NBT Bancorp (NBTB) Financials

$43.28 -0.91 (-2.06%)

Closing price 09/19/2025 04:00 PM Eastern

Extended Trading

$43.28 -0.01 (-0.01%)

As of 09/19/2025 04:22 PM Eastern

Annual Income Statements for NBT Bancorp

This table shows NBT Bancorp's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	75	76	78	82	113	121	104	155	152	119	141
Consolidated Net Income / (Loss)	75	76	78	82	113	121	104	155	152	119	141
Net Income / (Loss) Continuing Operations	75	76	78	82	113	121	104	155	152	119	141
Total Pre-Tax Income	112	117	119	128	137	155	133	200	196	153	179
Total Revenue	378	371	380	405	430	456	462	479	518	520	577
Net Interest Income / (Expense)	252	253	264	283	306	312	316	321	362	378	400
Total Interest Income	275	273	287	309	344	368	348	340	384	523	612
Loans and Leases Interest Income	243	242	251	267	301	321	308	302	333	463	553
Investment Securities Interest Income	30	30	34	39	40	42	38	36	47	50	52
Other Interest Income	2.03	1.75	2.07	2.81	3.27	3.65	2.71	1.85	4.07	9.63	7.08
Total Interest Expense	23	21	23	26	39	56	33	19	22	145	212
Deposits Interest Expense	14	14	14	14	22	40	22	11	9.92	105	187
Short-Term Borrowings Interest Expense	0.85	0.78	2.31	6.00	11	9.69	3.41	0.16	2.62	26	8.67
Long-Term Debt Interest Expense	8.72	5.58	5.83	5.44	5.93	6.30	7.13	7.92	9.33	14	16
Total Non-Interest Income	126	118	116	121	125	144	146	158	156	142	177
Trust Fees by Commissions	19	19	19	20	29	28	29	34	33	35	42
Service Charges on Deposit Accounts	18	17	17	17	17	17	13	27	29	31	34
Other Service Charges	64	71	76	77	65	73	84	90	88	79	90
Net Realized & Unrealized Capital Gains on Investments	19	7.27	-0.64	2.69	-6.34	4.21	-0.39	0.57	-1.13	-9.32	2.79
Other Non-Interest Income	5.35	4.33	5.20	5.18	20	21	21	6.22	6.04	6.75	8.33
Provision for Credit Losses	20	18	25	31	29	25	51	-8.26	17	25	20
Total Non-Interest Expense	246	236	236	246	265	275	278	287	304	342	378
Salaries and Employee Benefits	120	126	132	135	152	157	162	173	188	194	232
Net Occupancy & Equipment Expense	51	52	52	54	35	60	58	61	62	67	70
Marketing Expense	2.83	2.65	2.56	2.74	2.78	2.77	2.29	2.52	2.82	3.05	3.39
Property & Liability Insurance Claims	4.94	5.15	5.11	4.77	4.65	1.95	2.69	3.04	3.20	6.26	6.77
Other Operating Expenses	63	46	41	45	67	50	49	46	45	57	55
Amortization Expense	5.05	4.86	3.93	3.96	4.04	3.58	3.40	2.81	2.26	4.73	8.44
Restructuring Charge	-	-	-	-	-	-	0.00	0.00	0.97	9.98	1.53
Income Tax Expense	37	40	40	46	24	34	29	45	44	35	39
Basic Earnings per Share	$1.71	$1.74	$1.81	$1.89	$2.58	$2.76	$2.39	$3.57	$3.54	$2.67	$2.98
Weighted Average Basic Shares Outstanding	43.88M	43.90M	43.30M	43.50M	43.60M	43.84M	43.58M	43.17M	42.90M	47.15M	47.25M
Diluted Earnings per Share	$1.69	$1.72	$1.80	$1.87	$2.56	$2.74	$2.37	$3.54	$3.52	$2.65	$2.97
Weighted Average Diluted Shares Outstanding	43.88M	43.90M	43.30M	43.50M	43.60M	43.84M	43.58M	43.17M	42.90M	47.15M	47.25M
Weighted Average Basic & Diluted Shares Outstanding	43.88M	43.90M	43.30M	43.50M	43.60M	43.84M	43.58M	43.17M	42.90M	47.15M	47.25M
Cash Dividends to Common per Share	-	-	-	$0.92	$0.99	$1.05	$1.08	$1.10	$1.16	$1.24	$1.32

This table shows NBT Bancorp's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	39	36	34	30	25	30	34	33	38	36
Consolidated Net Income / (Loss)	39	36	34	30	25	30	34	33	38	36
Net Income / (Loss) Continuing Operations	39	36	34	30	25	30	34	33	38	36
Total Pre-Tax Income	50	47	43	39	32	40	43	42	49	46
Total Revenue	132	134	126	121	135	138	141	140	147	149
Net Interest Income / (Expense)	94	100	95	89	95	99	95	97	102	106
Total Interest Income	99	109	114	121	137	151	147	151	156	158
Loans and Leases Interest Income	85	96	101	107	122	133	133	137	142	141
Investment Securities Interest Income	13	13	13	12	13	13	12	13	13	14
Other Interest Income	1.43	0.67	0.64	1.17	2.22	5.59	1.36	1.41	1.38	2.93
Total Interest Expense	4.74	9.39	19	32	42	52	52	54	55	52
Deposits Interest Expense	2.23	4.09	11	20	31	43	44	47	49	47
Short-Term Borrowings Interest Expense	0.08	2.51	4.92	8.13	7.61	4.95	3.42	2.90	1.43	0.92
Long-Term Debt Interest Expense	2.42	2.79	3.06	3.39	3.83	4.04	4.00	4.01	4.02	3.90
Total Non-Interest Income	37	34	31	32	40	38	45	43	46	42
Trust Fees by Commissions	8.40	8.02	8.09	8.23	9.30	9.15	9.70	10	11	11
Service Charges on Deposit Accounts	7.47	7.04	7.48	7.45	3.98	12	8.51	8.07	9.25	8.29
Other Service Charges	20	18	19	19	21	19	23	23	23	21
Net Realized & Unrealized Capital Gains on Investments	-0.15	-0.22	-5.00	-4.64	-0.18	0.51	2.18	-0.09	0.48	0.22
Other Non-Interest Income	1.56	1.42	1.88	1.53	5.93	-2.59	2.35	1.83	1.87	2.27
Provision for Credit Losses	4.48	7.68	3.91	3.61	13	5.13	5.58	8.90	2.92	2.21
Total Non-Interest Expense	77	80	79	79	91	93	92	90	96	101
Salaries and Employee Benefits	48	47	48	47	49	50	56	55	60	62
Net Occupancy & Equipment Expense	16	16	16	16	17	17	18	17	18	18
Marketing Expense	0.56	0.88	0.65	0.53	0.67	1.21	0.81	0.87	0.71	0.99
Property & Liability Insurance Claims	0.79	0.80	1.40	1.34	1.66	1.86	1.74	1.67	1.82	1.55
Other Operating Expenses	11	13	12	12	13	20	14	13	13	15
Amortization Expense	0.54	0.54	0.54	0.46	1.61	2.13	2.17	2.13	2.06	2.08
Restructuring Charge	0.00	0.97	0.62	1.19	7.92	0.25	0.00	0.00	0.54	0.99
Income Tax Expense	11	11	9.59	8.66	7.10	9.34	9.39	9.20	11	9.54
Basic Earnings per Share	$0.91	$0.84	$0.78	$0.70	$0.54	$0.65	$0.72	$0.69	$0.81	$0.76
Weighted Average Basic Shares Outstanding	42.84M	42.90M	42.90M	42.76M	47.09M	47.15M	47.15M	47.17M	47.18M	47.25M
Diluted Earnings per Share	$0.90	$0.84	$0.78	$0.70	$0.54	$0.63	$0.71	$0.69	$0.80	$0.77
Weighted Average Diluted Shares Outstanding	42.84M	42.90M	42.90M	42.76M	47.09M	47.15M	47.15M	47.17M	47.18M	47.25M
Weighted Average Basic & Diluted Shares Outstanding	42.84M	42.90M	42.90M	42.76M	47.09M	47.15M	47.15M	47.17M	47.18M	47.25M

