NBT Bancorp Inc. Announces Record First Quarter Net Income of $26.0 Million and Record Diluted Earnings Per Share of $0.59
NBT Bancorp Inc. (NBTB)
Last nbt bancorp inc. earnings: 4/27 04:15 pm
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US:NASDAQ Investor Relations:
nbtbancorp.gcs-web.com/investor-relations
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Source: GlobeNewswire
NORWICH, N.Y., April 23, 2018 (GLOBE NEWSWIRE) -- NBT Bancorp Inc. (“NBT” or the “Company”) (NASDAQ:NBTB) reported record net income and diluted earnings per share for the three months ended March 31, 2018. Net income for the three months ended March 31, 2018 was $26.0 million, up from $17.6 million for the prior quarter, which included the $4.4 million estimated one-time, non-cash charge recorded in the provision for income taxes related to the enactment of the Tax Cuts and Jobs Act (“Tax Reform”), and $20.3 million for the same period last year. Diluted earnings per share for the three months ended March 31, 2018 was $0.59, as compared with $0.40 for the prior quarter ($0.50 excluding Tax Reform) and $0.46 for the first quarter of 2017. Highlights: Net income up 28.1% from the first quarter of 2017First quarter loan growth of 3.8% (annualized)Average demand deposits up 4.6% from the first quarter of 2017Net interest margin expands to 3.57%, up 5 basis points from the prior quar
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News
- NBT Bancorp Inc. (NASDAQ: NBTB) had its "overweight" rating re-affirmed by analysts at Stephens. They now have a $42.00 price target on the stock.MarketBeat
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- NBT Bancorp Inc. Announces First Quarter 2024 ResultsGlobeNewswire
- The past three years for NBT Bancorp (NASDAQ:NBTB) investors has not been profitable [Yahoo! Finance]Yahoo! Finance
NBTB
Earnings
- 4/22/24 - Beat
NBTB
Sec Filings
- 4/22/24 - Form 8-K
- 4/5/24 - Form DEFA14A
- 4/5/24 - Form DEF
- NBTB's page on the SEC website