NBTB Financial Services

NBT Bancorp Inc.

$52.61-1.59%

Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026

Basics

Sector: Financial Services
Industry: Banks - Regional
Country: United States
Market cap: 2.7B USD
Full-time employees: 2,303

Overall health

Strength: growing faster than most peersgrowing faster than peers
About average: profitability and valuation

Ranks #213 of 791 banks & insurance companies (top 27%)

Based on 3 categories: banks and insurers are not rated on risk.

Scored as a bank or insurer: cash-flow, EBITDA, gross margin and current ratio aren’t scored; they are under “Other data”.

See how it ranks against its peers

Worth knowing

Stock pay outran buybacks. Stock-based pay expense $16M vs $15M spent repurchasing shares over the 3 fiscal years to 2025.
Over three fiscal years NBT Bancorp recorded $16M of stock-based pay expense and spent $15M repurchasing shares (repurchases can include shares withheld to cover employees' taxes). Repurchases were smaller than the stock pay, so they did little to offset new employee shares.Over three fiscal years NBT Bancorp recorded $16M of stock-based pay expense and spent $15M repurchasing shares. Repurchases were smaller than the stock pay, so they did little to offset new employee shares.

StockQuotient Score

61/ 100

Oct 5 63 → Nov 4 61 (-2)

Valuation

Is the price right?

43/100

Moderate

2/2 inputs reported · High confidence

Since last year: No major changeValuation also moves with the share price every day.

Why

Close to the peer norm on every measure.

Compare with peers

Behind the score

Earnings yield (P/E) and book yield (P/B) versus other banks and insurers.

Book yield71.1%

SEC filings · latest balance sheetReported value40% base weight · Z-score -0.30Sector median: 0.7950 · MAD: 0.2843

Earnings yield7.8%

SEC filings · 12 months to Jun 2026Reported value60% base weight · Z-score -0.02Sector median: 0.0789 · MAD: 0.0253

Other data (not scored)

EBITDA yieldUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: 0.1095 · MAD: 0.0527

Free cash flow yield9.0%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingReported valueInformational · 0% composite weightSector median: 0.0796 · MAD: 0.0459

Growth

Is it growing?

86/100

Strong

1/1 inputs reported · High confidence

Since last year: ▲ Stronger

12-month revenue up 10.4%

Why

Stronger than most peers on:

▲ EPS growth

Compare with peers

Behind the score

Earnings-per-share growth versus other banks and insurers.

Earnings per share growth61.9%

SEC filings · 12 months to Jun 2026Reported value100% base weight · Z-score 2.59Sector median: 0.1599 · MAD: 0.1775

Other data (not scored)

3-year revenue growth6.7%

SEC filings · 3 years to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0826 · MAD: 0.0558

Revenue growth10.4%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0866 · MAD: 0.0782

Profitability

Does it earn well?

53/100

Moderate▼ 1 since Oct 27 close

2/2 inputs reported · High confidence

Since last year: No major change

Why it changed since the Oct 27, 2026 close: Score 54 → 53

Peer companies moved-1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Close to the peer norm on every measure.

Compare with peers

Behind the score

Return on equity and return on assets versus other banks and insurers.

Return on assets1.3%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score 0.23Sector median: 0.0117 · MAD: 0.0062

Return on equity11.0%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score 0.07Sector median: 0.1074 · MAD: 0.0388

Other data (not scored)

Gross marginUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: Unavailable · MAD: Unavailable

Operating marginUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: 0.1450 · MAD: 0.1678

Return on invested capitalUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: Unavailable · MAD: Unavailable

Risk

Debt, liquidity, price swings

Not rated

Not rated for banks and insurers: debt and share-price swings say little about their risk. We leave it blank rather than fill the gap with a made-up middle value.

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about NBT Bancorp

Is NBT Bancorp getting weaker?: Its latest SEC filing (Aug 7, 2026) showed no major changes. Its overall score is unchanged at 61/100 since Oct 28, 2026.
How is NBT Bancorp valued vs its peers?: Priced about in line with its peers. Valuation scores 43/100 against 950 banks & insurance peers.
Is NBT Bancorp growing?: Yes, faster than most of its peers. Growth scores 86/100 against 950 banks & insurance peers. Earnings per share growth 61.9% vs a peer median of 16.0% (stronger than 86% of peers).Earnings per share growth 61.9% vs peers 16.0% (stronger than 86% of peers).
How profitable is NBT Bancorp?: About as profitable as its peers. Profitability scores 53/100 against 950 banks & insurance peers.
How risky is NBT Bancorp?: Not rated for banks and insurers: debt and share-price swings say little about their risk.

