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Jun 30, 2024
NBT Q2 2024 Earnings Report
NBT Bancorp Inc. reported net income of $32.7 million and EPS of $0.69 for Q2 2024, with loan growth and a dividend increase approved.
Key Takeaways
NBT Bancorp Inc. reported a net income of $32.7 million, or $0.69 per diluted share, for the second quarter of 2024. The company experienced loan growth of $166 million, an increase in net interest margin, and a record level of noninterest income. The Board of Directors approved a 6.3% increase in the quarterly cash dividend.
Net income reached $32.7 million, with diluted earnings per share at $0.69.
Total loans increased by $166 million, reflecting growth across the company's footprint.
Noninterest income reached a record level of $43.3 million, representing 31% of total revenues.
The Board of Directors approved a 6.3% increase in the quarterly cash dividend to $0.34 per share.
Revenue by Segment
Forward Guidance
The press release does not contain any forward guidance.
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Avg. Return Before/After Earnings
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