans and leases at December 31, 2002. The Company's allowance for loan and lease losses was 1.62% of loans and leases at December 31, 2003 compared to 1.70% at December 31, 2002. The ratio of the allowance for loan and lease losses to nonperforming loans was 287.62% at December 31, 2003 compared to 152.18% at December 31, 2002. Net charge-offs to average loans and leases for the year ended December 31, 2003, were 0.27% down from 0.58% for the year ended December 31, 2002. Mr. Forsythe commented, "Our conservative credit culture has served us well as nonperforming loan levels, net charge-offs and the quality of our loan portfolio improved markedly during the year."

For the quarter and year ended December 31, 2003, the provision for loan and lease losses totaled $3.3 million and $9.1 million, respectively, compared with the $2.5 million and $9.1 million for the same periods in 2002. The increase in the provision for the quarter ended December 31, 2003 when compared with the same period in the prior year was due primarily to strong loan growth during the last two quarters of 2003. The provision for loan and lease losses for the year ended December 31, 2003 remained relatively unchanged when compared with the same period in 2002 as improvements in credit quality were offset by significant loan growth during 2003.

Net Interest Income

Net interest income was up 2% to $37.3 million for the quarter ended December 31, 2003, compared with $36.7 million for the same period a year ago. The increase in net interest income was due primarily to a 9% increase in average earning assets offset by a decline in the Company's net interest margin, which was 4.07% for the quarter ended December 31, 2003, down from 4.35% for the same period in 2002. The increase in average earning assets was due primarily to strong loan growth, as average loans were up 10% for the quarter ended December 31, 2003 when compared with the same period in 2002. Net interest income for the year ended December 31, 2003 decreased 2% to $144.4 million from $146.8 million in the same period for 2002. The Company's net interest margin was 4.16% for the year ended December 31, 2003 compared with 4.43% in 2002. The decline in net interest margin during the year and quarter ended December 31, 2003 compared with 2002 resulted primarily from earning assets repricing down at a faster rate than interest-bearing liabilities.

Noninterest Income

Noninterest income for the quarter ended December 31, 2003 was $10.1 million, up $1.9 million or 22% from $8.3 million for the same period in 2002. Broker/dealer and insurance revenue increased $0.6 million or 39% for the quarter ended December 31, 2003 over the same period in 2002, driven primarily by the Company's initiative to offer financial services products throughout the Bank's branch network. This initiative was implemented at the end of 2002. Income from bank owned life insurance (BOLI) increased $0.4 million for the quarter ended December 31, 2003 over the same period in the prior year resulting from the purchase of $30 million in BOLI in June 2003.

Noninterest income for the year ended December 31, 2003 was $37.8 million, up $6.3 million or 20% from $31.5 million for the same period in 2002. Service charges on deposit accounts for the year ended December 31, 2003 increased $2.0 million or 14% over the same period in 2002. The increase in service charges on deposit accounts resulted primarily from higher revenue collected for overdraft fees and continued growth in core deposits. Broker/dealer and insurance revenue increased $1.1 million or 19%, due primarily to the previously mentioned initiative related to the sale of financial services products throughout the Bank's 111-branch network. Revenue from trust services increased $0.8 million or 25% for the year ended December 31, 2003 over the same period in 2002, due in part to higher fees collected for estate management services as well as an increase in assets under management resulting from improved stock market conditions and an increase in the number of managed asset accounts. Income from BOLI increased $0.8 million for the year ended December 31, 2003 over the same period in the prior year resulting from the previously mentioned purchase of $30 million in BOLI in June 2003. Other income increased $1.0 million or 11% primarily from increases in revenue from ATM fees and internet banking fees.

Noninterest Expense

Noninterest expense for the quarter ended December 31, 2003 was $26.8 million, up $0.9 million or 4% from $25.9 million for the same period in 2002. The increase in noninterest expense resulted primarily from increases in salaries and benefits of $0.7 million and occupancy expenses of $0.4 million. The increase in salaries and benefits was driven primarily by higher salaries expense resulting from an increase in full-time-equivalent employees and merit increases. The increase in occupancy expense resulted primarily from corporate headquarter renovations.

