NBT Bancorp Inc. (NBTB) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, everyone. Welcome to the conference call covering NBT Bancorp's first quarter 2025 financial results. This call is being recorded and has been made accessible to the public in accordance with the SEC's regulation FD. Corresponding presentation slides can be found on the company's website at nbtbancorp.com. Before the call begins, NBT's management would like to remind listeners, as noted on slide two, today's presentation may contain forward-looking statements as defined by the Securities and Exchange Commission. Actual results may differ from those projected. In addition, certain non-GAAP measures will be discussed. Reconciliation for these numbers are contained within the appendix of today's presentation. At this time, all participants are on a listen-only mode. Later, we will conduct a question and answer session. Instructions will follow at that time. As a reminder, this call is being recorded. I will now turn the conference over to MBT Bank Corp's President and CEO, Scott Kingsley, for his opening remarks. Mr. Kingsley, please begin. Thank you, Kevin, and good morning, and thank you for joining us for this earnings call covering NBT Bancorp's first quarter 2025 results. With me today are Annette Burns, NBT's Chief Financial Officer, Joe Stagliano, President of NBT Bank, and Joe Andesco, our Treasurer. Our operating performance for the first quarter continued to reflect the strength of our balance sheet, our diversified business model, and strong collaboration by our team. Operating return on assets was 1.11% for the first quarter with a return on equity of 10% and ROTCE of 14%. Certainly not records for us, but each metric demonstrates continued improvement over the linked and prior year quarters and, importantly, reflects the generation of positive ope...