NBT Bancorp Inc. (NBTB) Q3 2024 Earnings Call Transcript Summary
NBT Bancorp Inc. (NBTB) Q3 2024 Earnings Call Transcript Summary
Reported net interest margin for Q3 2024 was 3.27%, which increased by 9 basis points from the prior quarter.The following is a summary of the NBT Bancorp Inc. (NBTB) Q3 2024 Earnings Call Transcript:
以下是nbt bancorp inc.（NBTB）2024年第3季度業績電話會議交易摘要：
Financial Performance:
金融業績：
NBT Bancorp reported Q3 2024 net income of $38.1 million, or $0.80 per share, an increase of $5.4 million or $0.11 per share from the prior quarter.
Tangible book value per share reached an all-time high of $23.83 as of September 30, up $1.29 per share from the end of the second quarter.
Reported net interest margin for Q3 2024 was 3.27%, which increased by 9 basis points from the prior quarter.
Total loans grew by $256 million for the year, a 3.5% annualized increase, with notable growth in C&I, commercial real estate, indirect auto, and residential lending portfolios.
Total deposits rose by $619.3 million since December 2023, showcasing growth in commercial, consumer, and municipal deposits.
NBt Bancorp報告2024年第三季度淨利潤爲3810萬美元，每股盈利0.80美元，較上一季度增長540萬美元或每股0.11美元。
每股有形賬面價值於9月30日達到歷史最高水平23.83美元，較第二季度末每股增加1.29美元。
2024年第三季度報告的淨利息收益率爲3.27%，較上一季度提高9個點子。
全年貸款總額增長了25600萬美元，年增長率爲3.5%，其中在商業與工業、商業房地產、間接汽車和住宅貸款組合中有顯着增長。
自2023年12月以來，存款總額增加了61930萬美元，展示了商業、消費和市政存款的增長。
Business Progress:
業務進展：
NBT Bancorp declared a $0.34 quarterly cash dividend, marking a 6.3% increase from the previous year and 12 consecutive years of annual dividend increases.
Announced a merger with Evans Bancorp, Inc., aiming to extend their footprint into the Buffalo and Rochester markets, enhancing their position as the largest community bank in Upstate New York.
Expects to close the merger with Evans Bancorp in Q2 2025, pending shareholder and regulatory approvals.
nbt bancorp宣佈每季度派發0.34美元現金股息，較去年同期增長6.3%，連續12年增加年度股息。
宣佈與埃文斯萬通金控合併，旨在將業務範圍擴展到布法羅和羅切斯特市場，提升其作爲紐約州北部最大社區銀行的地位。
預計於2025年第二季度完成與埃文斯萬通金控的合併，待股東和監管機構批准。
Opportunities:
機會：
Positioned to benefit from substantial investments in a new semiconductor manufacturing complex by Micron Technology near Syracuse, enhancing financial service opportunities in the Upstate New York Chip Corridor.
定位於受益於美光科技在雪城附近投資巨額資金興建新的半導體制造綜合體，增強了紐約州北部芯片走廊的金融服務機會。
Risks:
風險：
Anticipates a need to manage funding costs effectively due to approximately $2 billion in variable rate loans repricing almost immediately, in response to changes in the federal funds rate.
預計需要有效管理資金成本，因爲約20億美元的浮動利率貸款幾乎立即重新定價，以響應聯邦基金利率的變化。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
