NBT Bancorp (NBTB) Financials

$51.51 +0.06 (+0.12%)

Closing price 09/18/2026 04:00 PM Eastern

Extended Trading

$51.50 -0.01 (-0.02%)

As of 09/18/2026 07:30 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	76	78	82	113	121	104	155	152	119	141	169
Consolidated Net Income / (Loss)	76	78	82	113	121	104	155	152	119	141	169
Net Income / (Loss) Continuing Operations	76	78	82	113	121	104	155	152	119	141	169
Total Pre-Tax Income	117	119	128	137	155	133	200	196	153	179	219
Total Revenue	371	380	405	430	456	462	479	518	520	577	697
Net Interest Income / (Expense)	253	264	283	306	312	316	321	362	378	400	502
Total Interest Income	273	287	309	344	368	348	340	384	523	612	711
Loans and Leases Interest Income	242	251	267	301	321	308	302	333	463	553	632
Investment Securities Interest Income	30	34	39	40	42	38	36	47	50	52	66
Other Interest Income	1.75	2.07	2.81	3.27	3.65	2.71	1.85	4.07	9.63	7.08	13
Total Interest Expense	21	23	26	39	56	33	19	22	145	212	209
Deposits Interest Expense	14	14	14	22	40	22	11	9.92	105	187	192
Short-Term Borrowings Interest Expense	0.78	2.31	6.00	11	9.69	3.41	0.16	2.62	26	8.67	3.64
Long-Term Debt Interest Expense	5.58	5.83	5.44	5.93	6.30	7.13	7.92	9.33	14	16	13
Total Non-Interest Income	118	116	121	125	144	146	158	156	142	177	195
Trust Fees by Commissions	19	19	20	29	28	29	34	33	35	42	45
Service Charges on Deposit Accounts	17	17	17	17	17	13	27	29	31	34	37
Other Service Charges	71	76	77	65	73	84	90	88	79	90	101
Net Realized & Unrealized Capital Gains on Investments	7.27	-0.64	2.69	-6.34	4.21	-0.39	0.57	-1.13	-9.32	2.79	0.15
Other Non-Interest Income	4.33	5.20	5.18	20	21	21	6.22	6.04	6.75	8.33	12
Provision for Credit Losses	18	25	31	29	25	51	-8.26	17	25	20	32
Total Non-Interest Expense	236	236	246	265	275	278	287	304	342	378	445
Salaries and Employee Benefits	126	132	135	152	157	162	173	188	194	232	257
Net Occupancy & Equipment Expense	52	52	54	35	60	58	61	62	67	70	80
Marketing Expense	2.65	2.56	2.74	2.78	2.77	2.29	2.52	2.82	3.05	3.39	4.01
Property & Liability Insurance Claims	5.15	5.11	4.77	4.65	1.95	2.69	3.04	3.20	6.26	6.77	7.89
Other Operating Expenses	46	41	45	67	50	49	46	45	57	55	64
Amortization Expense	4.86	3.93	3.96	4.04	3.58	3.40	2.81	2.26	4.73	8.44	12
Restructuring Charge	-	-	-	-	-	0.00	0.00	0.97	9.98	1.53	20
Income Tax Expense	40	40	46	24	34	29	45	44	35	39	50
Basic Earnings per Share	$1.74	$1.81	$1.89	$2.58	$2.76	$2.39	$3.57	$3.54	$2.67	$2.98	$3.34
Weighted Average Basic Shares Outstanding	43.90M	43.30M	43.50M	43.60M	43.84M	43.58M	43.17M	42.90M	47.15M	47.25M	52.20M
Diluted Earnings per Share	$1.72	$1.80	$1.87	$2.56	$2.74	$2.37	$3.54	$3.52	$2.65	$2.97	$3.33
Weighted Average Diluted Shares Outstanding	43.90M	43.30M	43.50M	43.60M	43.84M	43.58M	43.17M	42.90M	47.15M	47.25M	52.20M
Weighted Average Basic & Diluted Shares Outstanding	43.90M	43.30M	43.50M	43.60M	43.84M	43.58M	43.17M	42.90M	47.15M	47.25M	52.20M
Cash Dividends to Common per Share	-	-	$0.92	$0.99	$1.05	$1.08	$1.10	$1.16	$1.24	$1.32	$1.42

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	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	30	34	33	38	36	37	23	54	56	51	53
Consolidated Net Income / (Loss)	30	34	33	38	36	37	23	54	56	51	53
Net Income / (Loss) Continuing Operations	30	34	33	38	36	37	23	54	56	51	53
Total Pre-Tax Income	40	43	42	49	46	47	31	72	70	67	69
Total Revenue	138	141	140	147	149	155	171	186	185	184	187
Net Interest Income / (Expense)	99	95	97	102	106	107	124	135	135	134	137
Total Interest Income	151	147	151	156	158	154	178	190	189	183	186
Loans and Leases Interest Income	133	133	137	142	141	138	159	169	166	161	164
Investment Securities Interest Income	13	12	13	13	14	15	16	17	17	18	19
Other Interest Income	5.59	1.36	1.41	1.38	2.93	1.18	2.19	4.51	5.02	3.71	2.80
Total Interest Expense	52	52	54	55	52	47	53	56	53	48	49
Deposits Interest Expense	43	44	47	49	47	43	48	52	49	45	45
Short-Term Borrowings Interest Expense	4.95	3.42	2.90	1.43	0.92	0.87	1.05	0.82	0.92	0.82	1.17
Long-Term Debt Interest Expense	4.04	4.00	4.01	4.02	3.90	3.73	4.09	2.89	2.76	2.64	2.75
Total Non-Interest Income	38	45	43	46	42	47	47	51	50	50	50
Trust Fees by Commissions	9.15	9.70	10	11	11	11	11	11	12	11	11
Service Charges on Deposit Accounts	12	8.51	8.07	9.25	8.29	9.00	8.68	10	9.06	9.75	9.37
Other Service Charges	19	23	23	23	21	24	25	27	25	26	27
Net Realized & Unrealized Capital Gains on Investments	0.51	2.18	-0.09	0.48	0.22	-0.10	0.11	-0.00	0.14	0.44	0.18
Other Non-Interest Income	-2.59	2.35	1.83	1.87	2.27	3.40	2.18	3.24	3.58	2.66	2.51
Provision for Credit Losses	5.13	5.58	8.90	2.92	2.21	7.55	18	3.10	3.77	5.58	6.14
Total Non-Interest Expense	93	92	90	96	101	100	123	111	112	112	111
Salaries and Employee Benefits	50	56	55	60	62	61	64	67	66	69	69
Net Occupancy & Equipment Expense	17	18	17	18	18	19	20	20	21	23	21
Marketing Expense	1.21	0.81	0.87	0.71	0.99	1.14	0.97	0.83	1.07	0.92	0.94
Property & Liability Insurance Claims	1.86	1.74	1.67	1.82	1.55	1.69	1.82	2.26	2.11	2.01	1.98
Other Operating Expenses	20	14	13	13	15	14	16	17	18	15	15
Amortization Expense	2.13	2.17	2.13	2.06	2.08	2.11	3.04	3.43	3.36	3.35	3.19
Restructuring Charge	0.25	0.00	0.00	0.54	0.99	1.22	17	1.13	-	0.00	0.00
Income Tax Expense	9.34	9.39	9.20	11	9.54	10	8.20	17	14	16	16
Basic Earnings per Share	$0.65	$0.72	$0.69	$0.81	$0.76	$0.78	$0.45	$1.04	$1.07	$0.98	$1.02
Weighted Average Basic Shares Outstanding	47.15M	47.15M	47.17M	47.18M	47.25M	47.26M	52.39M	52.32M	52.20M	52.01M	51.96M
Diluted Earnings per Share	$0.63	$0.71	$0.69	$0.80	$0.77	$0.77	$0.44	$1.03	$1.09	$0.98	$1.02
Weighted Average Diluted Shares Outstanding	47.15M	47.15M	47.17M	47.18M	47.25M	47.26M	52.39M	52.32M	52.20M	52.01M	51.96M
Weighted Average Basic & Diluted Shares Outstanding	47.15M	47.15M	47.17M	47.18M	47.25M	47.26M	52.39M	52.32M	52.20M	52.01M	51.96M

