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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.
NBT
NBT
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.