NBTB FY 2021 Earnings Report — NBT Bancorp Inc. Revenue & Financial Results | Market Cap Arena

NBT Bancorp Inc.NBTB

FY 2021 Earnings

Reported March 1, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$495M	—	$491M	—	0.7%
Op. Income	$200M	—	$133M	—	50.2%
Gross Margin	97.9%	—	83.0%	—	14.9pp
Net Margin	31.3%	—	21.2%	—	10.1pp
EPS (Diluted)	$3.54	—	$2.37	—	49.4%
Free Cash Flow	$151M	—	$137M	—	10.5%

Revenue Flow

Item	Amount
REVENUE	$495M
Cost of Revenue	$11M
GROSS PROFIT	$484M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$176M
SG&A Expenses	$178M
Other Expenses	$106M
Operating Expenses	$284M
Cost & Expenses	$295M
OPERATING INCOME	$200M
Interest Income	$340M
Interest Expense	$19M
Other Income/Expenses	$0
INCOME BEFORE TAX	$200M
Income Tax Expense	$45M
Net Income from Continuing Ops	$155M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$155M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$155M
D&A	$20M
EBIT	$200M
EBITDA	$220M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$495M
Cost of Revenue	$11M
GROSS PROFIT	$484M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$176M
SG&A Expenses	$178M
Other Expenses	$106M
Operating Expenses	$284M
Cost & Expenses	$295M
OPERATING INCOME	$200M
Interest Income	$340M
Interest Expense	$19M
Other Income/Expenses	$0
INCOME BEFORE TAX	$200M
Income Tax Expense	$45M
Net Income from Continuing Ops	$155M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$155M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$155M
D&A	$20M
EBIT	$200M
EBITDA	$220M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$155M
Depreciation & Amortization	$13M
Stock-Based Compensation	$4M
Deferred Income Tax	$0
Other Non-Cash Items	-$837.0K
Change in Working Capital	-$12M
OPERATING CASH FLOW	$159M
Capital Expenditure	-$8M
Acquisitions (Net)	-$2M
Purchases of Investments	-$1.1B
Sales/Maturities of Investments	$578M
Other Investing Activities	-$41M
NET CASH FROM INVESTING	-$548M
Net Debt Issuance	-$96M
Common Stock Repurchased	-$22M
Common Dividends Paid	-$48M
Other Financing Activities	$1.1B
NET CASH FROM FINANCING	$985M
FREE CASH FLOW	$151M
Net Change in Cash	$596M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.3B
Short-Term Investments	$1.7B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.0B
PP&E (Net)	$72M
Goodwill	$281M
Intangible Assets	$9M
Long-Term Investments	$8.2B
Tax Assets	$0
Other Non-Current Assets	$520M
TOTAL NON-CURRENT ASSETS	$9.1B
TOTAL ASSETS	$12.0B
Account Payables	$0
Short-Term Debt	$98M
Deferred Revenue	$0
Other Current Liabilities	$10.2B
TOTAL CURRENT LIABILITIES	$10.3B
Long-Term Debt	$214M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$216M
TOTAL NON-CURRENT LIABILITIES	$429M
TOTAL LIABILITIES	$10.8B
Common Stock	$497.0K
Additional Paid-In Capital	$577M
Retained Earnings	$856M
Treasury Stock	-$160M
Accum. Other Comp. Income	-$23M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$0
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$12.0B
Total Debt	$311M
Net Debt	-$958M