NBT BANCORP INC NBTB
NBT Bancorp Inc. is a registered financial holding company incorporated in the state of Delaware in 1986, with its principal headquarters located in Norwich, New York. The principal assets of
NBT Bancorp Inc. consist of all of the outstanding shares of common stock of its subsidiaries, including: NBT Bank, National Association (the "Bank"), NBT Financial Services, Inc. ("NBT Financial"), NBT Holdings, Inc. ("NBT Holdings"), CNBF
Capital Trust I, NBT Statutory Trust I, NBT Statutory Trust II, Alliance Financial Capital Trust I, Alliance Financial Capital Trust II and Evans Capital Trust I (collectively, the "Trusts"). The principal sources of revenue for NBT Bancorp
Inc. are the management fees and dividends it receives from the Bank, NBT Financial and NBT Holdings. Collectively, NBT Bancorp Inc. and its subsidiaries are referred to herein as (the "Company"). As of December 31, 2025, the Company had
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $183.0M | $165.7M | $144.7M | $150.7M | $151.0M | $140.9M | $134.5M | $126.0M | $113.4M | $111.2M |
| Interest expense | $501.5M | $400.1M | $378.2M | $362.2M | $18.8M | $32.6M | $56.0M | $38.6M | $25.9M | $22.5M |
| Pre-tax income | $219.4M | $179.5M | $153.5M | $196.2M | $199.9M | $133.1M | $155.4M | $137.0M | $128.2M | $118.8M |
| Income tax | $50.2M | $38.8M | $34.7M | $44.2M | $45.0M | $28.7M | $34.4M | $24.4M | $46.0M | $40.4M |
| Net income | $169.2M | $140.6M | $118.8M | $152.0M | $154.9M | $104.4M | $121.0M | $112.6M | $82.2M | $78.4M |
| EPS, basic | 3.34 | 2.98 | 2.67 | 3.54 | 3.57 | 2.39 | 2.76 | 2.58 | 1.89 | 1.81 |
| EPS, diluted | 3.33 | 2.97 | 2.65 | 3.52 | 3.54 | 2.37 | 2.74 | 2.56 | 1.87 | 1.80 |
| Shares, diluted (wtd. avg.) | $50.9M | $47.4M | $44.8M | $43.2M | $43.7M | $44.0M | $44.1M | $44.0M | $43.9K | $43.6K |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $487.1M | $284.1M | $205.2M | $197.3M | $1.27B | $672.7M | $216.8M | $181.0M | $159.7M | $149.2M |
| Property, plant and equipment | $99.3M | $80.8M | $80.7M | $69.0M | $72.1M | $74.2M | $75.6M | $79.0M | $81.3M | $84.2M |
| Goodwill | $453.3M | $362.7M | $361.9M | $281.2M | $280.5M | $280.5M | $274.8M | $274.8M | $268.0M | $265.4M |
| Other intangibles | $57.7M | $36.4M | $40.4M | $7.3M | $8.9M | $11.7M | $12.0M | $15.6M | $13.4M | $15.8M |
| Total assets | $16.00B | $13.79B | $13.31B | $11.74B | $12.01B | $10.93B | $9.72B | $9.56B | $9.14B | $8.87B |
| Short-term debt | $148.1M | $162.9M | $386.7M | $585.0M | $97.8M | $168.4M | $655.3M | $871.7M | $719.1M | $681.7M |
| Long-term debt | — | — | — | — | — | — | — | $73.7M | $88.9M | $104.1M |
| Total liabilities | $14.10B | $12.26B | $11.88B | $10.57B | $10.76B | $9.75B | $8.60B | $8.54B | $8.18B | $7.95B |
| Retained earnings | $1.20B | $1.10B | $1.02B | $958.4M | $856.2M | $749.1M | $696.2M | $621.2M | $543.7M | $501.8M |
| Total equity | $1.90B | $1.53B | $1.43B | $1.17B | $1.25B | $1.19B | $1.12B | $1.02B | $958.2M | $913.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $235.2M | $188.6M | $157.5M | $183.2M | $159.2M | $145.3M | $153.5M | $147.8M | $136.9M | $110.6M |
| Stock-based compensation | $5.3M | $6.0M | $5.1M | $4.5M | $4.4M | $4.6M | $4.2M | $3.9M | $3.6M | $4.4M |
| Capital expenditure | $16.3M | $11.7M | $9.3M | $7.0M | $7.7M | $8.2M | $6.6M | $7.4M | $6.7M | $3.3M |
| Investing cash flow | $169.1M | -$399.2M | -$44.2M | -$926.2M | -$547.6M | -$712.6M | -$64.3M | -$417.6M | -$305.2M | -$630.0M |
| Financing cash flow | -$201.2M | $289.5M | -$105.4M | -$328.7M | $984.8M | $1.02B | -$53.2M | $291.1M | $178.8M | $528.3M |
| Dividends paid | $72.6M | $62.3M | $55.9M | $49.8M | $47.7M | $47.2M | $46.0M | $43.3M | $40.1M | $38.9M |
| Buybacks | $10.2M | $251.0K | $4.9M | $14.7M | $21.7M | $8.0M | $0 | $0 | $0 | $17.2M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-013237.
Others in SIC 6021
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| JPM | JPMORGAN CHASE & CO | $953.33B | 17.9x | 2.8% |
| BAC | BANK OF AMERICA CORP /DE/ | $438.31B | 16.5x | 6.8% |
| WFC | WELLS FARGO & COMPANY/MN | $272.07B | 14.4x | -3.8% |
| C | CITIGROUP INC | $240.92B | 19.7x | 5.6% |
| COF | CAPITAL ONE FINANCIAL CORP | $136.66B | 54.5x | 36.3% |
| USB | US BANCORP \DE\ | $98.73B | 13.7x | 4.4% |
| PNC | PNC FINANCIAL SERVICES GROUP, INC. | $97.98B | 14.8x | 7.2% |
| TFC | TRUIST FINANCIAL CORP | $63.10B | 13.5x | -2.1% |