NBT Bancorp Inc., a financial holding company, provides commercial banking, retail banking, and wealth management services.
Flawless balance sheet established dividend payer.
Share Price & News
How has NBT Bancorp's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NBTB's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: NBTB exceeded the US Banks industry which returned -33.7% over the past year.
Return vs Market: NBTB exceeded the US Market which returned -14.9% over the past year.
Price Volatility Vs. Market
How volatile is NBT Bancorp's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StHere's What We Think About NBT Bancorp Inc.'s (NASDAQ:NBTB) CEO Pay
4 weeks ago | Simply Wall StDon't Sell NBT Bancorp Inc. (NASDAQ:NBTB) Before You Read This
1 month ago | Simply Wall StNBT Bancorp Inc. (NASDAQ:NBTB)'s Could Be A Buy For Its Upcoming Dividend
Is NBT Bancorp undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NBTB ($32.27) is trading below our estimate of fair value ($45.61)
Significantly Below Fair Value: NBTB is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: NBTB is poor value based on its PE Ratio (11.7x) compared to the Banks industry average (8.6x).
PE vs Market: NBTB is good value based on its PE Ratio (11.7x) compared to the US market (12.5x).
Price to Earnings Growth Ratio
PEG Ratio: NBTB's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: NBTB is overvalued based on its PB Ratio (1.3x) compared to the US Banks industry average (0.8x).
How is NBT Bancorp forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NBTB's earnings are forecast to decline over the next 3 years (-5.4% per year).
Earnings vs Market: NBTB's earnings are forecast to decline over the next 3 years (-5.4% per year).
High Growth Earnings: NBTB's earnings are forecast to decline over the next 3 years.
Revenue vs Market: NBTB's revenue (3.8% per year) is forecast to grow slower than the US market (7.1% per year).
High Growth Revenue: NBTB's revenue (3.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NBTB's Return on Equity is forecast to be low in 3 years time (9%).
How has NBT Bancorp performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NBTB has high quality earnings.
Growing Profit Margin: NBTB's current net profit margins (28.1%) are higher than last year (28%).
Past Earnings Growth Analysis
Earnings Trend: NBTB's earnings have grown by 11.6% per year over the past 5 years.
Accelerating Growth: NBTB's earnings growth over the past year (7.5%) is below its 5-year average (11.6% per year).
Earnings vs Industry: NBTB earnings growth over the past year (7.5%) underperformed the Banks industry 10.9%.
Return on Equity
High ROE: NBTB's Return on Equity (10.8%) is considered low.
How is NBT Bancorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: NBTB has a low level of unsold assets or inventory.
Debt Coverage by Assets: NBTB's debt is not covered by short term assets (assets are 0.3x debt).
Financial Institutions Analysis
Asset Level: NBTB's level of assets compared to its equity is low.
Allowance for Bad Loans: NBTB has a sufficient allowance for bad loans.
Low Risk Liabilities: NBTB's liabilities are made up of primarily low risk sources of funding.
Loan Level: NBTB has an acceptable proportion of non-loan assets held.
Low Risk Deposits: NBTB's loans are broadly funded by customer deposits.
Level of Bad Loans: NBTB has an appropriate level of bad loans (0.4%)
What is NBT Bancorp's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: NBTB's dividend (3.35%) is higher than the bottom 25% of dividend payers in the US market (2.04%).
High Dividend: NBTB's dividend (3.35%) is low compared to the top 25% of dividend payers in the US market (5.7%).
Stability and Growth of Payments
Stable Dividend: NBTB's dividends per share have been stable in the past 10 years.
Growing Dividend: NBTB's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (38%), NBTB's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: NBTB's dividends in 3 years are forecast to be well covered by earnings (45.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
John Watt (61yo)
Mr. John H. Watt, Jr. has 31 years of experience in the financial services industry. He joined NBT Bank in 2014 following the sale of Alliance Financial Corporation to NBT. He played a leadership role in N ...
CEO Compensation Analysis
Compensation vs Market: John's total compensation ($USD2.17M) is below average for companies of similar size in the US market ($USD4.70M).
Compensation vs Earnings: John's compensation has increased by more than 20% in the past year.
|Executive Vice President and President of Retail Community Banking||1.25yrs||US$825.14k||0.16% $2.3m|
|Executive VP & President of Wealth Management||8.08yrs||US$884.10k||0.15% $2.1m|
|Executive VP & President of Commercial Banking||3.25yrs||US$718.24k||0.011% $156.6k|
|Executive VP & CFO||0.42yr||no data||0.0057% $80.6k|
|Senior VP||no data||no data||no data|
|Senior VP & Chief Accounting Officer||0.42yr||no data||0.016% $223.5k|
|Executive VP||0.67yr||no data||0.0034% $48.4k|
|Senior VP & Director of Corporate Communications||no data||no data||no data|
|Executive VP and Chief Ethics & Human Resources Officer||no data||no data||0.12% $1.7m|
Experienced Management: NBTB's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
|Chairman of the Board||3.92yrs||US$179.79k||0.29% $4.1m|
|Independent Director||3.33yrs||US$102.28k||0.0083% $117.0k|
|Lead Director||no data||US$125.81k||0.074% $1.0m|
|Independent Director||7.08yrs||US$106.51k||0.13% $1.8m|
|Independent Director||3.92yrs||US$118.21k||0.042% $588.9k|
|Independent Director||9.25yrs||US$100.27k||0.073% $1.0m|
|Independent Director||17.25yrs||US$125.69k||0.058% $821.0k|
|Independent Director||13.42yrs||US$101.08k||0.035% $500.4k|
|Independent Director||9.25yrs||US$109.81k||0.017% $235.7k|
Experienced Board: NBTB's board of directors are considered experienced (7.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
NBT Bancorp Inc.'s company bio, employee growth, exchange listings and data sources
- Name: NBT Bancorp Inc.
- Ticker: NBTB
- Exchange: NasdaqGS
- Founded: 1856
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$1.415b
- Shares outstanding: 43.84m
- Website: https://www.nbtbancorp.com
Number of Employees
- NBT Bancorp Inc.
- 52 South Broad Street
- New York
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|NBTB||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Oct 1990|
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 commercial and industrial, commercial real estate, agricultural, and commercial construction loans; indirect and direct consumer, home equity, direct loans, mortgages, business banking loans, and commercial loans; and residential real estate loans, as well as development loans. It also provides trust and investment services; financial planning and life insurance services; and retirement plan consulting 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. As of December 31, 2018, it had 151 banking locations and 182 ATMs in Pennsylvania, Vermont, Massachusetts, New Hampshire, and Maine. NBT Bancorp Inc. was founded in 1856 and is headquartered in Norwich, New York.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/04 00:11|
|End of Day Share Price||2020/04/03 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.