NBT Bancorp Inc. · NASDAQ:NBTB
NBT Bancorp — Investor Presentation (December 2010)
41 slides from NBT Bancorp's investor presentation, Dec 31, 2010
Slide 1: NBT Bancorp Corporate Profile
Slide 2: Table of Contents
Table of Contents Tab Pages Content 1 6-17 Company Overview 2 19-32 Our Vision and Leadership 3 34-40 Why is NBTB a Good Investment? 2
Slide 3: Contact Information
Contact Information Martin Dietrich President and Chief Executive Officer (607) 337-6119 [email protected] Michael J. Chewens Senior Executive Vice President and Chief Financial Officer (607) 337-6520 [email protected] 3
Slide 4: Forward-Looking Statements
Forward-Looking Statements This presentation may contain forward-looking statements regarding NBT Bancorp Inc. These statements constitute forward-looking information within the definition of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from any forward-
Slide 5: Company Overview
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Slide 6: Corporate Structure and Operations
Corporate Structure and Operations • NBT Bancorp Inc. (NBTB) is a financial holding company – Headquartered in Norwich, NY – Approximately 1,650 employees – Established in 1986 in the state of Delaware • Primarily operates through one bank subsidiary and two financial services subsidiaries – NBT Ban
Slide 7: Corporate Structure and Operations
Corporate Structure and Operations • NBT Bank, N.A. (NBT) was established in 1856 – Second largest community bank headquartered in upstate New York – Two operating divisions • NBT Bank – 85 branches in 20 Upstate New York counties – 2 branches in Vermont • Pennstar Bank – 37 branches in 6 northeaste
Slide 8: Company Websites
Company Websites – www.nbtbancorp.com – www.nbtbank.com – www.pennstarbank.com – www.epic1st.com – www.manginsurance.com 8
Slide 9: Acquisition History (2000 - Present)
Acquisition History (2000 - Present) • 1 Wayne Bank Branch – Deposits Only (4/1/09) • Purchase of Mang Insurance Agency, LLC (9/1/08) • Purchase CNB Bancorp Inc. (2/10/06) • Purchase EPIC Advisors, Inc. (1/21/05) • 1 Alliance Bank Branch (6/20/03) • CNB Financial Corp. (11/8/01) • Mohawk Community B
Slide 10: Our Footprint
Our Footprint 10
Slide 11: Strategic Market Initiatives
Strategic Market Initiatives Continued Growth in Vermont Williston Branch Office 11 Opened January 2011
Slide 12: Market Growth
Market Growth Branches opened January 1, 2007 - Present Branch Location Year Region Williston 2011 Vermont Schenectady 2010 Capital Queensbury 2010 Glens Falls Burlington 2009 Vermont Glens Falls 2008 Glens Falls Johnson City 2008 Greater Binghamton South Glens Falls 2008 Glens Falls East Greenbush
Slide 13: Market Rank in Upstate New York Counties
Market Rank in Upstate New York Counties As of June 30, 2010 MARKET NUMBER OF COMPANY DEPOSITS DEPOSIT MARKET COUNTY RANK BRANCHES IN MARKET ($000) SHARE (%) Chenango 1 11 485,746 80.94 Fulton 1 7 367,069 51.15 Delaware 1 5 317,547 27.41 Otsego 2 9 290,326 27.13 Oneida 6 6 268,270 5.86 Broome 4 8 25
Slide 14: Market Rank in Pennsylvania Counties
Market Rank in Pennsylvania Counties As of June 30, 2010 COMPANY DEPOSIT NUMBER MARKET DEPOSITS MARKET COUNTY OF RANK IN MARKET SHARE BRANCHES ($000) (%) Lackawanna 7 14 357,955 6.77 Wayne 4 5 146,154 11.65 Susquehanna 3 6 146,120 21.51 Monroe 7 6 88,990 3.94 Luzerne 16 4 88,827 1.35 Pike 5 2 62,534
Slide 15: Market Rank in Vermont Counties
Market Rank in Vermont Counties As of June 30, 2010 COMPANY DEPOSIT NUMBER MARKET DEPOSITS MARKET COUNTY OF RANK IN MARKET SHARE BRANCHES ($000) (%) Chittenden 13 1 11,097 0.25 Williston branch opened in January 2011 not included in information shown above. 15
Slide 16: Market Rank by Community
Market Rank by Community As of June 30, 2010 % OF # OF # OF % OF COMMUNITIES NUMBER COMMUNITIES NUMBER OF COMMUNITIES COMMUNITIES WHERE NBT BANK OF WHERE NBT IS COMMUNITIES WHERE RANK WHERE RANK BANK IS ONLY OFFICES ONLY BANK IN IS 1 OR 2 IS 1 OR 2 BANK TOWN IN TOWN NBT Bank 86 69 25 36% 23 33% Penn
Slide 17: Our Peer Group
Our Peer Group NAME HQ CITY STATE TICKER Berkshire Hills Bancorp, Inc. Pittsfield MA BHLB Community Bank System, Inc. Dewitt NY CBU First Commonwealth Financial Corporation Indiana PA FCF F.N.B. Corporation Heritage PA FNB National Penn Bancshares, Inc. Boyertown PA NPBC Northwest Bancorp, Inc. Warr
Slide 18: Our Vision and Leadership
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Slide 19: Strategic Vision
Strategic Vision NBT Bancorp Inc. will strive to remain an independent community-oriented financial service provider positioned to take advantage of strategic growth opportunities. Stockholder value will be enhanced by profitably serving our markets and by offering our customers products and service
Slide 20: Strategic Initiatives
Strategic Initiatives • Deliver a consistently superior customer experience, our proven competitive advantage. • Recruit, develop, motivate and retain leadership talent to achieve individual and company success. • Sharpen our focus on organic growth, particularly in the area of core deposits. • Deve
Slide 21: Corporate Values
Corporate Values • Customer Service • Community Involvement • Empowerment • Teamwork • Continuous Improvement • Accountability • Integrity • Positive Attitude • Mutual Respect • Profitability • Open Communication 21
Slide 22: Our Executive Management Team
