NBT Bancorp jumps as loan growth beats estimates

NBT Bancorp

23/07/2024 17:25

** Shares of NBT Bancorp  NBTB.O  rise as much as 9%
to hit a record high; last up 6.2%
    ** Late on Monday, the bank reported it had grown loans to
$9.73 bln in Q2, higher than analysts' expectations of $9.71
bln, according to LSEG
    ** The growth was driven by commercial real estate and
commercial and industrial loans
    ** Profit of 69 cents/shr was in line with expectations
    ** YTD, stock has jumped 9.5% as of Monday's close

 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com))