NBTB Earnings Prediction
The chart below shows how NBTB performed 10 days before and after its earnings report, based on data from the past quarters. Typically, NBTB sees a -2.29% change in stock price 10 days leading up to the earnings, and a +1.83% change 10 days following the report. On the earnings day itself, the stock moves by -0.13%. This data can give you a slight idea of what to expect for the next quarter's release.
NBTB Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
118.13M
8.58%
0.90%
Gross Margin
--
--
--
Operating Margin
39.29%
5.45%
-7.77%
Net Margin
30.48%
8.93%
-6.33%
EPS
0.76
18.75%
-6.17%
No Data Available
NBTB Earnings Analysis
NBT Bancorp Inc Corporation (NBTB.O) Earnings Conference Call
Positive
Q4 Net Income Report: Net income for Q4 2024 was reported at $36,000,000, or $0.76 per share, with operating earnings per share at $0.77, demonstrating strong profitability despite a slight decrease from the prior quarter.
Loan Growth Analysis: Total loans increased by $319,000,000 for the year, representing a growth of 3.3%, with a more significant increase of $479,000,000 or 6% when excluding portfolios in planned runoff status.
Deposit Growth Increase: Total deposits rose by $578,000,000 or 5.3% from December 2023, reflecting strong customer confidence and growth in the deposit base.
Diversified Revenue Strength: Non-interest income accounted for 30% of total revenues for 2024, with fee income increasing by 11.1% compared to Q4 2023, highlighting the strength of diversified revenue streams.
Dividend Increase Announcement: A quarterly cash dividend of $0.34 was declared, marking a 6.3% increase from the previous year's dividend, representing the 12th consecutive year of annual dividend increases.
Negative
Earnings Per Share Decline: Operating earnings per share decreased by $0.03 to $0.77 compared to the prior quarter, indicating a decline in profitability.
Asset Quality Deterioration: Net charge-offs increased to 23 basis points in Q4 from 16 basis points in the prior quarter, reflecting a deterioration in asset quality.
Non-Performing Assets Increase: Non-performing assets rose by $14.4 million from the prior quarter, primarily due to a commercial real estate loan placed into non-accrual status, signaling potential credit risk.
Operating Expenses Increase: Total operating expenses, excluding merger costs, increased by 4.8% to $99.8 million compared to the previous quarter, indicating rising cost pressures.
Loan Yield Decline: Loan yields declined by 9 basis points from Q3, as $2.1 billion of loans repriced downward, suggesting challenges in maintaining interest income.
NBTB FAQs
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NBTB Earning Call Sentiment
Earnings call transcript: NBT Bancorp Q4 2024 earnings meet forecasts, stock dips
NBTB.O
-0.99%Positive
The earnings call presents mixed signals. While the merger and dividend increase are positive, concerns arise from increased non-performing assets, operational risks, and rising expenses. The Q&A highlights some optimism in fee businesses but also notes management's evasive responses on key issues. The market cap indicates a moderate reaction, aligning with a neutral sentiment as positives and negatives balance each other out.
