NBT Bancorp

NBTB · Nasdaq · Financials · Financials, fiscal 2016 to 2025

NBTB · Last close · November 6, 2026

$52.83

NBT Bancorp's revenue rose 20.8% to $697 million in fiscal 2025. Net income was $169 million, up 20.3%. Its return on equity was 9.9%, up from 9.5% a year earlier. Its efficiency ratio was 63.9%, down from 65.5% a year earlier. It paid out $83 million in dividends and buybacks. The diluted share count rose 7.3%.

NBT BANCORP INC Latest fiscal year ended December 31, 2025 10-K filed February 27, 2026 · 0001140361-26-007179 Updated November 7, 2026

Revenue

$697M

20.8%

Net income

$169M

20.3%

Return on equity

9.9%

0.4 pts

Return on tangible equity

13.5%

0.4 pts

Efficiency ratio

63.9%

1.6 pts

Market cap

$2.7B

Nov 6 close

P/E

12.6x

On $4.18 EPS, 4 qtrs

Return on equity is net income as a share of shareholders' equity; return on tangible equity leaves out goodwill and other intangible assets. The efficiency ratio is operating costs as a share of revenue, so lower means the bank spends less to earn each dollar. Market cap is the last closing share price times the latest diluted share count, so it is approximate. P/E is the last close divided by diluted earnings per share over the last four quarters, or the latest fiscal year where the quarters aren't available; there is none when the company made a loss.

Charts show fiscal years, from the 10-K filings.

Income statement

Revenue and net income

US$ billions, fiscal years; net losses in red. Revenue on the left axis, net income on the right; zero is the same line on both. Revenue is net of interest expense.

Revenue (left axis)Net income (right axis)

Efficiency ratio and net interest income

Percent of revenue. The efficiency ratio is noninterest expense over revenue.

Efficiency ratioNet interest income share

From fiscal 2016 to 2025, earnings per share grew 7.1% a year and net income 8.9% a year, as new shares raised the share count by 17% and diluted each share's earnings.

Diluted earnings per share

US$ per share, fiscal years, restated for any stock splits; loss years in red.

Return on equity

Percent. Net income over average equity; tangible equity excludes goodwill, intangibles and preferred stock.

Return on equityReturn on tangible common equity

Balance sheet

Loans and deposits

US$ billions, at each fiscal year end

Loans, netDeposits

Total assets and shareholders' equity

US$ billions, at each fiscal year end. Assets on the left axis, equity on the right.

Total assets (left axis)Equity (right axis)

Five years at a glance

Fiscal year end	FY21	FY22	FY23	FY24	FY25
Loans, net	—	—	—	—	—
Deposits	10,234	9,496	10,969	11,547	13,499
Loans to deposits	—	—	—	—	—
Provision for credit losses	−8	17	25	20	32
Provision to average loans	—	—	—	—	—
Total assets	12,012	11,739	13,309	13,787	15,995
Shareholders' equity	1,250	1,174	1,426	1,526	1,896

US$ millions unless stated, at each fiscal year end.

Cash flow

Stock-based compensation and buybacks

US$ billions, fiscal years. Shares paid to employees (stock-based compensation, a cost that uses no cash) against cash spent buying shares back. Buybacks that only match it leave the share count roughly where it was.

Stock-based compensationShare buybacks

Dividends and buybacks

US$ billions, cash paid in each fiscal year

DividendsShare buybacks

Diluted share count

Weighted-average diluted shares, millions

Projections

Project NBT Bancorp's revenue, net income and earnings per share five years ahead in a bull, a base and a bear case with your own figures, and see the share prices your P/E estimates give them. Every projected figure is yours: it is not a forecast of ours.

Open NBT Bancorp's projections

Insider trades

Over the 12 months between November 7, 2025 and November 6, 2026, 1 insider bought $976,708 of NBT Bancorp shares on the open market, and 6 insiders sold $2.4 million.

Buys and sells by month

US$ millions, open-market purchases (up) and sales (down) by officers, directors and 10% owners in each month.

