NBT Bancorp reports Q2 EPS 69c, consensus 66c
Reports Q2 book value per share $24.65. Reports Q2 CET1 capital ratio 10.95%. Reports Q2 net charge-offs .39%. Noninterest income for the three months ended June 30 was $34.2M, up $400,000, or 1.2%, from the prior quarter and comparable with Q2 of 2018. "For the first six months of 2019, we achieved double-digit year-over-year growth with earnings per share and net income up 10% over the same period in 2018," said NBT president and CEO John Watt, Jr. "Positive trends in net interest income and tangible capital growth demonstrate we are effectively managing our business and growing earnings while investing in our long-term strategies. Our team remains focused on building shareholder value by delivering a great customer experience. Relentless focus on process improvement and digitization will permit reinvestment of the productivity gains created into the customer experience."