This table details how cash moves in and out of NBT Bancorp's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-12	-6.34	8.88	10	21	36	456	596	-1,072	7.84	79
Net Cash From Operating Activities	88	125	111	137	148	153	145	159	183	157	189
Net Cash From Continuing Operating Activities	88	125	111	137	148	153	145	159	183	157	189
Net Income / (Loss) Continuing Operations	75	76	78	82	113	121	104	155	152	119	141
Consolidated Net Income / (Loss)	75	76	78	82	113	121	104	155	152	119	141
Provision For Loan Losses	20	18	25	31	29	25	51	-8.26	17	25	20
Depreciation Expense	8.32	8.65	9.02	9.06	9.28	9.50	9.77	9.90	10	11	12
Amortization Expense	8.26	7.42	9.21	8.75	8.05	14	15	16	13	15	19
Non-Cash Adjustments to Reconcile Net Income	-9.07	-6.90	-3.28	-1.44	-1.40	-9.89	12	-1.61	-21	16	-2.86
Changes in Operating Assets and Liabilities, net	-14	21	-8.22	7.40	-9.55	-6.77	-47	-12	12	-28	0.75
Net Cash From Investing Activities	-144	-504	-630	-305	-418	-64	-713	-548	-926	-44	-399
Net Cash From Continuing Investing Activities	-144	-504	-630	-305	-418	-64	-713	-548	-926	-44	-399
Purchase of Investment Securities	-533	-968	-1,321	-724	-1,133	-777	-1,361	-1,134	-1,356	-482	-790
Sale and/or Maturity of Investments	389	464	691	668	715	713	648	586	430	438	391
Net Cash From Financing Activities	44	373	528	179	291	-53	1,023	985	-329	-105	289
Net Cash From Continuing Financing Activities	44	373	528	179	291	-53	1,023	985	-329	-105	289
Net Change in Deposits	409	305	369	197	198	220	1,494	1,153	-739	164	578
Issuance of Debt	120	126	263	62	178	-206	100	0.00	489	25	0.00
Issuance of Common Equity	6.26	9.36	6.03	3.31	1.30	0.73	0.18	0.11	0.00	0.09	0.06
Repayment of Debt	-455	-0.50	-50	-40	-40	-20	-514	-96	-13	-232	-224
Repurchase of Common Equity	-0.07	-27	-17	-	0.00	0.00	-7.98	-22	-15	-4.94	-0.25
Payment of Dividends	-37	-38	-39	-40	-43	-46	-47	-48	-50	-56	-62
Other Financing Activities, Net	-	-1.66	-3.39	-3.58	-1.89	-1.62	-1.54	-2.93	-1.75	-1.88	-1.99
Cash Interest Paid	23	21	22	26	37	56	32	20	21	130	215
Cash Income Taxes Paid	39	29	41	34	32	28	46	46	63	28	23

This table details how cash moves in and out of NBT Bancorp's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	-203	-124	32	-28	471	-467	114	-112	275	-198
Net Cash From Operating Activities	49	30	22	45	55	36	37	51	52	49
Net Cash From Continuing Operating Activities	49	30	22	45	55	36	37	51	52	49
Net Income / (Loss) Continuing Operations	39	36	34	30	25	30	34	33	38	36
Consolidated Net Income / (Loss)	39	36	34	30	25	30	34	33	38	36
Provision For Loan Losses	4.48	7.68	3.91	3.61	13	5.13	5.58	8.90	2.92	2.21
Depreciation Expense	2.58	2.57	2.58	2.57	2.66	2.89	2.86	2.87	2.89	2.92
Amortization Expense	3.11	3.03	2.98	2.90	4.14	4.73	4.80	4.75	4.68	4.68
Non-Cash Adjustments to Reconcile Net Income	-0.71	-21	5.49	2.83	-2.77	10	-1.99	0.23	-2.02	0.93
Changes in Operating Assets and Liabilities, net	0.99	1.46	-27	3.36	13	-18	-8.32	1.06	5.57	2.44
Net Cash From Investing Activities	-141	-227	-76	-83	67	48	-13	-180	-58	-148
Net Cash From Continuing Investing Activities	-141	-227	-76	-83	67	48	-13	-180	-58	-148
Purchase of Investment Securities	-237	-316	-164	-177	-136	-4.65	-90	-298	-160	-242
Sale and/or Maturity of Investments	96	89	89	94	202	53	77	117	102	95
Net Cash From Financing Activities	-111	74	86	10	350	-551	90	18	281	-100
Net Cash From Continuing Financing Activities	-111	74	86	10	350	-551	90	18	281	-100
Net Change in Deposits	-110	-423	185	-151	563	-432	226	76	317	-42
Repayment of Debt	-23	21	-110	110	-128	-104	-120	-42	-20	-42
Payment of Dividends	-13	-13	-13	-13	-15	-15	-15	-15	-16	-16
Other Financing Activities, Net	-0.06	-0.41	-1.43	-0.06	-0.11	-0.28	-1.30	-0.08	-0.24	-0.37
Cash Interest Paid	6.00	6.15	17	24	37	52	55	53	55	52
Cash Income Taxes Paid	18	21	15	6.25	5.35	0.97	3.50	5.71	7.90	6.20

