NASDAQ$NBTB

Nbt Bancorp Inc · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

NBT Bancorp Inc. reported increased net income and diluted earnings per share for the fourth quarter of 2024, driven by growth in net interest income and strong fee businesses.

NBT Bancorp Inc. reported a net income of $36.0 million, or $0.76 per diluted common share, for Q4 2024, compared to $30.4 million, or $0.64 per diluted common share, for Q4 2023. The company's performance was driven by growth in net interest income and margin, as well as strong results from its diverse mix of fee businesses.

  • Net income was $36.0 million and diluted earnings per share was $0.76.
  • Net interest income on a fully taxable equivalent (FTE) basis was $106.7 million.
  • Net interest margin (NIM) on an FTE basis was 3.34%.
  • Period end total loans of $9.97 billion as of December 31, 2024, up $319.2 million, or 3.3%, from December 31, 2023.

Headline financials

Total Revenue

$149M

Previous: $138M+7.9%
EPS (adj)

$0.77

Previous: $0.72+6.9%
Net Interest Margin

3.3%

Previous: 3.1%+6.0%
Loan Loss Allowance

1.2%

Previous: 1.2%-2.5%
Nonperforming Loans

0.5%

No prior period
Nonperforming Assets

0.4%

No prior period
Tier 1 Leverage Ratio

10.2%

No prior period
CET1 Capital Ratio

11.9%

No prior period
Tier 1 Capital Ratio

12.8%

No prior period
Total Risk-Based Capital

15.0%

No prior period
Past Due Loans

0.3%

No prior period
Net Charge-Offs

0.2%

Previous: 0.2%+4.5%
Tangible Equity Ratio

8.4%

No prior period
Book Value Per Share

$32.34

No prior period
Tangible Book Value

$23.88

No prior period
Capital Expenditures

-$3.63M

No prior period
Net Income

$36M

Previous: $30.4M+18.3%
Operating Income

$45.5M

Previous: $39.8M+14.5%

Revenue & EPS history

NBT · Revenue · Quarterly

$149M

Q4 2024+7.9%vs Q4 2023
Beat estimate in 9 of 15 quarters(60%)
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

NBT and Evans anticipate closing the transaction in the second quarter of 2025 in conjunction with the core system conversion, pending customary closing conditions.

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 2024

Historical avgQ4 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

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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