Compared to Estimates, NBT (NBTB) Q3 Earnings: A Look at Key Metrics
For the quarter ended September 2023, NBT Bancorp (NBTB) reported revenue of $135.13 million, up 2.6% over the same period last year. EPS came in at $0.84, compared to $0.92 in the year-ago quarter.
The reported revenue represents a surprise of +2.26% over the Zacks Consensus Estimate of $132.14 million. With the consensus EPS estimate being $0.63, the EPS surprise was +33.33%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how NBT performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net interest margin (FTE): 3.2% compared to the 3.2% average estimate based on three analysts.
Net charge-offs to average loans: 0.2% versus 0.2% estimated by three analysts on average.
Average Balance - Total interest-earning assets: $11.80 billion versus the two-analyst average estimate of $11.41 billion.
Total Noninterest Income: $40.24 million versus the three-analyst average estimate of $39.06 million.
Net interest income (FTE): $95.46 million versus $90.56 million estimated by three analysts on average.
Retirement plan administration fees: $12.80 million versus the two-analyst average estimate of $11.86 million.
Card services income: $5.50 million versus $5.46 million estimated by two analysts on average.
Wealth management: $9.30 million versus $8.67 million estimated by two analysts on average.
Other: $2.91 million versus the two-analyst average estimate of $3.24 million.
Service charges on deposit accounts: $3.98 million versus $4.02 million estimated by two analysts on average.
Insurance services: $4.36 million versus $3.89 million estimated by two analysts on average.
Bank owned life insurance income: $1.57 million versus the two-analyst average estimate of $1.67 million.
View all Key Company Metrics for NBT here>>>
Shares of NBT have returned +2.2% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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NBT Bancorp Inc. (NBTB) : Free Stock Analysis Report