This table presents NBT Bancorp's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	7,807	8,263	8,867	9,137	9,556	9,716	10,933	12,012	11,739	13,309	13,787
Cash and Due from Banks	140	131	148	157	176	171	160	158	166	174	205
Interest Bearing Deposits at Other Banks	7.00	9.70	1.39	2.81	5.41	46	513	1,111	31	31	79
Trading Account Securities	1,475	1,654	1,875	1,751	1,805	1,633	1,996	1,688	2,478	2,377	2,470
Loans and Leases, Net of Allowance	5,529	5,820	6,133	6,514	6,815	7,063	-110	7,406	-101	-114	-116
Allowance for Loan and Lease Losses	66	63	65	70	73	73	110	92	101	114	116
Premises and Equipment, Net	89	89	84	81	79	76	74	72	69	81	81
Goodwill	264	266	265	268	275	275	281	281	281	362	363
Intangible Assets	20	17	16	13	16	12	12	8.93	7.34	40	36
Other Assets	283	276	344	348	379	429	8,007	1,228	8,807	10,358	10,669
Total Liabilities & Shareholders' Equity	7,807	8,263	8,867	9,137	9,556	9,716	10,933	2,225	11,739	13,309	13,787
Total Liabilities	6,943	7,381	7,954	8,179	8,538	8,596	9,745	10,762	10,566	11,883	12,261
Non-Interest Bearing Deposits	1,839	1,998	2,196	2,287	2,361	2,414	3,241	-	3,617	3,414	3,446
Interest Bearing Deposits	4,461	4,607	4,778	4,884	5,007	5,173	5,841	501	5,879	7,555	8,101
Short-Term Debt	317	442	682	719	872	655	168	98	585	387	163
Long-Term Debt	232	232	205	190	175	165	238	-	203	251	252
Other Long-Term Liabilities	95	102	93	99	124	187	257	216	282	277	299
Total Equity & Noncontrolling Interests	864	882	913	958	1,018	1,120	1,188	1,410	1,174	1,426	1,526
Total Preferred & Common Equity	864	882	913	958	1,018	1,120	1,188	1,250	1,174	1,426	1,526
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	864	882	913	958	1,018	1,120	1,188	1,410	1,174	1,426	1,526
Common Stock	577	577	576	575	576	577	579	577	578	741	743
Retained Earnings	424	462	502	544	621	696	749	856	958	1,022	1,100
Treasury Stock	-120	-135	-143	-138	-136	-134	-140	-	-173	-177	-175
Accumulated Other Comprehensive Income / (Loss)	-17	-22	-22	-22	-43	-19	0.42	-23	-190	-161	-142

This table presents NBT Bancorp's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	11,641	11,840	11,890	13,828	13,439	13,502	13,840
Cash and Due from Banks	224	162	170	213	162	172	251
Interest Bearing Deposits at Other Banks	97	68	32	459	157	35	232
Trading Account Securities	2,517	2,452	2,403	2,353	2,352	2,362	2,410
Loans and Leases, Net of Allowance	-97	-100	-100	-115	-115	-121	-120
Allowance for Loan and Lease Losses	97	100	100	115	115	121	120
Premises and Equipment, Net	69	68	67	83	80	79	80
Goodwill	281	281	281	360	362	362	362
Intangible Assets	7.88	6.96	6.50	43	39	37	36
Other Assets	8,542	8,902	9,032	10,431	10,402	10,576	10,589
Total Liabilities & Shareholders' Equity	11,641	11,840	11,890	13,828	13,439	13,502	13,840
Total Liabilities	10,484	10,628	10,680	12,465	11,998	12,040	12,318
Non-Interest Bearing Deposits	3,714	3,429	3,327	3,716	3,360	3,334	3,476
Interest Bearing Deposits	6,204	6,252	6,203	7,685	7,836	7,938	8,112
Short-Term Debt	75	475	652	490	267	225	205
Long-Term Debt	203	228	228	250	251	251	252
Other Long-Term Liabilities	288	244	270	323	284	292	273
Total Equity & Noncontrolling Interests	1,157	1,212	1,210	1,363	1,441	1,462	1,522
Total Preferred & Common Equity	1,157	1,212	1,210	1,363	1,441	1,462	1,522
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,157	1,212	1,210	1,363	1,441	1,462	1,522
Common Stock	578	578	579	741	741	742	743
Retained Earnings	935	980	997	1,006	1,041	1,058	1,080
Treasury Stock	-173	-173	-175	-177	-176	-176	-176
Accumulated Other Comprehensive Income / (Loss)	-184	-174	-190	-208	-164	-163	-126

