NBT Bancorp (NBT Bancorp) Effective Interest Rate on Debt % : 39.00% (As of Mar. 2024)

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What is NBT Bancorp Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. NBT Bancorp's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $207.1 Mil. NBT Bancorp's average total debt for the quarter that ended in Mar. 2024 was $531.0 Mil. Therefore, NBT Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 39.00%.

NBT Bancorp Effective Interest Rate on Debt % Historical Data

The historical data trend for NBT Bancorp's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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NBT Bancorp Effective Interest Rate on Debt % Chart

NBT Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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6.00

6.02

7.88

4.78

23.21

NBT Bancorp Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															10.89	15.91	20.82	32.23	39.00

Competitive Comparison of NBT Bancorp's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, NBT Bancorp's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

NBT Bancorp's Effective Interest Rate on Debt % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, NBT Bancorp's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where NBT Bancorp's Effective Interest Rate on Debt % falls into.

NBT Bancorp Effective Interest Rate on Debt % Calculation

NBT Bancorp's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -144.57	/	( (701.938	+	543.736)	/ 2 )
=	-1 * -144.57	/	622.837
=	23.21 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	202.938	+	499
=	701.938

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	250.736	+	293
=	543.736

NBT Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -207.052	/	( (543.736	+	518.19)	/ 2 )
=	-1 * -207.052	/	530.963
=	39.00 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	250.736	+	293
=	543.736

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	251.056	+	267.134
=	518.19

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

NBT Bancorp (NAS:NBTB) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

NBT Bancorp Effective Interest Rate on Debt % Related Terms

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NBT Bancorp (NBT Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » NBT Bancorp Inc (NAS:NBTB) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

52 South Broad Street, Norwich, NY, USA, 13815

Website

https://www.nbtbancorp.com

NBT Bancorp Inc is a financial holding company that operates through its subsidiaries. The company's principal sources of revenue include management fees and dividends it receives through its subsidiaries. NBT Bank is a full-service community bank offering a full range of retail and commercial banking products, as well as trust and investment services. Loans products include consumer loans, home equity loans, mortgages, business banking loans, and commercial loans. Nearly half of its loan portfolio is in commercial loans. The bank serves individuals, corporations, and municipalities, and operates scores of locations throughout the states of New York, Pennsylvania, Vermont, Massachusetts, New Hampshire, and Maine.

Executives

Jason David Brown	director	52 SOUTH BROAD STREET, NORWICH NY 13815
Cantele Richard J Jr	officer: EVP/Strategic Integration
Amy Wiles	officer: EVP, Chief Risk and Credit	52 SOUTH BROAD STREET, NORWICH NY 13815
Timothy E Delaney	director	52 SOUTH BROAD STREET, NORWICH NY 13815
Scott Allen Kingsley	officer: EVP & Chief Financial Officer	8365 GLEN EAGLE DRIVE, MANLIUS NY 13104
Heidi M Hoeller	director	52 SOUTH BROAD STREET, NORWICH NY 13815
Shaunastar Hyle	officer: EVP, Consumer Lending	52 SOUTH BROAD STREET, NORWICH NY 13815
Cynthia A Smaniotto	officer: SVP, Chief HR Officer	52 SOUTH BROAD STREET, NORWICH NY 13815
Martin Randolph Sparks	officer: EVP,General Counsel,Secretary	52 SOUTH BROAD STREET, NORWICH NY 13815
Martin A Dietrich	director, other: Chairman, NBT Bancorp	52 SOUTH BROAD STREET, NORWICH NY 13815
Ruth H Mahoney	officer: EVP/President of Wealth Mgmt	52 SOUTH BROAD STREET, NORWICH NY 13815
Matthew K Durkee	officer: EVP / President of New England	52 SOUTH BROAD STREET, NORWICH NY 13815
Jack H Webb	officer: EVP - Strategic Support	C/O NBT BANCORP INC., 52 SOUTH BROAD STREET, NORWICH NY 13815
Johanna R Ames	director	52 SOUTH BROAD STREET, NORWICH NY 13815
Robinson V Daniel Ii	director	52 SOUTH BROAD STREET, NORWICH NY 13815