NBT Bancorp Inc reports results for the quarter ended in September 30 - Earnings Summary

NBT Bancorp

29/10/2024 02:31

* NBT Bancorp Inc  NBTB.OQ  reported quarterly adjusted
earnings
of 80 cents​​ per share for the quarter ended September 30,
lower than the same quarter last year, when the company reported
EPS of 84 cents.  The mean expectation of four analysts for the
quarter was for earnings of 78 cents per share. Wall Street
expected results to range from 76 cents to 80 cents per share.
    * Revenue fell 13.4% to $117.08 million from a year ago;
analysts
expected $145.44 million. 
    * NBT Bancorp Inc's reported EPS for the quarter was 80
cents​.
    * The company reported quarterly net income of $38.1
million.
    * NBT Bancorp Inc shares had fallen by 1.5% this quarter and
gained 4.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1% 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 1 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
 "hold."

Wall Street's median 12-month price target for NBT Bancorp Inc
is $48.25 
This summary was machine generated from LSEG data October 29 at
02:30 a.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
 Sep. 30 2024      0.78           0.80           Beat
 Jun. 30 2024      0.69           0.69           Met
 Mar. 31 2024      0.68           0.68           Met
 Dec. 31 2023      0.75           0.72           Missed