NASDAQ$NBTB
Nbt Bancorp Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
NBT Bancorp Inc. reported increased net income and diluted earnings per share for the third quarter of 2024, driven by sequential growth in net interest income and strong performance from fee businesses.
NBT Bancorp Inc. reported a net income of $38.1 million, or $0.80 per diluted common share, for the third quarter of 2024. The company saw sequential growth in net interest income and margin, along with strong performance from its fee businesses. They also entered an agreement to merge with Evans Bancorp, Inc.
- Net income was $38.1 million and diluted earnings per share was $0.80.
- Net interest income on a fully taxable equivalent (“FTE”) basis was $102.3 million, up $4.5 million from the prior quarter.
- Noninterest income was at a record level of $45.3 million, or 30.8% of total revenues, excluding net securities gains (losses).
- Period end total loans of $9.91 billion as of September 30, 2024, up $256.3 million, or 3.5% annualized, from December 31, 2023
Headline financials
Revenue & EPS history
NBT · Revenue · Quarterly
$147M
Revenue by segment
NBT · $22.9M total across 5 segments · Q4 2022
- Retirement admin fees$10.7M—46.7%
- Card services income$4.96M—21.7%
- Deposit service fees$3.6M—15.7%
- Other income$2.22M—9.7%
- BOLI income$1.42M—6.2%
Forward guidance
NBT Bancorp Inc. expects the merger with Evans Bancorp, Inc. to close in the second quarter of 2025, pending required approvals by regulatory agencies and Evans' shareholders.
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 2024
+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
| Quarter | Report date | Reaction (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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