NASDAQ : NBTB
NBT Bancorp Inc. — Financial statements
Financials · Banks - Regional · United States
Last price 52.19 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 2.71B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 661.63M | 632.31M | 552.85M | 462.67M | 332.77M | 302.18M |
| Interest Income on Investments | 87.72M | 78.68M | 58.82M | 60.12M | 51.30M | 37.70M |
| Total Interest Income | 749.34M | 710.99M | 611.67M | 522.79M | 384.07M | 339.88M |
| Interest Paid on Deposits | 184.08M | 192.33M | 186.95M | 104.64M | 9.92M | 10.71M |
| Interest Paid on Borrowings | 16.43M | 17.11M | 24.60M | 39.93M | 11.96M | 8.07M |
| Total Interest Expense | 200.51M | 209.45M | 211.55M | 144.57M | 21.88M | 18.79M |
| Net Interest Income | 548.84M | 501.55M | 400.12M | 378.22M | 362.19M | 321.09M |
| Trust Income | 45.30M | 44.76M | 41.64M | 34.76M | 33.31M | 33.72M |
| Gain (Loss) on Sale of Investments | 821.00K | 148.00K | 2.79M | -14.06M | -1.13M | 566.00K |
| Other Non-Interest Income | 134.89M | 131.52M | 115.31M | 101.31M | 108.77M | 110.16M |
| Total Non-Interest Income | 202.51M | 195.49M | 176.82M | 137.43M | 155.58M | 157.79M |
| Revenues Before Loan Losses | 751.35M | 697.04M | 576.95M | 515.65M | 517.77M | 478.88M |
| Provision for Loan Losses | 19.27M | 32.25M | 19.61M | 25.27M | 17.15M | -8.26M |
| Revenue | 732.08M | 664.78M | 557.34M | 490.37M | 500.62M | 487.14M |
| Salaries and Employee Benefits | 268.04M | 252.20M | 226.50M | 189.15M | 183.30M | 168.17M |
| Federal Deposit Insurance | 7.89M | 7.89M | 6.76M | 6.26M | 3.20M | 3.04M |
| Amortization of Goodwill & Intangibles | 12.92M | 11.94M | 8.44M | 4.73M | 2.26M | 2.81M |
| Selling, General & Administrative | 126.88M | 119.54M | 106.48M | 99.25M | 92.30M | 90.01M |
| Other Non-Interest Expense | 32.14M | 31.60M | 25.66M | 24.93M | 19.80M | 20.34M |
| Total Non-Interest Expense | 450.52M | 425.81M | 376.35M | 326.94M | 303.50M | 287.28M |
| EBT Excluding Unusual Items | 281.56M | 238.97M | 180.99M | 163.44M | 197.12M | 199.86M |
| Pretax Income | 281.56M | 219.44M | 179.46M | 153.46M | 196.16M | 199.86M |
| Income Tax Expense | 63.85M | 50.21M | 38.82M | 34.68M | 44.16M | 44.97M |
| Net Income | 217.71M | 169.24M | 140.64M | 118.78M | 152.00M | 154.88M |
| Net Income to Common | 217.71M | 169.24M | 140.64M | 118.78M | 152.00M | 154.88M |
| Basic Shares Outstanding | 52.07M | 50.65M | 47.16M | 44.53M | 42.92M | 43.42M |
| Diluted Shares Outstanding | 52.33M | 50.88M | 47.43M | 44.77M | 43.18M | 43.72M |
| EPS (Basic) | 4.18 | 3.34 | 2.98 | 2.67 | 3.54 | 3.57 |
| EPS (Diluted) | 4.16 | 3.33 | 2.97 | 2.65 | 3.52 | 3.54 |
| Dividend Per Share | 1.51 | 1.42 | 1.32 | 1.24 | 1.16 | 1.10 |
| Effective Tax Rate | 22.68% | 22.88% | 21.63% | 22.60% | 22.51% | 22.50% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 215.47M | 487.12M | 284.06M | 205.19M | 197.35M | 1.27B |
| Investment Securities | 2.95B | 834.43M | 885.99M | 912.76M | 873.20M | 916.46M |
| Trading Asset Securities | 68.11M | 104.44M | 95.99M | 117.29M | 60.45M | |
| Mortgage-Backed Securities | 1.84B | 1.57B | 1.46B | 1.60B | 1.54B | |
| Total Investments | 2.95B | 2.75B | 2.56B | 2.47B | 2.59B | 2.51B |
| Gross Loans | 11.95B | 11.64B | 10.03B | 9.75B | 8.26B | 7.52B |
| Allowance for Loan Losses | -140.00M | -138.00M | -116.00M | -114.40M | -100.80M | -92.00M |
| Other Adjustments to Gross Loans | -37.90M | -64.70M | -98.20M | -109.10M | -23.70M | |