This table displays calculated financial ratios and metrics derived from NBT Bancorp's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	10.73%	-1.80%	2.44%	6.48%	6.32%	5.85%	1.40%	3.66%	8.12%	0.51%	10.87%
EBITDA Growth	19.54%	2.95%	3.27%	6.52%	5.73%	16.06%	-11.66%	42.83%	-3.05%	-18.35%	17.32%
EBIT Growth	24.86%	3.85%	1.86%	7.88%	6.90%	13.45%	-14.38%	50.17%	-1.85%	-21.77%	16.94%
NOPAT Growth	21.58%	1.80%	2.60%	4.77%	37.02%	7.51%	-13.74%	48.37%	-1.87%	-21.85%	18.40%
Net Income Growth	21.58%	1.80%	2.60%	4.77%	37.02%	7.51%	-13.74%	48.37%	-1.87%	-21.85%	18.40%
EPS Growth	15.75%	1.78%	4.65%	3.89%	36.90%	7.03%	-13.50%	49.37%	-0.57%	-24.72%	12.08%
Operating Cash Flow Growth	-26.39%	41.78%	-11.19%	23.82%	7.94%	3.85%	-5.34%	9.58%	15.10%	-14.06%	19.76%
Free Cash Flow Firm Growth	179.62%	-119.32%	-148.97%	109.10%	-660.67%	388.99%	84.53%	-11.11%	-215.03%	103.73%	1,426.01%
Invested Capital Growth	-16.02%	10.12%	15.69%	3.73%	10.56%	-5.98%	-17.86%	-15.44%	45.49%	5.18%	-5.91%
Revenue Q/Q Growth	0.99%	1.34%	-0.12%	2.38%	-0.02%	1.92%	1.05%	1.71%	1.49%	0.73%	1.92%
EBITDA Q/Q Growth	0.21%	1.79%	0.55%	2.33%	-2.62%	5.60%	8.81%	-0.59%	-1.03%	-2.66%	2.81%
EBIT Q/Q Growth	0.65%	1.88%	0.10%	2.90%	-2.79%	5.24%	5.13%	2.28%	-0.71%	-4.30%	3.32%
NOPAT Q/Q Growth	0.79%	0.81%	0.62%	-2.34%	10.85%	0.26%	5.28%	2.05%	-0.78%	-4.56%	4.12%
Net Income Q/Q Growth	0.79%	0.81%	0.62%	-2.34%	10.85%	0.26%	5.28%	2.05%	-0.78%	-4.56%	4.12%
EPS Q/Q Growth	-1.17%	1.18%	1.12%	-2.60%	10.82%	0.37%	5.33%	2.02%	-0.28%	-7.34%	4.95%
Operating Cash Flow Q/Q Growth	-4.36%	1.97%	-0.68%	7.58%	5.46%	1.00%	-7.42%	-8.86%	4.16%	3.93%	7.72%
Free Cash Flow Firm Q/Q Growth	83.14%	-194.09%	-2.70%	145.09%	-62.80%	-34.67%	111.19%	91.08%	-268.64%	103.16%	1.05%
Invested Capital Q/Q Growth	-3.56%	5.83%	5.30%	2.19%	4.23%	12.38%	-1.15%	-13.28%	36.74%	-1.92%	-1.90%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	34.11%	35.76%	36.05%	36.06%	35.86%	39.32%	34.25%	47.19%	42.32%	34.38%	36.38%
EBIT Margin	29.72%	31.43%	31.25%	31.66%	31.83%	34.12%	28.81%	41.73%	37.88%	29.49%	31.10%
Profit (Net Income) Margin	19.87%	20.59%	20.63%	20.29%	26.15%	26.56%	22.60%	32.34%	29.36%	22.83%	24.38%
Tax Burden Percent	66.85%	65.53%	66.00%	64.10%	82.16%	77.86%	78.44%	77.50%	77.49%	77.40%	78.37%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	33.15%	34.47%	34.00%	35.90%	17.84%	22.14%	21.56%	22.50%	22.51%	22.60%	21.63%
Return on Invested Capital (ROIC)	4.85%	5.15%	4.67%	4.48%	5.73%	6.04%	5.91%	10.53%	9.18%	5.90%	7.02%
ROIC Less NNEP Spread (ROIC-NNEP)	4.85%	5.15%	4.67%	4.48%	5.73%	6.04%	5.91%	10.53%	9.18%	5.90%	7.02%
Return on Net Nonoperating Assets (RNNOA)	4.08%	3.61%	4.06%	4.30%	5.67%	5.28%	3.14%	1.40%	2.58%	3.24%	2.50%
Return on Equity (ROE)	8.93%	8.75%	8.73%	8.78%	11.39%	11.32%	9.05%	11.92%	11.76%	9.14%	9.53%
Cash Return on Invested Capital (CROIC)	22.26%	-4.48%	-9.88%	0.82%	-4.30%	12.21%	25.52%	27.25%	-27.87%	0.86%	13.12%
Operating Return on Assets (OROA)	1.45%	1.45%	1.39%	1.42%	1.47%	1.61%	1.29%	1.74%	1.65%	1.23%	1.32%
Return on Assets (ROA)	0.97%	0.95%	0.92%	0.91%	1.20%	1.26%	1.01%	1.35%	1.28%	0.95%	1.04%
Return on Common Equity (ROCE)	8.93%	8.75%	8.73%	8.78%	11.39%	11.32%	9.05%	11.92%	11.76%	9.14%	9.53%
Return on Equity Simple (ROE_SIMPLE)	8.69%	8.66%	8.59%	8.57%	11.06%	10.80%	8.79%	12.39%	12.95%	8.33%	9.22%
Net Operating Profit after Tax (NOPAT)	75	76	78	82	113	121	104	155	152	119	141
NOPAT Margin	19.87%	20.59%	20.63%	20.29%	26.15%	26.56%	22.60%	32.34%	29.36%	22.83%	24.38%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	45.89%	48.61%	49.02%	47.45%	43.95%	48.13%	48.12%	49.25%	48.80%	50.71%	53.09%
Operating Expenses to Revenue	65.11%	63.64%	62.06%	60.68%	61.47%	60.30%	60.12%	59.99%	58.80%	65.65%	65.50%
Earnings before Interest and Taxes (EBIT)	112	117	119	128	137	155	133	200	196	153	179
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	129	133	137	146	154	179	158	226	219	179	210
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.00	1.06	1.58	1.37	1.25	1.37	1.06	1.09	1.48	1.34	1.48
Price to Tangible Book Value (P/TBV)	1.49	1.57	2.29	1.94	1.75	1.84	1.40	1.37	1.97	1.87	2.00
Price to Revenue (P/Rev)	2.28	2.53	3.81	3.25	2.95	3.38	2.71	3.21	3.36	3.67	3.91
Price to Earnings (P/E)	11.50	12.27	18.45	16.00	11.30	12.71	12.00	9.94	11.45	16.09	16.02
Dividend Yield	4.25%	4.01%	2.69%	3.05%	3.40%	2.99%	3.76%	3.10%	2.85%	3.05%	2.76%
Earnings Yield	8.70%	8.15%	5.42%	6.25%	8.85%	7.87%	8.33%	10.06%	8.73%	6.21%	6.24%
Enterprise Value to Invested Capital (EV/IC)	0.90	0.95	1.21	1.11	1.04	1.10	0.62	0.27	1.19	1.14	1.23
Enterprise Value to Revenue (EV/Rev)	3.35	3.97	5.75	5.10	4.97	4.70	2.14	0.77	4.50	4.50	4.13
Enterprise Value to EBITDA (EV/EBITDA)	9.82	11.09	15.94	14.14	13.85	11.96	6.24	1.63	10.64	13.10	11.36
Enterprise Value to EBIT (EV/EBIT)	11.27	12.62	18.39	16.10	15.60	13.78	7.42	1.84	11.89	15.27	13.29
