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Sep 30, 2021
NBT Q3 2021 Earnings Report
Reported net income of $37.4 million and diluted earnings per share of $0.86.
Key Takeaways
NBT Bancorp Inc. reported a net income of $37.4 million, or $0.86 per diluted common share, for the third quarter ended September 30, 2021. Net income increased $2.3 million from the third quarter of 2020, primarily due to changes in the estimated impact of the COVID-19 pandemic on expected credit losses.
Net income for the third quarter of 2021 was $37.4 million.
Diluted earnings per share were $0.86.
Net interest income on a fully taxable equivalent basis was $78.0 million.
Period end total loans were $7.6 billion, up 1%, annualized, from December 31, 2020.
Forward Guidance
The Board of Directors approved a fourth-quarter cash dividend of $0.28 per share, an increase of 3.7% from the amount paid in the fourth quarter of 2020. The dividend will be paid on December 15, 2021, to shareholders of record as of December 1, 2021.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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