| Net Loans | 11.81B | 11.46B | 9.85B | 9.54B | 8.05B | 7.41B |
| Property, Plant & Equipment | 96.55M | 129.88M | 108.44M | 107.38M | 92.95M | 95.39M |
| Goodwill | 453.28M | 453.28M | 362.66M | 361.85M | 281.20M | 280.54M |
| Other Intangible Assets | 48.09M | 57.66M | 36.36M | 40.44M | 7.34M | 8.93M |
| Loans Held for Sale | 841.00K | 1.11M | 9.74M | 3.37M | 562.00K | 830.00K |
| Accrued Interest Receivable | 52.00M | 43.60M | 42.70M | 33.00M | 26.10M | |
| Other Real Estate Owned & Foreclosed | 347.00K | 402.00K | 182.00K | 105.00K | 167.00K | |
| Other Long-Term Assets | 815.92M | 607.60M | 523.32M | 542.09M | 482.62M | 410.05M |
| Total Assets | 16.39B | 16.00B | 13.79B | 13.31B | 11.74B | 12.01B |
| Interest Bearing Deposits | 9.67B | 9.37B | 7.85B | 7.29B | 5.83B | 6.47B |
| Institutional Deposits | 332.90M | 251.60M | 263.10M | 48.40M | 72.30M | |
| Non-Interest Bearing Deposits | 3.92B | 3.80B | 3.45B | 3.41B | 3.62B | 3.69B |
| Total Deposits | 13.59B | 13.50B | 11.55B | 10.97B | 9.50B | 10.23B |
| Short-Term Borrowings | 414.40M | 216.13M | 267.31M | 482.53M | 702.27M | 158.06M |
| Current Portion of Long-Term Debt | 26.56M | 10.60M | ||||
| Current Portion of Leases | 9.10M | |||||
| Long-Term Debt | 24.51M | 121.20M | 119.74M | 96.93M | 101.89M | |
| Federal Home Loan Bank Debt, Long-Term | 42.98M | 43.18M | 3.09M | 29.80M | 4.82M | |
| Long-Term Leases | 24.04M | 30.30M | 28.20M | 25.60M | 27.60M | |
| Trust Preferred Securities | 111.74M | 111.67M | 101.20M | 101.20M | 101.20M | 101.20M |
| Pension & Post-Retirement Benefits | 22.52M | 20.37M | 21.33M | 20.94M | 25.14M | |
| Other Long-Term Liabilities | 295.67M | 148.57M | 143.74M | 131.56M | 118.06M | 102.71M |
| Total Liabilities | 14.45B | 14.10B | 12.26B | 11.88B | 10.57B | 10.76B |
| Common Stock | 1.94B | 591.00K | 540.00K | 540.00K | 497.00K | 497.00K |
| Additional Paid-In Capital | 964.78M | 742.81M | 740.94M | 577.85M | 576.98M | |
| Retained Earnings | 1.20B | 1.10B | 1.02B | 958.43M | 856.20M | |
| Treasury Stock | -183.41M | -175.32M | -176.69M | -173.19M | -159.88M | |
| Comprehensive Income & Other | -82.60M | -142.10M | -160.93M | -190.03M | -23.34M | |
| Shareholders' Equity | 1.94B | 1.90B | 1.53B | 1.43B | 1.17B | 1.25B |
| Total Liabilities & Equity | 16.39B | 16.00B | 13.79B | 13.31B | 11.74B | 12.01B |
| Total Debt | 569.11M | 428.62M | 549.66M | 761.46M | 930.81M | 399.34M |
| Net Cash (Debt) | -246.91M | 126.61M | -161.16M | -460.28M | -616.16M | 930.19M |
| Net Cash Per Share | -4.72 | 2.49 | -3.40 | -10.28 | -14.27 | 21.28 |
| Filing Date Shares Outstanding | 51.94M | 52.20M | 47.25M | 47.15M | 42.90M | 43.17M |
| Total Common Shares Outstanding | 51.94M | 52.20M | 47.19M | 47.11M | 42.86M | 43.17M |
| Book Value Per Share | 37.40 | 36.32 | 32.34 | 30.26 | 27.38 | 28.97 |
| Tangible Book Value | 1.44B | 1.39B | 1.13B | 1.02B | 885.01M | 960.99M |
| Tangible Book Value Per Share | 27.75 | 26.54 | 23.88 | 21.72 | 20.65 | 22.26 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 169.24M | 140.64M | 118.78M | 152.00M | 154.88M | |
| Depreciation & Amortization | 33.53M | 27.50M | 22.27M | 19.06M | 19.88M | |
| Other Amortization | 199.00K | 437.00K | 437.00K | 437.00K | 438.00K | |
| Gain (Loss) on Sale of Assets | -64.00K | -1.00K | -69.00K | -259.00K | 182.00K | |
| Gain (Loss) on Sale of Investments | 1.35M | -289.00K | 16.80M | 4.59M | 5.27M | |
