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

NBT Bancorp

24/04/2023 23:15

* NBT Bancorp Inc  NBTB.OQ  reported quarterly adjusted
earnings
of 77 cents​​ per share for the quarter ended in March. The mean
expectation of five analysts for the quarter was for earnings of
85 cents per share.
    * Revenue rose 2.8% to $126.48 million from a year ago;
analysts
expected $134.12 million. 
    * NBT Bancorp Inc's reported EPS for the quarter was 78
cents​.
    * The mean earnings estimate of analysts had fallen by
about 7.5%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * NBT Bancorp Inc shares had fallen by 1.6% this quarter and
lost 23.6% so far this year.
    * The company reported quarterly net income of $33.66
million.
    * Wall Street's median 12-month price target for NBT Bancorp
Inc
is $41.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
April 24 at 10:15 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.85           0.77           Missed
 Dec. 31 2022      0.93           0.82           Missed
 Sep. 30 2022      0.88           0.90           Beat
 Jun. 30 2022      0.84           0.88           Beat