Noninterest expense for the year ended December 31, 2003 was $104.5 million, up $2.0 million or 2% from $102.5 million for the same period in 2002. The increase in noninterest expense was due primarily to increases in other operating expense, salaries and employee benefits and occupancy expense partially offset by decreases in loan collection and OREO expenses and professional fees and outside services. Other operating expense increased $1.7 million, primarily from a $0.8 million charge for the writedown of non-marketable investment securities and increased insurance costs. Salaries and employee benefits increased $1.3 million primarily from increases in full-time-equivalent employees and merit increases as well as an increase in commissions paid to the financial services sales force. Loan collection and OREO expenses decreased $1.0 million from gains on the sale of OREO and a decrease in nonperforming loans. Professional fees and outside services decreased $1.2 million primarily from a $0.4 million charge related to an adverse judgement against the Company in 2002 as well as legal fees incurred during 2002 for the recovery of deposit overdraft writeoffs.

Balance Sheet

Total assets were $4.0 billion at December 31, 2003 up $0.3 billion from $3.7 billion at December 31, 2002. Loans and leases increased $0.3 billion or 12% from $2.4 billion at December 31, 2002 to $2.6 billion at December 31, 2003. Loan growth was fueled primarily by consumer loans and residential real estate, which experienced strong growth during the second half of 2003. Total deposits were $3.0 billion at December 31, 2003, up $0.1 billion from $2.9 billion at December 31, 2002. Core deposits, which include checking, savings and money market accounts increased $0.3 billion or 16% from $1.6 billion at December 31, 2002 to $1.9 billion at December 31, 2003 offset by a $0.2 billion decrease in time deposits during the same period. Stockholders' equity was $310.0 million representing a Tier 1 leverage ratio of 6.76% at December 31, 2003 compared with $292.4 million or a Tier 1 leverage ratio of 6.73% at December 31, 2002.

Dividend Declared

The NBT Board of Directors declared a quarterly cash dividend of $0.17 per share at a meeting held today. The dividend will be paid on March 15, 2004 to shareholders of record as of March 1, 2004.

Corporate Overview

NBT is a financial services holding company headquartered in Norwich, NY, with total assets of $4.0 billion at December 31, 2003. The Company primarily operates through NBT Bank, N.A., a full-service community bank with three geographic divisions and through a financial services company. NBT Bank, N.A. has 111 locations, including 44 NBT Bank offices and 27 Central National Bank offices in upstate New York and 40 Pennstar Bank offices in northeastern Pennsylvania. NBT also provides financial services products through M. Griffith, Inc. More information about NBT's banking divisions can be found on the Internet at www.nbtbank.com, www.pennstarbank.com and www.canajocnb.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 Inc. 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
                        2003           2002          Change     Change
                   -------------- -------------- ------------- -------
                   (dollars in thousands, except
                     share and per share data)

Twelve Months Ended
 December 31,
Net Income               $47,104        $44,999         $2,105      5%
Diluted Earnings
 Per Share                 $1.43          $1.35          $0.08      6%
Weighted Average
 Diluted
  Common Shares
   Outstanding        32,843,582     33,234,622       (391,040)    -1%
Return on Average
 Assets                     1.22%          1.23%         -0.01%    -1%
Return on Average
 Equity                    15.90%         16.13%         -0.23%    -1%
Net Interest Margin         4.16%          4.43%         -0.27%    -6%
----------------------------------------------------------------------

Three Months Ended
 December 31,
Net Income               $11,882        $11,244           $638      6%
Diluted Earnings
 Per Share                 $0.36          $0.34          $0.02      6%
Weighted Average
 Diluted
  Common Shares
   Outstanding        33,070,298     32,951,311        118,987      0%
Return on Average
 Assets                     1.17%          1.21%         -0.04%    -3%
Return on Average
 Equity                    15.47%         15.53%         -0.06%     0%
Net Interest Margin         4.07%          4.35%         -0.28%    -6%
----------------------------------------------------------------------


----------------------------------------------------------------------
Asset Quality       December 31,   December 31,
                        2003           2002
                   -------------- --------------
Nonaccrual Loans         $13,861        $24,009
90 Days Past Due
 and Still Accruing         $968         $1,976
Troubled Debt
 Restructuring
 Loans                        $0           $409
Total Nonperforming
 Loans                   $14,829        $26,394
Other Real Estate
 Owned (OREO)             $1,157         $2,947
Total Nonperforming
 Loans and OREO          $15,986        $29,341
Nonperforming
 Securities                 $395         $1,122
Total Nonperforming
 Assets                  $16,381        $30,463
Allowance for Loan
 and Lease Losses        $42,651        $40,167
Year-to-Date (YTD)
 Net Charge-Offs          $6,627        $13,652
Allowance to Loans
 and Leases                 1.62%          1.70%
Total Nonperforming
 Loans to Loans and
 Leases                     0.56%          1.12%
Total Nonperforming
 Assets to Assets           0.40%          0.82%
Allowance to
 Nonperforming
 Loans                    287.62%        152.18%
Net Charge-Offs to
 YTD Average Loans
 and Leases                 0.27%          0.58%
----------------------------------------------------------------------

