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Jun 30, 2020
NBT Q2 2020 Earnings Report
NBT reported net income of $24.7 million and diluted earnings per share of $0.56.
Key Takeaways
NBT Bancorp Inc. reported a net income of $24.7 million, or $0.56 per diluted common share, for the second quarter of 2020. The results were up from the previous quarter but down compared to the second quarter of 2019, influenced by factors such as lower loan loss provision, noninterest expense, and higher provision for loan losses due to the COVID-19 pandemic.
Net income was $24.7 million.
Diluted earnings per share was $0.56.
Net interest income on a fully taxable equivalent basis was $80.8 million.
Net interest margin on a fully taxable equivalent basis was 3.38%.