NBT: Fourth Quarter Financial Highlights
NBT Bancorp Announces Strong Fourth-Quarter Results
NBT Bancorp Inc., headquartered in Norwich, New York, revealed on Monday that it achieved a net profit of $55.5 million for the fourth quarter.
The bank reported earnings of $1.06 per share for the quarter. When excluding one-time gains, adjusted earnings stood at $1.05 per share.
These figures exceeded analysts’ expectations, as the consensus from three Zacks Investment Research analysts had projected earnings of 99 cents per share.
During the quarter, NBT Bancorp generated $238.2 million in revenue. After accounting for interest expenses, net revenue reached $185.7 million, which also surpassed the analysts’ forecast of $181.9 million.
Looking at the full year, the company posted a total profit of $169.2 million, or $3.33 per share, with annual revenue totaling $699.5 million.
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