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NBT Bancorp (NBTB)
NASDAQ:NBTB
Earnings Data
Report Date
Jul 28, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.81Last Year’s EPS
0.69Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Apr 24, 2025
|% Change Since: -0.14%
|Next Earnings Date:Jul 28, 2025
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook with improvements in net interest margin, tangible book value, and non-interest income growth. However, there were concerns about a commercial real estate loan write-down and potential delays in CHIPS Act-related projects. The successful integration with Evans Bancorp is seen as a significant positive development.Company Guidance
During the first quarter of 2025, NBT Bancorp Inc. reported notable financial metrics, reflecting a solid operating performance. The operating return on assets was 1.11%, and the return on equity stood at 10%, with a return on tangible common equity (ROTCE) of 14%, illustrating positive operating leverage. The net interest margin improved for the fourth consecutive quarter, rising by ten basis points to 3.44%, primarily due to reduced costs of interest-bearing deposits. Non-interest income contributed significantly, accounting for 31% of total revenues, with a 12.7% increase in fee income compared to the previous quarter. NBT also reported net income of $36.7 million, or $0.77 per share, with operating earnings per share at $0.80, marking a $0.03 increase from the prior quarter. The tangible book value per share reached an all-time high of $24.74. Total deposits increased by $162 million to $11.7 billion, benefiting from seasonal municipal deposits, while the loan portfolio saw a growth of $40 million. The company continued its strategic expansion with the upcoming merger of Evans Bancorp, adding to its market presence in upstate New York.Improved Net Interest Margin
The net interest margin increased by ten basis points to 3.44% from the linked fourth quarter, primarily driven by the decrease in the cost of interest-bearing deposits.
Record Tangible Book Value Per Share
Tangible book value per share of $24.74 as of March 31st was up $0.86 per share from the end of the fourth quarter of 2024, marking another all-time high for NBT.
Strong Non-Interest Income Growth
Non-interest income made up 31% of total revenues for the quarter, with fee income at $47.6 million, an increase of 12.7% compared to the linked fourth quarter.
Successful Integration Progress with Evans Bancorp
The merger with Evans Bancorp is on track, with the core systems conversion set to complete next weekend. This will add over 200 Evans employees and more than 40,000 customers to NBT.
Increased Revenues
Revenues were up 4.4% from the prior quarter and almost 12% from the first quarter of the prior year, driven by improvements in both net interest income and fee-based revenues.
NBTB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
NBTB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 24, 2025 | $42.36 | $42.60 | +0.57% |
Jan 27, 2025 | $48.35 | $45.76 | -5.36% |
Oct 28, 2024 | $44.55 | $44.66 | +0.25% |
Jul 22, 2024 | $44.92 | $48.56 | +8.10% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does NBT Bancorp (NBTB) report earnings?
NBT Bancorp (NBTB) is schdueled to report earning on Jul 28, 2025, TBA Not Confirmed.
What is NBT Bancorp (NBTB) earnings time?
NBT Bancorp (NBTB) earnings time is at Jul 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NBTB EPS forecast?
NBTB EPS forecast for the fiscal quarter 2025 (Q2) is 0.81.