NBT Bancorp Inc. Announces Quarterly Earnings Of $14.5M
Published: October 24th, 2006

NORWICH – NBT Bancorp Inc. reported today net income for the quarter that ended Sept. 30, 2006 was $14.5 million, up 7.5 percent or $1.0 million from net income of $13.5 million reported for the same period in 2005.

Net income per diluted share for the three months ended Sept. 30 was $0.43 per share, compared with $0.41 per share for the same period in 2005. Return on average assets and return on average equity were 1.15% and 14.89%, respectively, for the quarter ended Sept. 30, compared with 1.23% and 16.06% respectively, for the same period in 2005. The increase in net income for the quarter ended Sept. 30, was primarily the result of a $1.0 million increase in net interest income and a $2.2 million increase in noninterest income.

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