Nbt Bancorp Inc Financials

NBTB

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Nbt Bancorp Inc (NBTB) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 52/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Nbt Bancorp Inc's revenue grew 14.5% year-over-year to $165.7M, a solid pace of expansion. This earns a growth score of 70/100.

Leverage

Nbt Bancorp Inc has elevated debt relative to equity (D/E of 8.03), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Cash Flow

100

Nbt Bancorp Inc converts 106.7% of revenue into free cash flow ($176.8M). This strong cash generation earns a score of 100/100.

Returns

Nbt Bancorp Inc's ROE of 9.2% shows moderate profitability relative to equity, earning a score of 37/100. This is up from 8.3% the prior year.

Piotroski F-Score Neutral

5/9

Nbt Bancorp Inc passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.34x

For every $1 of reported earnings, Nbt Bancorp Inc generates $1.34 in operating cash flow ($188.6M OCF vs $140.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Revenue

$165.7M

YoY+14.5%

5Y CAGR+4.3%

10Y CAGR-4.9%

Nbt Bancorp Inc generated $165.7M in revenue in fiscal year 2024. This represents an increase of 14.5% from the prior year.

EBITDA

N/A

Free Cash Flow

$176.8M

YoY+19.3%

5Y CAGR+3.8%

10Y CAGR+8.4%

Nbt Bancorp Inc generated $176.8M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 19.3% from the prior year.

Net Income

$140.6M

YoY+18.4%

5Y CAGR+3.1%

10Y CAGR+6.5%

Nbt Bancorp Inc reported $140.6M in net income in fiscal year 2024. This represents an increase of 18.4% from the prior year.

EPS (Diluted)

$2.97

YoY+12.1%

5Y CAGR+1.6%

10Y CAGR+5.8%

Nbt Bancorp Inc earned $2.97 per diluted share (EPS) in fiscal year 2024. This represents an increase of 12.1% from the prior year.

Cash & Debt

$284.1M

YoY+38.4%

5Y CAGR+5.5%

10Y CAGR+6.8%

Nbt Bancorp Inc held $284.1M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

$1.32

YoY+6.5%

5Y CAGR+4.7%

Nbt Bancorp Inc paid $1.32 per share in dividends in fiscal year 2024. This represents an increase of 6.5% from the prior year.

Shares Outstanding

47M

YoY+0.2%

5Y CAGR+1.5%

10Y CAGR+0.7%

Nbt Bancorp Inc had 47M shares outstanding in fiscal year 2024. This represents an increase of 0.2% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

84.9%

YoY+2.8pp

5Y CAGR-5.1pp

10Y CAGR+57.6pp

Nbt Bancorp Inc's net profit margin was 84.9% in fiscal year 2024, showing the share of revenue converted to profit. This is up 2.8 percentage points from the prior year.

Return on Equity

9.2%

YoY+0.9pp

5Y CAGR-1.6pp

10Y CAGR+0.5pp

Nbt Bancorp Inc's ROE was 9.2% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 0.9 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$251K

YoY-94.9%

10Y CAGR+13.3%

Nbt Bancorp Inc spent $251K on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 94.9% from the prior year.

Capital Expenditures

$11.7M

YoY+26.9%

5Y CAGR+12.1%

10Y CAGR+2.7%

Nbt Bancorp Inc invested $11.7M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 26.9% from the prior year.

NBTB Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$165.7M+14.5%	$144.7M-3.9%	$150.7M-0.2%	$151.0M+7.2%	$140.9M+4.8%	$134.5M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$211.5M+46.3%	$144.6M+560.7%	$21.9M+16.5%	$18.8M-42.4%	$32.6M-41.8%	$56.0M
Income Tax	$38.8M+11.9%	$34.7M-21.5%	$44.2M-1.8%	$45.0M+56.7%	$28.7M-16.6%	$34.4M
Net Income	$140.6M+18.4%	$118.8M-21.9%	$152.0M-1.9%	$154.9M+48.4%	$104.4M-13.7%	$121.0M
EPS (Diluted)	$2.97+12.1%	$2.65-24.7%	$3.52-0.6%	$3.54+49.4%	$2.37-13.5%	$2.74

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$190.5M+7.3%	$177.6M+15.0%	$154.4M-1.2%	$156.2M+3.6%	$150.8M+2.6%	$146.9M	N/A	$137.1M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$55.8M+4.6%	$53.4M+13.1%	$47.2M-13.5%	$54.6M+1.8%	$53.6M+3.5%	$51.8M	N/A	$42.2M
Income Tax	$17.4M+111.7%	$8.2M-21.8%	$10.5M-1.9%	$10.7M+16.1%	$9.2M-2.0%	$9.4M	N/A	$7.1M
Net Income	$54.5M+142.0%	$22.5M-38.7%	$36.7M-3.5%	$38.1M+16.4%	$32.7M-3.3%	$33.8M	N/A	$24.6M
EPS (Diluted)	$1.03+134.1%	$0.44-42.9%	$0.77-3.8%	$0.80+15.9%	$0.69-2.8%	$0.71	N/A	$0.54

