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NBT Bancorp Q2 Non-GAAP Earnings Drop, Revenue Increases; Dividend Raised
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NBT Bancorp Q2 Non-GAAP Earnings Drop, Revenue Increases; Dividend Raised
Jul 22, 2024 2:36 PM

05:17 PM EDT, 07/22/2024 (MT Newswires) -- NBT Bancorp ( NBTB ) reported Q2 non-GAAP operating earnings late Monday of $0.69 per diluted share, down from $0.80 per share a year earlier.

Analysts polled by Capital IQ expected $0.69.

Revenue, expressed as the sum of net interest income and total noninterest income, for the quarter ended June 30 rose to $140.4 million from $121.1 million a year earlier.

Three analysts surveyed by Capital IQ expected $139.2 million.

The company's board increased its quarterly cash dividend by $0.02 to $0.34 per share, payable Sept. 13 to stockholders of record as of Aug. 30.

NBT Bancorp ( NBTB ) shares were up 3% in after-hours activity.

Price: 47.26, Change: +1.39, Percent Change: +3.03

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