NBT Bancorp
Community banking, wealth, retirement-plan administration and insurance across the Northeast.
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Profile
Runs NBT Bank, earning primarily from deposits and loans for retail, commercial and municipal customers across the Northeast, alongside wealth management, nationwide retirement-plan administration and regional insurance. Banking dominates the mix, and the Evans merger extended the franchise into western New York.
Operates a community-banking franchise through NBT Bank, serving retail, commercial and municipal customers with deposits, loans, treasury services and wealth management. EPIC Retirement Plan Services provides retirement-plan administration and recordkeeping nationwide, while NBT Insurance Agency supplies regional personal and commercial coverage. Banking remains the dominant business.
Pairs local decision-making with a branch network spanning upstate and western New York, Pennsylvania and parts of New England. The Evans merger extended the franchise into Buffalo and Rochester, adding to earlier expansion in Connecticut and the Hudson Valley. Earnings remain tied to lending spreads, deposit funding, borrower credit quality, acquisition integration and bank capital rules.
Company facts
Categories
Key statistics
Year to date +23.9% · Average volume (30d) 331.0K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 30, 2026 | Stephens | Reiterate | Overweight | $42 | $55 | |
| Jul 30, 2026 | Stephens & Co. | Downgrade | Overweight | Equal Weight | ||
| Jul 29, 2026 | DA Davidson | Reiterate | Buy | $59 | ||
| Jun 26, 2026 | Piper Sandler | Reiterate | Overweight | $47 | $56 | |
| Oct 14, 2025 | Piper Sandler | Target | $47 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 27, 2026Q2 FY26 | $1.02 | $1.01 | −1.0% | $188.8M | $186.7M | −1.1% | +2.13% |
| Apr 23, 2026Q1 FY26 | $0.98 | $0.97 | −1.0% | $185.3M | $184.5M | −0.4% | −4.50% |
| Jan 26, 2026Q4 FY25 | $0.99 | $1.05 | +6.1% | $183.6M | $185.1M | +0.8% | −1.12% |
| Oct 27, 2025Q3 FY25 | $0.97 | $1.05 | +8.5% | $183.8M | $183.0M | −0.5% | +1.37% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $201.2M | $224.0M | $238.8M | $238.2M | $232.8M | $235.5M | |
| Gross profit | $146.5M | $152.8M | $183.0M | $181.4M | $178.9M | $180.6M | |
| Operating income | $47.2M | $30.7M | $71.8M | $69.7M | $66.7M | $69.1M | |
| Net income | $36.7M | $22.5M | $54.5M | $55.5M | $51.1M | $53.0M | |
| Diluted EPS | $0.77 | $0.48 | $1.03 | $1.06 | $0.98 | $1.01 | |
| Gross margin | 72.8% | 68.2% | 76.6% | 76.1% | 76.9% | 76.7% | |
| Operating margin | 23.5% | 13.7% | 30.1% | 29.3% | 28.6% | 29.4% |
Fiscal years (4-quarter sums)FY21 $494.8M · FY22 $537.0M · FY23 $662.3M · FY24 $786.0M · FY25 $902.2M
Revenue by product · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $187.2M · Total debt $471.2M · Total assets $16.21B · Shareholders' equity $1.94B
Dividends
Raised for 32 straight years — most recently to $0.37 from $0.34 in Aug 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 1, 2026 | Jun 1 | Jun 15 | $0.37 | |
| Mar 2, 2026 | Mar 2 | Mar 16 | $0.37 | |
| Dec 1, 2025 | Dec 1 | Dec 15 | $0.37 | |
| Aug 29, 2025 | Sep 1 | Sep 15 | $0.37 | raised from $0.34 |
| Jun 2, 2025 | Jun 2 | Jun 16 | $0.34 | |
| Mar 3, 2025 | Mar 3 | Mar 17 | $0.34 | |
| Dec 2, 2024 | Dec 2 | Dec 16 | $0.34 | |
| Aug 30, 2024 | Aug 30 | Sep 13 | $0.34 | raised from $0.32 |
Ownership
Shares outstanding 52.01M · Float 50.98M · 98.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 7.48M | 14.38% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 3.45M | 6.63% | 13F | Aug 13, 2026 |
| State Street Corporation | 2.73M | 5.30% | 13G | Aug 7, 2026 |
| Dimensional Fund Advisors LP | 2.41M | 4.63% | 13F | Aug 11, 2026 |
| Vanguard Capital Management LLC | 2.25M | 4.34% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 29, 2026 | Sarah A. Halliday | officer: EVP/Chief Comm Innovation Off | −9,000 | $54.04 |
| Jul 29, 2026 | Ruth H. Mahoney | officer: EVP/President of Wealth Mgmt | −4,500 | $54.30 |
| Jun 12, 2026 | Heidi M. Hoeller | director | −2,100 | $48.04 |
| Jun 12, 2026 | Martin Randolph Sparks | officer: EVP,General Counsel,Secretary | −1,200 | $48.04 |
| Jun 9, 2026 | John H. Jr Watt | director | −21,000 | $47.42 |
Peers
- Community Financial System
Closest Northeast peer across banking, benefits, insurance, and wealth
- M&T Bank
Scale rival in Buffalo, treasury, commercial banking, and trust
- KeyCorp
Large regional bank competing in retail, commercial, and wealth
- Financial Institutions
Western and Central NY peer in banking, wealth, and retirement
- Tompkins Financial
NY and Pennsylvania community-bank peer with wealth overlap
- Beacon Financial
Current New England and New York rival in banking and wealth
- Arrow Financial
Northeastern NY peer in banking, insurance, trust, and benefits
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| NBT Bancorp | $51.55 | 0.00% | $2.68B | 12.6 | 11.8 | 2.8 | +9.4% |
| Community Financial System | $63.11 | −0.06% | $3.32B | 14.7 | 13.0 | 3.2 | +9.6% |
| M&T Bank | $237.29 | −0.08% | $34.39B | 12.5 | 11.9 | 2.8 | +5.7% |
| KeyCorp | $21.91 | +0.07% | $23.65B | 12.7 | 11.2 | 2.3 | +7.3% |
| Financial Institutions | $40.96 | 0.00% | $806.4M | 10.1 | 9.8 | 2.6 | +8.2% |
| Tompkins Financial | $97.80 | −0.07% | $1.41B | 8.0 | 12.2 | 2.9 | +5.4% |
| Beacon Financial | $31.39 | 0.00% | $2.64B | 23.8 | 9.9 | 2.3 | +92.8% |
| Arrow Financial | $38.16 | −0.05% | $630.7M | 12.2 | 9.5 | 3.0 | +10.1% |
| Median | 12.5 | 11.2 | 2.8 | +8.2% |