NBT Bancorp reports Q4 EPS 76c, consensus 76c

Reports Total noninterest income, excluding securities gains or losses, was $42.2M for the three months ended December 31 down $3.1M , or 6.8%, from the seasonally high third quarter of 2024, and up $4.2M, or 11.1%, from the fourth quarter of 2023.”Three consecutive quarters of growth in net interest income and margin along with continued strong results from our diverse mix of fee businesses drove NBT’s operating performance in the fourth quarter of 2024,” said NBT President and Chief Executive Officer Scott A. Kingsley. “In addition, we were pleased to receive regulatory approval during the fourth quarter to complete our planned merger with Evans Bancorp, Inc. Evans shareholders also demonstrated strong support for the partnership with the vote to approve the transaction in December. We continue to expect the merger to close in the second quarter of 2025 in conjunction with the core system conversion, and team members from NBT and Evans are working closely to plan a smooth transition for the customers and communities we will serve together in the Buffalo and Rochester markets.”