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Net Change in Cash & Equivalents	-6.34	8.88	10	21	36	456	596	-1,072	7.84	79	203
Net Cash From Operating Activities	125	111	137	148	153	145	159	183	157	189	235
Net Cash From Continuing Operating Activities	125	111	137	148	153	145	159	183	157	189	235
Net Income / (Loss) Continuing Operations	76	78	82	113	121	104	155	152	119	141	169
Consolidated Net Income / (Loss)	76	78	82	113	121	104	155	152	119	141	169
Provision For Loan Losses	18	25	31	29	25	51	-8.26	17	25	20	32
Depreciation Expense	8.65	9.02	9.06	9.28	9.50	9.77	9.90	10	11	12	13
Amortization Expense	7.42	9.21	8.75	8.05	14	15	16	13	15	19	22
Non-Cash Adjustments to Reconcile Net Income	-6.90	-3.28	-1.44	-1.40	-9.89	12	-1.61	-21	16	-2.86	23
Changes in Operating Assets and Liabilities, net	21	-8.22	7.40	-9.55	-6.77	-47	-12	12	-28	0.75	-25
Net Cash From Investing Activities	-504	-630	-305	-418	-64	-713	-548	-926	-44	-399	169
Net Cash From Continuing Investing Activities	-504	-630	-305	-418	-64	-713	-548	-926	-44	-399	169
Purchase of Investment Securities	-968	-1,321	-724	-1,133	-777	-1,361	-1,134	-1,356	-482	-790	-559
Sale and/or Maturity of Investments	464	691	668	715	713	648	586	430	438	391	728
Net Cash From Financing Activities	373	528	179	291	-53	1,023	985	-329	-105	289	-201
Net Cash From Continuing Financing Activities	373	528	179	291	-53	1,023	985	-329	-105	289	-201
Net Change in Deposits	305	369	197	198	220	1,494	1,153	-739	164	578	88
Issuance of Debt	126	263	62	178	-206	100	0.00	489	25	0.00	0.00
Issuance of Common Equity	9.36	6.03	3.31	1.30	0.73	0.18	0.11	0.00	0.09	0.06	0.12
Repayment of Debt	-0.50	-50	-40	-40	-20	-514	-96	-13	-232	-224	-203
Repurchase of Common Equity	-27	-17	-	0.00	0.00	-7.98	-22	-15	-4.94	-0.25	-10
Payment of Dividends	-38	-39	-40	-43	-46	-47	-48	-50	-56	-62	-73
Other Financing Activities, Net	-1.66	-3.39	-3.58	-1.89	-1.62	-1.54	-2.93	-1.75	-1.88	-1.99	-4.41
Cash Interest Paid	21	22	26	37	56	32	20	21	130	215	216
Cash Income Taxes Paid	29	41	34	32	28	46	46	63	28	23	25

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	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Change in Cash & Equivalents	-467	114	-112	275	-198	-30	287	99	-153	229	-421
Net Cash From Operating Activities	36	37	51	52	49	42	46	81	66	53	62
Net Cash From Continuing Operating Activities	36	37	51	52	49	42	46	81	66	53	62
Net Income / (Loss) Continuing Operations	30	34	33	38	36	37	23	54	56	51	53
Consolidated Net Income / (Loss)	30	34	33	38	36	37	23	54	56	51	53
Provision For Loan Losses	5.13	5.58	8.90	2.92	2.21	7.55	18	3.10	3.77	5.58	6.14
Depreciation Expense	2.89	2.86	2.87	2.89	2.92	2.96	3.24	3.38	3.43	3.45	3.50
Amortization Expense	4.73	4.80	4.75	4.68	4.68	4.73	5.63	5.99	5.88	5.77	5.56
Non-Cash Adjustments to Reconcile Net Income	10	-1.99	0.23	-2.02	0.93	-6.10	8.34	-2.09	23	0.96	-1.70
Changes in Operating Assets and Liabilities, net	-18	-8.32	1.06	5.57	2.44	-3.89	-11	16	-25	-14	-4.65
Net Cash From Investing Activities	48	-13	-180	-58	-148	-113	332	-14	-36	-5.69	-429
Net Cash From Continuing Investing Activities	48	-13	-180	-58	-148	-113	332	-14	-36	-5.69	-429
Purchase of Investment Securities	-4.65	-90	-298	-160	-242	-192	-50	-149	-167	-106	-573
Sale and/or Maturity of Investments	53	77	117	102	95	65	352	135	162	100	132
Other Investing Activities, net	-	-	-	-	-	14	-	0.05	-	0.04	11
Net Cash From Financing Activities	-551	90	18	281	-100	41	-91	32	-183	182	-54
Net Cash From Continuing Financing Activities	-551	90	18	281	-100	41	-91	32	-183	182	-54
Net Change in Deposits	-432	226	76	317	-42	162	-57	146	-162	244	-206
Repayment of Debt	-104	-120	-42	-20	-42	-102	-16	-92	7.79	-30	174
Repurchase of Common Equity	-	-0.06	-0.19	-	-	0.00	-	-	-10	-11	-3.02
Payment of Dividends	-15	-15	-15	-16	-16	-16	-18	-19	-19	-19	-19
Other Financing Activities, Net	-0.28	-1.30	-0.08	-0.24	-0.37	-2.11	-0.09	-2.21	-	-1.63	-0.18
Cash Interest Paid	52	55	53	55	52	50	50	61	55	51	49
Cash Income Taxes Paid	0.97	3.50	5.71	7.90	6.20	1.80	15	0.02	8.23	3.28	17

