Saturday 17 October 2026 Export NBTB’s income statement to Excel — free account

NBT Bancorp Inc.

NBT Bancorp Inc.’s revenue for fiscal 2025 (year ended December 2025) was $906.5 million, up 15.0% from fiscal 2024. In the quarter to June 2026, revenue grew 4.89%, EPS grew 126.7%, free cash flow grew 37.1% and total debt fell 48.1%, each against the same quarter a year earlier. Dividend growth for twenty-five consecutive years, revenue growth for five; insiders bought in the last twelve months.

50.85 0.14 +0.28%

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Market cap: $2.6B
P/E: 12.4×
Fwd P/E: 11.1×
Dividend yield: 2.97%
F-score: 8/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 1.39

Total sells 2.42

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	1	—	1	—	—	—	—	—	—	—	—	—
Sell	—	—	—	1	1	—	—	4	2	—	—	—

Insider Ownership 1.44%

Capital & Financial Ratios $m

Market Cap 2,630.00

Revenue 948.39

Net Income 214.15

Free Cash Flow 245.61

Net Debt (139.90)

Current Ratio 0.87

Debt/Equity 0.08

P/E ratio 12.40

Fwd P/E 11.10

P/S ratio 2.79

P/B ratio 1.36

Past 5Y EPS Growth 7.04%

This Y EPS Growth 9.29%

Next Y EPS Growth 9.36%

Next Y revenue growth (16.19%)

Next 5Y EPS Growth 9.75%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 24.77%

10-year low 10-year high

P/S against its own 10 years 32.69%

10-year low 10-year high

P/B against its own 10 years 46.41%

10-year low 10-year high

Dividends

Payout Ratio 0.37

Annual Dividend Rate 1.51

Annual Dividend Yield 2.97%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.53	0.37 0.37 0.40
2025	1.42	0.34 0.34 0.37 0.37
2024	1.32	0.32 0.32 0.34 0.34
2023	1.24	0.30 0.30 0.32 0.32
2022	1.16	0.28 0.28 0.30 0.30
2021	1.10	0.27 0.27 0.28 0.28
2020	1.08	0.27 0.27 0.27 0.27
2019	1.05	0.26 0.26 0.26 0.27
2018	0.99	0.23 0.25 0.25 0.26
2017	0.92	0.23 0.23 0.23 0.23
2016	0.90	0.22 0.22 0.23 0.23

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	205	284	487	295
Receivables	—	—	—	—
Inventory	—	—	—	—
Other	—	—	—	—
	9,745	10,148	11,948	12,028

	2023	2024	2025	Q'26
Payables	10,969	11,547	13,499	13,537
ST’ Debt	—	—	—	—
Other	—	—	—	—
	11,356	11,710	13,647	13,854

Compound Annual Growth %

	10y	5y	3y
Sales	8.75%	12.88%	18.87%
Cash Flow	6.57%	10.12%	8.68%
Earnings	8.27%	10.15%	3.65%
Book Value	7.95%	9.81%	17.34%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	233	235	—	—	—
’25	202	225	242	238	906
’24	192	194	202	200	788
’23	146	153	177	189	665
’22	127	133	136	143	540
’21	121	123	123	130	498
’20	125	122	123	125	495

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	53	62	—	—	—
’25	42	46	81	66	235
’24	37	51	52	49	189
’23	22	45	55	36	157
’22	35	69	49	30	183
’21	42	53	41	22	159
’20	41	36	30	38	145

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	49	61	—	—	—
’25	38	44	74	62	219
’24	34	49	48	46	177
’23	20	44	51	33	148
’22	34	68	47	27	176
’21	41	51	39	20	151
’20	38	36	29	34	137

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.98	1.02	—	—	—
’25	0.77	0.44	1.03	1.06	3.33
’24	0.71	0.69	0.80	0.76	2.97
’23	0.78	0.70	0.54	0.64	2.65
’22	0.90	0.88	0.90	0.84	3.52
’21	0.91	0.92	0.86	0.86	3.54
’20	0.23	0.56	0.80	0.78	2.37

