NBT Bancorp: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
NBT Bancorp (NASDAQ:NBTB) reported Q4 earnings with an EPS of $0.72, missing estimates by 4.0% against the expected $0.75. However, revenue increased by $3.79 million compared to the same period last year. In the previous quarter, NBT Bancorp beat EPS estimates which led to a 7.63% rise in share price the following day. The company's past earnings performance shows mixed results with both beats and misses on EPS and revenue estimates.
January 23, 2024 | 9:30 pm
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NBT Bancorp reported a miss in Q4 earnings with an EPS of $0.72, which is lower than the estimated $0.75, but showed an increase in revenue compared to last year.
Missing the EPS estimate is likely to have a negative impact on NBT Bancorp's stock price in the short term, as earnings misses often lead to a decrease in investor confidence. However, the increase in revenue might offset some of the negative impact. The company's history of a share price increase following an earnings beat last quarter suggests that the market is responsive to its earnings reports. The mixed past performance may lead to cautious optimism among investors.
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