BoughtSold

Date	Insider	Trade	Shares	Price	Value	Filing
Jul 29, 2026	Sarah A HallidayEVP/Chief Comm Innovation Off	Sold	9,000	$54.04	$486,360	Form 4
Jul 29, 2026	Ruth H MahoneyEVP/President of Wealth Mgmt	Sold	4,500	$54.30	$244,350	Form 4
Jun 12, 2026	Heidi M HoellerDirector	Sold	2,100	$48.04	$100,884	Form 4
Jun 12, 2026	Martin Randolph SparksEVP,General Counsel,Secretary	Sold	1,200	$48.04	$57,648	Form 4
Jun 9, 2026	John H Watt JrDirector	Sold	21,000	$47.42	$995,820	Form 4
Jun 5, 2026	Ruth H MahoneyEVP/President of Wealth Mgmt	Sold	5,000	$46.60	$233,000	Form 4
Mar 13, 2026	Martin Randolph SparksEVP,General Counsel,Secretary	Sold	2,400	$41.30	$99,120	Form 4
Feb 17, 2026	Amy WilesEVP, Chief Risk and Credit	Sold	4,435	$45.72	$202,768	Form 4
Jan 28, 2026	Timothy E DelaneyDirector	Bought	22,730	$42.97	$976,708	Form 4

Open-market purchases and sales by officers, directors and 10% owners, from their Form 4 filings with the SEC: one row per person, day and filing, at the day's average price. Grants, option exercises and shares withheld for tax aren't counted. Insiders buy and sell for many reasons, such as taxes, spreading their savings or a plan set up months earlier, so a trade on its own says little about where a company is heading. For information only, not investment advice. Insider trades at all companies

Compare

Put NBT Bancorp side by side with any other company we cover: revenue, growth, margins, cash flow and returns, with ten years of charts.

Similar companies

Company	Year	Revenue growth	Net margin	Return on equity	Return on tangible equity	Efficiency ratio	Compare
NBT Bancorp	FY25	20.8%	24.3%	9.9%	13.5%	63.9%
Bancfirst	FY25	9.4%	34.8%	13.8%	15.5%	55.0%	Compare
Bancorp	FY25	31.9%	32.4%	30.9%	30.9%	31.7%	Compare
Merchants Bancorp	FY25	1.6%	32.1%	9.7%	7.7%	44.0%	Compare
Bank of Hawaii	FY25	12.1%	28.7%	11.7%	10.7%	61.8%	Compare

Each company's latest fiscal year. Fiscal years end in different months, so the periods don't line up exactly.

10 years of figures

Fiscal year	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Income statement
Revenue	380	405	430	456	462	479	518	520	577	697
Revenue growth	2.4%	6.5%	6.3%	5.8%	1.4%	3.7%	8.1%	0.5%	10.9%	20.8%
Net interest income	264	284	306	312	316	321	362	378	400	502
Noninterest income	116	121	125	144	146	158	156	142	177	196
Noninterest expense	236	246	265	275	278	287	304	342	378	445
Provision for credit losses	—	—	29	25	51	−8	17	25	20	32
Net income	78	82	113	121	104	155	152	119	141	169
Diluted EPS (US$)	1.80	1.87	2.56	2.74	2.37	3.54	3.52	2.65	2.97	3.33
Diluted shares (millions)	44	44	44	44	44	44	43	45	47	51
Payouts
Dividends paid	39	40	43	46	47	48	50	56	62	73
Share buybacks	17	0	0	0	8	22	15	5	0	10
Balance sheet at fiscal year end
Loans, net	6,133	6,514	6,815	7,063	7,389	—	—	—	—	—
Deposits	6,974	7,171	7,368	7,588	9,082	10,234	9,496	10,969	11,547	13,499
Total assets	8,867	9,137	9,556	9,716	10,933	12,012	11,739	13,309	13,787	15,995
Shareholders' equity	913	958	1,018	1,120	1,188	1,250	1,174	1,426	1,526	1,896
Ratios
Return on equity	8.7%	8.8%	11.4%	11.3%	9.1%	12.7%	12.5%	9.1%	9.5%	9.9%
Return on tangible common equity	12.7%	12.6%	16.0%	15.5%	12.1%	16.7%	16.5%	12.4%	13.1%	13.5%
Return on assets	0.9%	0.9%	1.2%	1.3%	1.0%	1.4%	1.3%	0.9%	1.0%	1.1%
Efficiency ratio	62.1%	60.7%	61.5%	60.3%	60.1%	60.0%	58.8%	65.7%	65.5%	63.9%

US$ millions unless stated. Where a later 10-K restated a year, the latest filed figure is shown. Download all figures (CSV, US$ millions)

Source: NBT Bancorp's Form 10-K filings, from SEC EDGAR. For information only, not investment advice. The Filing Desk is not affiliated with NBT Bancorp.