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Dec 31, 2021
NBT Q4 2021 Earnings Report
NBT reported an increase in net income and diluted earnings per share for Q4 2021.
Key Takeaways
NBT Bancorp Inc. reported a net income of $37.3 million, or $0.86 per diluted common share, for the three months ended December 31, 2021. This represents an increase of $3.1 million from the fourth quarter of 2020, driven by higher net interest income and noninterest income, partially offset by a higher provision for loan losses.
Net income of $37.3 million
Diluted earnings per share of $0.86
Net interest income on a fully taxable equivalent basis was $85.5 million
Net interest margin on a fully taxable equivalent basis was 3.08%
NBT
NBT
Forward Guidance
The Company purchased 204,637 shares of common stock during the fourth quarter of 2021 at a weighted average price of $37.29 excluding commissions. The repurchase program under which these shares were purchased expired on December 31, 2021.