NBT Bancorp Reports Q4 Earnings Miss
NORWICH, N.Y. – NBT Bancorp Inc. (NBTB) announced a profit of $36 million for the fourth quarter, translating to earnings of 76 cents per share. Adjusted for non-recurring costs, earnings reached 77 cents per share.
Analysts' expectations were not met, as Zacks Investment Research's survey projected earnings of 78 cents per share. Revenue for the quarter was $200.2 million, with net interest revenue of $149.2 million, exceeding Street forecasts.
For the year, NBT Bancorp recorded a profit of $140.6 million ($2.97 per share) on revenue of $579.5 million.