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Community bank holding company serving upstate New York, New England and Pennsylvania with retail and commercial banking.
Community bank holding company serving upstate New York, New England and Pennsylvania with retail and commercial banking.
Earns mostly from the spread between loan yields and deposit costs, helped by low-cost deposits from small-town branches. Fee businesses, including wealth management, insurance and retirement-plan administration, add a meaningful second stream.
Moat: narrow (distribution, switching costs). Dense branch network across small upstate NY/New England markets creates sticky, low-cost deposits.
Headquarters: Norwich, New York · Employees: 2,303
Size NBT Bancorp (NBTB) is a United States Financials company (Major Banks) with a market value of $2.74B, the 1599th largest of 3,117 United States companies the cockpit tracks. Shares closed at $52.83 on 6 Nov 2026.
Performance Over six months the shares gained 15.9%, against +1.1% for the median peer and -1.1% for the United States market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue grew 9.6% over the last twelve months (peer median +7.1%); the operating margin is 37.5% (peer median 31.2%).
Valuation It trades at 1.45× book value against a peer median of 0.95× (4th most expensive of 21).
Price implies The share price implies a return on equity of about 9.3%; NBT Bancorp delivers 11.5%, so the price asks less than the business earns today.
Short interest Short interest is 5.0% of the free float (15 Oct 2026).
Next results Next results expected around 27 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $952M | $906M | $788M | $665M | $540M |
| Revenue growth | — | +15% | +19% | +23% | — |
| Net income | $218M | $169M | $141M | $119M | $152M |
| Free cash flow | n/a | $219M | $177M | $150M | $176M |
| Capital expenditure | n/a | $16.3M | $11.7M | $9.25M | $7.01M |
| Total debt | $569M | $361M | $445M | $666M | $814M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| NBT Bancorp NBTB | $2.74B | +16% | +10% | 11% | 1.45× | 9.3% |
| Community Financial System CBU | $3.39B | +1% | +7% | 12% | 1.67× | 12.5% |
| Financial Institutions FISI | $776M | +12% | +42% | 30% | 1.29× | n/a |
| Arrow Financial AROW | $713M | +4% | +14% | 9% | 1.38× | 10.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | NBTB | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +4.5% | +0.9% | 6th highest of 21 |
| 6-month return | +15.9% | +1.1% | highest of 21 |
| Return on equity | 11.5% | 8.6% | 8th highest of 21 |
| Price / book | 1.45× | 0.95× | 4th most expensive of 21 |
| Trailing P/E | 12.7× | 11.7× | 8th most expensive of 21 |
| ROE the price implies | 9.3% | 9.3% | 10th least demanding of 20 |
| ROE delivered | 11.5% | 8.6% | 8th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| NBT Bancorp NBTB | United States | $2.74B | +16% | +10% | 11% | 1.45× | 9.3% | 11.5% |
| Bandhan Bank BANDHANBNK.NS | India | $2.83B | -21% | +1% | 7% | 1.00× | 14.9% | 7.3% |
| Guangzhou Rural Commercial Bank 1551.HK | Hong Kong | $2.83B | -10% | -9% | 2% | 0.22× | 3.5% | 2.3% |
| FB Financial FBK | United States | $2.66B | 0% | +27% | 12% | 1.39× | 12.3% | 11.9% |
| Central Bank of India CENTRALBK.NS | India | $2.93B | -18% | +8% | 12% | 0.67× | 10.9% | 12.0% |
| First Merchants FRME | United States | $2.56B | +1% | +8% | 8% | 0.97× | 9.2% | 7.8% |
| Hyakugo Bank 8368.T | Japan | $2.98B | +4% | +29% | 6% | 0.85× | 8.0% | 6.4% |
| BSP Financial BFL.AX | Australia | $2.53B | -5% | +7% | 25% | 2.12× | 10.5% | 24.5% |
| Bank of Xi'an 600928.SS | China | $2.51B | +2% | +1% | 8% | 0.45× | 2.6% | 7.8% |
| Banco BBVA Argentina SA Sponsored ADR BBAR | United States | $2.45B | -29% | +6% | 8% | 0.77× | 8.1% | 8.0% |
| Shiga Bank 8366.T | Japan | $3.12B | +11% | +23% | 4% | 0.76× | 3.9% | 4.4% |
| BankUnited BKU | United States | $3.14B | -7% | -5% | 9% | 1.09× | 11.9% | 9.2% |
| Aichi Financial 7389.T | Japan | $2.40B | +3% | +31% | 8% | 0.81× | 6.5% | 7.8% |
| Banque Cantonale de Geneve BCGE.SW | Switzerland | $3.17B | +12% | -3% | 10% | 1.01× | n/a | 9.9% |
| Bank of Queensland BOQ.AX | Australia | $3.19B | +14% | -6% | 4% | 0.80× | 8.9% | 4.3% |
| Tokyo Kiraboshi Financial 7173.T | Japan | $2.36B | -12% | +15% | 11% | 0.93× | 5.9% | 10.8% |
| Park National PRK | United States | $3.20B | +2% | +21% | 13% | 1.87× | 13.1% | 13.1% |
| OSB OSB.L | United Kingdom | $2.27B | +4% | -6% | 12% | 0.78× | 12.1% | 12.4% |
| Simmons First National SFNC | United States | $3.37B | +10% | +122% | 8% | 1.01× | 9.7% | 7.8% |
| Community Financial System CBU | United States | $3.39B | +1% | +7% | 12% | 1.67× | 12.5% | 11.8% |
| Bladex BLX | United States | $2.19B | -7% | +4% | 14% | 1.05× | 9.3% | 14.5% |