NBT announces second highest annual earnings

NORWICH NBT Bancorp Inc. reported today net income per diluted share for the year ended Dec. 31 was $1.71 per share, as compared with $1.66 per share for the year ended Dec. 31, 2010.



Net income for the year ended Dec. 31, 2011 was $57.9 million, up $0.5 million, or 0.9 percent, from the year ended Dec. 31, 2010.

Net income per diluted share for the three months ended Dec. 31, 2011 was $0.41, as compared with $0.42 for the three months ended Dec. 31, 2010. Net income for the three months ended Dec. 31, 2011 was $13.7 million, down $0.7 million, or 4.9 percent, from $14.4 million for the fourth quarter last year.

Selected highlights for 2011 include:

Diluted earnings per share of $1.71 was the second highest in the history of the company.


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