Regional banking company NBT Bancorp (NASDAQ: NBTB) will be reporting results this Monday after market hours. Here’s what you need to know.
NBT Bancorp beat analysts’ revenue expectations by 1.4% last quarter, reporting revenues of $186.1 million, up 26.1% year on year. It was a satisfactory quarter for the company, with a narrow beat of analysts’ revenue estimates.
Is NBT Bancorp a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting NBT Bancorp’s revenue to grow 22.9% year on year to $183 million, improving from the 8.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.99 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. NBT Bancorp has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 1.4% on average.
Looking at NBT Bancorp’s peers in the regional banks segment, some have already reported their Q4 results, giving us a hint as to what we can expect. ServisFirst Bancshares delivered year-on-year revenue growth of 20.7%, beating analysts’ expectations by 5%, and Dime Community Bancshares reported revenues up 24.5%, topping estimates by 5.2%. ServisFirst Bancshares traded up 14.6% following the results while Dime Community Bancshares was also up 12.5%.
Read our full analysis of ServisFirst Bancshares’s results here and Dime Community Bancshares’s results here.
Investors in the regional banks segment have had steady hands going into earnings, with share prices up 1.9% on average over the last month. NBT Bancorp is up 2.2% during the same time and is heading into earnings with an average analyst price target of $48.20 (compared to the current share price of $43.66).
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