NBTB Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$13.8B+3.6%	$13.3B+13.4%	$11.7B-2.3%	$12.0B+9.9%	$10.9B+12.5%	$9.7B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$284.1M+38.4%	$205.2M+4.0%	$197.3M-84.4%	$1.3B+88.7%	$672.7M+210.2%	$216.8M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$362.7M+0.2%	$361.9M+28.7%	$281.2M+0.2%	$280.5M0.0%	$280.5M+2.1%	$274.8M
Total Liabilities	$12.3B+3.2%	$11.9B+12.5%	$10.6B-1.8%	$10.8B+10.4%	$9.7B+13.4%	$8.6B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$1.5B+7.0%	$1.4B+21.5%	$1.2B-6.1%	$1.3B+5.3%	$1.2B+6.0%	$1.1B
Retained Earnings	$1.1B+7.7%	$1.0B+6.6%	$958.4M+11.9%	$856.2M+14.3%	$749.1M+7.6%	$696.2M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$16.1B+0.6%	$16.0B+15.5%	$13.9B+0.6%	$13.8B+2.1%	$13.5B+0.5%	$13.4B+1.0%	$13.3B-3.8%	$13.8B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$640.2M+18.2%	$541.6M+113.1%	$254.1M-10.6%	$284.1M+36.9%	$207.5M-35.0%	$319.1M+55.5%	$205.2M-69.5%	$672.7M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$454.1M0.0%	$454.1M+25.2%	$362.7M0.0%	$362.7M+0.2%	$361.9M0.0%	$361.9M0.0%	$361.9M+0.5%	$360.2M
Total Liabilities	$14.3B+0.4%	$14.2B+15.5%	$12.3B+0.3%	$12.3B+1.8%	$12.0B+0.4%	$12.0B+1.0%	$11.9B-4.7%	$12.5B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$1.9B+2.7%	$1.8B+15.3%	$1.6B+2.6%	$1.5B+4.4%	$1.5B+1.4%	$1.4B+1.1%	$1.4B+4.6%	$1.4B
Retained Earnings	$1.2B+3.1%	$1.1B+0.4%	$1.1B+1.9%	$1.1B+4.0%	$1.1B+1.7%	$1.0B+1.8%	$1.0B+1.5%	$1.0B

NBTB Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$188.6M+19.8%	$157.5M-14.1%	$183.2M+15.1%	$159.2M+9.6%	$145.3M-5.3%	$153.5M
Capital Expenditures	$11.7M+26.9%	$9.3M+32.0%	$7.0M-9.4%	$7.7M-5.1%	$8.2M+22.7%	$6.6M
Free Cash Flow	$176.8M+19.3%	$148.2M-15.9%	$176.2M+16.4%	$151.4M+10.5%	$137.1M-6.6%	$146.8M
Investing Cash Flow	-$399.2M-802.5%	-$44.2M+95.2%	-$926.2M-69.1%	-$547.6M+23.2%	-$712.6M-1007.5%	-$64.3M
Financing Cash Flow	$289.5M+374.7%	-$105.4M+67.9%	-$328.7M-133.4%	$984.8M-3.7%	$1.0B+2022.1%	-$53.2M
Dividends Paid	$62.3M+11.4%	$55.9M+12.3%	$49.8M+4.2%	$47.7M+1.1%	$47.2M+2.6%	$46.0M
Share Buybacks	$251K-94.9%	$4.9M-66.4%	$14.7M-32.2%	$21.7M+172.1%	$8.0M	$0

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$80.6M+73.4%	$46.5M+10.6%	$42.0M-14.6%	$49.2M-2.7%	$50.5M+37.5%	$36.7M+3.1%	$35.7M-34.7%	$54.6M
Capital Expenditures	$6.2M+167.8%	$2.3M-37.0%	$3.7M+1.9%	$3.6M+163.3%	$1.4M-43.1%	$2.4M-17.0%	$2.9M-15.5%	$3.5M
Free Cash Flow	$74.3M+68.4%	$44.1M+15.3%	$38.3M-15.9%	$45.5M-7.3%	$49.1M+43.2%	$34.3M+4.9%	$32.7M-36.0%	$51.2M
Investing Cash Flow	-$13.8M-104.2%	$331.9M+393.3%	-$113.2M+23.3%	-$147.6M+18.2%	-$180.4M-1274.4%	-$13.1M-127.3%	$48.2M-27.6%	$66.6M
Financing Cash Flow	$31.9M+135.1%	-$90.9M-320.7%	$41.2M+141.2%	-$100.0M-645.2%	$18.3M-79.7%	$90.3M+116.4%	-$551.3M-257.7%	$349.6M
Dividends Paid	$19.4M+9.0%	$17.8M+10.8%	$16.1M+0.2%	$16.0M+6.3%	$15.1M0.0%	$15.1M+0.1%	$15.1M0.0%	$15.1M
Share Buybacks	$0	$0	$0	$0-100.0%	$188K+198.4%	$63K	$0-100.0%	$2.2M

