NBT Bancorp Inc reports results for the quarter ended June 30 - Earnings Summary

• NBT Bancorp Inc NBTB.OQ reported quarterly adjusted earnings of 88 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 69 cents. The mean expectation of seven analysts for the quarter was for earnings of 81 cents per share. Wall Street expected results to range from 72 cents to 87 cents per share.

• Revenue rose 53.2% to $171.15 million from a year ago; analysts expected $171.04 million.

• NBT Bancorp Inc's reported EPS for the quarter was 44 cents​.

• The company reported quarterly net income of $22.51 million.

• NBT Bancorp Inc shares had fallen by 0.4% this quarter and lost 13.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.5% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 4 "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, about 17.2% above its last closing price of $41.38

This summary was machine generated from LSEG data July 28 at 09:01 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)