NBT Bancorp Inc. (NASDAQ:NBTB) Q4 2023 Earnings Call Transcript

Alexander Twerdahl: Got it. And then just last one for me just remaining outlook for the Springstone wind down in terms of charge-offs. Has that portfolio gets lower, should charge-offs go down, do you think this day in that $2.5 million to $3 million a quarter range they have been for the last year or so?

Scott Kingsley: I think we probably expect a couple more quarters than similar to what we incurred in the fourth quarter. But you are right, as the asset numbers go down, hopefully, the amount of things that we end up charging off keeps coming down with it. Needless to say, you are at the back end or at the tail end of that portfolio. So people that have not extinguished their instruments, are probably have some additional credit constraints that maybe some of our broad section customers do not have. So we think by the time we get to the end of the year that will be a subject matter. We are not spending a lot of time talking about anyways.

Alexander Twerdahl: Great. Thanks for taking my questions.

John Watt: Thanks, Alex.

Operator: Thank you. And I am not showing any further questions at this time. I will turn the call back over to Mr. John Watt for closing remarks.

John Watt: Thank you, Norma, and thank you all for your interest in NBT and we appreciate the opportunity to talk about our story in 2023, 4Q and going forward. Look forward to having the same opportunity in April. Please all have a good day. Thanks.

Operator: This concludes today’s conference call. Thank you for your participation. You may now disconnect. Everyone have a wonderful day.