NBT Bancorp (NBTB) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS
NBT Bancorp (NASDAQ:NBTB) issued its quarterly earnings data on Monday. The bank reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.02, Fidelity Earnings reports. The business had revenue of $110.91 million during the quarter, compared to the consensus estimate of $110.87 million. NBT Bancorp had a return on equity of 10.30% and a net margin of 20.92%. The business’s revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.52 earnings per share.
Shares of NASDAQ:NBTB opened at $36.32 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.85 and a current ratio of 0.85. NBT Bancorp has a 12-month low of $34.05 and a 12-month high of $41.88. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 18.44 and a beta of 0.86.
In other NBT Bancorp news, EVP Joseph R. Stagliano sold 5,500 shares of the business’s stock in a transaction on Thursday, July 26th. The shares were sold at an average price of $41.45, for a total transaction of $227,975.00. Following the sale, the executive vice president now directly owns 59,737 shares of the company’s stock, valued at approximately $2,476,098.65. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Sarah A. Halliday bought 850 shares of the business’s stock in a transaction on Friday, August 10th. The shares were purchased at an average cost of $39.18 per share, for a total transaction of $33,303.00. Following the completion of the purchase, the executive vice president now owns 5,712 shares in the company, valued at $223,796.16. The disclosure for this purchase can be found here. 3.23% of the stock is owned by insiders.
NBT Bancorp Company Profile
NBT Bancorp Inc, a financial holding company, provides commercial banking, retail banking, and wealth management services. Its deposit products include demand deposit, savings, negotiable order of withdrawal, money market deposit, and certificate of deposit accounts. The company's loan portfolio comprises commercial, commercial real estate, agricultural, agricultural real estate, and business banking loans; consumer loans, such as indirect, home equity, and direct loans; and residential real estate mortgages, as well as real estate construction and development loans.
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