Merchants Bancorp vs NBT Bancorp
NBT Bancorp reported revenue of $697 million in fiscal 2025, about the same as Merchants Bancorp's $681 million in fiscal 2025. Merchants Bancorp's revenue grew 1.6% in its latest year, and NBT Bancorp's grew 20.8%. Merchants Bancorp had a return on equity of 9.7%, against 9.9% at NBT Bancorp.
Side by side
| Merchants Bancorp | NBT Bancorp | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $681M | $697M |
| Revenue growth | 1.6% | 20.8% |
| Revenue growth a year, last 5 years | 14.1% | 8.6% |
| Net income | $219M | $169M |
| Return on equity | 9.7% | 9.9% |
| Return on tangible common equity | 7.7% | 13.5% |
| Efficiency ratio | 44.0% | 63.9% |
| Dividends and buybacks | $59M | $83M |
| Change in diluted share count | 2.1% | 7.3% |
| Last close | $51.76 | $52.83 |
| P/E at the last close | 8.5× | 12.6× |
| Insider trades, last 12 months | sold $5.2 million | bought $976,708, sold $2.4 million |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Merchants BancorpNBT Bancorp
Return on equity
Percent. Net income over average equity.
Merchants BancorpNBT Bancorp
Net income
US$ billions
Merchants BancorpNBT Bancorp
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Merchants Bancorp and NBT Bancorp pages.