Capital
Equity to Assets            7.66%          7.85%
Book Value Per
 Share                     $9.46          $8.96
Tangible Book Value
 Per Share                 $7.94          $7.47
Tier 1 Leverage
 Ratio                      6.76%          6.73%
Tier 1 Capital
 Ratio                      9.96%          9.93%
Total Risk-Based
 Capital Ratio             11.21%         11.18%
----------------------------------------------------------------------

----------------------------------------------------------------------
Quarterly Common
 Stock Price(a)         2003           2002           2001
Quarter End          High   Low     High   Low     High    Low
                   -------------- -------------- ---------------
March 31           $18.60 $16.76  $15.15 $13.15  $17.50   $13.25
June 30             19.94  17.37   19.32  14.00   25.42(b) 14.30
September 30        21.76  19.24   18.50  16.36   17.30    13.50
December 31         22.78  19.50   18.60  14.76   15.99    12.55
----------------------------------------------------------------------
(a) historical NBT Bancorp Inc. only

(b) This price was reported on June 29, 2001, a day on which the
Nasdaq Stock Market experienced computerized trading disruptions
which, among other things, forced it to extend its regular trading
session and cancel its late trading session.  Subsequently the Nasdaq
Stock Market recalculated and republished several closing stock prices
(not including NBT Bancorp Inc., for which had reported a closing
price of $19.30). Excluding trading on June 29, 2001, the high sales
price for the quarter ended June 30, 2001 was $16.75.


                           NBT Bancorp Inc.
                     SELECTED FINANCIAL HIGHLIGHTS
                              (unaudited)

                                                         Net   Percent
                                  2003       2002      Change   Change
                              ----------- ----------- --------- ------
                        (dollars in thousands, except
                          share and per share data)

Balance Sheet as of December 31,

Loans & Leases                $2,639,976  $2,355,932  $284,044     12%
Earning Assets                $3,741,131  $3,445,235  $295,896      9%
Total Assets                  $4,046,885  $3,723,726  $323,159      9%
Deposits                      $3,001,351  $2,922,040   $79,311      3%
Stockholders' Equity            $310,034    $292,382   $17,652      6%
----------------------------------------------------------------------

Average Balances
Year Ended December 31,

Loans & Leases                $2,474,899  $2,337,767  $137,132      6%
Securities AFS (excluding
 unrealized gains or losses)    $984,620    $947,042   $37,578      4%
Securities HTM                   $90,601     $92,981   ($2,380)    -3%
Trading Securities                  $133        $208      ($75)   -36%
Regulatory Equity Investment     $28,117     $21,766    $6,351     29%
Short-Term Interest Bearing
 Accounts                         $3,225     $12,389   ($9,164)   -74%
Total Earning Assets          $3,581,595  $3,412,153  $169,442      5%
Total Assets                  $3,852,523  $3,649,072  $203,451      6%
Interest Bearing Deposits     $2,483,026  $2,472,562   $10,464      0%
Non-Interest Bearing Deposits   $457,238    $419,744   $37,494      9%
Short-Term Borrowings           $190,332     $87,039  $103,293    119%
Long-Term Borrowings            $360,928    $334,479   $26,449      8%
Total Interest Bearing
 Liabilities                  $3,034,286  $2,894,080  $140,206      5%
Stockholders' Equity            $296,276    $278,955   $17,321      6%
----------------------------------------------------------------------

Average Balances
Quarter Ended December 31,

Loans & Leases                $2,597,259  $2,360,531  $236,728     10%
Securities AFS (excluding
 unrealized gains or losses)  $1,018,157    $969,024   $49,133      5%
Securities HTM                   $95,581     $83,994   $11,587     14%
Trading Securities                   $60        $239     ($179)   -75%
Regulatory Equity Investment     $35,383     $22,314   $13,069     59%
Short-Term Interest Bearing
 Accounts                         $2,261      $8,842   ($6,581)   -74%
Total Earning Assets          $3,748,701  $3,444,944  $303,757      9%
Total Assets                  $4,032,250  $3,686,352  $345,898      9%
Interest Bearing Deposits     $2,485,494  $2,478,501    $6,993      0%
Non-Interest Bearing Deposits   $480,141    $433,724   $46,417     11%
Short-Term Borrowings           $324,737     $79,673  $245,064    308%
Long-Term Borrowings            $369,712    $348,891   $20,821      6%
Total Interest Bearing
 Liabilities                  $3,179,943  $2,907,065  $272,878      9%
Stockholders' Equity            $304,915    $287,278   $17,637      6%
----------------------------------------------------------------------


