NBT Bancorp Inc. (NASDAQ:NBTB) Q4 2024 Earnings Conference Call January 28, 2025 10:00 AM ET
Company Participants
Scott Kingsley - President & CEO
Annette Burns - CFO
Conference Call Participants
Steve Moss - Raymond James
Christopher O’Connell - KBW
Manuel Navas - D.A. Davidson
Matt Breese - Stephens
Steve Moss - Raymond James
Operator
Good day, everyone. Welcome to the conference call covering NBT Bancorp's Fourth Quarter and Full Year 2024 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 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 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 NBT Bancorp President and CEO, Scott Kingsley, for his opening remarks. Mr. Kingsley, please begin.
Scott Kingsley
Thank you, Daniel. Good morning, and thank you for joining us this morning. With me in snowy Norwich today are NBT's Chief Financial Officer, Annette Burns, and Joe Stagliano, President of NBT Bank, N.A.
Our operating performance for the quarter and full year 2024 continued to reflect the strength of our balance sheet, our diversified business model, and the collaboration and diligence of our team. During the fourth quarter, we productively grew loans, improved our funding profile, and boosted net interest margin for the third consecutive quarter. Incrementally lower