NASDAQ$NBTB

Nbt Bancorp Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported net income of $37.4 million and diluted earnings per share of $0.86.

NBT Bancorp Inc. reported a net income of $37.4 million, or $0.86 per diluted common share, for the third quarter ended September 30, 2021. Net income increased $2.3 million from the third quarter of 2020, primarily due to changes in the estimated impact of the COVID-19 pandemic on expected credit losses.

  • Net income for the third quarter of 2021 was $37.4 million.
  • Diluted earnings per share were $0.86.
  • Net interest income on a fully taxable equivalent basis was $78.0 million.
  • Period end total loans were $7.6 billion, up 1%, annualized, from December 31, 2020.

Headline financials

Total Revenue

$118M

Previous: $116M+2.0%
EPS (adj)

$0.86

Previous: $0.80+7.5%
Loan Loss Allowance

1.2%

No prior period
Net Charge-Offs

0.1%

Previous: 0.1%-8.3%
Tangible Book Value

$21.95

Previous: $20.02+9.6%
Free Cash Flow

$37.4M

Previous: $35.1M+6.6%
Net Income

$37.4M

Previous: $35.1M+6.6%
Operating Income

$91.4M

Previous: $87.6M+4.3%
Gross Profit

$115M

Previous: $112M+2.0%
Cash & Equivalents

$1.35B

Previous: $617M+118.0%
Total Assets

$12B

Previous: $10.9B+10.5%
Stock-Based Comp

$563K

Previous: $648K-13.1%

Revenue & EPS history

NBT · Revenue · Quarterly

$118M

Q3 2021+2%vs Q3 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

Forward guidance

The Board of Directors approved a fourth-quarter cash dividend of $0.28 per share, an increase of 3.7% from the amount paid in the fourth quarter of 2020. The dividend will be paid on December 15, 2021, to shareholders of record as of December 1, 2021.

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 Q3 2021

Historical avgQ3 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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro