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Mar 31, 2024
NBT Q1 2024 Earnings Report
NBT Bancorp reported solid results for the quarter, driven by growth in fee-based businesses, despite challenges from the interest rate environment.
Key Takeaways
NBT Bancorp Inc. reported a net income of $33.8 million, or $0.71 per diluted common share, for the three months ended March 31, 2024. The company's fee-based businesses grew, contributing 31% of total revenues. Total deposits increased by $226.3 million, and total loans increased by $37.4 million.
Net income was $33.8 million, with diluted earnings per share at $0.71.
Net interest income on a fully taxable equivalent basis was $95.8 million.
Total deposits increased by $226.3 million to $11.20 billion.
Period end total loans were $9.69 billion, an increase of $37.4 million from the previous quarter.
Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the document.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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