NBT Bancorp (NBTB) Releases Earnings Results, Beats Expectations By $0.02 EPS

NBT Bancorp (NBTB) reported quarterly earnings results on Monday, Jul-25-2016. The company said it had a profit of $0.46 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.44. The company posted revenue of $95.39 million in the period, compared to analysts expectations of $93.89 million. The company’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.

NBT Bancorp closed down -0.06 points or -0.20% at $29.69 with 57,946 shares getting traded on Wednesday. Post opening the session at $29.92, the shares hit an intraday low of $29.59 and an intraday high of $29.92 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Jan 19, 2016, Michael J Chewens (Sr EVP & CFO) sold 1,969 shares at $24.96 per share price. According to the SEC, on Jan 19, 2016, David E Raven (President of Retail Banking) sold 2,183 shares at $24.95 per share price. On Jan 19, 2016, Jeffrey M Levy (EVP/ Pres Commercial Banking) sold 1,503 shares at $24.97 per share price, according to the Form-4 filing with the securities and exchange commission.

NBT Bancorp Inc. is a financial holding company. The Company through its subsidiaries consists of providing commercial banking and financial services to customers in its market area. The Company primarily operates through NBT Bank National Association (NBT Bank or the Bank) and other subsidiaries which provides a range of financial products to individuals corporations and municipalities throughout the central and upstate New York northeastern Pennsylvania western Massachusetts southern New Hampshire Vermont and the greater Portland Maine area. Deposit products offered by the Bank include demand deposit accounts savings accounts negotiable order of withdrawal (NOW) accounts money market deposit accounts (MMDA) and certificate of deposit (CD) accounts. The Bank also offers trust and investment and financial planning and life insurance services.

NBT Bancorp

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