NORWICH – NBT First Quarter highlights:

Net Income up 12.1%

Diluted earnings per share up 11.9%

Average demand deposits up 2.2%

FTE net interest margin of 3.64%

NORWICH – NBT reported net income and earnings per share for the last three months before March 31 this week.

Net income for the three months was $29.1 million, up 1.7 percent from $28.7 million for the fourth quarter of 2018 and up 12.1 percent from $26 million for the first quarter of 2018.

Diluted earnings per share for the three months was $0.66, as compared with $0.65 for the prior quarter, an increase of 1.5 percent, and $0.59 for the first quarter of 2018, an increase of 11.9 percent.

NBT Bancorp Inc. is a financial holding company headquartered in Norwich., with total assets of $9.5 billion. The company primarily operates through NBT Bank and through two financial services companies. NBT has 149 banking locations in New York, Pennsylvania, Vermont, Massachusetts, New Hampshire and Maine.

“In the first quarter of 2019, we achieved double-digit year-over-year earnings growth with net income and earnings per share up 12% over first quarter 2018. In addition, we continued to build our tangible capital which increases our ability to be opportunistic in executing on our long-term growth strategies,” said NBT President and CEO John H. Watt, Jr.