NBT Bancorp Earnings In-Line, KBW Estimates (TRS)

KBW analysts Damon DelMonte and Timur Braziler did not change their estimates after in-line earnings for NBT Bancorp (NASDAQ: NBTB).

"Reported earnings of $0.42 per share were in-line with both KBW and Street estimates as the bank’s earnings were characterized by a lower provision and better fee income which was offset by weaker spread income and higher operating expenses. We look for similar trends to continue over the coming quarters as we maintain our estimates, target and rating."

NBT is currently rated Market Perform by KBW, with a price target of $24.