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NBT Bancorp Inc. (NBTB)

NEUTRAL
Financial ServicesBanks - RegionalUnited States

Fundamental

61

Price

$51.69

Market Cap

$2.72B

Part 1 · What the company is worth

Overview

NBT Bancorp Inc., a financial holding company, provides personal and commercial banking, retail banking, and wealth management services in the United States. It operates through Banking, Retirement Plan Administration, and All Other segments. The company offers demand deposit, savings, interest-bearing checking, money market deposit, and certificate of deposit accounts; and indirect and direct consumer loans, home equity loans and lines of credit, residential mortgages, business banking loans, commercial and industrial loans, agricultural loans, commercial construction loans, commercial real estate loans, indirect auto loans, and other consumer loans, as well as agricultural lending, personal lines of credit, overdraft protection, and second mortgage loans. It also provides trust and investment services; financial planning and life insurance services; and retirement plan and health savings account recordkeeping and administration, and actuarial services. In addition, the company offers insurance products, such as personal property and casualty, business liability, and commercial insurance; and other products and services through a network of ATM locations and 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. Further, it operates as a property management and passive investment company, as well as investment advisor that provides investment management and financial consulting services. The company serves retail, commercial, and municipal customers. It operates in upstate New York, northeastern Pennsylvania, southern New Hampshire, western Massachusetts, Vermont, southern Maine, and central and northwestern Connecticut. NBT Bancorp Inc. was founded in 1856 and is headquartered in Norwich, New York.

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Direct competitors

Who this company fights with for the same customers

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No competitor list for this company yet.

Balance Sheet & Liquidity

Revenue

$742M

Trailing 12 months (through 6/30/2026)

Net Income

$214M

Trailing 12 months (through 6/30/2026)

Free Cash Flow

$219M

Total Equity

$1.90B

Total Liabilities

$14.10B

Current Ratio

-

Interest Coverage

0.51

Debt/EBITDA

-

Earnings Per Share

Revenue & Net Income

Free Cash Flow

Income Breakdown

Historical statement

Margins over time

Debt over time

Growth grid

Growth — Revenue

Fair Value Estimation

BankFairly Valued

Fair Value

$56.28

Current Price

$51.69

Margin of Safety

+8.2%

Fair Value Range

$46.18 - $66.38

Estimation Methods

Analyst price target:$56.83
Discounted cash flow (DCF):Not applicable to this type of company
Earnings multiple (P/E):$49.65
Graham growth formula:Not applicable to this type of company
Earnings power value (EPV):Not applicable to this type of company
Justified P/B:$65.93
Dividend discount (Gordon):$37.98
P/FFO, funds from operations:Not applicable to this type of company
Mid-cycle earnings:Not applicable to this type of company
Revenue multiple:Not applicable to this type of company
Analyst Consensus:Buy (7B / 6H / 0S)
Last Earnings Surprise:-3.16%

Valuation Metrics

P/E Ratio

12.62

ROE

8.9%

P/B Ratio

1.39

P/FCF

11.00

Gross Margin

-

ROIC

-

Profitability Radar

Value Creation (Economic Moat)

ROIC

-

WACC

8.7%

ROIC − WACC

-

Fundamental Analysis Criteria

Passed (14)

  • EPS shows upward trend
  • P/FCF 11.00
  • P/B Ratio 1.39
  • Operating Margin 37.4%
  • Positive Free Cash Flow
  • CapEx intensity
  • Low reliance on intangibles
  • Price below Graham Number
  • ROE 11.3%
  • Analyst Consensus 54% Buy
  • PEG Ratio 1.86
  • Earnings Quality (OCF/NI) 1.22
  • Net Margin Trend 28.8% vs 21.4%
  • Piotroski F-Score 6/9

Failed (9)

  • EPS CAGR 3.69%
  • Price CAGR 2.21%
  • Debt/Equity ratio
  • Interest Coverage
  • Return on Tangible Assets
  • DCF valuation (Overvalued)
  • Revenue Growth 5Y 4.4%
  • Earnings Surprise avg 1.1%
  • Share Dilution 7.3%

Unavailable (5)

  • ROIC NaN%
  • Gross Margin NaN%
  • Dividend Payout NaN%
  • Current Ratio
  • Debt/EBITDA

Piotroski F-Score

6/9

Mixed signals: some areas need attention

score
criteria

Earnings Quality

1.22

High quality: earnings backed by cash

Share Dilution

7.3%

Issuing new shares, diluting ownership

Governance

Executive Team

NameTitleAge
Mr. Scott A. Kingsley CPAPresident, CEO & Director60
Ms. Annette L. BurnsExecutive VP & CFO52
Mr. Joseph R. StaglianoSenior Executive Vice President56
Ms. Amy C. WilesStrategic Advisor66
Ms. Ruth Halley MahoneyExecutive VP & President of Wealth Management57
Amy S. HurtaSenior VP & Senior Director of Operations-
Mr. Kenneth J. Entenmann C.F.A.Senior VP, Chief Investment Officer & Chief Economist-
Mr. Martin Randolph SparksExecutive VP, General Counsel, Chief Ethics Officer & Corporate Secretary66
Ms. Florence R. DollerSenior VP & Director of Corporate Communications-
Ms. Cynthia A. SmaniottoExecutive VP & Chief Human Resources Officer-

Audit Risk

3

Board Risk

5

Compensation Risk

1

Shareholder Rights Risk

2

Part 2 · The price and when to enter

This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.

Latest News

Recent headlines for NBTB, sourced from Markets Gazette.

  • 4/24/2026NEUTRAL
    Full Transcript: NBT Bancorp Q1 2026 Earnings Call

    NBT Bancorp has released the full transcript of its Q1 2026 Earnings Call, dated April 24, 2026. The transcript provides detailed insights into the company's financial performance, strategic initiatives, and outlook for the upcoming quarters. Investors and analysts can review the discussions on revenue streams, operational efficiency, market positioning, and management's forward-looking statements. While the transcript itself is informational, it allows for a deeper understanding of the company's trajectory and potential future developments without immediate price-moving news.

via Markets Gazette