Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
NBT Bancorp (NBTB)
NASDAQ:NBTB
Earnings Data
Report Date
Apr 28, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.74Last Year’s EPS
0.68Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Jan 27, 2025
|% Change Since: -3.76%
|Next Earnings Date:Apr 28, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a generally positive outlook for NBT Bancorp, highlighting strong growth in non-interest income, record tangible book value, increased dividends, strategic expansion through the Evans Bancorp merger, and positive trends in net interest margin. However, there were challenges such as decreased loan yields, increased non-performing assets, higher operating expenses, and an uptick in net charge-offs.Company Guidance
During the fourth quarter and full year 2024, NBT Bancorp demonstrated strong operating performance, highlighted by a series of positive financial metrics. The company experienced a 3.3% increase in total loans, with commercial and consumer loans contributing to the growth. Net interest margin improved for the third consecutive quarter, reaching 3.34%, driven by a favorable funding mix and decreased deposit costs. Non-interest income accounted for 30% of total revenues, with growth in retirement plan administration, wealth management, and insurance agency lines. NBT declared a $0.34 quarterly dividend, marking a 6.3% increase from the previous year, continuing its 12-year streak of annual dividend increases. Additionally, NBT added $100 million to shareholders' equity, demonstrating robust earnings generation despite higher dividend payouts. The company also announced progress in its strategic merger with Evans Bancorp, aiming to close the transaction in the second quarter of 2025, which will expand NBT's presence in Western New York and position it as a leading community bank in Upstate New York.Growth in Non-Interest Income
Non-interest income made up 30% of total revenues for 2024. Each non-banking business achieved record revenue and earnings generation, with a five-year compounded annual growth rate of 9%.
Record Tangible Book Value
Tangible book value per share reached an all-time high of $23.88 as of December 31st, up $0.05 from the previous quarter.
Increase in Shareholder Dividends
A quarterly cash dividend of $0.34 was declared, which is a 6.3% increase from the prior year's dividend, marking the 12th consecutive year of annual dividend increases.
Strategic Merger with Evans Bancorp
Merger with Evans Bancorp is expected to expand NBT's footprint into Western New York and position NBT as the community bank with the largest deposit market share in Upstate New York.
Positive Net Interest Margin Trends
Net interest margin increased to 3.34%, up 7 basis points from the prior quarter, driven by a decrease in deposit costs and a favorable funding mix.
---
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 |
|---|---|---|---|
| Jan 27, 2025 | $48.70 | $46.09 | -5.36% |
| Oct 28, 2024 | $44.87 | $44.98 | +0.25% |
| Jul 22, 2024 | $45.24 | $48.91 | +8.11% |
| Apr 22, 2024 | $34.02 | $35.22 | +3.53% |
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 Apr 28, 2025, TBA Not Confirmed.
What is NBT Bancorp (NBTB) earnings time?
NBT Bancorp (NBTB) earnings time is at Apr 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 (Q1) is 0.74.
---