Benzinga | Oct 26, 2020 04:55PM EDT

Recap: NBT Bancorp Q3 Earnings

Shares of NBT Bancorp (NASDAQ:NBTB) were unchanged in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share rose 9.59% over the past year to $0.80, which beat the estimate of $0.58.

Revenue of $115,670,000 decreased by 1.79% year over year, which missed the estimate of $116,140,000.

Outlook

NBT Bancorp hasn't issued any earnings guidance for the time being.

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

Recent Stock Performance

52-week high: $41.50

Company's 52-week low was at $26.29

Price action over last quarter: down 2.66%

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.