NBT: Q2 Earnings Snapshot
By AP News
Published - Jul 31, 2023, 05:27 PM ET
Last Updated - Jul 31, 2023, 05:27 PM EDT
NORWICH, N.Y. (AP) — NORWICH, N.Y. (AP) — NBT Bancorp Inc. (NBTB) on Monday reported second-quarter net income of $30.1 million.
The Norwich, New York-based bank said it had earnings of 70 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, came to 80 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 76 cents per share.
The financial holding company posted revenue of $152.6 million in the period. Its revenue net of interest expense was $121.1 million, falling short of Street forecasts.
