NBT announces net income of $20 million for third quarter; declares cash dividend

NORWICH – NBT Bancorp Inc. (NBT) (NASDAQ: NBTB) recently reported that their net income for the third quarter ending September 30, 2016 was $20.0 million, up from $19.9 million for the second quarter of 2016 and the third quarter of 2015. Diluted earnings per share in the third quarter was $0.46 as compared with $0.46 in the second quarter and $0.45 for the third quarter of 2015. Third quarter 2016 highlights included year to date annualized loan growth of 6.3%, and a 10.3% increase in average demand deposits for the nine months ending September 30, 2016 from the same period in 2015.

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