NBT Bancorp Inc. reported net income of $22.5 million, or $0.44 per diluted common share, for the second quarter ended June 30, 2025. This compares to $32.7 million, or $0.69 per diluted common share, for the second quarter of 2024. Operating diluted earnings per share, a non-GAAP measure, was $0.88 for Q2 2025, an increase from $0.69 in Q2 2024.
The company completed the acquisition of Evans Bancorp, Inc. on May 2, 2025, which added 200 employees, 18 banking locations, $1.67 billion in loans, and $1.86 billion in deposits. NBT issued 5.1 million shares of common stock, valued at $221.8 million, in connection with the transaction. The comparisons to prior periods are significantly impacted by this acquisition.
President and CEO Scott Kingsley stated that continued improvement in net interest margin results and the additive impact of the Evans merger drove the second quarter operating earnings per share. The Board of Directors also approved an 8.8% increase in the quarterly cash dividend to $0.37 per share, marking the thirteenth consecutive year of dividend increases.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.