NBT Bancorp (NBTB) AI Stock Analysis

• Market Cap: $2.13B
• Dividend Yield: 3.37%
• Average Volume (3M): 188.66K
• Price to Earnings (P/E): 13.6
• Beta (1Y): 0.93
• Revenue Growth: 11.65%
• EPS Growth: 5.61%
• Country: US
• Employees: 2,083
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 1.05
• Shares Outstanding: 52,394,085
• 10 Day Avg. Volume: 197,356
• 30 Day Avg. Volume: 188,656
• PEG Ratio: 1.38
• Price to Book (P/B): 1.48
• Price to Sales (P/S): 2.87
• P/FCF Ratio: 12.74
• Enterprise Value/Market Cap: 1.06
• Enterprise Value/Revenue: 2.73
• Enterprise Value/Gross Profit: 3.83
• Enterprise Value/Ebitda: 11.20
• 1Y Price Target: $47.00
• Price Target Upside: 12.66% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 72 Outperform
• Price Target: $44.00 ▲(5.47% Upside)

NBT Bancorp's overall score reflects strong financial performance and positive earnings call highlights, including strategic expansions and dividend growth. However, technical indicators suggest a bearish trend, and valuation metrics are moderate. Interest rate challenges and loan growth issues are potential risks.

Positive Factors

Revenue Growth

Consistent revenue growth indicates NBT Bancorp's ability to expand its market presence and enhance its product offerings, supporting long-term business sustainability.

Dividend Growth

Continuous dividend growth reflects strong cash generation and financial health, appealing to income-focused investors and enhancing shareholder value.

Strategic Expansion

Strategic expansion through mergers and regional growth strengthens NBT Bancorp's market position and diversifies its revenue streams, supporting long-term growth.

Negative Factors

Interest Rate Challenges

Interest rate fluctuations can pressure net interest margins, impacting profitability and posing a risk to future financial performance.

Loan Growth Challenges

Sluggish loan growth and unexpected payoffs may limit revenue expansion, affecting NBT Bancorp's ability to capitalize on market opportunities.

Provision Expense Volatility

Volatility in provision expenses can lead to unpredictable financial results, complicating financial planning and potentially affecting investor confidence.

NBT Bancorp Business Overview & Revenue Model

Company Description

NBT Bancorp Inc. is a financial holding company headquartered in Norwich, New York, primarily engaged in the provision of banking and financial services through its wholly owned subsidiary, NBT Bank. The company operates in the commercial banking sector, offering a range of products including personal and business banking services, investment management, insurance, and wealth management services. NBT Bancorp serves customers across New York, Pennsylvania, Vermont, and Massachusetts, with a focus on community banking solutions tailored to meet the needs of individuals and businesses.

How the Company Makes Money

NBT Bancorp generates revenue primarily through interest income from loans and investments, as well as non-interest income from various service fees and financial products. The key revenue streams include interest earned on mortgages, commercial loans, and consumer loans, which are typically the largest contributors to the company's earnings. Additionally, NBT Bancorp earns fees from services such as wealth management, insurance products, and transaction services. The bank also benefits from its network of partnerships, including affiliations with investment firms and insurance providers, enhancing its service offerings and revenue potential. Factors contributing to its earnings include the interest rate environment, loan demand, and overall economic conditions in its operating regions.

NBT Bancorp Financial Statement Overview

Summary

NBT Bancorp exhibits strong financial health with robust profitability margins and steady revenue growth. The company demonstrates prudent leverage management and effective cash flow operations. Despite a low equity ratio, overall financial stability and cash management are commendable, positioning the company well for future growth.

Income Statement

NBT Bancorp has demonstrated consistent revenue growth, with a TTM revenue increase of 1.20% compared to the previous year. The gross profit margin is strong at approximately 71.25%, reflecting efficient management of costs. The net profit margin is also robust at 18.05%, indicating solid profitability. Both EBIT and EBITDA margins are healthy at 23.06% and 26.54%, respectively, showcasing operational efficiency.

Balance Sheet

The balance sheet reveals a stable financial position with a debt-to-equity ratio of 0.20, indicating prudent leverage management. The return on equity is strong at 9.17%, suggesting effective use of shareholder funds. The equity ratio stands at 11.30%, reflecting a reasonable capital structure. However, the relatively low equity ratio points to reliance on liabilities to finance assets, which could pose risks in adverse conditions.