Enterprise Value to NOPAT (EV/NOPAT)	16.86	19.26	27.86	25.12	18.99	17.70	9.46	2.38	15.34	19.73	16.95
Enterprise Value to Operating Cash Flow (EV/OCF)	14.41	11.82	19.76	15.08	14.46	13.96	6.80	2.31	12.72	14.88	12.64
Enterprise Value to Free Cash Flow (EV/FCFF)	3.67	0.00	0.00	136.79	0.00	8.76	2.19	0.92	0.00	136.19	9.08
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.64	0.76	0.97	0.95	1.03	0.73	0.34	0.07	0.67	0.45	0.27
Long-Term Debt to Equity	0.27	0.26	0.22	0.20	0.17	0.15	0.20	0.00	0.17	0.18	0.17
Financial Leverage	0.84	0.70	0.87	0.96	0.99	0.87	0.53	0.13	0.28	0.55	0.36
Leverage Ratio	9.20	9.20	9.54	9.62	9.46	9.01	8.95	8.83	9.19	9.64	9.18
Compound Leverage Factor	9.20	9.20	9.54	9.62	9.46	9.01	8.95	8.83	9.19	9.64	9.18
Debt to Total Capital	38.85%	43.32%	49.27%	48.69%	50.70%	42.28%	25.51%	6.48%	40.17%	30.90%	21.38%
Short-Term Debt to Total Capital	22.42%	28.43%	37.87%	38.51%	42.22%	33.76%	10.56%	6.48%	29.82%	18.74%	8.39%
Long-Term Debt to Total Capital	16.43%	14.89%	11.40%	10.18%	8.47%	8.52%	14.95%	0.00%	10.35%	12.15%	12.98%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	61.15%	56.68%	50.73%	51.31%	49.30%	57.72%	74.49%	93.52%	59.83%	69.11%	78.62%
Debt to EBITDA	4.26	5.08	6.47	6.23	6.78	4.58	2.57	0.43	3.60	3.56	1.98
Net Debt to EBITDA	3.12	4.02	5.38	5.14	5.61	3.37	-1.68	-5.18	2.70	2.42	0.62
Long-Term Debt to EBITDA	1.80	1.75	1.50	1.30	1.13	0.92	1.51	0.00	0.93	1.40	1.20
Debt to NOPAT	7.31	8.82	11.31	11.07	9.30	6.78	3.90	0.63	5.18	5.37	2.95
Net Debt to NOPAT	5.36	6.99	9.41	9.12	7.69	4.99	-2.55	-7.56	3.89	3.64	0.93
Long-Term Debt to NOPAT	3.09	3.03	2.62	2.31	1.55	1.37	2.28	0.00	1.34	2.11	1.79
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	345	-67	-166	15	-85	244	451	401	-461	17	263
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	14.85	-3.23	-7.37	0.58	-2.19	4.37	13.84	21.34	-21.08	0.12	1.24
Operating Cash Flow to Interest Expense	3.78	6.04	4.91	5.28	3.83	2.74	4.46	8.47	8.37	1.09	0.89
Operating Cash Flow Less CapEx to Interest Expense	3.78	6.04	4.91	5.28	3.83	2.74	4.46	8.47	8.37	1.09	0.89
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.05	0.05	0.04	0.05	0.05	0.05	0.04	0.04	0.04	0.04	0.04
Fixed Asset Turnover	4.26	4.17	4.39	4.89	5.37	5.89	6.17	6.55	7.34	6.95	7.14
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,413	1,556	1,800	1,867	2,065	1,941	1,594	1,348	1,962	2,063	1,941
Invested Capital Turnover	0.24	0.25	0.23	0.22	0.22	0.23	0.26	0.33	0.31	0.26	0.29
Increase / (Decrease) in Invested Capital	-270	143	244	67	197	-123	-347	-246	613	102	-122
Enterprise Value (EV)	1,266	1,472	2,184	2,064	2,137	2,142	987	368	2,331	2,344	2,384
Market Capitalization	863	938	1,447	1,314	1,272	1,538	1,253	1,539	1,741	1,911	2,253
Book Value per Share	$19.76	$20.37	$21.16	$22.01	$23.31	$25.58	$27.22	$32.53	$27.39	$30.28	$32.35
Tangible Book Value per Share	$13.27	$13.83	$14.64	$15.54	$16.66	$19.04	$20.52	$25.86	$20.66	$21.73	$23.89
Total Capital	1,413	1,556	1,800	1,867	2,065	1,941	1,594	1,508	1,962	2,063	1,941
Total Debt	549	674	887	909	1,047	821	407	98	788	637	415
Total Long-Term Debt	232	232	205	190	175	165	238	0.00	203	251	252
Net Debt	402	534	738	750	866	604	-266	-1,171	591	432	131
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	549	674	887	909	1,047	821	407	-62	788	637	415
Total Depreciation and Amortization (D&A)	17	16	18	18	17	24	25	26	23	25	30
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.71	$1.74	$1.81	$1.89	$2.58	$2.76	$2.39	$3.57	$3.54	$2.67	$2.98
Adjusted Weighted Average Basic Shares Outstanding	44.21M	43.13M	43.39M	43.59M	43.73M	43.84M	43.58M	43.17M	42.90M	47.15M	47.25M
Adjusted Diluted Earnings per Share	$1.69	$1.72	$1.80	$1.87	$2.56	$2.74	$2.37	$3.54	$3.52	$2.65	$2.97
Adjusted Weighted Average Diluted Shares Outstanding	44.21M	43.13M	43.39M	43.59M	43.73M	43.84M	43.58M	43.17M	42.90M	47.15M	47.25M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	44.21M	43.13M	43.39M	43.59M	43.73M	43.84M	43.58M	43.17M	42.90M	47.15M	47.25M
Normalized Net Operating Profit after Tax (NOPAT)	75	76	78	82	113	121	104	155	153	127	142
Normalized NOPAT Margin	19.87%	20.59%	20.63%	20.29%	26.15%	26.56%	22.60%	32.34%	29.50%	24.31%	24.58%
Pre Tax Income Margin	29.72%	31.43%	31.25%	31.66%	31.83%	34.12%	28.81%	41.73%	37.88%	29.49%	31.10%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.84	5.66	5.28	4.95	3.55	2.78	4.08	10.64	8.97	1.06	0.85
NOPAT to Interest Expense	3.24	3.71	3.48	3.17	2.91	2.16	3.20	8.24	6.95	0.82	0.66
EBIT Less CapEx to Interest Expense	4.84	5.66	5.28	4.95	3.55	2.78	4.08	10.64	8.97	1.06	0.85
NOPAT Less CapEx to Interest Expense	3.24	3.71	3.48	3.17	2.91	2.16	3.20	8.24	6.95	0.82	0.66
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	49.16%	49.92%	49.59%	48.82%	38.44%	38.02%	45.22%	30.82%	32.74%	47.05%	44.27%
Augmented Payout Ratio	49.25%	84.98%	71.51%	48.82%	38.44%	38.02%	52.87%	44.84%	42.42%	51.21%	44.45%

