NBT Bancorp (NBTB)
Community banking, wealth, retirement-plan administration and insurance across the Northeast.
Something off on this page? Send us feedback.
Runs NBT Bank, earning primarily from deposits and loans for retail, commercial and municipal customers across the Northeast, alongside wealth management, nationwide retirement-plan administration and regional insurance. Banking dominates the mix, and the Evans merger extended the franchise into western New York.
Operates a community-banking franchise through NBT Bank, serving retail, commercial and municipal customers with deposits, loans, treasury services and wealth management. EPIC Retirement Plan Services provides retirement-plan administration and recordkeeping nationwide, while NBT Insurance Agency supplies regional personal and commercial coverage. Banking remains the dominant business.
Pairs local decision-making with a branch network spanning upstate and western New York, Pennsylvania and parts of New England. The Evans merger extended the franchise into Buffalo and Rochester, adding to earlier expansion in Connecticut and the Hudson Valley. Earnings remain tied to lending spreads, deposit funding, borrower credit quality, acquisition integration and bank capital rules.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 30, 2026 | Stephens | Reiterate | Rating: —Target: $42 | Target: $55 |
| Jul 30, 2026 | Stephens & Co. | Downgrade | ||
| Jul 29, 2026 | DA Davidson | Reiterate | Rating: —Target: — | Target: $59 |
| Jun 26, 2026 | Piper Sandler | Reiterate | Rating: —Target: $47 | Target: $56 |
| Oct 14, 2025 | Piper Sandler | Target | Target: — | Target: $47 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $187.2M · Total debt $471.2M · Total assets $16.21B · Shareholders' equity $1.94B
- Revenue
- $235.5M
- Operating income
- $69.1M
- Net income
- $53.0M
HistoryDividendAnnual yield
| Institutions | 68.85% | 35.81M shares | |
|---|---|---|---|
| 286 holders · as of Jun 30, 2026 | |||
| Insiders | 2.34% | 1.21M shares | |
| 24 holders · as of Jul 30, 2026 | |||
| Other | 28.81% | 14.99M shares | |
| remainder | |||
52.01M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 14.38% | 7.48M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 6.63% | 3.45M | as of Jun 30, 2026 |
State Street CorpInstitution | 5.25% | 2.73M | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 4.63% | 2.41M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.34% | 2.25M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 29, 2026 | Sarah A. Halliday | officer: EVP/Chief Comm Innovation Off | −9,000 | $54.04 |
| Jul 29, 2026 | Ruth H. Mahoney | officer: EVP/President of Wealth Mgmt | −4,500 | $54.30 |
| Jun 12, 2026 | Heidi M. Hoeller | director | −2,100 | $48.04 |
| Jun 12, 2026 | Martin Randolph Sparks | officer: EVP,General Counsel,Secretary | −1,200 | $48.04 |
| Jun 9, 2026 | John H. Jr Watt | director | −21,000 | $47.42 |
- Community Financial System
Closest Northeast peer across banking, benefits, insurance, and wealth
- M&T Bank
Scale rival in Buffalo, treasury, commercial banking, and trust
- KeyCorp
Large regional bank competing in retail, commercial, and wealth
- Financial Institutions
Western and Central NY peer in banking, wealth, and retirement
- Tompkins Financial
NY and Pennsylvania community-bank peer with wealth overlap
- Beacon Financial
Current New England and New York rival in banking and wealth
- Arrow Financial
Northeastern NY peer in banking, insurance, trust, and benefits
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| NBT Bancorp | $50.65 | −0.40% | $2.64B | 12.5 | 11.6 | 2.8 | +9.4% |
| Community Financial System | $61.00 | −0.23% | $3.21B | 14.2 | 12.6 | 3.1 | +9.6% |
| M&T Bank | $220.91 | −1.12% | $32.38B | 11.8 | 11.1 | 2.6 | +5.7% |
| KeyCorp | $20.42 | −0.29% | $22.11B | 11.9 | 10.5 | 2.1 | +7.3% |
| Financial Institutions | $40.07 | −0.62% | $793.8M | 10.0 | 9.6 | 2.5 | +8.2% |
| Tompkins Financial | $97.66 | −0.16% | $1.41B | 8.0 | 12.2 | 2.9 | +5.4% |
| Beacon Financial | $28.12 | −1.06% | $2.39B | 21.5 | 8.9 | 2.1 | +92.8% |
| Arrow Financial | $37.18 | −0.76% | $619.2M | 12.0 | 9.2 | 2.9 | +10.1% |
| Median | 11.9 | 10.5 | 2.6 | +8.2% |