Core Viewpoint - Analysts expect NBT Bancorp (NBTB) to report quarterly earnings of $0.78 per share, reflecting an 8.3% year-over-year increase, with revenues projected at $148.24 million, up 7.7% from the previous year [1] Earnings Estimates - Revisions to earnings estimates are crucial indicators for predicting investor actions regarding the stock, with empirical research showing a strong correlation between earnings estimate trends and short-term stock price performance [2] - The consensus EPS estimate for NBTB has remained unchanged over the last 30 days, indicating a collective reevaluation by analysts [1][2] Key Metrics Forecast - Analysts forecast 'Net interest margin (FTE)' to be 3.3%, an increase from 3.2% reported in the same quarter last year [4] - 'Total Noninterest Income' is expected to reach $42.86 million, compared to $38.49 million in the previous year [4] - 'Net interest income (FTE)' is projected at $105.38 million, up from $99.84 million year-over-year [4] Stock Performance - NBT shares have decreased by 1.1% over the past month, contrasting with the S&P 500 composite's increase of 2.1% [5] - NBTB holds a Zacks Rank 2 (Buy), indicating expectations of outperforming the overall market in the near term [5]

Core Viewpoint - NBT Bancorp Inc. is set to release its financial results for the fourth quarter of 2024 on January 27, 2025, with a conference call scheduled for January 28, 2025, to discuss these results [1]. Company Overview - NBT Bancorp Inc. is a financial holding company based in Norwich, NY, with total assets amounting to $13.84 billion as of September 30, 2024 [3]. - The company operates primarily through NBT Bank, N.A., which is a full-service community bank, and two financial services companies [3]. - NBT Bank, N.A. has a network of 155 banking locations across New York, Pennsylvania, Vermont, Massachusetts, New Hampshire, Maine, and Connecticut [3]. - The company also includes EPIC Retirement Plan Services, a national benefits administration firm located in Rochester, NY, and NBT Insurance Agency, LLC, a full-service insurance agency based in Norwich, NY [3].

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...

For the quarter ended September 2024, NBT Bancorp (NBTB) reported revenue of $148.08 million, up 9.6% over the same period last year. EPS came in at $0.80, compared to $0.84 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $144.7 million, representing a surprise of +2.34%. The company delivered an EPS surprise of +2.56%, with the consensus EPS estimate being $0.78. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall S ...

NBT Bancorp (NBTB) came out with quarterly earnings of $0.80 per share, beating the Zacks Consensus Estimate of $0.78 per share. This compares to earnings of $0.84 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.56%. A quarter ago, it was expected that this financial holding company would post earnings of $0.70 per share when it actually produced earnings of $0.69, delivering a surprise of -1.43%.Over the last four quarters, ...

NBT Bancorp (NBTB) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October ...

Investors might want to bet on NBT Bancorp (NBTB) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices - - has triggered this rating change. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. Individual investor ...