This table displays calculated financial ratios and metrics derived from NBT Bancorp's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	11.57%	6.00%	2.82%	-6.28%	2.64%	2.83%	11.14%	15.91%	9.11%	7.90%
EBITDA Growth	2.36%	-4.16%	-13.09%	-18.93%	-31.45%	-9.33%	4.23%	12.09%	46.35%	12.10%
EBIT Growth	4.12%	-2.92%	-13.97%	-20.52%	-37.19%	-14.78%	-0.07%	8.23%	53.87%	14.49%
NOPAT Growth	4.11%	-3.19%	-13.98%	-20.39%	-36.86%	-15.71%	0.49%	8.79%	54.83%	18.26%
Net Income Growth	4.11%	-3.19%	-13.98%	-20.39%	-36.86%	-15.71%	0.49%	8.79%	54.83%	18.26%
EPS Growth	4.65%	-1.18%	-13.33%	-20.45%	-40.00%	-25.00%	-8.97%	-1.43%	48.15%	22.22%
Operating Cash Flow Growth	20.22%	32.69%	-38.29%	-34.02%	10.54%	20.04%	68.19%	11.46%	-4.58%	37.92%
Free Cash Flow Firm Growth	66.79%	-303.64%	-791.99%	-638.76%	-504.49%	87.68%	97.28%	130.61%	125.28%	322.08%
Invested Capital Growth	-7.74%	45.49%	29.29%	43.78%	46.64%	5.18%	2.33%	-7.32%	-5.93%	-5.91%
Revenue Q/Q Growth	1.86%	1.69%	-5.52%	-4.23%	11.56%	1.87%	2.11%	-0.11%	5.01%	0.74%
EBITDA Q/Q Growth	3.02%	-6.90%	-6.65%	-9.44%	-12.89%	23.13%	7.31%	-2.62%	13.74%	-5.69%
EBIT Q/Q Growth	3.57%	-7.51%	-7.37%	-10.44%	-18.15%	25.50%	8.62%	-3.00%	16.36%	-6.62%
NOPAT Q/Q Growth	3.17%	-7.32%	-6.82%	-10.65%	-18.18%	23.73%	11.09%	-3.27%	16.45%	-5.49%
Net Income Q/Q Growth	3.17%	-7.32%	-6.82%	-10.65%	-18.18%	23.73%	11.09%	-3.27%	16.45%	-5.49%
EPS Q/Q Growth	2.27%	-6.67%	-7.14%	-10.26%	-22.86%	16.67%	12.70%	-2.82%	15.94%	-3.75%
Operating Cash Flow Q/Q Growth	-28.05%	-39.90%	-26.45%	107.46%	20.54%	-34.74%	3.06%	37.48%	3.19%	-5.68%
Free Cash Flow Firm Q/Q Growth	41.49%	-462.28%	30.66%	-51.57%	-6.23%	88.96%	84.71%	1,807.49%	-12.29%	-3.02%
Invested Capital Q/Q Growth	-1.37%	36.74%	-2.38%	9.20%	0.59%	-1.92%	-5.02%	-1.10%	2.10%	-1.90%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	42.66%	39.06%	38.59%	36.49%	28.49%	34.44%	36.19%	35.28%	38.21%	35.78%
EBIT Margin	38.34%	34.87%	34.19%	31.97%	23.46%	28.90%	30.74%	29.86%	33.08%	30.67%
Profit (Net Income) Margin	29.60%	26.98%	26.61%	24.83%	18.21%	22.12%	24.06%	23.30%	25.84%	24.24%
Tax Burden Percent	77.22%	77.37%	77.83%	77.65%	77.62%	76.53%	78.27%	78.05%	78.10%	79.05%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	22.78%	22.63%	22.17%	22.35%	22.38%	23.47%	21.73%	21.95%	21.90%	20.95%
Return on Invested Capital (ROIC)	10.11%	8.44%	8.17%	7.19%	5.32%	5.72%	6.64%	6.41%	7.17%	6.99%
ROIC Less NNEP Spread (ROIC-NNEP)	10.11%	8.44%	8.17%	7.19%	5.32%	5.72%	6.64%	6.41%	7.17%	6.99%
Return on Net Nonoperating Assets (RNNOA)	2.49%	2.37%	3.32%	3.43%	2.15%	3.14%	3.06%	3.25%	2.97%	2.49%
Return on Equity (ROE)	12.60%	10.81%	11.49%	10.62%	7.47%	8.86%	9.70%	9.66%	10.14%	9.48%
Cash Return on Invested Capital (CROIC)	18.30%	-27.87%	-16.92%	-28.08%	-30.78%	0.86%	3.83%	13.63%	12.73%	13.12%
Operating Return on Assets (OROA)	1.66%	1.52%	1.49%	1.39%	0.95%	1.20%	1.30%	1.30%	1.35%	1.31%
Return on Assets (ROA)	1.28%	1.18%	1.16%	1.08%	0.74%	0.92%	1.02%	1.02%	1.06%	1.03%
Return on Common Equity (ROCE)	12.60%	10.81%	11.49%	10.62%	7.47%	8.86%	9.70%	9.66%	10.14%	9.48%
Return on Equity Simple (ROE_SIMPLE)	13.25%	0.00%	12.09%	11.47%	9.13%	0.00%	8.25%	8.32%	8.88%	0.00%
Net Operating Profit after Tax (NOPAT)	39	36	34	30	25	30	34	33	38	36
NOPAT Margin	29.60%	26.98%	26.61%	24.83%	18.21%	22.12%	24.06%	23.30%	25.84%	24.24%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	49.00%	47.63%	51.42%	52.49%	49.35%	49.81%	52.90%	52.12%	52.92%	54.36%
Operating Expenses to Revenue	58.26%	59.39%	62.72%	65.05%	67.19%	67.38%	65.29%	63.81%	64.94%	67.85%
Earnings before Interest and Taxes (EBIT)	50	47	43	39	32	40	43	42	49	46
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	56	52	49	44	38	47	51	50	56	53
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.33	1.48	1.14	1.09	0.96	1.34	1.19	1.24	1.37	1.48
Price to Tangible Book Value (P/TBV)	1.77	1.97	1.50	1.43	1.36	1.87	1.65	1.71	1.86	2.00
Price to Revenue (P/Rev)	3.00	3.36	2.65	2.57	2.54	3.67	3.21	3.29	3.69	3.91
Price to Earnings (P/E)	10.00	11.45	9.43	9.49	10.52	16.09	14.42	14.97	15.45	16.02
Dividend Yield	3.19%	2.85%	3.66%	3.91%	3.98%	3.05%	3.46%	3.32%	2.94%	2.76%
Earnings Yield	10.00%	8.73%	10.60%	10.54%	9.50%	6.21%	6.94%	6.68%	6.47%	6.24%
Enterprise Value to Invested Capital (EV/IC)	1.04	1.19	0.97	0.95	0.66	1.14	0.98	1.08	1.04	1.23
Enterprise Value to Revenue (EV/Rev)	2.92	4.50	3.56	3.89	2.67	4.50	3.58	3.77	3.64	4.13
Enterprise Value to EBITDA (EV/EBITDA)	6.73	10.64	8.76	9.91	7.50	13.10	10.58	11.21	10.09	11.36
Enterprise Value to EBIT (EV/EBIT)	7.54	11.89	9.81	11.14	8.59	15.27	12.47	13.34	11.86	13.29
