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NBTB

NBT Bancorp Inc.

NBTB

NBT Bancorp Inc. • NASDAQ
$41.46 ▼ -1.61% (-0.68)
Market Cap $2.17 B
52w High $52.44
52w Low $37.31
Dividend Yield 1.39%
P/E 13.73
Volume 209.32K
Outstanding Shares 52.32M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $238.774M ▲ $111.145M ▼ $54.471M ▲ 22.813% ▲ $1.16 ▲ $75.254M ▲
Q2-2025 $224.02M ▲ $122.121M ▲ $22.51M ▼ 10.048% ▼ $0.48 ▼ $39.115M ▼
Q1-2025 $201.197M ▲ $99.241M ▼ $36.745M ▲ 18.263% ▲ $0.78 ▲ $54.247M ▲
Q4-2024 $199.486M ▼ $100.098M ▲ $36.005M ▼ 18.049% ▼ $0.76 ▼ $52.455M ▼
Q3-2024 $201.444M $95.185M $38.097M 18.912% $0.81 $55.614M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $806.05M ▲ $16.113B ▲ $14.259B ▲ $1.853B ▲
Q2-2025 $723.988M ▲ $16.015B ▲ $14.21B ▲ $1.805B ▲
Q1-2025 $438.79M ▲ $13.864B ▲ $12.298B ▲ $1.566B ▲
Q4-2024 $420.422M ▼ $13.787B ▼ $12.261B ▼ $1.526B ▲
Q3-2024 $1.992B $13.84B $12.318B $1.522B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $54.471M ▲ $80.589M ▲ $-13.821M ▼ $31.911M ▲ $98.679M ▼ $74.349M ▲
Q2-2025 $22.51M ▼ $46.477M ▲ $331.898M ▲ $-90.895M ▼ $287.48M ▲ $50.178M ▲
Q1-2025 $36.745M ▲ $42.005M ▼ $-113.163M ▲ $41.185M ▲ $-29.973M ▲ $38.304M ▼
Q4-2024 $36.005M ▼ $49.167M ▼ $-147.592M ▼ $-99.983M ▼ $-198.403M ▼ $45.541M ▼
Q3-2024 $38.097M $52.132M $-58.01M $280.817M $274.939M $47.825M

Revenue by Products

Product Q2-2018Q3-2018Q4-2018Q2-2025
All Other
All Other
 $0 ▲$0 ▲$0 ▲$0 ▲
Banking Segment
Banking Segment
 $0 ▲$0 ▲$0 ▲$0 ▲
Insurance and Other Financial Services Revenue
Insurance and Other Financial Services Revenue
 $10.00M ▲$10.00M ▲$10.00M ▲$0 ▼

Five-Year Company Overview

Income Statement

Income Statement NBT Bancorp’s income statement shows a bank that has grown its revenue meaningfully over the last five years while keeping operating profits positive and fairly steady. Earnings dipped after their peak a few years ago, then recovered, but are still a bit below earlier highs on a per‑share basis. That pattern suggests some margin pressure and higher costs, but not a breakdown in the business model. Overall profitability remains solid for a regional bank, with a good balance between growth and discipline, though not without some earnings volatility as conditions change.

Balance Sheet

Balance Sheet The balance sheet looks conservative and gradually stronger over time. Total assets have expanded at a healthy pace, reflecting both organic growth and strategic deals, while shareholder equity has been building steadily, which supports resilience and regulatory capital strength. Debt levels rose earlier in the period and have since been pulled back, which points to active balance sheet management. Cash was unusually high a few years ago—likely a pandemic-era liquidity cushion—and has since normalized as funds were put to work. In short, the bank appears reasonably well-capitalized with a growing asset base and controlled leverage.

Cash Flow

Cash Flow Cash generation has been consistent and slightly improving, with operating cash flow and free cash flow tracking closely together. Capital spending has been modest and stable, indicating NBT can fund its technology and branch investments without straining its finances. For a bank, headline cash-flow figures can be noisy, but the overall pattern here—steady inflows, modest outflows for investment, and no obvious signs of stress—supports the picture of a business that converts its earnings into cash reliably.

Competitive Edge

Competitive Edge NBT Bancorp operates as a classic regional community bank with some added strengths. Its long history and local relationships in the Northeast give it customer loyalty and stable deposits, which are valuable in a competitive banking market. It reinforces this with diversified fee businesses in retirement services and insurance, which lessen dependence on interest margins alone. The recent Evans Bancorp merger expands its presence in attractive Western New York markets, adding scale and reach. Risks include intense competition from larger banks and digital challengers, pressure on funding costs, and the usual credit and interest-rate cycles that affect all regional banks, plus the execution risk of integrating acquired franchises.

Innovation and R&D

Innovation and R&D While NBT is not a tech disruptor, it has been a disciplined adopter of mature, proven banking technologies. Its unified digital banking platform, modern lending systems, data analytics tools, and Zelle integration show a clear focus on convenience and efficiency rather than experimental bets. The proprietary GoRetire platform in its retirement services arm adds a more distinctive tech element. Looking ahead, the main questions are how effectively NBT can keep improving its digital experience, use data and (eventually) AI to deepen relationships, and integrate systems from acquisitions, rather than whether it will invent breakthrough technology itself.

Summary

NBT Bancorp comes across as a steady, community-focused regional bank that has used the last five years to grow its franchise, invest in technology, and selectively expand through acquisitions. Financially, it shows rising revenues, solid but somewhat variable earnings, and a strengthening capital base, with no clear signs of overreach on leverage or spending. Strategically, its mix of local banking, fee-based retirement and insurance services, and improving digital capabilities creates a diversified model for its size. The main things to watch are how it manages credit and funding through future rate cycles, how smoothly it integrates Evans Bancorp and any future deals, and whether its ongoing digital and data investments are enough to keep it competitive against much larger and more tech-centric rivals.

NEWS

October 1, 2025 · 8:30 AM UTC

NBT Bancorp Inc. Announces Date of Third Quarter Conference Call

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