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

NBT Bancorp

22/04/2024 22:49

* NBT Bancorp Inc  NBTB.OQ  reported quarterly adjusted
earnings
of 68 cents​​ per share for the quarter ended in March, lower
than the same quarter last year, when the company reported EPS
of 88 cents.  The mean expectation of six analysts for the
quarter was for earnings of 68 cents per share. Wall Street
expected results to range from 62 cents to 71 cents per share.
    * Revenue rose 11.1% to $140.57 million from a year ago;
analysts
expected $135.33 million. 
    * NBT Bancorp Inc's reported EPS for the quarter was 71
cents​.
    * The company reported quarterly net income of $33.82
million.
    * NBT Bancorp Inc shares had fallen by 5.6% this quarter and
lost 17.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 8.9%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for NBT Bancorp
Inc
is $41.50 

This summary was machine generated from LSEG data April 22 at
09:49 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
 Mar. 31 2024      0.68           0.68           Met
 Dec. 31 2023      0.75           0.72           Missed
 Sep. 30 2023      0.70           0.84           Beat
 Jun. 30 2023      0.77           0.80           Beat