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NBT Bancorp Inc.

NBT Bancorp Inc.

NASDAQ•NBTB
CEO: Mr. Scott A. Kingsley CPA
Sector: Financial Services
Industry: Banks - Regional
Listing Date: 1992-03-17
NBT Bancorp Inc., a financial holding company, provides commercial banking, retail banking, and wealth management services. Its deposit products include demand deposit, savings, negotiable order of withdrawal, money market deposit, and certificate of deposit accounts. The company's loan portfolio comprises indirect and direct consumer, home equity, mortgages, business banking loans, and commercial loans; commercial and industrial, commercial real estate, agricultural, and commercial construction loans; and residential real estate loans. It also provides trust and investment services; financial planning and life insurance services; and retirement plan administration and recordkeeping services. In addition, the company offers insurance products comprising personal property and casualty, business liability, and commercial insurance, as well as other products and services through 24-hour online, mobile, and telephone channels that enable customers to check balances, make deposits, transfer funds, pay bills, access statements, apply for loans, and access various other products and services. Further, it operates as a property management and passive investment company, as well as investment advisor that provides investment management and financial consulting services. The company operates in upstate New York, northeastern Pennsylvania, southern New Hampshire, western Massachusetts, Vermont, southern Maine, and central and northwestern Connecticut. NBT Bancorp Inc. was founded in 1856 and is headquartered in Norwich, New York.
Contact Information
52 South Broad Street, Norwich, NY, 13815, United States
607-337-2265
www.nbtbancorp.com
Market Cap
$2.23B
P/E (TTM)
13.4
15.2
Dividend Yield
3.3%
52W High
$49.43
52W Low
$37.31
52W Range
45%
Rank39Top 29.7%
4.6
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.6 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$238.77M+18.53%
4-Quarter Trend

EPS

$1.16+43.21%
4-Quarter Trend

FCF

$74.35M+55.46%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Strong NII Growth Post-Acquisition Nine-month Net Interest Income reached $366.1M, a 24.5% increase, driven by the Evans acquisition impact and higher asset yields.
Asset Quality Stable Post-Acquisition ACL totaled $139.0M (1.20% of loans); 9-month provision included $13.0M related to the Evans loan acquisition.
Robust Capital Ratios Maintained Tier 1 Leverage ratio stood at 9.34%, significantly exceeding regulatory minimums, reflecting strong capital adequacy post-merger.
Significant Asset Base Expansion Total assets reached $16.11B following the May 2025 Evans acquisition, which added $1.67B in loans and $1.86B in deposits.

Risk Factors

Potential Problem Loan Increase Potential problem loans rose to $211.3M, largely due to acquired commercial loans from Evans, requiring ongoing management vigilance.
Interest Rate Sensitivity Exposure Sensitivity analysis indicates potential NIM compression, projecting modest NII decrease in declining rate scenarios (up to 1.14% drop).
Funding Cost and Liquidity Focus Management monitors liquidity closely, noting potential reliance on higher-cost funding if deposit growth lags asset growth expectations.
Integration Expense Recognized Acquisition expenses totaled $19.5M for the nine months, reflecting ongoing costs associated with the full integration of Evans Bancorp.

Outlook

NIM Outlook Tied to Rates Future Net Interest Income trajectory depends heavily on the timing of short to mid-term interest rate movements and FOMC policy.
Economic Forecast Sensitivity Allowance for credit losses remains sensitive to macroeconomic forecasts; stagflation scenario weighted at 30% for current modeling.
Maintaining Liquidity Buffer Basic Surplus remains strong at 17.2% of assets, above the 5% minimum policy, supporting liquidity management goals.
Evaluating Tax Legislation Impact The recently enacted tax bill provisions are being evaluated, though management does not currently expect a material impact on financials.

Peer Comparison

Revenue (TTM)

Hilltop Holdings Inc.HTH
$1.55B
+1.1%
Customers Bancorp, Inc.CUBI
$1.34B
-4.8%
Trustmark CorporationTRMK
$1.13B
+35.7%

Gross Margin (Latest Quarter)

Banner CorporationBANR
98.4%
+27.5pp
Enterprise Financial Services CorpEFSC
83.6%
+20.5pp
NBT Bancorp Inc.NBTB
76.6%
+5.2pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
TRMK$2.41B10.910.9%2.8%
CUBI$2.40B13.99.2%6.1%
NBTB$2.23B13.48.9%1.1%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
6.2%
Steady Growth
4Q Net Income CAGR
14.8%
Profitability Improving
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Jan 26, 2026
|
EPS:$0.99
|
Revenue:-
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 7, 2025|
    Revenue: $238.77M+18.5%
    |
    EPS: $1.16+43.2%
    Beat

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 8, 2025|
    Revenue: $224.02M+15.9%
    |
    EPS: $0.48-30.4%
    Miss

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 9, 2025|
    Revenue: $201.20M+4.9%
    |
    EPS: $0.78+8.3%
    Beat

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 28, 2025|
    Revenue: $785.99M+18.7%
    |
    EPS: $2.98+11.6%
    Beat

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 8, 2024|
    Revenue: $201.44M+14.0%
    |
    EPS: $0.81+50.0%
    Beat

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 9, 2024|
    Revenue: $193.28M+27.2%
    |
    EPS: $0.69-1.4%
    Meet

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 9, 2024|
    Revenue: $191.78M+32.5%
    |
    EPS: $0.72-7.7%
    Beat

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 29, 2024|
    Revenue: $662.35M+23.3%
    |
    EPS: $2.67-24.6%
    Beat