NBT Bancorp Inc
NASDAQ: NBTB · FINANCIAL SERVICES · BANKS - REGIONAL
Updated 2026-06-05
NBT Bancorp Inc (NBTB) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $337.47M | $365.82M | $366.12M | $353.52M | $336.59M | $317.68M | $324.16M | $369.32M | $378.46M | $384.91M | $399.20M | $425.13M | $464.80M | $507.40M | $491.26M | $494.75M | $537.00M | $662.35M | $785.99M | $867.43M |
| Revenue growth (YoY) | — | +8.4% | +0.1% | -3.4% | -4.8% | -5.6% | +2.0% | +13.9% | +2.5% | +1.7% | +3.7% | +6.5% | +9.3% | +9.2% | -3.2% | +0.7% | +8.5% | +23.3% | +18.7% | +10.4% |
| Cost of revenue | $134.40M | $171.18M | $135.55M | $110.32M | $83.02M | $60.46M | $55.46M | $53.07M | $42.74M | $38.90M | $47.94M | $56.90M | $67.45M | $81.39M | $83.74M | $10.53M | $39.03M | $169.84M | $231.16M | $241.70M |
| Gross profit | $203.07M | $194.63M | $230.57M | $243.21M | $253.57M | $257.22M | $268.70M | $316.25M | $335.72M | $346.00M | $351.26M | $368.23M | $397.35M | $426.01M | $407.52M | $484.22M | $497.97M | $492.50M | $554.83M | $625.73M |
| Gross margin | 60.2% | 53.2% | 63.0% | 68.8% | 75.3% | 81.0% | 82.9% | 85.6% | 88.7% | 89.9% | 88.0% | 86.6% | 85.5% | 84.0% | 83.0% | 97.9% | 92.7% | 74.4% | 70.6% | 72.1% |
| R&D | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $62.88M | $76.04M | $91.01M | $113.07M | $118.25M | $121.82M | $128.57M | $140.46M | $147.73M | $153.73M | $159.83M | $163.34M | $180.19M | $183.71M | $164.62M | $175.62M | $191.03M | $200.51M | $239.25M | $83.33M |
| Operating income | $80.10M | $72.11M | $83.76M | $72.64M | $78.32M | $79.17M | $77.37M | $89.94M | $112.30M | $116.63M | $118.80M | $128.16M | $137.00M | $155.43M | $133.09M | $199.86M | $196.16M | $153.46M | $179.46M | $219.44M |
| Operating margin | 23.7% | 19.7% | 22.9% | 20.5% | 23.3% | 24.9% | 23.9% | 24.4% | 29.7% | 30.3% | 29.8% | 30.1% | 29.5% | 30.6% | 27.1% | 40.4% | 36.5% | 23.2% | 22.8% | 25.3% |
| EBITDA | $87.82M | $79.06M | $91.08M | $81.29M | $86.72M | $87.68M | $87.04M | $102.76M | $125.67M | $130.14M | $131.75M | $141.18M | $150.32M | $175.75M | $153.64M | $219.74M | $215.22M | $175.73M | $206.95M | $241.03M |
| EBITDA margin | 26.0% | 21.6% | 24.9% | 23.0% | 25.8% | 27.6% | 26.9% | 27.8% | 33.2% | 33.8% | 33.0% | 33.2% | 32.3% | 34.6% | 31.3% | 44.4% | 40.1% | 26.5% | 26.3% | 27.8% |
| EBIT | $80.10M | $72.11M | $83.76M | $72.64M | $78.32M | $79.17M | $77.37M | $89.94M | $112.30M | $116.63M | $118.80M | $128.16M | $137.00M | $155.43M | $133.09M | $199.86M | $196.16M | $153.46M | $179.46M | $219.44M |
| Interest expense | $125.01M | $141.09M | $108.37M | $76.92M | $53.21M | $39.72M | $35.19M | $30.64M | $23.20M | $20.62M | $22.51M | $25.91M | $38.63M | $55.98M | $32.60M | $18.79M | $21.88M | $144.57M | $211.55M | $209.45M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $55.95M | $50.33M | $58.35M | $52.01M | $57.40M | $57.90M | $54.56M | $61.75M | $75.07M | $76.42M | $78.41M | $82.15M | $112.57M | $121.02M | $104.39M | $154.88M | $152.00M | $118.78M | $140.64M | $169.24M |
| Net income growth (YoY) | — | -10.0% | +15.9% | -10.9% | +10.4% | +0.9% | -5.8% | +13.2% | +21.6% | +1.8% | +2.6% | +4.8% | +37.0% | +7.5% | -13.7% | +48.4% | -1.9% | -21.9% | +18.4% | +20.3% |
| Profit margin | 16.6% | 13.8% | 15.9% | 14.7% | 17.1% | 18.2% | 16.8% | 16.7% | 19.8% | 19.9% | 19.6% | 19.3% | 24.2% | 23.9% | 21.2% | 31.3% | 28.3% | 17.9% | 17.9% | 19.5% |
Frequently asked questions
What is NBT Bancorp Inc's revenue?
NBT Bancorp Inc's trailing twelve-month revenue is $696.57M. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is NBTB?
In its most recent fiscal year, NBTB ran a gross margin of 72.14%, an operating margin of 25.30%, and a net margin of 19.51%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does NBTB generate?
NBTB produced $218.92M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is NBTB's balance sheet healthy?
NBTB holds $185.16M in cash and equivalents against $179.35M in long-term debt, on $1.90B of shareholder equity. Cash on hand exceeds long-term debt, so the balance sheet adds little financial risk to the thesis.