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Total Assets	8,263	8,867	9,137	9,556	9,716	10,933	12,012	11,739	13,309	13,787	15,995
Cash and Due from Banks	131	148	157	176	171	160	158	166	174	205	185
Interest Bearing Deposits at Other Banks	9.70	1.39	2.81	5.41	46	513	1,111	31	31	79	302
Trading Account Securities	1,654	1,875	1,751	1,805	1,633	1,996	1,688	2,478	2,377	2,470	2,675
Loans and Leases, Net of Allowance	5,820	6,133	6,514	6,815	7,063	-110	7,406	-101	-114	-116	-138
Allowance for Loan and Lease Losses	63	65	70	73	73	110	92	101	114	116	138
Premises and Equipment, Net	89	84	81	79	76	74	72	69	81	81	99
Goodwill	266	265	268	275	275	281	281	281	362	363	453
Intangible Assets	17	16	13	16	12	12	8.93	7.34	40	36	58
Other Assets	276	344	348	379	429	8,007	1,228	8,807	10,358	10,669	12,360
Total Liabilities & Shareholders' Equity	8,263	8,867	9,137	9,556	9,716	10,933	2,225	11,739	13,309	13,787	15,995
Total Liabilities	7,381	7,954	8,179	8,538	8,596	9,745	10,762	10,566	11,883	12,261	14,099
Non-Interest Bearing Deposits	1,998	2,196	2,287	2,361	2,414	3,241	-	3,617	3,414	3,446	3,800
Interest Bearing Deposits	4,607	4,778	4,884	5,007	5,173	5,841	501	5,879	7,555	8,101	9,699
Short-Term Debt	442	682	719	872	655	168	98	585	387	163	148
Long-Term Debt	232	205	190	175	165	238	-	203	251	252	179
Other Long-Term Liabilities	102	93	99	124	187	257	216	282	277	299	272
Total Equity & Noncontrolling Interests	882	913	958	1,018	1,120	1,188	1,410	1,174	1,426	1,526	1,896
Total Preferred & Common Equity	882	913	958	1,018	1,120	1,188	1,250	1,174	1,426	1,526	1,896
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	882	913	958	1,018	1,120	1,188	1,410	1,174	1,426	1,526	1,896
Common Stock	577	576	575	576	577	579	577	578	741	743	965
Retained Earnings	462	502	544	621	696	749	856	958	1,022	1,100	1,197
Treasury Stock	-135	-143	-138	-136	-134	-140	-	-173	-177	-175	-183
Accumulated Other Comprehensive Income / (Loss)	-22	-22	-22	-43	-19	0.42	-23	-190	-161	-142	-83

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	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026	6/30/2026
Total Assets	11,840	11,890	13,828	13,439	13,502	13,840	13,864	16,015	16,113	16,204	16,215
Cash and Due from Banks	162	170	213	162	172	251	217	265	246	152	187
Interest Bearing Deposits at Other Banks	68	32	459	157	35	232	37	277	394	565	107
Trading Account Securities	2,452	2,403	2,353	2,352	2,362	2,410	2,597	2,590	2,638	2,715	2,812
Loans and Leases, Net of Allowance	-100	-100	-115	-115	-121	-120	-117	-140	-139	-139	-141
Allowance for Loan and Lease Losses	100	100	115	115	121	120	117	140	139	139	141
Premises and Equipment, Net	68	67	83	80	79	80	82	96	99	100	98
Goodwill	281	281	360	362	362	362	363	454	454	453	453
Intangible Assets	6.96	6.50	43	39	37	36	34	64	61	54	51
Other Assets	8,902	9,032	10,431	10,402	10,576	10,589	10,652	12,410	12,359	12,305	12,646
Total Liabilities & Shareholders' Equity	11,840	11,890	13,828	13,439	13,502	13,840	13,864	16,015	16,113	16,204	16,215
Total Liabilities	10,628	10,680	12,465	11,998	12,040	12,318	12,298	14,210	14,259	14,290	14,271
Non-Interest Bearing Deposits	3,429	3,327	3,716	3,360	3,334	3,476	3,399	3,867	3,871	3,847	3,861
Interest Bearing Deposits	6,252	6,203	7,685	7,836	7,938	8,112	8,309	9,648	9,790	9,896	9,676
Short-Term Debt	475	652	490	267	225	205	86	113	139	118	316
Long-Term Debt	228	228	250	251	251	252	227	298	181	180	155
Other Long-Term Liabilities	244	270	323	284	292	273	277	283	279	250	263
Total Equity & Noncontrolling Interests	1,212	1,210	1,363	1,441	1,462	1,522	1,566	1,805	1,853	1,914	1,944
Total Preferred & Common Equity	1,212	1,210	1,363	1,441	1,462	1,522	1,566	1,805	1,853	1,914	1,944
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	1,212	1,210	1,363	1,441	1,462	1,522	1,566	1,805	1,853	1,914	1,944
Common Stock	578	579	741	741	742	743	741	963	965	966	967
Retained Earnings	980	997	1,006	1,041	1,058	1,080	1,121	1,126	1,161	1,229	1,263
Treasury Stock	-173	-175	-177	-176	-176	-176	-175	-174	-173	-194	-196
Accumulated Other Comprehensive Income / (Loss)	-174	-190	-208	-164	-163	-126	-122	-109	-99	-87	-89

