NBT Bancorp (NBTB) AI Stock Analysis

• Market Cap: $2.30B
• Dividend Yield: 3.23%
• Average Volume (3M): 188.66K
• Price to Earnings (P/E): 14.6
• Beta (1Y): 0.82
• Revenue Growth: 11.63%
• EPS Growth: 5.58%
• Country: US
• Employees: 2,083
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 1.05
• Shares Outstanding: 52,315,193
• 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: 0.98
• Enterprise Value/Revenue: 2.61
• Enterprise Value/Gross Profit: 3.59
• Enterprise Value/Ebitda: 10.21
• 1Y Price Target: $47.00
• Price Target Upside: 6.31% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 74 Outperform
• Price Target: $47.00 ▲(6.31% Upside)

NBT Bancorp's overall stock score of 74 reflects its strong financial performance and positive earnings call, which highlight robust growth and strategic initiatives. The valuation is fair, offering a reasonable P/E ratio and a solid dividend yield. Technical analysis indicates a neutral to slightly bearish trend, which slightly tempers the overall score.

Positive Factors

Revenue Growth

Consistent revenue growth indicates a stable and expanding market presence, enhancing long-term financial stability and shareholder value.

Cash Generation

Strong cash generation supports operational stability and provides flexibility for strategic investments and shareholder returns.

Dividend Growth

Consistent dividend growth reflects strong financial health and commitment to returning value to shareholders, enhancing investor confidence.

Negative Factors

Interest Rate Challenges

Interest rate volatility can impact profitability and margin sustainability, posing risks to long-term financial performance.

Loan Growth Challenges

Limited loan growth potential may constrain revenue expansion, affecting future earnings and competitive positioning.

Commercial Real Estate Payoffs

Unexpected payoffs can reduce loan balances and interest income, impacting growth and financial performance.

NBT Bancorp Business Overview & Revenue Model

Company Description

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, mortgages, business banking loans, and commercial loans; and residential real estate 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, 2021, it had 140 branches and 164 ATMs in New York, Pennsylvania, Vermont, Massachusetts, New Hampshire, Connecticut, and Maine. NBT Bancorp Inc. was founded in 1856 and is headquartered in Norwich, New York.

How the Company Makes Money

NBT Bancorp generates revenue primarily through net interest income and non-interest income. Net interest income is earned from the interest on loans and investments minus the interest paid on deposits and borrowings. The bank's loan portfolio includes commercial, residential, and consumer loans which contribute significantly to this revenue stream. Non-interest income includes fees from services such as account maintenance, transaction fees, wealth management fees, and insurance commissions. Additionally, the company may engage in strategic partnerships with other financial institutions to enhance service offerings and increase customer engagement, further contributing to its earnings.

NBT Bancorp Financial Statement Overview

Summary

NBT Bancorp's financial statements present a picture of a financially stable and growing regional bank. The income statement shows strong revenue growth and profitability, while the balance sheet highlights low leverage and solid equity. Cash flow generation is robust, supporting the company's operations and growth initiatives. The company is well-positioned for continued growth with manageable risks.

Income Statement

NBT Bancorp shows a strong revenue growth rate of 4.52% in the TTM, with consistent gross profit margins above 70%. The net profit margin is healthy at 17.34%, indicating efficient cost management. However, the slight decline in EBIT margin from 22.83% in 2024 to 22.62% in TTM suggests some pressure on operating efficiency. Overall, the income statement reflects a stable and growing revenue base with robust profitability.

Balance Sheet

The balance sheet is solid with a low debt-to-equity ratio of 0.10 in the TTM, indicating prudent financial leverage. The return on equity is reasonable at 8.87%, reflecting effective use of equity capital. The equity ratio stands at 11.50%, showcasing a strong equity base relative to total assets. Overall, the balance sheet demonstrates financial stability and low leverage risk.

Cash Flow

Cash flow analysis reveals a significant free cash flow growth rate of 18.02% in the TTM, highlighting improved cash generation. The operating cash flow to net income ratio of 1.37 indicates strong cash conversion. However, the free cash flow to net income ratio of 0.96 suggests most of the net income is being converted into free cash flow, which is positive. Overall, the cash flow statement reflects strong cash generation capabilities with room for further improvement.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	863.48M	785.99M	662.35M	537.00M	494.75M	491.26M
Gross Profit	627.90M	554.83M	492.50M	497.97M	484.22M	407.52M
EBITDA	221.07M	206.95M	175.73M	215.22M	219.74M	153.64M
Net Income	149.73M	140.64M	118.78M	152.00M	154.88M	104.39M
Balance Sheet
Total Assets	16.11B	13.79B	13.31B	11.74B	12.01B	10.93B
Cash, Cash Equivalents and Short-Term Investments	806.05M	420.42M	1.64B	1.72B	2.96B	2.02B
Total Debt	319.36M	414.98M	637.39M	787.95M	311.48M	406.73M
Total Liabilities	14.26B	12.26B	11.88B	10.57B	10.76B	9.75B
Stockholders Equity	1.85B	1.53B	1.43B	1.17B	1.25B	1.19B
Cash Flow
Free Cash Flow	208.37M	176.82M	148.20M	176.21M	151.44M	137.12M
Operating Cash Flow	218.24M	188.57M	157.46M	183.22M	159.19M	145.27M
Investing Cash Flow	57.32M	-399.16M	-44.23M	-926.22M	-547.61M	-712.59M
Financing Cash Flow	-117.78M	289.46M	-105.39M	-328.73M	984.81M	1.02B

NBT Bancorp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 44.21
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NBTB, the sentiment is Positive. The current price of 44.21 is above the 20-day moving average (MA) of 41.94, above the 50-day MA of 41.04, and above the 200-day MA of 41.47, indicating a bullish trend. The MACD of 0.88 indicates Negative momentum. The RSI at 65.77 is Neutral, neither overbought nor oversold. The STOCH value of 86.84 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NBTB.

NBT Bancorp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BANR	79 Outperform	$2.27B	12.13	10.28%	2.92%	6.98%	15.08%
FBNC	75 Outperform	$2.22B	22.44	6.39%	1.69%	-5.72%	-3.86%
NBTB	74 Outperform	$2.30B	14.61	8.87%	3.23%	11.63%	5.58%
CUBI	74 Outperform	$2.50B	15.12	8.99%	―	-0.37%	-20.30%
EFSC	70 Neutral	$2.09B	11.02	10.25%	2.16%	6.59%	9.36%
SYBT	69 Neutral	$2.03B	15.06	13.69%	1.82%	11.74%	26.27%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

NBT Bancorp Corporate Events

NBT Bancorp Unveils New Investor Presentation

On November 4, 2025, NBT Bancorp Inc. announced that its executive management team plans to use a new presentation in future meetings with investors and analysts. The presentation slides have been made available on the company’s website, indicating a proactive approach to engaging with stakeholders and providing transparency.