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.

“Our performance through the third quarter of 2016 remained strong,” said NBT Chairman, President and CEO Martin Dietrich. “We continue to focus on the fundamentals of banking, providing our customers with products and services that meet their needs in a responsible manner.

“We continue to experience good growth across all major markets, with our New England franchise showing the strongest growth,” Dietrich continued. “We also expanded our financial services offerings in August with the acquisition of Actuarial Designs & Solutions, Inc., a retirement plan services company in Scarborough, Maine; this addition also enhances our growing presence in New England.”