NBT Bancorp Inc.

NBT Bancorp Inc. Announces 2013 First Quarter Earnings

NORWICH, N.Y., April 22, 2013 (GLOBE NEWSWIRE) -- NBT Bancorp Inc. (NBT) (Nasdaq:NBTB) reported today core net income for the three months ended March 31, 2013 was $14.3 million, up 8.5% from $13.2 million for the same period in 2012. Core diluted earnings per share for the three months ended March 31, 2013 was $0.39, equivalent to the same period last year. Core annualized return on average assets and return on average equity were 0.90% and 9.01%, respectively, for the three months ended March 31, 2013, compared with 0.94% and 9.76%, respectively, for the three months ended March 31, 2012.

NBT Bancorp Inc.

NBT Bancorp Inc. Successfully Closes Merger With Alliance Financial Corporation

NORWICH, N.Y., March 8, 2013 (GLOBE NEWSWIRE) -- NBT Bancorp Inc. (NBT) (Nasdaq:NBTB) announced today the successful closing of its previously announced merger with Alliance Financial Corporation (Alliance) (Nasdaq:ALNC). Under the terms of the agreement, Alliance merged with and into NBT, with NBT being the surviving corporation of the merger. Additionally, Alliance Bank, N.A., a wholly-owned subsidiary of Alliance, merged with and into NBT Bank, N.A., a wholly-owned subsidiary of NBT, with NBT Bank continuing as the surviving entity.

NBT Bancorp Inc.

NBT Bancorp and Alliance Financial Receive Stockholder Approvals, Prepare to Close Merger

NORWICH, N.Y. and SYRACUSE, N.Y., March 7, 2013 (GLOBE NEWSWIRE) -- NBT Bancorp Inc. (NBT) (Nasdaq:NBTB) and Alliance Financial Corporation (Alliance) (Nasdaq:ALNC) announced today that both companies received approval from stockholders at special meetings conducted this week to complete their merger. Pursuant to the Agreement and Plan of Merger by and between NBT and Alliance, dated October 7, 2012, Alliance will merge with and into NBT. Additionally, Alliance Bank, N.A., a wholly-owned subsidiary of Alliance, will merge with and into NBT's wholly-owned subsidiary, NBT Bank, N.A.

NBT Bancorp Inc.

NBT Bancorp Inc. Announces 2012 Diluted Earnings Per Share of $1.62 and Organic Loan Growth of 6.8%; Declares Cash Dividend

NORWICH, N.Y., Jan. 28, 2013 (GLOBE NEWSWIRE) -- NBT Bancorp Inc. (NBT) (Nasdaq:NBTB) reported today net income for the year ended December 31, 2012 was $54.6 million, down $3.3 million, or 5.8%, from the year ended December 31, 2011. Net income per diluted share for the year ended December 31, 2012 was $1.62, down from $1.71 per diluted share for the year ended December 31, 2011. Net interest margin (on a fully taxable equivalent or FTE basis) was 3.86% for the year ended December 31, 2012, down 23 basis points from 4.09% for the year ended December 31, 2011. Return on average assets and return on average equity were 0.93% and 9.72%, respectively, for the year ended December 31, 2012, compared with 1.06% and 10.73%, respectively, for the year ended December 31, 2011.

NBT Bancorp Inc.

NBT Bancorp Inc. Announces Third Quarter Diluted Earnings Per Share of $0.43; Strong Loan Growth

NORWICH, N.Y., Oct. 22, 2012 (GLOBE NEWSWIRE) -- NBT Bancorp Inc. (NBT) (Nasdaq:NBTB) reported today net income for the nine months ended September 30, 2012 was $41.4 million, down $2.7 million, or 6.2%, from the nine months ended September 30, 2011. Net income per diluted share for the nine months ended September 30, 2012 was $1.23 per share, down from $1.29 per diluted share for the nine months ended September 30, 2011. The Company incurred approximately $1.9 million in merger related expenses for the first nine months of 2012, as compared to $0.2 million for the same period in 2011. Merger related expenses had a negative impact on diluted earnings per share of approximately $0.04 in 2012, and a nominal impact in 2011. Annualized return on average assets and return on average equity were 0.95% and 9.97%, respectively, for the nine months ended September 30, 2012, compared with 1.09% and 10.95%, respectively, for the nine months ended September 30, 2011. Net interest margin (on a fully taxable equivalent or FTE basis) was 3.87% for the nine months ended September 30, 2012, down 26 basis points from 4.13% for the nine months ended September 30, 2011.

NBT Bancorp Inc.