NBT Bancorp Inc. and Subsidiaries            December 31, December 31,
Consolidated Balance Sheets                       2003        2002
----------------------------------------------------------------------
(in thousands)                                 (Unaudited)

ASSETS
Cash and due from banks                          $125,590    $121,824
Short term interest bearing accounts                2,454       2,799
Trading securities, at fair value                      48         203
Securities available for sale, at fair value      980,961   1,007,583
Securities held to maturity (fair value of
 $98,576 and $84,517 at December 31, 2003
 and December 31, 2002, respectively)              97,204      82,514
Federal Reserve and Federal Home Loan Bank
 stock                                             34,043      23,699
Loans and leases                                2,639,976   2,355,932
Less allowance for loan and lease losses           42,651      40,167
----------------------------------------------------------------------
  Net loans and leases                          2,597,325   2,315,765
Premises and equipment, net                        62,443      61,261
Goodwill                                           47,521      46,121
Intangible assets, net                              2,331       2,246
Bank owned life insurance                          30,815           -
Other assets                                       66,150      59,711
----------------------------------------------------------------------
TOTAL ASSETS                                   $4,046,885  $3,723,726
----------------------------------------------------------------------

LIABILITIES, GUARANTEED PREFERRED BENEFICIAL
INTERESTS IN COMPANY'S JUNIOR SUBORDINATE
DEBENTURES AND CAPITAL
Deposits:
 Demand (noninterest bearing)                    $500,303    $449,201
 Savings, NOW, and money market                 1,401,825   1,183,603
 Time                                           1,099,223   1,289,236
----------------------------------------------------------------------
  Total deposits                                3,001,351   2,922,040
Short-term borrowings                             302,931     105,601
Long-term debt                                    369,700     345,475
Other liabilities                                  45,869      41,228
----------------------------------------------------------------------
  Total liabilities                             3,719,851   3,414,344

Guaranteed preferred beneficial interests in
  Company's junior subordinated debentures         17,000      17,000


Total stockholders' equity                        310,034     292,382
----------------------------------------------------------------------

TOTAL LIABILITIES, GUARANTEED PREFERRED
BENEFICIAL INTERESTS IN COMPANY'S JUNIOR
SUBORDINATE DEBENTURES AND CAPITAL             $4,046,885  $3,723,726
----------------------------------------------------------------------


NBT Bancorp Inc. and
 Subsidiaries                  Three months ended  Twelve months ended
Consolidated Statements of         December 31,        December 31,
 Income                           2003     2002      2003      2002
----------------------------------------------------------------------
(in thousands, except per                    (Unaudited)
 share data)
Interest, fee and dividend
 income:
Loans and leases                 $40,082  $41,598  $159,118  $167,185
Securities available for sale     11,311   12,329    43,851    54,404
Securities held to maturity          805      951     3,391     4,260
Other                                 84      521       938     1,373
----------------------------------------------------------------------
  Total interest, fee and
   dividend income                52,282   55,399   207,298   227,222
----------------------------------------------------------------------
Interest expense:
Deposits                          10,369   14,328    45,941    63,332
Short-term borrowings                808      282     2,171     1,334
Long-term debt                     3,780    4,103    14,762    15,736
----------------------------------------------------------------------
  Total interest expense          14,957   18,713    62,874    80,402
----------------------------------------------------------------------
Net interest income               37,325   36,686   144,424   146,820
Provision for loan and lease
 losses                            3,322    2,546     9,111     9,073
----------------------------------------------------------------------
Net interest income after
 provision for loan and lease
 losses                           34,003   34,140   135,313   137,747
----------------------------------------------------------------------
Noninterest income:
Trust                              1,075      860     4,041     3,226
Service charges on deposit
 accounts                          4,302    4,055    15,833    13,875
Broker/dealer and insurance
 revenue                           1,964    1,409     6,869     5,780
Net securities gains (losses)         92       26       175      (413)
Bank owned life insurance            403        -       815         -
Other                              2,288    1,917    10,045     9,053
----------------------------------------------------------------------
  Total noninterest income        10,124    8,267    37,778    31,521
----------------------------------------------------------------------
Noninterest expense:
Salaries and employee
 benefits                         12,355   11,621    49,560    48,212
Office supplies and postage        1,028    1,206     4,216     4,446
Occupancy                          2,477    2,036     9,328     8,333
Equipment                          2,008    1,862     7,627     7,066
Professional fees and outside
 services                          1,470    1,746     5,433     6,589
Data processing and
 communications                    2,671    2,725    10,752    10,593
Amortization of intangible
 assets                              145      164       620       774
Loan collection and other
 real estate owned                   636      601     1,840     2,846
Capital securities                   181      172       732       839
Other operating                    3,823    3,728    14,409    12,757
----------------------------------------------------------------------
  Total noninterest expense       26,794   25,861   104,517   102,455
----------------------------------------------------------------------
Income before income taxes        17,333   16,546    68,574    66,813
Income taxes                       5,451    5,302    21,470    21,814
----------------------------------------------------------------------
   Net income                    $11,882  $11,244   $47,104   $44,999
----------------------------------------------------------------------
Earnings Per Share:
     Basic                         $0.36    $0.34     $1.45     $1.36
     Diluted                       $0.36    $0.34     $1.43     $1.35
----------------------------------------------------------------------