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	52,315,193.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	52,315,193.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	3.23
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-1.80%	2.44%	6.48%	6.32%	5.85%	1.40%	3.66%	8.12%	0.51%	10.87%	20.82%
EBITDA Growth	2.95%	3.27%	6.52%	5.73%	16.06%	-11.66%	42.83%	-3.05%	-18.35%	17.32%	21.33%
EBIT Growth	3.85%	1.86%	7.88%	6.90%	13.45%	-14.38%	50.17%	-1.85%	-21.77%	16.94%	22.28%
NOPAT Growth	1.80%	2.60%	4.77%	37.02%	7.51%	-13.74%	48.37%	-1.87%	-21.85%	18.40%	20.33%
Net Income Growth	1.80%	2.60%	4.77%	37.02%	7.51%	-13.74%	48.37%	-1.87%	-21.85%	18.40%	20.33%
EPS Growth	1.78%	4.65%	3.89%	36.90%	7.03%	-13.50%	49.37%	-0.57%	-24.72%	12.08%	12.12%
Operating Cash Flow Growth	41.78%	-11.19%	23.82%	7.94%	3.85%	-5.34%	9.58%	15.10%	-14.06%	19.76%	24.74%
Free Cash Flow Firm Growth	-119.32%	-148.97%	109.10%	-660.67%	388.99%	84.53%	-11.11%	-215.03%	103.73%	1,426.01%	-143.14%
Invested Capital Growth	10.12%	15.69%	3.73%	10.56%	-5.98%	-17.86%	-15.44%	45.49%	5.18%	-5.91%	14.55%
Revenue Q/Q Growth	1.34%	-0.12%	2.38%	-0.02%	1.92%	1.05%	1.71%	1.49%	0.73%	1.92%	5.54%
EBITDA Q/Q Growth	1.79%	0.55%	2.33%	-2.62%	5.60%	8.81%	-0.59%	-1.03%	-2.66%	2.81%	11.31%
EBIT Q/Q Growth	1.88%	0.10%	2.90%	-2.79%	5.24%	5.13%	2.28%	-0.71%	-4.30%	3.32%	12.36%
NOPAT Q/Q Growth	0.81%	0.62%	-2.34%	10.85%	0.26%	5.28%	2.05%	-0.78%	-4.56%	4.12%	13.03%
Net Income Q/Q Growth	0.81%	0.62%	-2.34%	10.85%	0.26%	5.28%	2.05%	-0.78%	-4.56%	4.12%	13.03%
EPS Q/Q Growth	1.18%	1.12%	-2.60%	10.82%	0.37%	5.33%	2.02%	-0.28%	-7.34%	4.95%	10.63%
Operating Cash Flow Q/Q Growth	1.97%	-0.68%	7.58%	5.46%	1.00%	-7.42%	-8.86%	4.16%	3.93%	7.72%	7.78%
Free Cash Flow Firm Q/Q Growth	-194.09%	-2.70%	145.09%	-62.80%	-34.67%	111.19%	91.08%	-268.64%	103.16%	1.05%	-156.71%
Invested Capital Q/Q Growth	5.83%	5.30%	2.19%	4.23%	12.38%	-1.15%	-13.28%	36.74%	-1.92%	-1.90%	2.35%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	35.76%	36.05%	36.06%	35.86%	39.32%	34.25%	47.19%	42.32%	34.38%	36.38%	36.54%
EBIT Margin	31.43%	31.25%	31.66%	31.83%	34.12%	28.81%	41.73%	37.88%	29.49%	31.10%	31.48%
Profit (Net Income) Margin	20.59%	20.63%	20.29%	26.15%	26.56%	22.60%	32.34%	29.36%	22.83%	24.38%	24.28%
Tax Burden Percent	65.53%	66.00%	64.10%	82.16%	77.86%	78.44%	77.50%	77.49%	77.40%	78.37%	77.12%
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	34.47%	34.00%	35.90%	17.84%	22.14%	21.56%	22.50%	22.51%	22.60%	21.63%	22.88%
Return on Invested Capital (ROIC)	5.15%	4.67%	4.48%	5.73%	6.04%	5.91%	10.53%	9.18%	5.90%	7.02%	8.13%
ROIC Less NNEP Spread (ROIC-NNEP)	5.15%	4.67%	4.48%	5.73%	6.04%	5.91%	10.53%	9.18%	5.90%	7.02%	8.13%
Return on Net Nonoperating Assets (RNNOA)	3.61%	4.06%	4.30%	5.67%	5.28%	3.14%	1.40%	2.58%	3.24%	2.50%	1.76%
Return on Equity (ROE)	8.75%	8.73%	8.78%	11.39%	11.32%	9.05%	11.92%	11.76%	9.14%	9.53%	9.89%
Cash Return on Invested Capital (CROIC)	-4.48%	-9.88%	0.82%	-4.30%	12.21%	25.52%	27.25%	-27.87%	0.86%	13.12%	-5.44%
Operating Return on Assets (OROA)	1.45%	1.39%	1.42%	1.47%	1.61%	1.29%	1.74%	1.65%	1.23%	1.32%	1.47%
Return on Assets (ROA)	0.95%	0.92%	0.91%	1.20%	1.26%	1.01%	1.35%	1.28%	0.95%	1.04%	1.14%
Return on Common Equity (ROCE)	8.75%	8.73%	8.78%	11.39%	11.32%	9.05%	11.92%	11.76%	9.14%	9.53%	9.89%
Return on Equity Simple (ROE_SIMPLE)	8.66%	8.59%	8.57%	11.06%	10.80%	8.79%	12.39%	12.95%	8.33%	9.22%	8.92%
Net Operating Profit after Tax (NOPAT)	76	78	82	113	121	104	155	152	119	141	169
NOPAT Margin	20.59%	20.63%	20.29%	26.15%	26.56%	22.60%	32.34%	29.36%	22.83%	24.38%	24.28%
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	48.61%	49.02%	47.45%	43.95%	48.13%	48.12%	49.25%	48.80%	50.71%	53.09%	49.05%
Operating Expenses to Revenue	63.64%	62.06%	60.68%	61.47%	60.30%	60.12%	59.99%	58.80%	65.65%	65.50%	63.89%
Earnings before Interest and Taxes (EBIT)	117	119	128	137	155	133	200	196	153	179	219
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	133	137	146	154	179	158	226	219	179	210	255
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.06	1.58	1.37	1.25	1.37	1.06	1.09	1.48	1.34	1.48	1.15
Price to Tangible Book Value (P/TBV)	1.57	2.29	1.94	1.75	1.84	1.40	1.37	1.97	1.87	2.00	1.57
Price to Revenue (P/Rev)	2.53	3.81	3.25	2.95	3.38	2.71	3.21	3.36	3.67	3.91	3.12
Price to Earnings (P/E)	12.27	18.45	16.00	11.30	12.71	12.00	9.94	11.45	16.09	16.02	12.84
Dividend Yield	4.01%	2.69%	3.05%	3.40%	2.99%	3.76%	3.10%	2.85%	3.05%	2.76%	3.42%
Earnings Yield	8.15%	5.42%	6.25%	8.85%	7.87%	8.33%	10.06%	8.73%	6.21%	6.24%	7.79%
Enterprise Value to Invested Capital (EV/IC)	0.95	1.21	1.11	1.04	1.10	0.62	0.27	1.19	1.14	1.23	0.91
Enterprise Value to Revenue (EV/Rev)	3.97	5.75	5.10	4.97	4.70	2.14	0.77	4.50	4.50	4.13	2.89
Enterprise Value to EBITDA (EV/EBITDA)	11.09	15.94	14.14	13.85	11.96	6.24	1.63	10.64	13.10	11.36	7.90
Enterprise Value to EBIT (EV/EBIT)	12.62	18.39	16.10	15.60	13.78	7.42	1.84	11.89	15.27	13.29	9.17
