NBT Bancorp Full Year 2024 Earnings: In Line With Expectations

NBT Bancorp (NASDAQ:NBTB) Full Year 2024 Results

Key Financial Results

• Revenue: US$557.3m (up 14% from FY 2023).
• Net income: US$140.6m (up 18% from FY 2023).
• Profit margin: 25% (up from 24% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: US$2.98 (up from US$2.67 in FY 2023).

NBTB Banking Performance Indicators

• Net interest margin (NIM): 3.23% (down from 3.29% in FY 2023).
• Non-performing loans: 0.52% (up from 0.39% in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

NBT Bancorp Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

In the last 12 months, the only revenue segment was Community Banking Industry contributing US$557.3m. The largest operating expense was General & Administrative costs, amounting to US$322.1m (77% of total expenses). Explore how NBTB's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are down 5.3% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for NBT Bancorp you should know about.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.