Latest filing: what changed

Year ended Dec 31, 2025 · filed Aug 7, 2026 · compared with the year ended Dec 31, 2024

No major changes

	Previous year	Latest year	Change
Revenue (12 months)	165.7M USD	183.0M USD	+10.4%
Net income (12 months)	149.7M USD	214.2M USD	+43.0%
Free cash flow (12 months)	202.3M USD	245.6M USD	+21.4%
Cash	640.2M USD	294.7M USD	−54.0%
Shares outstanding	52.3M	52.0M	−0.7%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one year at a time.

Industry valuation context

Industry: Banks - Regional · 119 companies

Valuations in Banks - Regional are within their usual range since 2016.

45% of months since 2016 were valued lower than now.
14% of companies are in the most expensive fifth of their own price-to-book history.
Over 24 months, company values +29% and earnings +32% (medians): prices and earnings moved broadly together.
Median price-to-book is −61% vs the whole market, against a usual −59%.

2016Shaded: most expensive fifth of its range2026

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Net margin	102.6%	100.9%	82.1%	84.9%	92.5%	▲ 7.6 pts
Return on assets (ROA)	1.3%	1.3%	0.9%	1.0%	1.1%	▲ 0.0 pts
Return on equity (ROE)	12.4%	13.0%	8.3%	9.2%	8.9%	▼ 0.3 pts
Debt to equity	0.08×	0.50×	0.27×	0.11×	0.08×	▼ 27%

NBTB price history

Price history is added with the daily price update and will appear after the next one.

Similar companies

Sector leaderboards

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Bringing the fundamentals into focus…

Overall health

Strength: growing faster than most peersgrowing faster than peers

About average: profitability and valuation

Ranks #213 of 791 banks & insurance companies (top 27%)

Based on 3 categories: banks and insurers are not rated on risk.

Scored as a bank or insurer: cash-flow, EBITDA, gross margin and current ratio aren’t scored; they are under “Other data”.

See how it ranks against its peers

Worth knowing

Stock pay outran buybacks. Stock-based pay expense $16M vs $15M spent repurchasing shares over the 3 fiscal years to 2025.

Over three fiscal years NBT Bancorp recorded $16M of stock-based pay expense and spent $15M repurchasing shares (repurchases can include shares withheld to cover employees' taxes). Repurchases were smaller than the stock pay, so they did little to offset new employee shares.Over three fiscal years NBT Bancorp recorded $16M of stock-based pay expense and spent $15M repurchasing shares. Repurchases were smaller than the stock pay, so they did little to offset new employee shares.

Questions investors ask about NBT Bancorp

Is NBT Bancorp getting weaker?

Its latest SEC filing (Aug 7, 2026) showed no major changes. Its overall score is unchanged at 61/100 since Oct 28, 2026.

How is NBT Bancorp valued vs its peers?

Priced about in line with its peers. Valuation scores 43/100 against 950 banks & insurance peers.

Is NBT Bancorp growing?

Yes, faster than most of its peers. Growth scores 86/100 against 950 banks & insurance peers. Earnings per share growth 61.9% vs a peer median of 16.0% (stronger than 86% of peers).Earnings per share growth 61.9% vs peers 16.0% (stronger than 86% of peers).

How profitable is NBT Bancorp?

About as profitable as its peers. Profitability scores 53/100 against 950 banks & insurance peers.

How risky is NBT Bancorp?

Not rated for banks and insurers: debt and share-price swings say little about their risk.

Previous year

Latest year

Change

Revenue (12 months)

165.7M USD

183.0M USD

+10.4%

Net income (12 months)

149.7M USD

214.2M USD

+43.0%

Free cash flow (12 months)

202.3M USD

245.6M USD

+21.4%

Cash

640.2M USD

294.7M USD

−54.0%

Shares outstanding

52.3M

52.0M

−0.7%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Net margin

102.6%

100.9%

82.1%

84.9%

92.5%

▲ 7.6 pts

Return on assets (ROA)

1.3%

0.9%

1.0%

1.1%

▲ 0.0 pts

Return on equity (ROE)

12.4%

13.0%

8.3%

9.2%

8.9%

▼ 0.3 pts

Debt to equity

0.08×

0.50×

0.27×

0.11×

0.08×

▼ 27%