earnings
confidence high
sentiment neutral
materiality 0.55
NBT Bancorp Q1 net income $33.8M, EPS $0.71; operating EPS $0.68
NBT BANCORP INC
2024-Q1 EPS reported
$0.71
- Net income $33.8M ($0.71 diluted) vs $33.7M ($0.78) a year ago; operating EPS $0.68 vs $0.88.
- Net interest margin (FTE) 3.14%, down 1bp from Q4 2023; earning asset yield 4.84%.
- Period-end loans $9.69B (+$37.4M), deposits $11.20B (+$226.3M); loan/deposit ratio 86.5%.
- Noninterest income $43.2M (ex-securities gains), up 13.8% from Q4; fee income 31% of revenue.
- Tangible book value per share $22.07; CET1 ratio 11.68%; repurchased 1,900 shares at avg $33.03.