NBT Bancorp (NBTB) AI Stock Analysis

• Market Cap: $2.27B
• Dividend Yield: 3.21%
• Average Volume (3M): 165.87K
• Price to Earnings (P/E): 15.9
• Beta (1Y): 0.88
• Revenue Growth: 10.00%
• EPS Growth: 7.35%
• Country: US
• Employees: 2,083
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.88
• Shares Outstanding: 52,394,085
• 10 Day Avg. Volume: 151,337
• 30 Day Avg. Volume: 165,869
• 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: 1.00
• Enterprise Value/Revenue: 2.73
• Enterprise Value/Gross Profit: 3.83
• Enterprise Value/Ebitda: 11.20
• 1Y Price Target: $50.25
• Price Target Upside: 16.10% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5

• Rating: 73 Outperform
• Price Target: $49.00 ▲(13.22% Upside)

NBT Bancorp's overall score reflects strong financial performance and positive earnings call highlights, particularly the successful Evans Bancorp merger and dividend increase. Technical analysis and valuation are moderate, indicating stable but not exceptional market positioning.

Positive Factors

Successful Merger

The successful merger with Evans Bancorp significantly enhances NBT Bancorp's scale and market presence, providing a larger asset base and customer reach, which can drive long-term revenue growth and operational efficiencies.

Dividend Increase

The consistent increase in dividends reflects NBT Bancorp's strong capital position and commitment to returning value to shareholders, indicating confidence in sustained earnings growth and financial stability.

Revenue Growth

Strong revenue growth driven by improvements in net interest income suggests robust demand for NBT Bancorp's financial products and services, supporting long-term profitability and market competitiveness.

Negative Factors

Provision for Loan Losses

Increased provision for loan losses indicates potential credit risk and economic challenges, which could pressure future earnings and require careful risk management to maintain financial health.

Decreased Noninterest Income

A decline in noninterest income as a percentage of total revenues may indicate reduced diversification of income streams, potentially increasing reliance on interest income and exposing the company to interest rate fluctuations.

Net Profit Margin Pressure

The slight decline in net profit margin suggests pressure on profitability, which could impact long-term financial performance if cost management and revenue growth do not offset margin compression.

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 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: Positive
• Last Price: 43.28
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 43.28 is below the 20-day moving average (MA) of 43.77, above the 50-day MA of 42.62, and below the 200-day MA of 43.57, indicating a neutral trend. The MACD of 0.16 indicates Positive momentum. The RSI at 50.82 is Neutral, neither overbought nor oversold. The STOCH value of 61.75 is Neutral, 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
EFSC	77 Outperform	2.23B	11.61	10.44%	1.96%	5.66%	16.11%
BANR	76 Outperform	2.32B	12.92	9.76%	2.86%	8.40%	9.46%
FBNC	75 Outperform	2.22B	23.41	6.25%	1.66%	-2.04%	-14.82%
CUBI	74 Outperform	2.25B	16.45	7.92%	―	-7.45%	-45.67%
NBTB	73 Outperform	$2.27B	15.91	8.16%	3.21%	10.00%	7.35%
SYBT	60 Neutral	2.22B	17.58	12.76%	1.66%	13.28%	22.43%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

NBT Bancorp Corporate Events

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.