NBT Bancorp Inc.

NasdaqGS:NBTB Stock Report

Market Cap: US$2.4b

NBT Bancorp Past Earnings Performance

Past criteria checks 5/6

NBT Bancorp has been growing earnings at an average annual rate of 0.5%, while the Banks industry saw earnings growing at 2.8% annually. Revenues have been growing at an average rate of 7% per year. NBT Bancorp's return on equity is 9.6%, and it has net margins of 26.4%.

Key information

0.55%

Earnings growth rate

-3.07%

EPS growth rate

Banks Industry Growth11.18%
Revenue growth rate7.00%
Return on equity9.59%
Net Margin26.36%
Last Earnings Update31 Mar 2026

Recent past performance updates

Recent updates

Narrative Update • Feb 07

NBTB: Buybacks And Stable Credit Costs Will Support Measured Upside Potential

Analysts have nudged their price target for NBT Bancorp higher to about $48.50, citing updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E that modestly adjust their outlook while keeping the overall thesis intact. What's in the News NBT Bancorp repurchased 250,000 shares between October 1, 2025 and December 31, 2025, representing 0.48% of shares for $10.2 million under its existing buyback program (Key Developments).
Narrative Update • Dec 10

NBTB: Expanded Buybacks Will Support Long-Term Upside Potential Through 2027

Analysts have modestly revised their price target on NBT Bancorp higher to approximately 47.80 dollars, reflecting steady expectations for fair value, discount rate, revenue growth, profit margin, and future price-to-earnings multiples that collectively support a stable long-term outlook. What's in the News Third quarter 2025 total loan net charge offs increased to 4.3 million dollars from 3.92 million dollars a year earlier, indicating slightly higher credit costs (Key Developments) NBT Bancorp increased its equity buyback plan on October 27, 2025, raising remaining authorization to 2,000,000 shares and extending the program through December 31, 2027, bringing total authorization to 4,555,000 shares (Key Developments) Between July 1 and September 30, 2025, the company repurchased no additional shares, leaving total repurchases under the January 3, 2022 buyback at 563,100 shares, or 1.31 percent of shares, for 19.91 million dollars (Key Developments) Valuation Changes Fair Value Estimate remained unchanged at 47.80 dollars per share, indicating no shift in the model’s intrinsic value assessment.
Narrative Update • Nov 25

NBTB: Share Buyback Expansion Will Support Upside Potential Through 2027

Narrative Update on NBT Bancorp Price Target Analysts have revised their price target for NBT Bancorp downward from $50.17 to $47.80, citing a more modest outlook on revenue growth and profit margins. What's in the News NBT Bancorp reported total loan net charge-offs of $4.3 million for the third quarter ended September 30, 2025, compared to $3.92 million a year ago (Key Developments).
Seeking Alpha • Sep 17

NBT Bancorp: Recent Acquisition Is The Biggest Earnings Catalyst, Buy

Summary Loans jumped up in the second quarter due to the Evans Bancorp acquisition. Growth will slow down because of weaknesses in NBT Bancorp’s Northeastern markets. The margin will likely suffer slightly in a falling interest rate environment because of the large balance of floating-rate loans. Cost savings will likely boost the bottom line. I’m expecting the EPS to grow by 10% to $3.26 in 2025 and then grow by 24% to $4.04 in 2026. I’m adopting a buy rating on NBTB based on a price upside of6.6% and dividend yield of 3.5%. Read the full article on Seeking Alpha
Analysis Article • Aug 01

NBT Bancorp Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

NBT Bancorp Inc. ( NASDAQ:NBTB ) came out with its quarterly results last week, and we wanted to see how the business...
Seeking Alpha • Mar 30

NBT Bancorp: Fairly Valued With Limited Growth Prospects

Summary NBT Bancorp has a strong track record, outperforming peers during crises and maintaining stability, thanks to a diversified business model. The bank has produced slow but steady growth, and M&A should aid this further in the near-term. The bank faces geographic challenges, relying heavily on the plodding upstate New York market. Semiconductor investments in upstate New York could be a big catalyst, but these funds may get tied up due to political shifts. NBTB stock is fairly valued and has a solid dividend growth story, but the starting valuation isn't particularly compelling today. Read the full article on Seeking Alpha
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New Narrative • Sep 24

Calculated Growth And Diversification Brighten The Bank's Financial Horizon

Strategic dividend increases and sector expansions, particularly in tech and semiconductors, underscore robust financial health and market growth opportunities.
Analysis Article • Jul 26

NBT Bancorp (NASDAQ:NBTB) Has Announced That It Will Be Increasing Its Dividend To $0.34

The board of NBT Bancorp Inc. ( NASDAQ:NBTB ) has announced that it will be paying its dividend of $0.34 on the 13th of...

Revenue & Expenses Breakdown

How NBT Bancorp makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGS:NBTB Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 266971843840
31 Dec 256651693720
30 Sep 256301503630
30 Jun 255911333520
31 Mar 255691443400
31 Dec 245571413330
30 Sep 245391353210
30 Jun 245171223090
31 Mar 245031192990
31 Dec 234901192880
30 Sep 234891242830
30 Jun 234931392800
31 Mar 235011472790
31 Dec 225011522760
30 Sep 224981532720
30 Jun 224921522670
31 Mar 224911542620
31 Dec 214871552580
30 Sep 214831522540
30 Jun 214741492500
31 Mar 214471342450
31 Dec 204111042430
30 Sep 20399992430
30 Jun 20398962420
31 Mar 204071022420
31 Dec 194301212410
30 Sep 194211212390
30 Jun 194141182380
31 Mar 194101162360
31 Dec 184021132320
30 Sep 184001022260
30 Jun 18390952200
31 Mar 18381882160
31 Dec 17374822120
30 Sep 17364842100
30 Jun 17359812090
31 Mar 17358802070
31 Dec 16355782060
30 Sep 16358782050
30 Jun 16358782020
31 Mar 16355772000
31 Dec 15353762000
30 Sep 15347761960
30 Jun 15342671950

Quality Earnings: NBTB has high quality earnings.

Growing Profit Margin: NBTB's current net profit margins (26.4%) are higher than last year (25.2%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: NBTB's earnings have grown by 0.5% per year over the past 5 years.

Accelerating Growth: NBTB's earnings growth over the past year (27.9%) exceeds its 5-year average (0.5% per year).

Earnings vs Industry: NBTB earnings growth over the past year (27.9%) exceeded the Banks industry 22.8%.

Return on Equity

High ROE: NBTB's Return on Equity (9.6%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/21 03:02
End of Day Share Price 2026/05/21 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

NBT Bancorp Inc. is covered by 11 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Daniel CardenasBrean Capital Historical (Janney Montgomery)
Jacob CivielloD.A. Davidson & Co.
null nullD.A. Davidson & Co.