NBT Bancorp's (NBTB) CEO John Watt on Q2 2022 Results - Earnings Call Transcript

Jul. 26, 2022 12:02 PM ETNBT Bancorp Inc. (NBTB)
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NBT Bancorp, Inc. (NASDAQ:NBTB) Q2 2022 Earnings Conference Call July 26, 2022 8:30 AM ET

Company Participants

John Watt - President & CEO

Scott Kingsley - CFO

Annette Burns - CAO

Conference Call Participants

Alex Twerdahl - PSC

Chris O'Connell - KBW

Matthew Breese - Stephens

Operator

Good day, everyone. Welcome to the NBT Bancorp Second Quarter 2022 Financial Results Conference Call.

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 that as noted on Slide 2, 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. Reconciliations for these numbers are contained within the Appendix of today's presentation.

At this time, all participants are in 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 would now like to turn the conference over to NBT Bancorp, President and CEO, John H. Watt, Jr. for his opening remarks. Mr. Watt, please begin.

John Watt

Thank you, Josh, and good morning, everyone. Thank you for participating in this earnings call covering NBT Bancorp's second quarter 2022 results. Joining me today are NBT's Chief Financial Officer, Scott Kingsley, and our Chief Accounting Officer, Annette Burns.

We are extremely pleased with our results for the second quarter of 2022, including earnings per share of $0.88, ROA of 1.28% and ROATCE of 17%.

I'd like to take a moment here to highlight activity in our businesses. Loan growth continued to be strong. Our commercial business generated $310 million in

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