NBT Bancorp (NBTB) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

NBT Bancorp

NasdaqGS•Financial Services•Banks - Regional

$51.60-0.54(-0.01%)Pre-market

Market Cap

$2.67B

P/E

12.5x

P/S

3.6x

P/B

1.4x

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.

How this company scores

WeakMetricSide Score: 86/100

Grade capped at D — Interest coverage below 1× (0.4x) — earnings cannot cover interest. Strongest: Cash & Earnings Quality (25/25); weakest: Balance Sheet & Red Flags (18/25).

Profitability21/25

Growth22/25

Balance Sheet & Red Flags18/25

Cash & Earnings Quality25/25

Strengths

Growing revenueRising free cash flowRising earningsLow leverage

Grade capped at D

Interest coverage below 1× (0.4x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 12.5x5y range 11.9x – 17.9x

Currently near its 20-quarter median.

P/S · 3.6x5y range 3.0x – 4.2x

Currently near its 20-quarter median.

P/B · 1.4x5y range 1.1x – 1.7x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Share Dilution

Red Flag

Shares outstanding increased 10.2% — significant dilution, likely from stock compensation or capital raises.

Price & Volume

Market Cap $2.67B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $742.39M
Q. Revenue: $186.69M
TTM EBITDA: $103.16M
TTM Op. Income: $76.33M
Q. Op. Income: $19.39M
TTM Net Income: $214.15M
Q. Net Income: $53.03M
EPS: $1.02
Shares Out.: $51.98M

$742.39M in TTM revenue grew 19.4% YoY, reaching $186.69M last quarter. TTM EBITDA of $103.16M and TTM operating income of $76.33M show growth is flowing through to the bottom line. TTM net income of $214.15M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 12.1%
Op. Margin: 10.4%
Net Margin: 28.4%

Op. margin of 10.4% is up 19.9% YoY — cost efficiency is improving. Net margin at 28.4% Over the past year, operating margin is up 210% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 12.5x
P/S Ratio: 3.6x
P/B Ratio: 1.4x

At 12.5x P/E, the stock trades below typical market levels. P/S of 3.6x and P/B of 1.4x provide additional context. P/E sits below typical market levels while revenue is growing. Over the past year, P/E is down 21% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $16.21B
Cash: $294.65M
Long-Term Debt: $154.76M
Book Value: $1.94B
D/E Ratio: 0.1
Debt/EBITDA: 6.9

With $16.21B in assets and $154.76M in long-term debt, D/E is 0.1and book value is $1.94B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 2 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $61.89M
TTM Free Cash Flow: $245.61M
FCF Margin: 33.1%
FCF / Net Income: 1.1

TTM FCF of $245.61M on $61.89M in operating cash flow. The FCF / Net Income ratio of 1.1x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 4 consecutive quarters — an improving trend.