NASDAQ$NBTB

Nbt Bancorp Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

NBT reported a net income of $29.0 million and diluted earnings per share of $0.66 for Q4 2019.

NBT Bancorp Inc. reported a net income of $29.0 million for the three months ended December 31, 2019, which is up 1.1% from $28.7 million for the fourth quarter of 2018. Diluted earnings per share for the three months ended December 31, 2019 was $0.66, up 1.5% from $0.65 for the fourth quarter of 2018.

  • Diluted earnings per share up 7.0% from prior year
  • Full year 2019 net income up 7.5% from 2018
  • Loan growth for the year ended December 31, 2019 of 3.6% and 6.9% for the fourth quarter, annualized, driven by commercial and residential real estate
  • Strong asset quality continued with nonperforming loans to total loans of 0.40% down 7 basis points from prior quarter

Headline financials

Total Revenue

$113M

Previous: $105M+8.2%
EPS (adj)

$0.66

Previous: $0.65+1.5%
Net Interest Margin

3.5%

No prior period
Loan Loss Allowance

1.0%

No prior period
Nonperforming Loans

0.4%

No prior period
Nonperforming Assets

0.3%

No prior period
Tier 1 Leverage Ratio

10.3%

No prior period
CET1 Capital Ratio

11.3%

No prior period
Tier 1 Capital Ratio

12.6%

No prior period
Total Risk-Based Capital

13.5%

No prior period
Tangible Equity Ratio

8.8%

No prior period
Book Value Per Share

$25.58

No prior period
Tangible Book Value

$19.03

No prior period
Net Income

$29M

Previous: $28.7M+1.1%
Operating Income

$37.1M

No prior period
Gross Profit

$112M

Previous: $104M+7.6%
Cash & Equivalents

$171M

Previous: $181M-5.7%
Total Assets

$9.72B

Previous: $9.56B+1.7%
Stock-Based Comp

$614K

Previous: $479K+28.2%

Revenue & EPS history

NBT · Revenue · Quarterly

$113M

Q4 2019+8.2%vs Q4 2018
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

NBT · $30.1M total across 6 segments · Q4 2019

  • Retirement admin fees
    $7.22M
  • Other income
    $6.74M
  • Insurance services
    $5.89M
  • Wealth management
    $4.67M
  • Deposit service fees
    $4.36M
  • BOLI income
    $1.24M

Forward guidance

NBT intends to accelerate the growth of EPIC Retirement Plan Services with the acquisition of Alliance Benefit Group of Illinois, Inc. of Peoria, bringing the number of plan participants supported nationwide to 250,000.

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 Q4 2019

Historical avgQ4 2019

+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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