Enterprise Value to NOPAT (EV/NOPAT)	19.26	27.86	25.12	18.99	17.70	9.46	2.38	15.34	19.73	16.95	11.89
Enterprise Value to Operating Cash Flow (EV/OCF)	11.82	19.76	15.08	14.46	13.96	6.80	2.31	12.72	14.88	12.64	8.56
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	136.79	0.00	8.76	2.19	0.92	0.00	136.19	9.08	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.76	0.97	0.95	1.03	0.73	0.34	0.07	0.67	0.45	0.27	0.17
Long-Term Debt to Equity	0.26	0.22	0.20	0.17	0.15	0.20	0.00	0.17	0.18	0.17	0.09
Financial Leverage	0.70	0.87	0.96	0.99	0.87	0.53	0.13	0.28	0.55	0.36	0.22
Leverage Ratio	9.20	9.54	9.62	9.46	9.01	8.95	8.83	9.19	9.64	9.18	8.70
Compound Leverage Factor	9.20	9.54	9.62	9.46	9.01	8.95	8.83	9.19	9.64	9.18	8.70
Debt to Total Capital	43.32%	49.27%	48.69%	50.70%	42.28%	25.51%	6.48%	40.17%	30.90%	21.38%	14.72%
Short-Term Debt to Total Capital	28.43%	37.87%	38.51%	42.22%	33.76%	10.56%	6.48%	29.82%	18.74%	8.39%	6.66%
Long-Term Debt to Total Capital	14.89%	11.40%	10.18%	8.47%	8.52%	14.95%	0.00%	10.35%	12.15%	12.98%	8.07%
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	56.68%	50.73%	51.31%	49.30%	57.72%	74.49%	93.52%	59.83%	69.11%	78.62%	85.28%
Debt to EBITDA	5.08	6.47	6.23	6.78	4.58	2.57	0.43	3.60	3.56	1.98	1.29
Net Debt to EBITDA	4.02	5.38	5.14	5.61	3.37	-1.68	-5.18	2.70	2.42	0.62	-0.63
Long-Term Debt to EBITDA	1.75	1.50	1.30	1.13	0.92	1.51	0.00	0.93	1.40	1.20	0.70
Debt to NOPAT	8.82	11.31	11.07	9.30	6.78	3.90	0.63	5.18	5.37	2.95	1.93
Net Debt to NOPAT	6.99	9.41	9.12	7.69	4.99	-2.55	-7.56	3.89	3.64	0.93	-0.94
Long-Term Debt to NOPAT	3.03	2.62	2.31	1.55	1.37	2.28	0.00	1.34	2.11	1.79	1.06
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)	-67	-166	15	-85	244	451	401	-461	17	263	-113
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	-3.23	-7.37	0.58	-2.19	4.37	13.84	21.34	-21.08	0.12	1.24	-0.54
Operating Cash Flow to Interest Expense	6.04	4.91	5.28	3.83	2.74	4.46	8.47	8.37	1.09	0.89	1.12
Operating Cash Flow Less CapEx to Interest Expense	6.04	4.91	5.28	3.83	2.74	4.46	8.47	8.37	1.09	0.89	1.12
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.05	0.04	0.05	0.05	0.05	0.04	0.04	0.04	0.04	0.04	0.05
Fixed Asset Turnover	4.17	4.39	4.89	5.37	5.89	6.17	6.55	7.34	6.95	7.14	7.74
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,556	1,800	1,867	2,065	1,941	1,594	1,348	1,962	2,063	1,941	2,224
Invested Capital Turnover	0.25	0.23	0.22	0.22	0.23	0.26	0.33	0.31	0.26	0.29	0.33
Increase / (Decrease) in Invested Capital	143	244	67	197	-123	-347	-246	613	102	-122	283
Enterprise Value (EV)	1,472	2,184	2,064	2,137	2,142	987	368	2,331	2,344	2,384	2,012
Market Capitalization	938	1,447	1,314	1,272	1,538	1,253	1,539	1,741	1,911	2,253	2,172
Book Value per Share	$20.37	$21.16	$22.01	$23.31	$25.58	$27.22	$32.53	$27.39	$30.28	$32.35	$36.25
Tangible Book Value per Share	$13.83	$14.64	$15.54	$16.66	$19.04	$20.52	$25.86	$20.66	$21.73	$23.89	$26.48
Total Capital	1,556	1,800	1,867	2,065	1,941	1,594	1,508	1,962	2,063	1,941	2,224
Total Debt	674	887	909	1,047	821	407	98	788	637	415	327
Total Long-Term Debt	232	205	190	175	165	238	0.00	203	251	252	179
Net Debt	534	738	750	866	604	-266	-1,171	591	432	131	-160
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)	674	887	909	1,047	821	407	-62	788	637	415	327
Total Depreciation and Amortization (D&A)	16	18	18	17	24	25	26	23	25	30	35
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.74	$1.81	$1.89	$2.58	$2.76	$2.39	$3.57	$3.54	$2.67	$2.98	$3.34
Adjusted Weighted Average Basic Shares Outstanding	43.13M	43.39M	43.59M	43.73M	43.84M	43.58M	43.17M	42.90M	47.15M	47.25M	52.20M
Adjusted Diluted Earnings per Share	$1.72	$1.80	$1.87	$2.56	$2.74	$2.37	$3.54	$3.52	$2.65	$2.97	$3.33
Adjusted Weighted Average Diluted Shares Outstanding	43.13M	43.39M	43.59M	43.73M	43.84M	43.58M	43.17M	42.90M	47.15M	47.25M	52.20M
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	43.13M	43.39M	43.59M	43.73M	43.84M	43.58M	43.17M	42.90M	47.15M	47.25M	52.20M
Normalized Net Operating Profit after Tax (NOPAT)	76	78	82	113	121	104	155	153	127	142	184
Normalized NOPAT Margin	20.59%	20.63%	20.29%	26.15%	26.56%	22.60%	32.34%	29.50%	24.31%	24.58%	26.44%
Pre Tax Income Margin	31.43%	31.25%	31.66%	31.83%	34.12%	28.81%	41.73%	37.88%	29.49%	31.10%	31.48%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.66	5.28	4.95	3.55	2.78	4.08	10.64	8.97	1.06	0.85	1.05
NOPAT to Interest Expense	3.71	3.48	3.17	2.91	2.16	3.20	8.24	6.95	0.82	0.66	0.81
EBIT Less CapEx to Interest Expense	5.66	5.28	4.95	3.55	2.78	4.08	10.64	8.97	1.06	0.85	1.05
NOPAT Less CapEx to Interest Expense	3.71	3.48	3.17	2.91	2.16	3.20	8.24	6.95	0.82	0.66	0.81
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	49.92%	49.59%	48.82%	38.44%	38.02%	45.22%	30.82%	32.74%	47.05%	44.27%	42.90%
Augmented Payout Ratio	84.98%	71.51%	48.82%	38.44%	38.02%	52.87%	44.84%	42.42%	51.21%	44.45%	48.91%