NBTB Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	84.9%+2.8pp	82.1%-18.8pp	100.9%-1.7pp	102.6%+28.5pp	74.1%-15.9pp	90.0%
Return on Equity	9.2%+0.9pp	8.3%-4.6pp	13.0%+0.6pp	12.4%+3.6pp	8.8%-2.0pp	10.8%
Return on Assets	1.0%+0.1pp	0.9%-0.4pp	1.3%0.0pp	1.3%+0.3pp	0.9%-0.3pp	1.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	8.03-0.3	8.34-0.7	9.00+0.4	8.61+0.4	8.21+0.5	7.67
FCF Margin	106.7%+4.3pp	102.4%-14.6pp	117.0%+16.7pp	100.3%+3.0pp	97.3%-11.9pp	109.2%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	28.6%+15.9pp	12.7%-11.1pp	23.8%-0.6pp	24.4%+2.7pp	21.7%-1.3pp	23.0%	N/A	17.9%
Return on Equity	2.9%+1.7pp	1.3%-1.1pp	2.4%-0.2pp	2.5%+0.3pp	2.2%-0.1pp	2.4%	N/A	1.8%
Return on Assets	0.3%+0.2pp	0.1%-0.1pp	0.3%0.0pp	0.3%+0.0pp	0.2%-0.0pp	0.3%	N/A	0.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	7.69-0.2	7.87+0.0	7.85-0.2	8.03-0.2	8.24-0.1	8.32-0.0	8.34-0.8	9.15
FCF Margin	39.0%+14.2pp	24.9%+0.1pp	24.8%-5.8pp	30.6%-2.0pp	32.6%+9.2pp	23.4%	N/A	37.3%

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Frequently Asked Questions

What is Nbt Bancorp Inc's annual revenue?

Nbt Bancorp Inc (NBTB) reported $165.7M in total revenue for fiscal year 2024. This represents a 14.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Nbt Bancorp Inc's revenue growing?

Nbt Bancorp Inc (NBTB) revenue grew by 14.5% year-over-year, from $144.7M to $165.7M in fiscal year 2024.

Is Nbt Bancorp Inc profitable?

Yes, Nbt Bancorp Inc (NBTB) reported a net income of $140.6M in fiscal year 2024, with a net profit margin of 84.9%.

What is Nbt Bancorp Inc's earnings per share (EPS)?

Nbt Bancorp Inc (NBTB) reported diluted earnings per share of $2.97 for fiscal year 2024. This represents a 12.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Nbt Bancorp Inc's net profit margin?

Nbt Bancorp Inc (NBTB) had a net profit margin of 84.9% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does Nbt Bancorp Inc pay dividends?

Yes, Nbt Bancorp Inc (NBTB) paid $1.32 per share in dividends during fiscal year 2024.

What is Nbt Bancorp Inc's return on equity (ROE)?

Nbt Bancorp Inc (NBTB) has a return on equity of 9.2% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Nbt Bancorp Inc's free cash flow?

Nbt Bancorp Inc (NBTB) generated $176.8M in free cash flow during fiscal year 2024. This represents a 19.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Nbt Bancorp Inc's operating cash flow?

Nbt Bancorp Inc (NBTB) generated $188.6M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Nbt Bancorp Inc's total assets?

Nbt Bancorp Inc (NBTB) had $13.8B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Nbt Bancorp Inc's capital expenditures?

Nbt Bancorp Inc (NBTB) invested $11.7M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

Does Nbt Bancorp Inc buy back shares?

Yes, Nbt Bancorp Inc (NBTB) spent $251K on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Nbt Bancorp Inc have outstanding?

Nbt Bancorp Inc (NBTB) had 47M shares outstanding as of fiscal year 2024.

What is Nbt Bancorp Inc's debt-to-equity ratio?

Nbt Bancorp Inc (NBTB) had a debt-to-equity ratio of 8.03 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Nbt Bancorp Inc's return on assets (ROA)?

Nbt Bancorp Inc (NBTB) had a return on assets of 1.0% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Nbt Bancorp Inc's Piotroski F-Score?

Nbt Bancorp Inc (NBTB) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Nbt Bancorp Inc's earnings high quality?

Nbt Bancorp Inc (NBTB) has an earnings quality ratio of 1.34x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Nbt Bancorp Inc?

Nbt Bancorp Inc (NBTB) scores 52 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.