Business News • MarketWire • NBT Bancorp Inc. Announces Year-to-Date Net Income of $43.0 Million, Up 12.5% From Last Year; Declares Cash Dividend |
NBT Bancorp Inc. Announces Year-to-Date Net Income of $43.0 Million, Up 12.5% From Last Year; Declares Cash Dividend |
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NBT Bancorp Inc. Announces Year-to-Date Net Income of $43.0 Million, Up 12.5% From Last Year; Declares Cash Dividend
NORWICH, NY--(Marketwire - October 25, 2010) - NBT Bancorp Inc. (NBT) (NASDAQ: NBTB) reported
today net income per diluted share for the nine months ended September 30,
2010 was $1.25 per share, as compared with $1.13 per share for the nine
months ended September 30, 2009. Annualized return on average assets and
return on average equity were 1.05% and 11.01%, respectively, for the nine
months ended September 30, 2010, compared with 0.95% and 10.89%,
respectively, for the nine months ended September 30, 2009. Net interest
margin (on a fully taxable equivalent basis ("FTE")) was 4.17% for the nine
months ended September 30, 2010, up 17 basis points ("bp") from 4.00% for
the nine months ended September 30, 2009. Net income for the nine months
ended September 30, 2010 was $43.0 million, up $4.8 million, or 12.5%, from
the nine months ended September 30, 2009.
View More : http://www.marketwire.com/mw/release.do?id=1340985&sourceType=3
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