NBT Bancorp Q1 2024 Adj EPS $0.68, Inline, Sales $140.566M Beat $135.325M Estimate
Portfolio Pulse from Benzinga Newsdesk
NBT Bancorp (NBTB) reported Q1 2024 earnings of $0.68 per share, meeting analyst estimates, with sales of $140.566M surpassing the $135.325M forecast, marking an 11.14% increase from the previous year.
April 22, 2024 | 8:36 pm
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NBT Bancorp reported Q1 2024 earnings per share of $0.68, aligning with expectations, and sales of $140.566M, exceeding estimates by 3.87% and showing a significant year-over-year growth.
Meeting earnings estimates while exceeding revenue forecasts, especially with a notable year-over-year sales increase, is likely to be viewed positively by investors. This performance indicates solid operational efficiency and could lead to a positive short-term impact on NBTB's stock price.
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IMPORTANCE 90
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