For the quarter ended June 2023, NBT Bancorp (NBTB) reported revenue of $121.13 million, down 6.3% over the same period last year. EPS came in at $0.80, compared to $0.89 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $126.11 million, representing a surprise of -3.95%. The company delivered an EPS surprise of +5.26%, with the consensus EPS estimate being $0.76.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock’s price performance more accurately.
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: 3.27% compared to the 3.32% average estimate based on three analysts.
- Average Balance – Total interest-earning assets: $10.98 billion compared to the $10.92 billion average estimate based on two analysts.
- Net charge-offs to average loans: 0.17% versus the two-analyst average estimate of 0.2%.
- Total Noninterest Income: $32.05 million versus the three-analyst average estimate of $35 million.
- Net Interest Income: $89.09 million compared to the $90.84 million average estimate based on three analysts.
- Retirement plan administration fees: $11.74 million compared to the $11.41 million average estimate based on two analysts.
- Wealth management: $8.23 million versus the two-analyst average estimate of $8.05 million.
- Other non-interest (loss) income: $2.63 million compared to the $2.53 million average estimate based on two analysts.
- Service charges on deposit accounts: $3.73 million versus the two-analyst average estimate of $3.73 million.
- Insurance services: $3.72 million versus $3.66 million estimated by two analysts on average.
- Bank owned life insurance income: $1.53 million compared to the $1.77 million average estimate based on two analysts.
- Card services income: $5.12 million versus the two-analyst average estimate of $5.78 million.
View all Key Company Metrics for NBT here>>>
Shares of NBT have returned +19% over the past month versus the Zacks S&P 500 composite’s +4.7% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
Top 5 ChatGPT Stocks Revealed
Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”
Download Free ChatGPT Stock Report Right Now >>
NBT Bancorp Inc. (NBTB) : Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Image and article originally from www.nasdaq.com. Read the original article here.