NBT Bancorp Inc. (NBTB: Quote), a financial holding company, Monday said its first-quarter profit declined 5 percent to $13.7 million from $14.3 million in the year-ago quarter. On a per share basis, earnings were $0.41, flat with last year.
On average, four analysts polled by Thomson Reuters expected the company to earn $0.40 per share for the first quarter. Analysts' estimates typically exclude special items.
Net-interest income increased slightly to $49.4 million from $49.3 million last year. Non-interest income for the period was $23.1 million, up 14.6 percent from $20.1 million last year.
Net-interest margin was 3.90 percent, down 21 basis points from 4.11 percent last year.
Click here to receive FREE breaking news email alerts for NBT Bancorp Inc. and others in your portfolio
by RTT Staff Writer
For comments and feedback: firstname.lastname@example.org