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

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	52,315,193.00	52,204,410.00	52,010,232.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	52,315,193.00	52,204,410.00	52,010,232.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	1.06	0.98	1.02
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.83%	11.14%	15.91%	9.11%	7.90%	10.04%	21.90%	26.20%	24.65%	19.27%	9.08%
EBITDA Growth	-9.33%	4.23%	12.09%	46.35%	12.10%	7.94%	-20.12%	44.09%	48.68%	38.23%	97.57%
EBIT Growth	-14.78%	-0.07%	8.23%	53.87%	14.49%	9.27%	-26.75%	47.25%	53.01%	41.20%	125.08%
NOPAT Growth	-15.71%	0.49%	8.79%	54.83%	18.26%	8.64%	-31.20%	42.98%	54.17%	39.18%	135.58%
Net Income Growth	-15.71%	0.49%	8.79%	54.83%	18.26%	8.64%	-31.20%	42.98%	54.17%	39.18%	135.58%
EPS Growth	-25.00%	-8.97%	-1.43%	48.15%	22.22%	8.45%	-36.23%	28.75%	41.56%	27.27%	131.82%
Operating Cash Flow Growth	20.04%	68.19%	11.46%	-4.58%	37.92%	14.31%	-8.00%	54.59%	34.52%	26.27%	33.15%
Free Cash Flow Firm Growth	87.68%	97.28%	130.61%	125.28%	322.08%	1,181.36%	-237.86%	-185.58%	-243.71%	-339.72%	43.15%
Invested Capital Growth	5.18%	2.33%	-7.32%	-5.93%	-5.91%	-4.13%	14.37%	9.80%	14.55%	17.73%	8.96%
Revenue Q/Q Growth	1.87%	2.11%	-0.11%	5.01%	0.74%	4.14%	10.65%	8.72%	-0.50%	-0.36%	1.20%
EBITDA Q/Q Growth	23.13%	7.31%	-2.62%	13.74%	-5.69%	3.33%	-27.93%	105.17%	-2.69%	-3.93%	3.00%
EBIT Q/Q Growth	25.50%	8.62%	-3.00%	16.36%	-6.62%	3.68%	-34.97%	133.90%	-2.97%	-4.33%	3.66%
NOPAT Q/Q Growth	23.73%	11.09%	-3.27%	16.45%	-5.49%	2.06%	-38.74%	141.99%	1.91%	-7.87%	3.69%
Net Income Q/Q Growth	23.73%	11.09%	-3.27%	16.45%	-5.49%	2.06%	-38.74%	141.99%	1.91%	-7.87%	3.69%
EPS Q/Q Growth	16.67%	12.70%	-2.82%	15.94%	-3.75%	0.00%	-42.86%	134.09%	5.83%	-10.09%	4.08%
Operating Cash Flow Q/Q Growth	-34.74%	3.06%	37.48%	3.19%	-5.68%	-14.58%	10.65%	73.40%	-17.92%	-19.82%	16.68%
Free Cash Flow Firm Q/Q Growth	88.96%	84.71%	1,807.49%	-12.29%	-3.02%	-25.55%	-317.69%	45.55%	-62.86%	-24.19%	48.37%
Invested Capital Q/Q Growth	-1.92%	-5.02%	-1.10%	2.10%	-1.90%	-3.21%	17.98%	-1.99%	2.35%	-0.53%	9.19%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	34.44%	36.19%	35.28%	38.21%	35.78%	35.50%	23.12%	43.63%	42.67%	41.14%	41.88%
EBIT Margin	28.90%	30.74%	29.86%	33.08%	30.67%	30.53%	17.94%	38.60%	37.64%	36.14%	37.02%
Profit (Net Income) Margin	22.12%	24.06%	23.30%	25.84%	24.24%	23.76%	13.15%	29.27%	29.98%	27.72%	28.41%
Tax Burden Percent	76.53%	78.27%	78.05%	78.10%	79.05%	77.82%	73.31%	75.84%	79.65%	76.70%	76.73%
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	23.47%	21.73%	21.95%	21.90%	20.95%	22.19%	26.69%	24.16%	20.35%	23.30%	23.27%
Return on Invested Capital (ROIC)	5.72%	6.64%	6.41%	7.17%	6.99%	7.32%	3.94%	9.31%	10.04%	9.85%	9.11%
ROIC Less NNEP Spread (ROIC-NNEP)	5.72%	6.64%	6.41%	7.17%	6.99%	7.32%	3.94%	9.31%	10.04%	9.85%	9.11%
Return on Net Nonoperating Assets (RNNOA)	3.14%	3.06%	3.25%	2.97%	2.49%	2.02%	1.07%	2.14%	2.18%	1.73%	2.14%
Return on Equity (ROE)	8.86%	9.70%	9.66%	10.14%	9.48%	9.34%	5.01%	11.46%	12.21%	11.58%	11.25%
Cash Return on Invested Capital (CROIC)	0.86%	3.83%	13.63%	12.73%	13.12%	11.69%	-6.99%	-2.13%	-5.44%	-7.31%	0.67%
Operating Return on Assets (OROA)	1.20%	1.30%	1.30%	1.35%	1.31%	1.32%	0.76%	1.70%	1.76%	1.75%	1.71%
Return on Assets (ROA)	0.92%	1.02%	1.02%	1.06%	1.03%	1.03%	0.55%	1.29%	1.40%	1.34%	1.31%
Return on Common Equity (ROCE)	8.86%	9.70%	9.66%	10.14%	9.48%	9.34%	5.01%	11.46%	12.21%	11.58%	11.25%
Return on Equity Simple (ROE_SIMPLE)	0.00%	8.25%	8.32%	8.88%	0.00%	9.17%	7.39%	8.08%	0.00%	9.59%	11.02%
Net Operating Profit after Tax (NOPAT)	30	34	33	38	36	37	23	54	56	51	53
NOPAT Margin	22.12%	24.06%	23.30%	25.84%	24.24%	23.76%	13.15%	29.27%	29.98%	27.72%	28.41%
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	49.81%	52.90%	52.12%	52.92%	54.36%	52.43%	49.65%	47.13%	47.60%	49.98%	48.89%
Operating Expenses to Revenue	67.38%	65.29%	63.81%	64.94%	67.85%	64.59%	71.64%	59.73%	60.32%	60.84%	59.69%
Earnings before Interest and Taxes (EBIT)	40	43	42	49	46	47	31	72	70	67	69
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	47	51	50	56	53	55	40	81	79	76	78
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.34	1.19	1.24	1.37	1.48	1.29	1.09	1.18	1.15	1.16	1.32
Price to Tangible Book Value (P/TBV)	1.87	1.65	1.71	1.86	2.00	1.73	1.53	1.64	1.57	1.58	1.78
Price to Revenue (P/Rev)	3.67	3.21	3.29	3.69	3.91	3.43	3.16	3.31	3.12	3.06	3.46
Price to Earnings (P/E)	16.09	14.42	14.97	15.45	16.02	14.12	14.72	14.61	12.84	12.11	11.99
Dividend Yield	3.05%	3.46%	3.32%	2.94%	2.76%	3.12%	3.27%	3.33%	3.42%	3.41%	3.00%
Earnings Yield	6.21%	6.94%	6.68%	6.47%	6.24%	7.08%	6.79%	6.84%	7.79%	8.26%	8.34%
Enterprise Value to Invested Capital (EV/IC)	1.14	0.98	1.08	1.04	1.23	1.11	0.83	0.86	0.91	0.82	1.14
Enterprise Value to Revenue (EV/Rev)	4.50	3.58	3.77	3.64	4.13	3.53	2.95	2.83	2.89	2.48	3.70
Enterprise Value to EBITDA (EV/EBITDA)	13.10	10.58	11.21	10.09	11.36	9.75	8.99	8.16	7.90	6.55	8.73
