Benzinga | Jul 27, 2020 05:06PM EDT

Recap: NBT Bancorp Q2 Earnings

Shares of NBT Bancorp (NASDAQ:NBTB) were unchanged in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share fell 17.39% year over year to $0.57, which beat the estimate of $0.46.

Revenue of $115,457,000 rose by 2.29% year over year, which beat the estimate of $114,390,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Price Action

Company's 52-week high was at $41.50

52-week low: $26.32

Price action over last quarter: down 10.56%

Company Description

NBT Bancorp Inc is a financial holding company that operates primarily through its subsidiaries. The company's principal sources of revenue include management fees and dividends it receives through its subsidiaries. NBT Bank is a full-service community bank offering a full range of retail and commercial banking products, as well as trust and investment services. Loans products include consumer loans, home equity loans, mortgages, business banking loans, and commercial loans. Nearly half of its loan portfolio is in commercial loans. The bank serves individuals, corporations, and municipalities, and operates scores of locations throughout the states of New York, Pennsylvania, Vermont, Massachusetts, New Hampshire, and Maine.