NBT Bancorp Q2 operating EPS rises

NBT Bancorp

28/07/2025 21:27

Overview

NBT Bancorp Q2 net income falls to $22.5 mln, down from $32.7 mln last year

Operating EPS for Q2 rises 28% yr/yr to $0.88, driven by Evans acquisition

Company acquired Evans Bancorp, adding $1.67 bln in loans, $1.86 bln in deposits

Result Drivers

EVANS ACQUISITION - Acquisition added $1.67 bln in loans and $1.86 bln in deposits, boosting operating EPS

NET INTEREST MARGIN - Improved due to higher earning asset yields and acquisition-related net accretion

LOAN LOSS PROVISION - Increased provision for loan losses due to acquisition-related factors and economic forecast deterioration

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
$0.44
Q2 Net Income
$22.50 mln
Q2 Net Interest Income
$124.20 mln
Q2 Net Interest Margin
3.6%
Q2 Net Loan Losses
-$13 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for NBT Bancorp Inc is $50.00, about 17.2% above its July 25 closing price of $41.38

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nGNX3NQWnV

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)