NBT BANCORP INC
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 28, 2025
NBTB$53.41-0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Comprehensive Income (Loss)
Comprehensive Income (Loss)
| Years Ended December 31, | |||||
|---|---|---|---|---|---|
| (In thousands) · 2024 · 2023 · 2022 | |||||
| Net income | $140,641 | $118,782 | $151,995 | ||
| Other comprehensive income (loss), net of tax: | |||||
| Securities available for sale: | |||||
| Unrealized net holding gains (losses) arising during the period, gross | $19,585 | $22,987 | $(209,212) | ||
| Tax effect | (4,896) | (5,746) | 52,303 | ||
| Unrealized net holding gains (losses) arising during the period, net | $14,689 | $17,241 | $(156,909) | ||
| Reclassification adjustment for net losses in net income, gross | $ | - | $9,450 | $ | - |
| Tax effect | - | (2,363) | - | ||
| Reclassification adjustment for net losses in net income, net | $ | - | $7,087 | $ | - |
| Amortization of unrealized net gains for the reclassification of available for sale securities to held to maturity, gross | $356 | $427 | $513 | ||
| Tax effect | (89) | (107) | (128) | ||
| Amortization of unrealized net gains for the reclassification of available for sale securities to held to maturity, net | $267 | $320 | $385 | ||
| Total securities available for sale, net | $14,956 | $24,648 | $(156,524) | ||
| Pension and other benefits: | |||||
| Amortization of prior service cost and actuarial losses, gross | $2,881 | $2,640 | $737 | ||
| Tax effect | (720) | (660) | (184) | ||
| Amortization of prior service cost and actuarial losses, net | $2,161 | $1,980 | $553 | ||
| Decrease (increase) in unrecognized actuarial loss, gross | $2,292 | $3,296 | $(14,292) | ||
| Tax effect | (573) | (824) | 3,573 | ||
| Decrease (increase) in unrecognized actuarial loss, net | $1,719 | $2,472 | $(10,719) | ||
| Total pension and other benefits, net | $3,880 | $4,452 | $(10,166) | ||
| Total other comprehensive income (loss) | $18,836 | $29,100 | $(166,690) | ||
| Comprehensive income (loss) | $159,477 | $147,882 | $(14,695) | ||
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