NORWICH NBT Bancorp, Inc. has reported that net income for the three months ending June 30, 2010 was $14.4 million, up 24.8 percent from the same quarter last year. Net income per diluted share rose from $0.34 to $ 0.42 for the second quarter from the same period in 2009.
We are very pleased with our financial performance during the second quarter of 2010. Especially encouraging is our nearly 25% gain in net income from the same quarter last year, reported NBT President and CEO Martin Dietrich in a statement issued Monday. We are also encouraged by the continuing improvement in our asset quality.