NASDAQ$NBTB

Nbt Bancorp Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

NBT Bancorp Inc. reported net income of $39.8 million and diluted earnings per share of $0.91 for the first quarter of 2021.

NBT Bancorp Inc. reported a strong first quarter with net income of $39.8 million, or $0.91 per diluted common share, driven by commercial loan growth and increased consumer activity. The company's mortgage pipeline is strong, and the indirect auto business exceeded production targets. Sustained levels of excellent credit quality allow for plenty of optionality in the deployment of capital which will drive growth.

  • Net income was $39.8 million, or $0.91 per diluted common share.
  • Period end loans were $7.6 billion, up 7% annualized from December 31, 2020.
  • Net interest income on a fully taxable equivalent basis was $79.4 million.
  • Tangible equity to assets of 8.00%.

Headline financials

Total Revenue

$116M

Previous: $113M+3.1%
EPS (adj)

$0.91

Previous: $0.23+295.7%
Net Interest Margin

3.2%

No prior period
Loan Loss Allowance

1.4%

Previous: 1.4%+0.0%
Total Risk-Based Capital

15.9%

No prior period
Net Charge-Offs

0.1%

Previous: 0.3%-62.5%
Free Cash Flow

$39.8M

Previous: $10.4M+284.3%
Net Income

$39.8M

Previous: $10.4M+284.3%
Operating Income

$92.5M

Previous: $57M+62.3%
Gross Profit

$113M

Previous: $83M+36.6%
Cash & Equivalents

$1.16B

Previous: $283M+307.6%
Total Assets

$11.5B

Previous: $9.95B+15.9%
Stock-Based Comp

$2.67M

Previous: $2.68M-0.3%

Revenue & EPS history

NBT · Revenue · Quarterly

$116M

Q1 2021+3.1%vs Q1 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

NBT · $22.9M total across 5 segments · Q4 2022

  • Retirement admin fees
    $10.7M
  • Card services income
    $4.96M
  • Deposit service fees
    $3.6M
  • Other income
    $2.22M
  • BOLI income
    $1.42M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.0%

Avg return

Earnings day

-0.1%

Avg return

5 days after

+2.2%

Avg return

30 days after

48%

33 / 69 earnings

Positive

+9.7%

Q2 2024

Best reaction

-11.5%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-4.5%-3.5%+1.4%
Q4 2025-1.3%+1.2%+1.2%
Q3 2025+1.3%-0.7%+3.4%
Q2 2025-2.2%-1.4%+0.5%
Q1 2025+0.6%-0.0%-1.9%
Q4 2024-5.4%-2.2%-3.2%
Q3 2024+3.9%+2.2%+14.9%
Q2 2024+9.7%+10.2%+2.4%
Q1 2024+4.1%+3.9%+10.0%
Q4 2023-7.0%-9.3%-15.9%
Q3 2023+4.3%+5.5%+14.7%
Q2 2023-1.1%-1.9%-9.9%
Q1 2023-1.9%-2.8%+4.4%
Q4 2022-11.5%-11.0%-5.2%
Q3 2022-0.4%+7.7%+8.4%
Q2 2022-0.1%+2.9%+1.3%
Q1 2022+0.1%-0.8%+3.6%
Q4 2021-4.9%-3.8%-4.3%
Q3 2021-3.9%-2.3%+1.4%
Q2 2021+1.9%+5.7%+9.9%
Q1 2021-2.2%-3.8%-0.9%
Q4 2020-4.9%-4.8%+3.9%
Q3 2020-2.8%-6.1%+8.9%
Q2 2020-0.6%-0.3%+2.8%
Q1 2020+5.0%+1.9%+7.1%
Q4 2019-2.5%-4.2%-6.1%
Q3 2019+6.7%+6.8%+7.1%
Q2 2019+0.4%+3.8%-4.0%
Q1 2019+2.7%+2.8%+1.6%
Q4 2018-0.2%-0.8%+7.3%
Q3 2018-0.3%-3.4%+2.3%
Q2 2018+2.8%+3.0%+3.3%
Q1 2018+3.6%+2.3%+6.2%
Q4 2017+1.8%-0.8%-2.7%
Q3 2017+0.7%+0.9%-1.4%
Q2 2017+1.3%-1.7%-9.4%
Q1 2017+4.0%+1.4%-3.2%
Q4 2016+2.2%-0.3%+1.1%
Q3 2016+0.8%+0.4%+18.8%
Q2 2016-0.6%-0.4%+6.3%
Q1 2016+1.6%
Q4 2015-1.4%
Q3 2015+0.0%
Q2 2015+3.6%
Q1 2015+1.5%
Q4 2014-1.9%
Q3 2014+5.0%
Q2 2014+2.0%
Q1 2014-0.9%
Q4 2013-2.4%
Q3 2013+2.6%
Q2 2013+1.3%
Q1 2013-3.2%
Q4 2012+0.7%
Q3 2012-0.8%
Q2 2012-1.4%
Q1 2012+1.8%
Q4 2011-1.1%
Q3 2011-4.9%
Q2 2011-1.4%
Q1 2010+0.5%
Q1 2011+1.2%
Q4 2010-1.2%
Q4 2009-1.2%
Q4 2008-1.2%
Q3 2009+0.0%
Q3 2010+0.0%
Q2 2010+0.9%
Q2 2009+0.9%

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