NBT Bancorp Inc. reported net income of $36.0 million, or $0.76 per diluted common share, for the fourth quarter ended December 31, 2024. This compares to $30.4 million, or $0.64 per diluted common share, for the fourth quarter of 2023. Operating diluted earnings per share for Q4 2024 was $0.77.
For the full year ended December 31, 2024, net income was $140.6 million, or $2.97 per diluted common share, an increase from $118.8 million, or $2.65 per diluted common share, in the prior year. President and CEO Scott A. Kingsley highlighted three consecutive quarters of growth in net interest income and margin, alongside strong results from fee businesses, as drivers of performance.
The company also reiterated that it received regulatory and shareholder approvals for the Evans Bancorp merger during the fourth quarter. The merger is still expected to close in the second quarter of 2025, in conjunction with the core system conversion. NBT Bancorp's total assets were $13.79 billion at December 31, 2024.
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