NBT Bancorp Inc. and
 Subsidiaries
Quarterly Consolidated       4Q       3Q       2Q       1Q       4Q
 Statements of Income       2003     2003     2003     2003     2002
----------------------------------------------------------------------
(in thousands, except                      (Unaudited)
 per share data)
Interest, fee and
 dividend income:
Loans and leases          $40,082  $39,881  $39,540  $39,615  $41,598
Securities available
 for sale                  11,311    9,871   10,864   11,805   12,329
Securities held to
 maturity                     805      840      857      889      951
Other                          84      196      332      326      521
----------------------------------------------------------------------
  Total interest, fee
   and dividend income     52,282   50,788   51,593   52,635   55,399
----------------------------------------------------------------------
Interest expense:
Deposits                   10,369   10,920   12,040   12,612   14,328
Short-term borrowings         808      704      370      289      282
Long-term debt              3,780    3,586    3,691    3,705    4,103
----------------------------------------------------------------------
  Total interest
   expense                 14,957   15,210   16,101   16,606   18,713
----------------------------------------------------------------------
Net interest income        37,325   35,578   35,492   36,029   36,686
Provision for loan and
 lease losses               3,322    2,436    1,413    1,940    2,546
----------------------------------------------------------------------
Net interest income
 after provision for
 loan and lease losses     34,003   33,142   34,079   34,089   34,140
----------------------------------------------------------------------
Noninterest income:
Trust                       1,075      958    1,116      892      860
Service charges on
 deposit accounts           4,302    4,164    3,764    3,603    4,055
Broker/dealer and
 insurance fees             1,964    1,763    1,750    1,392    1,409
Net securities gains
 (losses)                      92       18       38       27       26
Bank owned life
 insurance                    403      398       14        -        -
Other                       2,288    2,672    2,257    2,828    1,917
----------------------------------------------------------------------
  Total noninterest
   income                  10,124    9,973    8,939    8,742    8,267
----------------------------------------------------------------------
Noninterest expense:
Salaries and employee
 benefits                  12,355   12,486   12,060   12,659   11,621
Office supplies and
 postage                    1,028    1,104    1,011    1,073    1,206
Occupancy                   2,477    2,143    2,182    2,526    2,036
Equipment                   2,008    1,909    1,944    1,766    1,862
Professional fees and
 outside services           1,470    1,421    1,240    1,302    1,746
Data processing and
 communications             2,671    2,640    2,720    2,721    2,725
Amortization of
 intangible assets            145      158      155      162      164
Loan collection and
 other real estate
 owned                        636      448      476      280      601
Capital securities            181      181      179      191      172
Other operating             3,823    3,493    3,881    3,212    3,728
----------------------------------------------------------------------
  Total noninterest
   expense                 26,794   25,983   25,848   25,892   25,861
----------------------------------------------------------------------
Income before income
 taxes                     17,333   17,132   17,170   16,939   16,546
Income taxes                5,451    5,284    5,362    5,373    5,302
----------------------------------------------------------------------
   Net income             $11,882  $11,848  $11,808  $11,566  $11,244
----------------------------------------------------------------------
Earnings per share:
   Basic                    $0.36    $0.36    $0.36    $0.36    $0.34
   Diluted                  $0.36    $0.36    $0.36    $0.35    $0.34
----------------------------------------------------------------------

    CONTACT: NBT Bancorp Inc., Norwich
             Daryl R. Forsythe or Michael J. Chewens, 607-337-6416

    SOURCE: NBT Bancorp Inc.
Copyright © 2018 - NBT Bancorp All Right Reserved.