Financial Performance - Net income for Q2 2024 was $32.7 million, an increase of $2.6 million from Q2 2023, with diluted earnings per share at $0.69[119] - Operating net income for Q2 2024 was $32.8 million, or $0.69 per diluted common share, down from $0.80 per diluted common share in Q2 2023[120] - Diluted earnings per share for Q2 2024 was $0.69, a decrease of 1.4% from $0.71 in Q1 2024 and a decrease of 1.4% from $0.70 in Q2 2023[125] Income and Revenue - Net interest income for Q2 2024 was $97.2 million, up $8.1 million or 9.1% from Q2 2023[122] - Noninterest income for Q2 2024 was $43.3 million, up $6.6 million or 18.1% from Q2 2023, representing 31% of total revenues[122] - Noninterest income for Q2 2024 was $43.2 million, a decrease of $2.2 million (4.8%) from the prior quarter, but an increase of $11.2 million (34.9%) from Q2 2023[142] - Total noninterest income for the first half of 2024 was $88.6 million, up $25.2 million (39.7%) from the same period in 2023, driven by increases in retirement plan administration fees and wealth management fees[143] Loan and Deposit Growth - Total loans at the end of the period were $9.85 billion, an increase of $203.6 million or 4.2% annualized from December 31, 2023[122] - Total deposits at the end of the period were $11.27 billion, up $302.5 million or 2.8% from December 31, 2023[122] - Total loans increased by $203.6 million (4.2%) from December 31, 2023, to June 30, 2024, with commercial and industrial loans rising to $1.40 billion[150] - Average deposits rose by $1.57 billion, or 16.5%, compared to the same period last year, primarily due to $1.31 billion in deposits acquired from Salisbury in Q3 2023[170] Interest Income and Expense - Interest income for Q2 2024 increased by $30.2 million, or 25.0%, compared to Q2 2023, driven by a yield increase of 50 basis points to 4.92%[130] - Interest expense for Q2 2024 increased by $22.1 million, or 70.1%, compared to Q2 2023, primarily due to a 110 basis points increase in interest-bearing deposit costs[130] - Net interest income (FTE) for the three months ended June 30, 2024, was $97,832 thousand, compared to $89,487 thousand for the same period in 2023, reflecting an increase of 9.3%[134] Asset Quality and Loan Losses - The provision for loan losses was $8.9 million for Q2 2024, compared to $3.6 million in Q2 2023, reflecting an increase of $5.3 million[122] - The allowance for credit losses totaled $120.5 million at June 30, 2024, up from $100.4 million at June 30, 2023, representing an increase of 20.1% year-over-year[162] - Total nonperforming assets were $38.2 million at June 30, 2024, compared to $19.9 million at June 30, 2023, indicating a 91.5% increase year-over-year[168] - Nonperforming loans at June 30, 2024, were $38.1 million or 0.39% of total loans, unchanged from December 31, 2023, but up from $19.7 million or 0.24% at June 30, 2023[168] Capital and Equity - Stockholders' equity rose to $1.46 billion, representing 10.83% of total assets at June 30, 2024, up from $1.43 billion, or 10.71%, at December 31, 2023[174] - The Company’s Tier 1 leverage ratio was 10.16% and the total risk-based capital ratio was 14.88% as of June 30, 2024, indicating a "well capitalized" status[177] - The average tangible common equity for Q2 2024 was $1,043,383 thousand, reflecting an increase from $1,027,846 thousand in Q1 2024[126] Acquisition and Integration - The Company completed the acquisition of Salisbury in August 2023, which had $1.46 billion in assets[121] - Salaries and employee benefits for Q2 2024 were $55.4 million, an increase from $46.8 million in Q2 2023, primarily due to the Salisbury acquisition[145] Regulatory and Liquidity - The Company considers its Basic Surplus position to be strong, but potential adverse impacts on liquidity are anticipated in 2024 due to rising interest rates and competition for deposits[190] - The Bank's ability to pay dividends is subject to compliance with regulatory capital requirements, which it currently meets[192] - Enhanced liquidity monitoring remains in place to address volatility in the banking system and liquidity risk[190]

NBT Bancorp Inc. Q2 2024 Earnings Presentation Forward-Looking Statements The Company cautions readers not to place undue reliance on any forward-looking statements, which speak only as of the date made, and advises readers that various factors, including, but not limited to, those described above and other factors discussed in the Company's annual and quarterly reports previously filed with the SEC, could affect the Company's financial performance and could cause the Company's actual results or circumstanc ...

Core Insights - NBT Bancorp reported revenue of $140.41 million for the quarter ended June 2024, marking a year-over-year increase of 15.9% [1] - The earnings per share (EPS) for the same period was $0.69, down from $0.80 a year ago [1] Financial Performance Metrics - The reported revenue exceeded the Zacks Consensus Estimate of $139.02 million, resulting in a surprise of +1.00% [3] - The EPS fell short of the consensus estimate of $0.70, delivering a surprise of -1.43% [3] - Net interest margin (FTE) was reported at 3.2%, slightly above the average estimate of 3.1% [5] - Net charge-offs to average loans were consistent with the average estimate at 0.2% [5] - Total noninterest income was $43.23 million, surpassing the average estimate of $42.71 million [5] - Wealth management income was reported at $10.17 million, exceeding the average estimate of $9.52 million [5] - Net interest income (FTE) was $97.83 million, above the average estimate of $97.14 million [5] Stock Performance - NBT shares have returned +24.9% over the past month, significantly outperforming the Zacks S&P 500 composite's +0.4% change [6] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [6]