NBT Bancorp Inc. (NBTB) is a publicly traded company in the Financial Services — Banks - Regional industry listed on NASDAQ. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
NBT Bancorp Inc., a financial holding company, provides personal and commercial banking, retail banking, and wealth management services in the United States. It operates through Banking, Retirement Plan Administration, and All Other segments.
Is NBT Bancorp Inc. stock overvalued or undervalued in 2026?
NBT Bancorp Inc. (NBTB) trades at 12.5× earnings (P/E), against a median of 13.0× across the 324 financial services companies above $2bn in Kaplio's universe. At a P/B justified by its ROTCE 12.2 % (1.3×) $49 (-7 %); at its peers' median (1.3×) $48 (-7 %).
Kaplio overview: NBT Bancorp Inc.
Market cap $3B · 52 weeks $40 – $54 (3 % below the high) · P/E 12.5× · 2027 expected P/E 11.4× · Dividend 2.9 % · 11 years rising · Next earnings January 25, 2027 · expected EPS $1.09 · Closing price, Oct 30 · accounts published Oct 27.
- Valuation: P/B 1.4× (fairly priced).
- Business: ROTCE 12.2 % (passes, near the threshold).
- Balance sheet: Capital/assets 11.9 % (solid).
- Earnings: 5 of 8 (uneven).
What would it be worth at its usual multiples?
At a P/B justified by its ROTCE 12.2 % (1.3×) $49 (-7 %); at its peers' median (1.3×) $48 (-7 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
What matters in banking: 4 of 5 pass
- P/B (Price / Book) 1.4×, borderline.
- ROA 1.3 %, passes.
- ROTCE 12.2 %, passes, near the threshold.
- Equity / Assets (Tier 1 proxy) 11.9 %, passes.
- Sustainable dividend yield 2.9 %, passes.
Against its peers (reference peers) — NBT Bancorp Inc.: P/E 12.6×; P/B 1.4×; ROE 11.3 %; $2.7B. First Bancorp (P/E 16.0×; P/B 1.5×; ROE 9.7 %; $2.6B), Customers Bancorp, Inc. (P/E 10.2×; P/B 1.3×; ROE 13.6 %; $2.8B), Trustmark Corporation (P/E 11.1×; P/B 1.2×; ROE 11.1 %; $2.6B).
Expensive or cheap against its last ten fiscal years?
P/B at each close: today 1.4× · median 1.4× · minimum 1.0× · maximum 2.1× · cheap below 1.3× · expensive above 1.7×. It has been cheaper than today only 48% of the time over its last ten fiscal years.
Dividend
solid · Yield 2.9 % ($1.54 per share in 2025) · Years raising it ≥ 11 · 5-year growth +7 % a year · Free cash flow coverage payout 43 % · With $1,000 invested today you'd collect $28.90 a year ($2.41 a month).
Profitability
| Return on Equity | 11.31% |
| Return on Invested Capital | 1.33% |
| Return on Assets | 1.33% |
| Gross Margin | 76.91% |
| Operating Margin | 29.58% |
| Net Margin | 22.87% |
Financial Health
| Debt / Equity | 0.24 |
| Current Ratio | 0.52 |
| Piotroski F-Score | 9 |
| Altman Z-Score | 0.29 |
Price Performance
| 1 month | +2.86% |
| 3 months | -0.87% |
| Year-to-date | +25.70% |
| 1 year | +28.96% |
| 3 years | +55.37% |
| 5 years | +37.92% |
| 10 years | +59.80% |
Dividend History
Paid in the last 12 months: $1.5100 per share in 4 payments.
| Date | Amount |
|---|---|
| 2026-09-01 | $0.4000 |
| 2026-06-01 | $0.3700 |
| 2026-03-02 | $0.3700 |
| 2025-12-01 | $0.3700 |
| 2025-08-29 | $0.3700 |
| 2025-06-02 | $0.3400 |
| 2025-03-03 | $0.3400 |
| 2024-12-02 | $0.3400 |
| 2024-08-30 | $0.3400 |
| 2024-06-03 | $0.3200 |
Amounts adjusted for stock splits.
Related companies: INDB · TRMK · FRME · FBNC · BUSE · SYBT · PFS · CUBI
Explore sector: Financial Services · Banks - Regional
More sections of NBTB: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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