NBT Bancorp (NASDAQ:NBTB) Announces Earnings Results, Beats Estimates By $0.02 EPS

NBT Bancorp (NASDAQ:NBTB) posted its quarterly earnings results on Tuesday. The bank reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.02, FiscalAI reports. The company had revenue of $195.03 million during the quarter, compared to analyst estimates of $193.83 million.

NBT Bancorp Trading Down 0.5%

NBT Bancorp stock opened at $52.89 on Wednesday. NBT Bancorp has a 12-month low of $39.44 and a 12-month high of $54.50. The business’s 50-day moving average price is $51.34 and its two-hundred day moving average price is $47.54.

Trending Headlines about NBT Bancorp

Here are the key news stories impacting NBT Bancorp this week:

• Positive Sentiment: NBT Bancorp reported third-quarter adjusted earnings of $1.11 per diluted share, beating the $1.09 consensus estimate and rising from $1.05 a year earlier. Revenue of $195.03 million also exceeded the $193.83 million estimate. NBT Bancorp Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Net income reached a record $58.0 million, up from $54.5 million in the prior-year quarter. Net interest income increased to $142.1 million, while the net interest margin improved five basis points sequentially to 3.78%, indicating stronger core banking profitability. NBT Bancorp Announces Record Third Quarter Results
• Positive Sentiment: The board declared a quarterly cash dividend of $0.40 per share, payable December 15 to shareholders of record December 1. The dividend supports the stock’s income appeal and signals continued capital-return capacity. NBT Bancorp Declares Dividend
• Neutral Sentiment: Loan balances were $11.95 billion and deposits were $13.59 billion at quarter-end. NBT Bancorp also repurchased approximately $1.0 million of stock during the quarter, modestly supporting per-share value.
• Negative Sentiment: Recent disclosed insider activity showed multiple executives selling shares and no reported insider purchases over the past six months. While these transactions may reflect personal liquidity needs, the absence of insider buying can be viewed cautiously after the stock’s strong advance.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Keefe, Bruyette & Woods restated a “hold” rating and issued a $54.00 target price (up from $52.00) on shares of NBT Bancorp in a research report on Monday, August 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of NBT Bancorp in a research report on Monday, October 19th. Stephens cut shares of NBT Bancorp from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $52.00 to $55.00 in a research note on Thursday, July 30th. Wall Street Zen upgraded shares of NBT Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, September 12th. Finally, DA Davidson boosted their price objective on shares of NBT Bancorp from $52.00 to $59.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $54.10.

NBT Bancorp Company Profile

NBT Bancorp Inc is the bank holding company for NBT Bank, a community banking institution headquartered in Norwich, New York. Through NBT Bank and its subsidiaries, the company provides banking, lending, investment, insurance and financial services to consumers, businesses, nonprofit organizations and municipalities.

NBT Bank offers checking and savings accounts, certificates of deposit, residential and commercial mortgages, consumer loans, business lending, cash-management services and agricultural financing.