NBT Bancorp Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 24, 2023 at 04:15 pm EDT
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NBT Bancorp Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 94.9 million compared to USD 94.48 million a year ago. Net income was USD 24.61 million compared to USD 38.97 million a year ago. Basic earnings per share from continuing operations was USD 0.54 compared to USD 0.91 a year ago. Diluted earnings per share from continuing operations was USD 0.54 compared to USD 0.9 a year ago.
For the nine months, net interest income was USD 279.05 million compared to USD 262.41 million a year ago. Net income was USD 88.34 million compared to USD 115.87 million a year ago. Basic earnings per share from continuing operations was USD 2.02 compared to USD 2.7 a year ago. Diluted earnings per share from continuing operations was USD 2.01 compared to USD 2.68 a year ago.
NBT Bancorp Inc. is a financial holding company. The Company primarily operates through NBT Bank, N.A. (the Bank), a full-service community bank, and through two financial services companies. The Bank provides a range of financial products to individuals, corporations and municipalities throughout upstate New York, northeastern Pennsylvania, southern New Hampshire, western Massachusetts, Vermont, southern Maine and central and northwestern Connecticut. Through its network of branch locations, the Bank offers a range of products and services tailored to individuals, businesses and municipalities. Deposit products offered by the Bank include demand deposit accounts, savings accounts, negotiable order of withdrawal (NOW) accounts, and certificate of deposit (CD) accounts. It operates EPIC Advisors, Inc., which is a national benefits administration firm. It operates NBT Insurance Agency, LLC, which is a full-service insurance agency. The Bank has approximately 153 branch locations.
NBT BANCORP INC. 
