NBT Bancorp (NBTB) Raises Quarterly Dividend 7.1% to $0.30; 3% Yield

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Go back to NBT Bancorp (NBTB) Raises Quarterly Dividend 7.1% to $0.30; 3% Yield

NBT Bancorp Inc. Announces Second Quarter Net Income of $37.8 Million ($0.88 Per Diluted Common Share); Approves a 7.1% Dividend Increase

July 25, 2022 4:15 PM EDT

NORWICH, N.Y., July 25, 2022 (GLOBE NEWSWIRE) -- NBT Bancorp Inc. (NBT or the Company) (NASDAQ: NBTB) reported net income and diluted earnings per share for the three and six months ended June 30, 2022.

Net income for the three months ended June 30, 2022 was $37.8 million, or $0.88 per diluted common share, compared to $40.3 million, or $0.92 per diluted share, in the second quarter of 2021 and $39.1 million, or $0.90 per diluted share in the first quarter of 2022. Net interest income recognized in the second quarter of 2022 from the Paycheck Protection Program (PPP) was approximately $1.3 million ($0.02 per diluted share),... More