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Mar 31, 2023
NBT Q1 2023 Earnings Report
NBT Bancorp Inc. reported a net income of $33.7 million and diluted earnings per share of $0.78 for Q1 2023.
Key Takeaways
NBT Bancorp Inc. reported a net income of $33.7 million, or $0.78 per diluted common share, for the three months ended March 31, 2023. Excluding the impact of securities losses and acquisition expenses, the Company generated $0.88 per diluted share of earnings in the first quarter of 2023.
Net income was $33.7 million.
Diluted earnings per share was $0.78.
Net interest income on a fully taxable equivalent basis was $95.5 million.
Period end total loans of $8.26 billion at March 31, 2023, up $114.4 million, or 1.4%, from December 31, 2022
Forward Guidance
The merger with Salisbury is expected to close late in the second quarter, subject to customary closing conditions, including receipt of required regulatory approvals
Historical Earnings Impact
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Avg. Return Before/After Earnings
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