Our Executive Management Team Martin A. Dietrich* Catherine M. Scarlett President and Chief Executive Officer Executive Vice President and Director of Human Resource Michael J. Chewens* Senior Executive Vice President Joseph A. Stagliano Chief Financial Officer Executive Vice President and Chief Inf
Slide 23: Martin Dietrich
Martin Dietrich President and Chief Executive Officer NBT Bancorp Martin Dietrich is president and chief executive officer of NBT Bancorp. He is also a member of the company’s board of directors. Dietrich is a graduate of Colgate University in Hamilton, N.Y., where he earned a bachelor of arts degre
Slide 24: Michael Chewens
Michael Chewens Senior Executive Vice President and Chief Financial Officer NBT Bancorp Michael Chewens is senior executive vice president and chief financial officer for NBT Bancorp. Chewens graduated from the State University of New York at Oswego with a bachelor’s degree in accounting. He earned
Slide 25: David Raven
David Raven President of Retail Banking Pennstar Bank President and Chief Executive Officer David Raven is president of retail banking. He is also president and chief executive officer and member of the board of directors of Pennstar Bank. Raven joined NBT Bank in 1996 as vice president of sales and
Slide 26: Jeff Levy
Jeff Levy Executive Vice President and President of Commercial Banking NBT Bank Capital Region President Jeff Levy is executive vice president and president of commercial banking. He is also president of NBT Bank’s operations in the Capital Region. Levy joined NBT Bank in 2005 as president of the Ca
Slide 27: Catherine Scarlett
Catherine Scarlett Executive Vice President and Director of Human Resources NBT Bancorp Catherine Scarlett is executive vice president and director of human resources for NBT Bancorp. Scarlett joined NBT Bancorp in 2006. Before coming to NBT Bancorp, she was central New York regional director of hum
Slide 28: Joseph Stagliano
Joseph Stagliano Executive Vice President and Chief Information Officer NBT Bancorp Joseph Stagliano is executive vice president and chief information officer for NBT Bancorp. He oversees the company’s Information Processing Division. This division includes functions related to information technolog
Slide 29: Howard Atkinson
Howard Atkinson Executive Vice President, Risk Management NBT Bancorp Howard Atkinson is executive vice president of risk management for NBT Bancorp. He oversees the company’s audit, loan review, security and compliance areas, whose functions include identifying, assessing and monitoring risks to th
Slide 30: Sheldon Prentice
Sheldon Prentice Corporate Senior Vice President, General Counsel and Corporate Secretary, NBT Bancorp Sheldon Prentice is corporate senior vice president, general counsel and corporate secretary for NBT Bancorp. Prentice coordinates the company’s legal activities, manages external legal counsel, ov
Slide 31: Our Recent Key Director Additions
Our Recent Key Director Additions • New NBT Bancorp Inc. Directors • Former Vermont Governor James Douglas • Albany-area businessman Timothy Delaney • New NBT Bank, NA Directors • United Health Services CEO Matthew Salanger • Utica attorney Andrew Kowalcyzk 31
Slide 32: Ability to Attract Talent
Ability to Attract Talent Key Management Hires Name of Hire Position Experience F. Sheldon Prentice General Counsel & Corporate Secretary Merchants and Chittenden Bank Howard Atkinson Executive VP of Risk Management Chittenden Bank, Ernst & Young Matt Durkee Regional President of Vermont Operations
Slide 33: Why is NBTB a Good Investment?
Why is NBTB a Good Investment?
Slide 34: Why is NBTB a good investment?
Why is NBTB a good investment? 34
Slide 35: Why is NBTB a Good Investment?
Why is NBTB a Good Investment? • Community banking • Longevity/chemistry of philosophy Executive Management • Good credit quality Team • Focused strategic vision • Sustainable dividend • Superior customer service payout ratio • Long-term growth focus • Continued diversification of revenue sources •
Slide 36: Forbes.com: America's Best And Worst Banks
Forbes.com ) \ DECEMBER 20, 2010 | WWW.FORBES.COM America’s Best And Worst Banks Overall the sector is healthier, but many small banks are struggling. Forbes crunches the numbers to find the strongest and those on shaky ground. By Kurt Badenhausen America’s Best Banks* Overall Rank Company Total Ass
Slide 37: Bank Director Magazine
Bank Director Magazine In its first quarter 2010 issue, Bank Director magazine ranked NBT Bancorp 13th overall on measures of profitability, capital adequacy and asset quality. 37
Slide 38: First in Customer Satisfaction
First in Customer Satisfaction According to research conducted by the American Customer Satisfaction Index™ (ACSI) during the third quarter of 2010, we scored the highest rating in customer satisfaction versus the largest U.S. retail banks. 38
Slide 39: Addition to the S&P SmallCap 600
Addition to the S&P SmallCap 600 In March 2009, NBTB was added to the S&P SmallCap 600 index. According to S&P, the S&P SmallCap 600, introduced in 1994, is “fast becoming the preferred small-cap index in the U.S.” The index covers about 3% of the domestic equity market. 39
Slide 40: 2009 Capital Raise
2009 Capital Raise On March 26, 2009 a public offering was priced at $22.00/share and 1,576,230 shares were issued of NBTB stock. 40
Slide 41: www.nbtbancorp.com
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