| Provision for Credit Losses | 32.25M | 19.61M | 25.27M | 17.15M | -8.26M | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | 8.15M | -5.97M | -1.99M | 199.00K | 457.00K | |
| Change in Other Net Operating Assets | -24.59M | 748.00K | -27.91M | 11.93M | -11.98M | |
| Other Operating Activities | 11.18M | 404.00K | -792.00K | -26.00M | -5.35M | |
| Operating Cash Flow | 235.22M | 188.57M | 157.46M | 183.22M | 159.19M | |
| Capital Expenditures | -16.30M | -11.74M | -9.25M | -7.01M | -7.74M | |
| Cash Acquisitions | 37.94M | -1.38M | 44.56M | -2.62M | -1.55M | |
| Investment in Securities | 119.06M | -61.75M | 253.95M | -239.33M | -496.97M | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | 17.14M | -337.66M | -338.11M | -659.95M | -9.30M | |
| Other Investing Activities | 11.23M | 13.38M | 4.62M | -17.32M | -32.04M | |
| Investing Cash Flow | 169.07M | -399.16M | -44.23M | -926.22M | -547.61M | |
| Short-Term Debt Issued | 487.22M | |||||
| Long-Term Debt Issued | 25.00M | 1.52M | ||||
| Total Debt Issued | 25.00M | 488.74M | ||||
| Short-Term Debt Repaid | -57.87M | -223.71M | -231.74M | -70.59M | ||
| Long-Term Debt Repaid | -144.66M | -152.00K | -118.00K | -12.70M | -25.10M | |
| Total Debt Repaid | -202.54M | -223.86M | -231.86M | -12.70M | -95.69M | |
| Net Debt Issued (Repaid) | -202.54M | -223.86M | -206.86M | 476.04M | -95.69M | |
| Issuance of Common Stock | 117.00K | 61.00K | 91.00K | 112.00K | ||
| Repurchase of Common Stock | -14.60M | -2.24M | -6.82M | -16.46M | -24.64M | |
| Common Dividends Paid | -72.59M | -62.26M | -55.89M | -49.77M | -47.74M | |
| Net Increase (Decrease) in Deposit Accounts | 88.38M | 577.77M | 164.09M | -738.54M | 1.15B | |
| Financing Cash Flow | -201.23M | 289.46M | -105.39M | -328.73M | 984.81M | |
| Net Cash Flow | 203.06M | 78.87M | 7.84M | -1.07B | 596.39M | |
| Free Cash Flow | 218.92M | 176.82M | 148.20M | 176.21M | 151.44M | |
| Free Cash Flow Margin | 32.93% | 31.73% | 30.22% | 35.20% | 31.09% | |
| Free Cash Flow Per Share | 4.30 | 3.73 | 3.31 | 4.08 | 3.46 | |
| Cash Interest Paid | 215.59M | 215.15M | 130.18M | 20.61M | 20.29M | |
| Cash Income Tax Paid | 24.57M | 23.32M | 27.64M | 62.80M | 46.10M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.78B | 2.17B | 2.25B | 1.97B | 1.86B | 1.67B |
| Last Close Price | 53.46 | 40.51 | 45.11 | 38.34 | 38.38 | 33.08 |
| PE Ratio | 12.85 | 12.84 | 16.02 | 16.61 | 12.24 | 10.78 |
| PS Ratio | 3.79 | 3.27 | 4.04 | 4.02 | 3.72 | 3.43 |
| PB Ratio | 1.43 | 1.15 | 1.48 | 1.38 | 1.59 | 1.33 |
| P/FCF Ratio | 11.31 | 9.92 | 12.74 | 13.32 | 10.56 | 11.03 |
| P/OCF Ratio | 10.61 | 9.23 | 11.95 | 12.53 | 10.16 | 10.49 |
| Debt / Equity Ratio | 0.29 | 0.23 | 0.36 | 0.53 | 0.79 | 0.32 |
| Debt / FCF Ratio | 1.96 | 3.11 | 5.14 | 5.28 | 2.64 | |
| Net Debt / Equity Ratio | 0.13 | -0.07 | 0.11 | 0.32 | 0.53 | -0.74 |
| Net Debt / FCF Ratio | -0.58 | 0.91 | 3.11 | 3.50 | -6.14 | |
| Return on Equity (ROE) | 11.47% | 9.89% | 9.53% | 9.14% | 12.54% | 12.71% |
| Return on Assets (ROA) | 1.34% | 1.14% | 1.04% | 0.95% | 1.28% | 1.35% |
| Earnings Yield | 7.78% | 7.79% | 6.24% | 6.02% | 8.17% | 9.28% |
| FCF Yield | 8.85% | 10.08% | 7.85% | 7.51% | 9.47% | 9.07% |
| Dividend Yield | 2.99% | 3.41% | 2.77% | 2.96% | 2.67% | 2.84% |
| Payout Ratio | 38.46% | 42.90% | 44.27% | 47.05% | 32.74% | 30.82% |
| Buyback Yield / Dilution | -5.47% | -7.26% | -5.95% | -3.68% | 1.23% | 0.61% |
| Total Shareholder Return | -2.47% | -3.84% | -3.18% | -0.72% | 3.90% | 3.46% |