NBT Bancorp Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

NBT Bancorp Inc. (NASDAQ:NBTB) came out with its quarterly results last week, and we wanted to see how the business is performing and what industry forecasters think of the company following this report. It looks like a credible result overall - although revenues of US$171m were what the analysts expected, NBT Bancorp surprised by delivering a (statutory) profit of US$0.44 per share, an impressive 27% above what was forecast. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early.

Following the latest results, NBT Bancorp's seven analysts are now forecasting revenues of US$693.0m in 2025. This would be a notable 17% improvement in revenue compared to the last 12 months. Per-share earnings are expected to expand 10% to US$3.12. Before this earnings report, the analysts had been forecasting revenues of US$690.9m and earnings per share (EPS) of US$2.99 in 2025. So the consensus seems to have become somewhat more optimistic on NBT Bancorp's earnings potential following these results.

See our latest analysis for NBT Bancorp

There's been no major changes to the consensus price target of US$50.17, suggesting that the improved earnings per share outlook is not enough to have a long-term positive impact on the stock's valuation. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. Currently, the most bullish analyst values NBT Bancorp at US$55.00 per share, while the most bearish prices it at US$47.00. Even so, with a relatively close grouping of estimates, it looks like the analysts are quite confident in their valuations, suggesting NBT Bancorp is an easy business to forecast or the the analysts are all using similar assumptions.

Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. It's clear from the latest estimates that NBT Bancorp's rate of growth is expected to accelerate meaningfully, with the forecast 37% annualised revenue growth to the end of 2025 noticeably faster than its historical growth of 6.0% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 7.6% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that NBT Bancorp is expected to grow much faster than its industry.

The Bottom Line

The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards NBT Bancorp following these results. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At Simply Wall St, we have a full range of analyst estimates for NBT Bancorp going out to 2026, and you can see them free on our platform here..

Before you take the next step you should know about the 1 warning sign for NBT Bancorp that we have uncovered.

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.