NBT Bancorp Inc reports results for the quarter ended in January - Earnings Summary

NBT Bancorp

22/07/2024 22:21

* NBT Bancorp Inc  NBTB.OQ  reported quarterly adjusted
earnings
of 69 cents​​ per share for the quarter ended in January, lower
than the same quarter last year, when the company reported EPS
of 80 cents.  The mean expectation of four analysts for the
quarter was for earnings of 69 cents per share. Wall Street
expected results to range from 66 cents to 70 cents per share.
    * Revenue fell 4.9% to $111.72 million from a year ago;
analysts
expected $139.24 million. 
    * NBT Bancorp Inc's reported EPS for the quarter was 69
cents​.
    * The company reported quarterly net income of $32.72
million.
    * NBT Bancorp Inc shares had risen by 17.2% this quarter and
gained 7.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for NBT Bancorp Inc
is $41.00 
This summary was machine generated from LSEG data July 22 at
09:21 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.69           0.69           Met
 Mar. 31 2024      0.68           0.68           Met
 Dec. 31 2023      0.75           0.72           Missed
 Sep. 30 2023      0.70           0.84           Beat