Enterprise Value to NOPAT (EV/NOPAT)	9.72	15.34	12.67	14.38	11.07	19.73	16.09	17.18	15.25	16.95
Enterprise Value to Operating Cash Flow (EV/OCF)	8.47	12.72	10.94	13.64	9.09	14.88	11.10	11.76	11.77	12.64
Enterprise Value to Free Cash Flow (EV/FCFF)	5.45	0.00	0.00	0.00	0.00	136.19	25.77	7.61	7.93	9.08
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.24	0.67	0.58	0.73	0.54	0.45	0.36	0.33	0.30	0.27
Long-Term Debt to Equity	0.18	0.17	0.19	0.19	0.18	0.18	0.17	0.17	0.17	0.17
Financial Leverage	0.25	0.28	0.41	0.48	0.40	0.55	0.46	0.51	0.42	0.36
Leverage Ratio	9.86	9.19	9.94	9.84	10.11	9.64	9.53	9.50	9.59	9.18
Compound Leverage Factor	9.86	9.19	9.94	9.84	10.11	9.64	9.53	9.50	9.59	9.18
Debt to Total Capital	19.37%	40.17%	36.72%	42.11%	35.21%	30.90%	26.44%	24.57%	23.08%	21.38%
Short-Term Debt to Total Capital	5.20%	29.82%	24.82%	31.20%	23.30%	18.74%	13.63%	11.59%	10.36%	8.39%
Long-Term Debt to Total Capital	14.18%	10.35%	11.91%	10.91%	11.91%	12.15%	12.81%	12.97%	12.72%	12.98%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	80.63%	59.83%	63.28%	57.89%	64.79%	69.11%	73.56%	75.43%	76.92%	78.62%
Debt to EBITDA	1.26	3.60	3.32	4.37	4.03	3.56	2.86	2.56	2.24	1.98
Net Debt to EBITDA	-0.20	2.70	2.24	3.37	0.37	2.42	1.10	1.44	-0.13	0.62
Long-Term Debt to EBITDA	0.92	0.93	1.08	1.13	1.36	1.40	1.39	1.35	1.23	1.20
Debt to NOPAT	1.81	5.18	4.80	6.34	5.95	5.37	4.36	3.92	3.38	2.95
Net Debt to NOPAT	-0.28	3.89	3.23	4.89	0.55	3.64	1.67	2.21	-0.19	0.93
Long-Term Debt to NOPAT	1.33	1.34	1.56	1.64	2.01	2.11	2.11	2.07	1.86	1.79
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	159	-577	-400	-607	-644	-71	-11	186	163	158
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	33.64	-61.44	-20.93	-19.25	-15.27	-1.37	-0.21	3.46	2.99	3.06
Operating Cash Flow to Interest Expense	10.44	3.16	1.14	1.44	1.29	0.69	0.71	0.94	0.96	0.95
Operating Cash Flow Less CapEx to Interest Expense	10.44	3.16	1.14	1.44	1.29	0.69	0.71	0.94	0.96	0.95
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04
Fixed Asset Turnover	7.22	7.34	7.51	7.53	6.79	6.95	7.22	7.61	6.95	7.14
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,434	1,962	1,915	2,091	2,103	2,063	1,960	1,938	1,979	1,941
Invested Capital Turnover	0.34	0.31	0.31	0.29	0.29	0.26	0.28	0.27	0.28	0.29
Increase / (Decrease) in Invested Capital	-120	613	434	637	669	102	45	-153	-125	-122
Enterprise Value (EV)	1,489	2,331	1,856	1,996	1,378	2,344	1,914	2,089	2,061	2,384
Market Capitalization	1,533	1,741	1,382	1,318	1,310	1,911	1,715	1,820	2,086	2,253
Book Value per Share	$27.00	$27.39	$28.24	$28.21	$31.87	$30.28	$30.57	$31.01	$32.27	$32.35
Tangible Book Value per Share	$20.25	$20.66	$21.53	$21.51	$22.45	$21.73	$22.07	$22.55	$23.83	$23.89
Total Capital	1,434	1,962	1,915	2,091	2,103	2,063	1,960	1,938	1,979	1,941
Total Debt	278	788	703	881	741	637	518	476	457	415
Total Long-Term Debt	203	203	228	228	250	251	251	251	252	252
Net Debt	-43	591	473	679	68	432	199	269	-26	131
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	278	788	703	881	741	637	518	476	457	415
Total Depreciation and Amortization (D&A)	5.69	5.60	5.56	5.47	6.80	7.62	7.66	7.62	7.57	7.59
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.91	$0.84	$0.78	$0.70	$0.54	$0.65	$0.72	$0.69	$0.81	$0.76
Adjusted Weighted Average Basic Shares Outstanding	42.84M	42.90M	42.90M	42.76M	47.09M	47.15M	47.15M	47.17M	47.18M	47.25M
Adjusted Diluted Earnings per Share	$0.90	$0.84	$0.78	$0.70	$0.54	$0.63	$0.71	$0.69	$0.80	$0.77
Adjusted Weighted Average Diluted Shares Outstanding	42.84M	42.90M	42.90M	42.76M	47.09M	47.15M	47.15M	47.17M	47.18M	47.25M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	42.84M	42.90M	42.90M	42.76M	47.09M	47.15M	47.15M	47.17M	47.18M	47.25M
Normalized Net Operating Profit after Tax (NOPAT)	39	37	34	31	31	31	34	33	39	37
Normalized NOPAT Margin	29.60%	27.54%	26.99%	25.59%	22.76%	22.26%	24.06%	23.30%	26.13%	24.77%
Pre Tax Income Margin	38.34%	34.87%	34.19%	31.97%	23.46%	28.90%	30.74%	29.86%	33.08%	30.67%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	10.66	4.97	2.26	1.23	0.75	0.77	0.83	0.78	0.89	0.88
NOPAT to Interest Expense	8.23	3.85	1.76	0.95	0.58	0.59	0.65	0.61	0.70	0.70
EBIT Less CapEx to Interest Expense	10.66	4.97	2.26	1.23	0.75	0.77	0.83	0.78	0.89	0.88
NOPAT Less CapEx to Interest Expense	8.23	3.85	1.76	0.95	0.58	0.59	0.65	0.61	0.70	0.70
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	32.01%	32.74%	34.50%	37.05%	43.12%	47.05%	48.85%	49.61%	45.38%	44.27%
Augmented Payout Ratio	46.59%	42.42%	38.98%	39.05%	47.10%	51.21%	53.06%	51.60%	45.56%	44.45%

