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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.
NBT
NBT
NBT Revenue by Segment
Revenue by Segment
Deposit Account Fees Revenue
CapyFin.comCard Services Revenue
CapyFin.comRetirement Admin Fees Revenue
CapyFin.comWealth Management Revenue
CapyFin.comInsurance Services Revenue
CapyFin.comBOLI Income Revenue
CapyFin.comOther Income Revenue
CapyFin.com Forward Guidance
The press release does not contain any forward guidance.