NBT Bancorp Inc. reported net income of $36.7 million, or $0.77 per diluted common share, for the first quarter ended March 31, 2025. This represents an increase from $33.8 million, or $0.71 per diluted common share, in the first quarter of 2024. Operating diluted earnings per share for Q1 2025 was $0.80.
President and CEO Scott A. Kingsley noted that growth in both net interest income and noninterest income contributed to the generation of positive operating leverage in the first quarter of 2025. The company's capital position remains a key strength supporting strategic growth initiatives.
NBT Bancorp recently added new banking locations in South Burlington, VT, and Webster, NY, expanding its physical presence. The company also anticipates completing its planned merger with Evans Bancorp, Inc. in early May, which will add over 200 experienced bankers and 18 locations in the Buffalo and Rochester markets.
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