NBT Bancorp Inc reports results for the quarter ended March 31 - Earnings Summary

• NBT Bancorp Inc NBTB.OQ reported quarterly adjusted earnings of 80 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 68 cents. The mean expectation of six analysts for the quarter was for earnings of 74 cents per share. Wall Street expected results to range from 71 cents to 77 cents per share.

• Revenue rose 10% to $154.68 million from a year ago; analysts expected $151.05 million.

• NBT Bancorp Inc's reported EPS for the quarter was 77 cents​.

• The company reported quarterly net income of $36.75 million.

• NBT Bancorp Inc shares had fallen by 2.4% this quarter and lost 12.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.3% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"

• Wall Street's median 12-month price target for NBT Bancorp Inc is $50.00

This summary was machine generated from LSEG data April 24 at 09:43 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)