NBT Bancorp Reports Q3 Earnings Beat on Revenue and EPS
NBT Bancorp (NBTB) reported third-quarter financial results that exceeded analyst expectations for both earnings per share and total revenue. The company posted a GAAP EPS of $1.11, surpassing estimates by $0.02, while revenue reached $195 million, representing a 4.8% increase year-over-year and beating projections by $1.17 million. The bank's capital position remains stable, with tangible common equity to tangible assets reported at 9.07%. Additionally, the company saw growth in its intrinsic value, as tangible book value per share rose 4.6% year-over-year to $27.75.
Tickers: $NBTB