NBT (NBTB) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

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]