Financials Breakdown Chart

Key Financial Trends

NBT Bancorp (NASDAQ: NBTB) has demonstrated solid financial performance over the past four years, with several notable trends in its income, cash flow, and balance sheet statements through the quarterly data.

Key Positive Highlights:

Consistent growth in net interest income, reaching $106.1 million in Q4 2024 from around $95 million in Q1 2023, driven by stable loans and leases interest income, which exceeded $141 million in Q4 2024.
Steady non-interest income streams from trust fees, service charges, and other service charges, with total non-interest income around $42.4 million in Q4 2024, supporting diversified revenue sources.
Robust net income growth, with quarterly net income rising from $30.4 million in Q4 2023 to $36.0 million in Q4 2024, indicating improving profitability.
Strong operational cash flow generation, with net cash from continuing operating activities of $49.2 million in Q4 2024, consistent with prior quarters and years, facilitating operational liquidity.
Stable and growing common equity, increasing to approximately $1.52 billion by Q3 2024, supporting capital adequacy and potential for future growth investments.

Neutral Observations:

Total interest expense increased slightly in recent quarters ($51.6 million in Q4 2024 vs. $51.7 million in Q4 2023), reflecting higher deposit interest and borrowing costs but balanced by strong interest income.
Provision for credit losses fluctuates between $2.2 million and $9.0 million in recent quarters, indicating cautious credit risk management without severe deterioration.
Basic and diluted earnings per share have remained fairly steady, fluctuating around $0.69 to $0.77 quarterly, with no significant dilution in shares outstanding.
Investing activities show large cash outflows primarily due to purchases of investment securities offset by sales/maturities, suggesting active portfolio management rather than operational concerns.

Negative Trends or Risks:

Net cash outflow from continuing financing activities heavily increased in Q4 2024 (-$99.9 million), driven by significant repayment of debt and deposit outflows, which could pressure liquidity if prolonged.
Total non-interest expenses continue to be high ($100.8 million in Q4 2024), with increases in salaries, occupancy, insurance claims, and restructuring charges indicating elevated operating costs.

Summary: NBT Bancorp's financial statements reflect a healthy growth trajectory in core lending activities and overall profitability. The bank is generating strong operational cash flow and maintains a solid equity base. However, investors should monitor the rising financing outflows and elevated expenses as potential headwinds. The company’s consistent net income growth and balanced revenue mix position it well for future stability, but expense management and liquidity trends warrant attention.

09/22/25 01:36 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About NBT Bancorp's Financials

When does NBT Bancorp's fiscal year end?

According to the most recent income statement we have on file, NBT Bancorp's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has NBT Bancorp's net income changed over the last 10 years?

NBT Bancorp's net income appears to be on an upward trend, with a most recent value of $140.64 million in 2024, rising from $75.07 million in 2014. The previous period was $118.78 million in 2023. See NBT Bancorp's forecast for analyst expectations on what’s next for the company.

How has NBT Bancorp's revenue changed over the last 10 years?

Over the last 10 years, NBT Bancorp's total revenue changed from $377.91 million in 2014 to $576.95 million in 2024, a change of 52.7%.

How much debt does NBT Bancorp have?

NBT Bancorp's total liabilities were at $12.26 billion at the end of 2024, a 3.2% increase from 2023, and a 76.6% increase since 2014.

How much cash does NBT Bancorp have?

In the past 10 years, NBT Bancorp's cash and equivalents has ranged from $130.59 million in 2015 to $205.08 million in 2024, and is currently $205.08 million as of their latest financial filing in 2024.

How has NBT Bancorp's book value per share changed over the last 10 years?

Over the last 10 years, NBT Bancorp's book value per share changed from 19.76 in 2014 to 32.35 in 2024, a change of 63.7%.

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This page (NASDAQ:NBTB) was last updated on 9/22/2025 by MarketBeat.com Staff

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NBT Bancorp (NBTB) Financials

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NBT Bancorp (NBTB) Financials

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