Cash Flow

Cash flow analysis shows a stable operating cash flow to net income ratio of 1.35, indicating effective cash conversion. The free cash flow growth rate is 2.25%, highlighting positive cash generation capabilities. The free cash flow to net income ratio is 1.26, underscoring strong cash flow management. Overall, the cash flow statements reflect a healthy liquidity position.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	826.15M	785.99M	662.35M	537.00M	494.75M	491.26M
Gross Profit	588.90M	554.83M	492.50M	497.97M	484.22M	407.52M
EBITDA	201.43M	206.95M	175.73M	215.22M	219.74M	153.64M
Net Income	133.36M	140.64M	118.78M	152.00M	154.88M	104.39M
Balance Sheet
Total Assets	16.01B	13.79B	13.31B	11.74B	12.01B	10.93B
Cash, Cash Equivalents and Short-Term Investments	723.99M	420.42M	1.64B	1.72B	2.96B	2.02B
Total Debt	411.38M	414.98M	637.39M	787.95M	311.48M	406.73M
Total Liabilities	14.21B	12.26B	11.88B	10.57B	10.76B	9.75B
Stockholders Equity	1.81B	1.53B	1.43B	1.17B	1.25B	1.19B
Cash Flow
Free Cash Flow	181.85M	176.82M	148.20M	176.21M	151.44M	137.12M
Operating Cash Flow	189.78M	188.57M	157.46M	183.22M	159.19M	145.27M
Investing Cash Flow	13.13M	-399.16M	-44.23M	-926.22M	-547.61M	-712.59M
Financing Cash Flow	131.12M	289.46M	-105.39M	-328.73M	984.81M	1.02B

NBT Bancorp Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 41.72
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NBTB, the sentiment is Negative. The current price of 41.72 is above the 20-day moving average (MA) of 40.64, below the 50-day MA of 41.93, and below the 200-day MA of 42.47, indicating a neutral trend. The MACD of -0.20 indicates Negative momentum. The RSI at 48.60 is Neutral, neither overbought nor oversold. The STOCH value of 61.21 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NBTB.

NBT Bancorp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BANR	73 Outperform	$2.05B	10.94	10.28%	3.21%	6.98%	15.08%
NBTB	72 Outperform	$2.13B	13.55	8.87%	3.37%	11.65%	5.61%
CUBI	70 Outperform	$2.29B	13.52	8.99%	―	-0.35%	-20.30%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
FBNC	67 Neutral	$2.05B	20.77	6.40%	1.78%	-5.72%	-3.90%
EFSC	60 Neutral	$1.99B	10.47	10.25%	2.19%	6.59%	9.36%
SYBT	59 Neutral	$1.93B	14.25	13.69%	1.87%	11.74%	26.27%

NBT Bancorp Corporate Events

NBT Bancorp Reports Record Q3 2025 Earnings

NBT Bancorp Inc., a financial holding company headquartered in Norwich, NY, operates primarily through NBT Bank, N.A., offering a range of banking services across several states in the northeastern United States. The company also provides retirement plan services and insurance through its subsidiaries.

NBT Bancorp’s Earnings Call: Positive Growth Amid Challenges

The recent earnings call of NBT Bancorp painted a picture of a company experiencing positive operational performance and strategic growth, albeit with some challenges on the horizon. The sentiment was largely optimistic, with improvements in key financial metrics and strategic expansions being highlighted. However, the company acknowledged potential risks stemming from interest rate impacts and higher levels of payoffs, which could pose challenges to future growth.

NBT Bancorp Updates Investor Presentation Strategy

On August 29, 2025, NBT Bancorp Inc. announced that its executive management team will use a new presentation for future meetings with investors and analysts. The presentation slides are available on the company’s website, potentially impacting investor relations and market engagement strategies.

The most recent analyst rating on (NBTB) stock is a Buy with a $49.00 price target. To see the full list of analyst forecasts on NBT Bancorp stock, see the NBTB Stock Forecast page.

NBT Bancorp Reports Q2 2025 Earnings and Dividend Increase

NBT Bancorp Inc., a financial holding company based in Norwich, NY, operates primarily through NBT Bank, N.A., providing full-service community banking across several states in the Northeastern United States. The company also offers retirement plan services and insurance through its subsidiaries.

NBT Bancorp’s Positive Earnings Call Highlights Growth and Challenges

The recent earnings call for NBT Bancorp reflected a generally positive sentiment, underscored by significant achievements such as the successful Evans Bancorp merger and improved financial metrics. However, concerns were raised regarding increased provisions for loan losses and higher operating expenses, which somewhat offset these gains.