NBT Bancorp Inc., Alliance Financial Corporation Enter Into Merger Agreement

NORWICH, N.Y. and SYRACUSE, N.Y., Oct. 8, 2012 (GLOBE NEWSWIRE) -- NBT Bancorp Inc. (NBT) (Nasdaq:NBTB) and Alliance Financial Corporation (Alliance) (Nasdaq:ALNC) announced today that they have entered into a definitive agreement under which Alliance will merge with and into NBT. The merger is valued at approximately $233.4 million and is expected to close in the second quarter of 2013 subject to customary closing conditions, including receipt of regulatory approvals and approvals by NBT and Alliance stockholders.

NBT Bancorp Inc.

NBT Bancorp Inc. Announces Second Quarter Diluted Earnings Per Share of $0.40; Strong Loan Growth and Completion of Acquisition

NORWICH, N.Y., July 23, 2012 (GLOBE NEWSWIRE) -- NBT Bancorp Inc. (NBT) (Nasdaq:NBTB) reported today net income for the six months ended June 30, 2012 was $26.9 million, down $2.1 million, or 7.1%, from the six months ended June 30, 2011. Net income per diluted share for the six months ended June 30, 2012 was $0.80 per share, down from $0.84 per diluted share for the six months ended June 30, 2011. The Company incurred approximately $1.3 million in merger related expenses for the first six months of 2012, which had a negative impact on diluted earnings per share of approximately $0.03. Annualized return on average assets and return on average equity were 0.94% and 9.89%, respectively, for the six months ended June 30, 2012, compared with 1.08% and 10.82%, respectively, for the six months ended June 30, 2011. Net interest margin (on a fully taxable equivalent or FTE basis) was 3.86% for the six months ended June 30, 2012, down 26 basis points from 4.12% for the six months ended June 30, 2011.

NBT Bancorp Inc.

NBT Bancorp Inc. Announces First Quarter Diluted Earnings Per Share of $0.41, Net Income of $13.7 Million; Organic Loan Growth of 4.2%

NORWICH, N.Y., April 23, 2012 (GLOBE NEWSWIRE) -- NBT Bancorp Inc. (NBT) (Nasdaq:NBTB) reported today net income for the three months ended March 31, 2012 was $13.7 million, down $0.6 million, or 4.6%, from the three months ended March 31, 2011. Net income per diluted share for the three months ended March 31, 2012 was $0.41 per share, equal to the net income per diluted share for the three months ended March 31, 2011. Annualized return on average assets and return on average equity were 0.97% and 10.12%, respectively, for the three months ended March 31, 2012, compared with 1.08% and 10.78%, respectively, for the three months ended March 31, 2011. Net interest margin (on a fully taxable equivalent or FTE basis) was 3.90% for the three months ended March 31, 2012, down 21 basis points from 4.11% for the three months ended March 31, 2011.

NBT Bancorp Inc.

NBT Bancorp Inc. Announces Second Highest Annual Earnings in Company's History of $1.71 and Net Income of $57.9 Million; Declares Cash Dividend

NORWICH, N.Y., Jan. 23, 2012 (GLOBE NEWSWIRE) -- NBT Bancorp Inc. (NBT) (Nasdaq:NBTB) reported today net income per diluted share for the year ended December 31, 2011 was $1.71 per share, as compared with $1.66 per share for the year ended December 31, 2010. Return on average assets and return on average equity were 1.06% and 10.73%, respectively, for the year ended December 31, 2011, compared with 1.05% and 10.92%, respectively, for the year ended December 31, 2010. Net interest margin (on a fully taxable equivalent basis ("FTE")) was 4.09% for the year ended December 31, 2011, down 6 basis points ("bp") from 4.15% for the year ended December 31, 2010. Net income for the year ended December 31, 2011 was $57.9 million, up $0.5 million, or 0.9%, from the year ended December 31, 2010.

NBT Bancorp Inc.

Hampshire First Bank Enters Into Agreement to Join NBT Bank

NORWICH, N.Y. AND MANCHESTER, N.H., Nov. 16, 2011 (GLOBE NEWSWIRE) -- NBT Bancorp Inc. (NBT) (Nasdaq:NBTB) and Hampshire First Bank (HFB) (OTC:HFBN) announced today that they have entered into a definitive agreement under which Hampshire First Bank will merge with and into NBT's banking subsidiary, NBT Bank, N.A. The merger is valued at approximately $45 million and is expected to close early in the second quarter of 2012 subject to customary closing conditions, including receipt of regulatory approvals and approval by the stockholders of HFB.