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	23.81	31.28	30.36	34.09	26.10	31.02	34.58	27.53	32.79	37.31	Analyst estimates 2026–2028 Powerpack
	High	42.49	42.56	41.88	41.50	41.27	42.79	48.68	45.02	52.44	49.18
People
People	Employees	1,704	1,733	1,791	1,788	1,812	1,801	1,861	2,034	2,083	2,303
	Revenue/emp, $m	0.24	0.25	0.26	0.29	0.27	0.28	0.29	0.33	0.38	0.39
Income, $m
Income, $m	Revenue	403	431	469	512	495	498	540	665	788	906
	Gross margin, %	94.41	93.98	91.76	89.06	93.41	96.22	95.95	78.26	73.17	76.89
	EBT	119	128	137	155	133	200	196	153	179	219
	EBT margin, %	29.50	29.76	29.21	30.38	26.91	40.16	36.35	23.08	22.76	24.21
	Net income	78	82	113	121	104	155	152	119	141	169
	Depreciation	21	19	17	24	25	26	23	25	30	35
Per share, $
Per share, $	Revenue	9.31	9.88	10.73	11.68	11.32	11.46	12.57	14.93	16.72	17.90
	Earnings	1.81	1.89	2.58	2.76	2.39	3.57	3.54	2.67	2.98	3.34
	Cash flow	2.56	3.14	3.38	3.50	3.32	3.67	4.27	3.54	4.00	4.64
	Capex	(0.08)	(0.15)	(0.17)	(0.15)	(0.19)	(0.18)	(0.16)	(0.21)	(0.25)	(0.32)
	Free cash flow	2.48	2.99	3.21	3.35	3.14	3.49	4.11	3.33	3.75	4.32
	Book value	21.12	21.99	23.29	25.57	27.18	28.80	27.34	32.02	32.36	37.44
	Shares, m	43	44	44	44	44	43	43	45	47	51
Valuation, ×
Valuation, ×	P/E	23.19	19.54	13.41	14.64	13.43	10.82	12.10	15.81	16.03	12.47
	P/S	4.51	3.72	3.22	3.47	2.84	3.36	3.41	2.83	2.86	2.32
	P/B	1.99	1.67	1.49	1.59	1.18	1.34	1.57	1.32	1.48	1.11
	EV/Sales	4.62	3.76	3.21	3.37	1.96	1.24	3.42	2.89	2.82	1.98
	EV/FCF	17.36	12.44	10.73	11.75	7.06	4.08	10.47	12.99	12.56	8.20
Cash, $m
Cash, $m	Operating cash flow	111	137	148	153	145	159	183	157	189	235
	Capex	(3)	(7)	(7)	(7)	(8)	(8)	(7)	(9)	(12)	(16)
	Free cash flow	107	130	140	147	137	151	176	148	177	219
Balance, $m
Balance, $m	Working capital	(1,364)	(1,203)	(1,237)	(951)	(1,187)	(1,656)	(1,834)	(1,611)	(1,562)	(1,699)
	Total debt	205	190	175	165	238	214	203	251	252	179
	Net debt	47	19	(6)	(51)	(434)	(1,055)	6	46	(32)	(308)
	Shareholders’ equity	913	958	1,018	1,120	1,188	1,250	1,174	1,426	1,526	1,896
Returns, %
Returns, %	ROA	0.92	0.91	1.20	1.26	1.01	1.35	1.28	0.95	1.04	1.14
	ROIC	7.73	8.20	8.46	9.09	11.04	64.04	10.45	6.94	7.57	9.40
	ROE	8.73	8.78	11.39	11.32	9.05	12.71	12.54	9.14	9.53	9.89

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
BANC Banc of California, Inc.	$2.7B	— (loss-making)	11.3×	−60.17% (below 0%: shrinking)	n/m	+158.46% (above 0%: growing)	9.09%	0.00%	Compare
BOH Bank of Hawaii Corporation	$2.7B	12.4×	13.0×	+2.31% (above 0%: growing)	+38.32% (above 0%: growing)	+16.90% (above 0%: growing)	73.09%	0.00%	Compare
BBAR BBVA Banco Frances S.A.	$2.6B	9.3×	—	+7.57% (above 0%: growing)	+83.33% (above 0%: growing)	−107.66% (below 0%: shrinking)	69.86%	0.00%	Compare
NBTB NBT Bancorp Inc.	$2.6B	12.4×	11.1×	+4.89% (above 0%: growing)	+126.67% (above 0%: growing)	+37.10% (above 0%: growing)	79.28%	0.00%
TRMK Trustmark Corporation	$2.6B	11.4×	11.3×	+0.97% (above 0%: growing)	+18.48% (above 0%: growing)	+48.33% (above 0%: growing)	74.36%	0.00%	Compare
CUBI Customers Bancorp, Inc	$2.5B	8.8×	8.7×	+5.90% (above 0%: growing)	+19.77% (above 0%: growing)	−34.56% (below 0%: shrinking)	60.05%	0.00%	Compare
FBNC First Bancorp	$2.5B	18.7×	12.6×	+8.82% (above 0%: growing)	+31.18% (above 0%: growing)	+49.87% (above 0%: growing)	77.46%	0.00%	Compare
FBK FB Financial Corporation	$2.5B	11.4×	11.4×	−1.10% (below 0%: shrinking)	+180.40% (above 0%: growing)	+8.46% (above 0%: growing)	66.94%	0.00%	Compare
FRME First Merchants Corporation	$2.5B	12.7×	10.9×	+14.16% (above 0%: growing)	−28.57% (below 0%: shrinking)	+64.02% (above 0%: growing)	65.81%	0.00%	Compare
Median of peers	$2.6B	11.4×	11.3×	+4.10%	+31.18%	+32.62%	68.40%	0.00%

All 323 Banks Regional stocks →

NBT Bancorp Inc. (NBTB) key facts

Strength: NBT Bancorp Inc.’s revenue for fiscal 2025 (year ended December 2025) was $906.5 million, up 15.0% from fiscal 2024.
Strength: Net income was $169.2 million, or $3.34 per share (basic), a net margin of 18.7%.
NBT Bancorp Inc. (NBTB) is a Banks Regional company in the Financial sector, listed on Nasdaq.
As of October 16, 2026, NBTB traded at $50.85, a market capitalization of $2.6 billion.
At that price the stock trades at 12.4× trailing-twelve-month earnings and 2.8× sales; its P/E is higher than 25% of its own readings over the past ten years.
NBT Bancorp Inc. pays an annual dividend of $1.51 per share, a yield of 2.97%, with a payout ratio of 36.9%.
Return on equity was 9.89% and debt-to-equity 0.08.
Its Piotroski F-score is 8 out of 9 for fiscal 2025.