Enterprise Value to EBIT (EV/EBIT)	15.27	12.47	13.34	11.86	13.29	11.37	10.64	9.56	9.17	7.55	9.90
Enterprise Value to NOPAT (EV/NOPAT)	19.73	16.09	17.18	15.25	16.95	14.53	13.75	12.47	11.89	9.83	12.81
Enterprise Value to Operating Cash Flow (EV/OCF)	14.88	11.10	11.76	11.77	12.64	10.76	9.66	8.56	8.56	7.33	10.49
Enterprise Value to Free Cash Flow (EV/FCFF)	136.19	25.77	7.61	7.93	9.08	9.30	0.00	0.00	0.00	0.00	176.14
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.45	0.36	0.33	0.30	0.27	0.20	0.23	0.17	0.17	0.16	0.24
Long-Term Debt to Equity	0.18	0.17	0.17	0.17	0.17	0.15	0.17	0.10	0.09	0.09	0.08
Financial Leverage	0.55	0.46	0.51	0.42	0.36	0.28	0.27	0.23	0.22	0.18	0.24
Leverage Ratio	9.64	9.53	9.50	9.59	9.18	9.08	9.03	8.87	8.70	8.64	8.60
Compound Leverage Factor	9.64	9.53	9.50	9.59	9.18	9.08	9.03	8.87	8.70	8.64	8.60
Debt to Total Capital	30.90%	26.44%	24.57%	23.08%	21.38%	16.66%	18.56%	14.70%	14.72%	13.45%	19.51%
Short-Term Debt to Total Capital	18.74%	13.63%	11.59%	10.36%	8.39%	4.56%	5.10%	6.39%	6.66%	5.33%	13.10%
Long-Term Debt to Total Capital	12.15%	12.81%	12.97%	12.72%	12.98%	12.10%	13.46%	8.31%	8.07%	8.12%	6.41%
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	69.11%	73.56%	75.43%	76.92%	78.62%	83.34%	81.44%	85.30%	85.28%	86.55%	80.49%
Debt to EBITDA	3.56	2.86	2.56	2.24	1.98	1.46	2.02	1.40	1.29	1.08	1.50
Net Debt to EBITDA	2.42	1.10	1.44	-0.13	0.62	0.28	-0.64	-1.40	-0.63	-1.52	0.56
Long-Term Debt to EBITDA	1.40	1.39	1.35	1.23	1.20	1.06	1.46	0.79	0.70	0.65	0.49
Debt to NOPAT	5.37	4.36	3.92	3.38	2.95	2.18	3.08	2.13	1.93	1.62	2.20
Net Debt to NOPAT	3.64	1.67	2.21	-0.19	0.93	0.41	-0.98	-2.14	-0.94	-2.28	0.82
Long-Term Debt to NOPAT	2.11	2.11	2.07	1.86	1.79	1.58	2.24	1.21	1.06	0.98	0.72
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)	-71	-11	186	163	158	118	-256	-139	-227	-282	-146
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	-1.37	-0.21	3.46	2.99	3.06	2.49	-4.80	-2.50	-4.27	-5.84	-2.98
Operating Cash Flow to Interest Expense	0.69	0.71	0.94	0.96	0.95	0.89	0.87	1.44	1.25	1.10	1.27
Operating Cash Flow Less CapEx to Interest Expense	0.69	0.71	0.94	0.96	0.95	0.89	0.87	1.44	1.25	1.10	1.27
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.05	0.05	0.05
Fixed Asset Turnover	6.95	7.22	7.61	6.95	7.14	7.30	7.13	7.39	7.74	7.99	7.66
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,063	1,960	1,938	1,979	1,941	1,879	2,217	2,173	2,224	2,212	2,415
Invested Capital Turnover	0.26	0.28	0.27	0.28	0.29	0.31	0.30	0.32	0.33	0.36	0.32
Increase / (Decrease) in Invested Capital	102	45	-153	-125	-122	-81	279	194	283	333	199
Enterprise Value (EV)	2,344	1,914	2,089	2,061	2,384	2,086	1,833	1,867	2,012	1,804	2,744
Market Capitalization	1,911	1,715	1,820	2,086	2,253	2,027	1,964	2,188	2,172	2,223	2,568
Book Value per Share	$30.28	$30.57	$31.01	$32.27	$32.35	$33.14	$38.20	$35.37	$36.25	$36.67	$37.38
Tangible Book Value per Share	$21.73	$22.07	$22.55	$23.83	$23.89	$24.74	$27.23	$25.54	$26.48	$26.95	$27.68
Total Capital	2,063	1,960	1,938	1,979	1,941	1,879	2,217	2,173	2,224	2,212	2,415
Total Debt	637	518	476	457	415	313	411	319	327	297	471
Total Long-Term Debt	251	251	251	252	252	227	298	181	179	180	155
Net Debt	432	199	269	-26	131	59	-130	-321	-160	-419	177
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)	637	518	476	457	415	313	411	319	327	297	471
Total Depreciation and Amortization (D&A)	7.62	7.66	7.62	7.57	7.59	7.69	8.86	9.36	9.31	9.22	9.06
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.65	$0.72	$0.69	$0.81	$0.76	$0.78	$0.45	$1.04	$1.07	$0.98	$1.02
Adjusted Weighted Average Basic Shares Outstanding	47.15M	47.15M	47.17M	47.18M	47.25M	47.26M	52.39M	52.32M	52.20M	52.01M	51.96M
Adjusted Diluted Earnings per Share	$0.63	$0.71	$0.69	$0.80	$0.77	$0.77	$0.44	$1.03	$1.09	$0.98	$1.02
Adjusted Weighted Average Diluted Shares Outstanding	47.15M	47.15M	47.17M	47.18M	47.25M	47.26M	52.39M	52.32M	52.20M	52.01M	51.96M
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	47.15M	47.15M	47.17M	47.18M	47.25M	47.26M	52.39M	52.32M	52.20M	52.01M	51.96M
Normalized Net Operating Profit after Tax (NOPAT)	31	34	33	39	37	38	35	55	56	51	53
Normalized NOPAT Margin	22.26%	24.06%	23.30%	26.13%	24.77%	24.37%	20.51%	29.73%	29.98%	27.72%	28.41%
Pre Tax Income Margin	28.90%	30.74%	29.86%	33.08%	30.67%	30.53%	17.94%	38.60%	37.64%	36.14%	37.02%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.77	0.83	0.78	0.89	0.88	1.00	0.58	1.29	1.31	1.38	1.42
NOPAT to Interest Expense	0.59	0.65	0.61	0.70	0.70	0.78	0.42	0.98	1.05	1.06	1.09
EBIT Less CapEx to Interest Expense	0.77	0.83	0.78	0.89	0.88	1.00	0.58	1.29	1.31	1.38	1.42
NOPAT Less CapEx to Interest Expense	0.59	0.65	0.61	0.70	0.70	0.78	0.42	0.98	1.05	1.06	1.09
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	47.05%	48.85%	49.61%	45.38%	44.27%	44.05%	49.46%	46.30%	42.90%	41.26%	36.04%
Augmented Payout Ratio	51.21%	53.06%	51.60%	45.56%	44.45%	44.18%	49.46%	46.30%	48.91%	52.80%	47.35%

