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NBT Bancorp (NBTB) Financials

NBT Bancorp logo
$40.95 +0.30 (+0.74%)
Closing price 08/8/2025 04:00 PM Eastern
Extended Trading
$40.94 -0.01 (-0.01%)
As of 08/8/2025 04:20 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
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Annual Income Statements for NBT Bancorp

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

Quarterly Income Statements for NBT Bancorp

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

Annual Cash Flow Statements for NBT Bancorp

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

Quarterly Cash Flow Statements for NBT Bancorp

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

Annual Balance Sheets for NBT Bancorp

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

Quarterly Balance Sheets for NBT Bancorp

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

Annual Metrics And Ratios for NBT Bancorp

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%

Quarterly Metrics And Ratios for NBT Bancorp

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%

Key Financial Trends

NBT Bancorp (NASDAQ: NBTB) has demonstrated steady financial performance and growth trends over the past four years, through the end of 2024. Here are the key points for retail investors to consider based on the reviewed quarterly financials:

  • Increasing Net Interest Income: Q4 2024 net interest income rose to approximately $106.1 million, up from $99.2 million in Q4 2023 and $94.5 million in Q3 2022, showing strong growth in core lending and investment income.
  • Consistently Growing Net Income: The company reported $36.0 million in net income in Q4 2024, compared to $30.4 million in Q4 2023 and $38.9 million in Q3 2022, reflecting generally increasing profitability.
  • Stable Earnings Per Share (EPS) Growth: Diluted EPS increased from $0.54 in Q3 2022 to $0.77 in Q4 2024, supported by steady net income and controlled share counts.
  • Strong Operating Cash Flows: NBTB generated strong cash from continuing operating activities, with $49.2 million in Q4 2024 and similar levels in prior quarters, supporting liquidity and operational strength.
  • Controlled Provision for Credit Losses: Although provision for credit losses fluctuated, it remained within manageable levels ($2.2 million in Q4 2024 vs. $5.1 million in prior year's Q4), indicating stable asset quality.
  • Maintained Capital and Equity: Total common equity grew to approximately $1.52 billion by Q3 2024 from $1.15 billion in Q3 2022, showing a solid capital base to support business growth.
  • Volatility in Non-Interest Income: Non-interest income showed fluctuations quarter to quarter, impacted by realized and unrealized capital gains/losses on investments as well as other service charges.
  • Modest Increase in Interest Expense: Interest expense increased moderately over the period, reaching $51.6 million in Q4 2024 from $42.2 million in Q3 2022, aligned with higher funding costs and borrowings.
  • Fluctuations in Deposits and Financing Activities: Deposit balances and financing cash flows showed significant quarterly movements, affected by changes in net deposits and debt repayments, typical for banking operations.
  • Rising Non-Interest Expenses: Non-interest expenses have increased notably, with total expenses at approximately $100.8 million in Q4 2024 versus $76.7 million in Q3 2022, which may pressure profitability if unchecked.
  • Investment Securities Purchase Outflows: Large cash outflows for purchasing investment securities were recorded in recent quarters, e.g., ($242 million) in Q4 2024, which could impact liquidity if sustained.
  • Significant Negative Net Change in Cash & Equivalents: Q4 2024 showed a large decrease in cash of about $198 million, indicating higher cash outflows possibly from investing activities or deposit declines.

Summary: NBT Bancorp has shown steady growth in core earnings, net interest income, and equity capital while maintaining a stable credit profile. However, increasing non-interest expenses and sizable investing cash outflows are cautionary factors to watch. Overall, the bank demonstrates a solid financial foundation with growth potential, though investors should monitor costs and cash flow dynamics closely.

08/10/25 05:55 AMAI 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. Find out what analysts predict for NBT Bancorp in the coming months.

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 8/10/2025 by MarketBeat.com Staff
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