NBT Bancorp (NBTB) Raises Quarterly Dividend 3.7% to $0.28; 3% Yield

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Go back to NBT Bancorp (NBTB) Raises Quarterly Dividend 3.7% to $0.28; 3% Yield

NBT Bancorp Inc. Announces Third Quarter Net Income of $37.4 Million ($0.86 per Diluted Common Share); Approves Dividend

October 26, 2021 4:15 PM EDT

NORWICH, N.Y., Oct. 26, 2021 (GLOBE NEWSWIRE) -- NBT Bancorp Inc. (NBT or the Company) (NASDAQ: NBTB) reported net income and diluted earnings per share for the three and nine months ended September 30, 2021.

Net income for the three months ended September 30, 2021 was $37.4 million, or $0.86 per diluted common share. 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. The third quarter 2020 provision for loan losses was $3.3 million compared to the third quarter 2021 provision release of $3.3 million. Net... More