Financials Breakdown Chart

Key Financial Trends

NBT Bancorp’s latest statements show continued improvement in earnings and capital, although cash usage and the company’s sizable securities portfolio warrant attention. The figures below cover the available quarterly data from 2022 through the second quarter of 2026, with certain 2024 and 2025 figures marked as restated in the source data.

Earnings growth has accelerated. Second-quarter 2026 revenue reached $186.7 million, up from $121.1 million in the restated second quarter of 2023 and 9.1% above the year-ago period. Net interest income increased to $137.0 million from $89.1 million over the same three-year comparison. Net income attributable to common shareholders rose to $53.0 million, compared with $22.5 million in Q2 2025 and $30.1 million in Q2 2023. Diluted earnings per share improved to $1.02 in Q2 2026 from $0.45 in Q2 2025.

The latest quarter also showed modest sequential progress. Revenue increased 1.2% from Q1 2026, net interest income rose 1.9%, and net income increased 3.7%. Non-interest expense declined slightly to $111.4 million from $112.2 million in Q1, supporting pretax income growth despite a higher credit-loss provision.

The balance sheet has expanded meaningfully. Total assets reached $16.2 billion at June 30, 2026, up approximately 36% from $11.9 billion at June 30, 2023. Common equity increased approximately 61% over the same period to $1.94 billion. Retained earnings have also grown steadily, reaching $1.26 billion, although accumulated other comprehensive losses and treasury stock reduce reported equity.

Operating cash flow remained positive at $61.9 million in Q2 2026, compared with $53.0 million in Q1. However, investment purchases generated a $428.8 million investing cash outflow, while financing activities produced a $54.5 million outflow. As a result, cash and equivalents declined by $421.4 million during the quarter, even though the company continued to generate cash from operations.

Strong earnings momentum: Q2 2026 net income rose approximately 135% from the restated Q2 2025 level, while diluted EPS increased from $0.44 to $1.02.
Higher recurring banking revenue: Net interest income increased 54% from Q2 2023 to Q2 2026, and non-interest income remained near $50 million in the latest quarter.
Improving operating efficiency: Q2 2026 non-interest expense declined slightly from Q1 despite higher revenue, helping pretax income rise to $69.1 million.
Growing capital base: Common equity increased to $1.94 billion, and retained earnings continued to build, providing a larger capital cushion for future growth.
Consistent operating cash generation: Operating cash flow remained positive in every reported quarter in the provided period, reaching $61.9 million in Q2 2026.
Mostly stable deposits: Total deposits were approximately $13.54 billion at June 30, 2026, only modestly above the $13.52 billion reported a year earlier, suggesting limited deposit growth recently.
Shareholder returns remain consistent: The company paid $19.2 million in dividends during Q2 2026, while the quarterly dividend per share was $0.37 in Q1 2026, up from $0.32 in Q2 2024.
Large investment-related cash outflow: NBT Bancorp purchased $572.8 million of investment securities in Q2 2026, producing a $428.8 million net investing cash outflow and contributing to a $421.4 million decline in cash.
Credit costs are rising from recent lows: The provision for credit losses increased to $6.1 million in Q2 2026 from $5.6 million in Q1, while the allowance for loan losses rose to $140.5 million from $117.0 million in Q1 2025.
Balance-sheet concentration and leverage risks: Goodwill and intangible assets totaled approximately $504.4 million, while total liabilities stood at $14.27 billion. Short- and long-term debt also increased to approximately $471.2 million at quarter-end from $410.9 million a year earlier.

Overall, NBT Bancorp enters the second half of 2026 with stronger profitability, growing equity and solid operating cash flow. Retail investors should nevertheless monitor deposit trends, credit-loss provisions and whether the company can fund its expanding securities portfolio without repeatedly drawing down cash or increasing debt.

09/20/26 08:45 AM ETAI Generated. May Contain Errors.

NBT Bancorp Financials - Frequently Asked Questions

According to the most recent income statement we have on file, NBT Bancorp's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

NBT Bancorp's net income appears to be on an upward trend, with a most recent value of $169.24 million in 2025, rising from $76.43 million in 2015. The previous period was $140.64 million in 2024. See where experts think NBT Bancorp is headed by visiting NBT Bancorp's forecast page.

Over the last 10 years, NBT Bancorp's total revenue changed from $371.09 million in 2015 to $697.04 million in 2025, a change of 87.8%.

NBT Bancorp's total liabilities were at $14.10 billion at the end of 2025, a 15.0% increase from 2024, and a 91.0% increase since 2015.

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 $185.16 million as of their latest financial filing in 2025.

Over the last 10 years, NBT Bancorp's book value per share changed from 20.37 in 2015 to 36.25 in 2025, a change of 77.9%.

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Financial statements for NASDAQ:NBTB last updated on 8/7/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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NBT Bancorp (NBTB) Financials

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NBT Bancorp (NBTB) Financials

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