NBT Bank posts net income of $32.4 million
NBT Bancorp Inc., NBT Bank's holding company, reported net income of $32.4 million for the third quarter of 2019, a 6.0 percent increase from the second quarter, and an 8.6 percent increase from the third quarter of 2018. Diluted earnings per share for the three months ending Sept. 30 was 73 cents, a 5.8 percent increase from the previous quarter, and an increase of 7.4 cents year-to-year.
Net income for the nine months ending Sept. 30 was $92.1 million, up 9.7 percent from $83.9 million for the same period last year. Diluted earnings per share for those same nine months was $2.09, compared with $1.91 for the same period in 2018, an increase of 9.4 percent. Based in Norwich, N.Y., NBT Bank operates five branches in Berkshire County.
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