NBT Bancorp Posts $58M Third-Quarter Profit
NBTB sits 34% above its 52-week low of $39.445.
Summary
NBT Bancorp reported third-quarter net income of $58 million, up from $53.0 million in the second quarter. The sequential gain of roughly $5 million extends the momentum from Q2, when earnings of $1.02 per share handily beat the $0.44 posted a year earlier on higher net interest income and a lower loan loss provision. The stock is trading near its 52-week high of $54.50, so the print lands with expectations already elevated. The headline carries only the net income line; per-share figures, margin detail and provision levels are not yet disclosed.
At the time of this announcement, NBTB was trading at $52.89 on NASDAQ in the Finance sector, with a market capitalization of approximately $2.7B. The 52-week trading range was $39.45 to $54.50. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.