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

NBT Bancorp

01/08/2023 17:29

* NBT Bancorp Inc  NBTB.OQ  reported quarterly adjusted
earnings
of 80 cents​​ per share for the quarter ended in June. The mean
expectation of six analysts for the quarter was for earnings of
77 cents per share.
    * Revenue fell 26.3% to $95.29 million from a year ago;
analysts
expected $126.16 million. 
    * NBT Bancorp Inc's reported EPS for the quarter was 70
cents​.
    * The mean earnings estimate of analysts had fallen by
about 4.3%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * NBT Bancorp Inc shares had risen by 16.8% this quarter and
lost 14.3% so far this year.
    * The company reported quarterly net income of $30.07
million.
    * Wall Street's median 12-month price target for NBT Bancorp
Inc
is $36.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 1 at 04:29 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.77           0.80           Beat
 Mar. 31 2023      0.85           0.88           Beat
 Dec. 31 2022      0.93           0.86           Missed
 Sep. 30 2022      0.88           0.90           Beat