Loading…
NBT Bancorp Inc., a financial holding company, provides personal and commercial banking, retail banking, and wealth management services in the United States. It operates through Banking, Retirement Plan Administration, and All Other segments. The company offers demand deposit, savings, interest-bearing checking, money market deposit, and certificate of deposit accounts; and indirect and direct consumer loans, home equity loans and lines of credit, residential mortgages, business banking loans, commercial and industrial loans, agricultural loans, commercial construction loans, commercial real estate loans, indirect auto loans, and other consumer loans, as well as agricultural lending, personal lines of credit, overdraft protection, and second mortgage loans. It also provides trust and investment services; financial planning and life insurance services; and retirement plan and health savings account recordkeeping and administration, and actuarial services. In addition, the company offers insurance products, such as personal property and casualty, business liability, and commercial insurance; and other products and services through a network of ATM locations and 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 serves retail, commercial, and municipal customers. It 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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $694M | - | $169M | $219M | 8.9% | 20.9% | 20.3% |
| 2024 | $574M | - | $141M | $177M | 9.2% | 10.9% | 18.4% |
| 2023 | $518M | - | $119M | $148M | 8.3% | 0.5% | -21.9% |
| 2022 | $515M | - | $152M | $176M | 13.0% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 515.12 | 517.78 | 574.44 | 694.39 |
| Operating Revenue | - | 515.12 | 517.78 | 574.44 | 694.39 |
| Selling General And Administration | - | 193.85 | 203.56 | 242.64 | 269.38 |
| Interest Income | - | 384.07 | 522.79 | 611.67 | 710.99 |
| Interest Expense | - | 21.88 | 144.57 | 211.55 | 209.45 |
| Net Interest Income | - | 362.19 | 378.22 | 400.12 | 501.55 |
| Pretax Income | - | 196.16 | 153.46 | 179.46 | 219.44 |
| Tax Provision | - | 44.16 | 34.68 | 38.82 | 50.21 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.22 | -2.26 | -0.33 | -4.47 |
| Net Income Continuous Operations | - | 152 | 118.78 | 140.64 | 169.24 |
| Net Income From Continuing And Discontinued Operation | - | 152 | 118.78 | 140.64 | 169.24 |
| Net Income From Continuing Operation Net Minority Interest | - | 152 | 118.78 | 140.64 | 169.24 |
| Net Income | - | 152 | 118.78 | 140.64 | 169.24 |
| Net Income Common Stockholders | - | 152 | 118.78 | 140.64 | 169.24 |
| Net Income Including Noncontrolling Interests | - | 152 | 118.78 | 140.64 | 169.24 |
| Normalized Income | - | 152.74 | 126.50 | 141.84 | 184.29 |
| Diluted NI Availto Com Stockholders | - | 152 | 118.78 | 140.64 | 169.24 |
| Basic Average Shares | - | 42.94 | 44.49 | 47.19 | 50.67 |
| Diluted Average Shares | - | 43.18 | 44.77 | 47.43 | 50.88 |
| Reconciled Depreciation | - | 19.06 | 22.27 | 27.50 | 33.53 |
| Total Unusual Items | - | -0.97 | -9.98 | -1.53 | -19.53 |
| Total Unusual Items Excluding Goodwill | - | -0.97 | -9.98 | -1.53 | -19.53 |
| Special Income Charges | - | -0.97 | -9.98 | -1.53 | -19.53 |
| Restructuring And Mergern Acquisition | - | 0.97 | 9.98 | 1.53 | 19.53 |
| Gain On Sale Of Security | - | -1.13 | -9.32 | 2.79 | 0.15 |
| Depreciation Amortization Depletion Income Statement | - | 2.26 | 4.73 | 8.44 | 11.94 |
| Depreciation And Amortization In Income Statement | - | 2.26 | 4.73 | 8.44 | 11.94 |
| General And Administrative Expense | - | 191.03 | 200.51 | 239.25 | 265.37 |
| Other Gand A | 23 | - | - | - | - |
| Salaries And Wages | - | 187.83 | 194.25 | 232.49 | 257.48 |
| Insurance And Claims | - | 3.20 | 6.26 | 6.76 | 7.89 |
| Selling And Marketing Expense | - | 2.82 | 3.05 | 3.39 | 4.01 |
| Amortization | - | 2.26 | 4.73 | 8.44 | 11.94 |
| Amortization Of Intangibles Income Statement | - | 2.26 | 4.73 | 8.44 | 11.94 |
| Occupancy And Equipment | - | 26.28 | 28.41 | 31.31 | 36.38 |
| Professional Expense And Contract Services Expense | - | 16.81 | 17.60 | 19.13 | 21.74 |
| Other Non Interest Expense | - | 61.65 | 74.76 | 72.32 | 83.72 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| NBT Bancorp Inc.this co. | NBTB | $2.4B | 14.27↑ premium | 1.27 | 8.9% | - |
| WaFd, Inc. | WAFD | $2.6B | 11.63 | 0.96 | 8.3% | - |
| Trustmark Corporation | TRMK | $2.6B | 11.51 | 1.22 | 10.6% | - |
| Customers Bancorp, Inc. | CUBI | $2.5B | 11.31 | 1.20 | 10.6% | - |
| SiriusPoint Ltd. | SPNT | $2.5B | 5.38 |
| - |
| - |
| - |
| - |
| 1.09 |
| 20.2% |
| - |
| First Bancorp | FBNC | $2.5B | 22.27 | 1.49 | 6.7% | - |
| The Western Union Company | WU | $2.4B | 4.82 | 2.52 | 52.2% | 4.15 |
| Beacon Financial Corporation | BBT | $2.4B | 26.55 | 0.96 | 3.6% | - |
| The Bancorp, Inc. | TBBK | $2.2B | 9.77 | 3.23 | 33.1% | - |
| Peer Median | - | 11.41 | 1.21 | 10.6% | 4.15 | |