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NBT Bancorp Valuation Multiples
Discover revenue and EBITDA valuation multiples for NBT Bancorp and similar public comparables like VÚB banka, Krungthai Card, Banco do Nordeste, MCB Group and more.
NBT Bancorp Overview
About NBT Bancorp
NBT Bancorp Inc is a financial holding company that operates through its subsidiaries. The company's principal sources of revenue include management fees and dividends it receives through its subsidiaries. Its business, predominantly conducted through NBT Bank, consists of providing commercial banking, retail banking, and wealth management services to customers in its market area, which includes upstate New York, northeastern Pennsylvania, southern New Hampshire, western Massachusetts, Vermont, southern Maine, and central and northwestern Connecticut. The company's reportable segments are Banking and Retirement Plan Administration. A majority of its revenue is generated from the Banking segment.
Founded
1986
HQ

Employees
2.1K
Website
Sectors
Financials (LTM)
EV
$3B
NBT Bancorp Financials
NBT Bancorp reported last 12-month revenue of $717M.
In the same LTM period, NBT Bancorp generated $184M in net income.
Revenue (LTM)
NBT Bancorp P&L
In the most recent fiscal year, NBT Bancorp reported revenue of $697M and net income of $169M.
NBT Bancorp expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $717M | XXX | $697M | XXX | XXX | XXX |
| EBIT Margin | 38% | XXX | 37% | XXX | XXX | XXX |
| Net Profit | $184M | XXX | $169M | XXX | XXX | XXX |
| Net Margin | 26% | XXX | 24% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
NBT Bancorp Stock Performance
NBT Bancorp has current market cap of $2B, and enterprise value of $3B.
Market Cap Evolution
NBT Bancorp's stock price is $45.67.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $3B | $2B | 0.0% | XXX | XXX | XXX | $3.25 |
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Start Free TrialNBT Bancorp Valuation Multiples
NBT Bancorp trades at 3.6x EV/Revenue multiple.
EV / Revenue (LTM)
NBT Bancorp Financial Valuation Multiples
As of April 20, 2026, NBT Bancorp has market cap of $2B and EV of $3B.
Equity research analysts estimate NBT Bancorp's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
NBT Bancorp has a P/E ratio of 12.9x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV (current) | $3B | XXX | $3B | XXX | XXX | XXX |
| EV/Revenue | 3.6x | XXX | 3.7x | XXX | XXX | XXX |
| EV/EBIT | 9.4x | XXX | 10.0x | XXX | XXX | XXX |
| P/E | 12.9x | XXX | 14.0x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 11.7x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified NBT Bancorp Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


NBT Bancorp Margins & Growth Rates
NBT Bancorp's revenue in the last 12 month grew by 8%.
NBT Bancorp's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.2M for the same period.
NBT Bancorp Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 8% | XXX | 9% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 0% | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 38% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 6% | XXX | 6% | XXX | XXX | XXX |
| Opex to Revenue | 61% | XXX | 62% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
NBT Bancorp Public Comps
See public comps and valuation multiples for other Commercial Banking comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| NBT Bancorp | XXX | XXX | XXX | XXX | XXX | XXX |
| VÚB banka | XXX | XXX | XXX | XXX | XXX | XXX |
| Krungthai Card | XXX | XXX | XXX | XXX | XXX | XXX |
| Banco do Nordeste | XXX | XXX | XXX | XXX | XXX | XXX |
| MCB Group | XXX | XXX | XXX | XXX | XXX | XXX |
| First Busey | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
NBT Bancorp M&A Activity
NBT Bancorp acquired XXX companies to date.
Last acquisition by NBT Bancorp was on XXXXXXXX, XXXXX. NBT Bancorp acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by NBT Bancorp
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
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Start Free TrialNBT Bancorp Investment Activity
NBT Bancorp invested in XXX companies to date.
NBT Bancorp made its latest investment on XXXXXXXX, XXXXX. NBT Bancorp invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by NBT Bancorp
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout NBT Bancorp
| When was NBT Bancorp founded? | NBT Bancorp was founded in 1986. |
| Where is NBT Bancorp headquartered? | NBT Bancorp is headquartered in United States. |
| How many employees does NBT Bancorp have? | As of today, NBT Bancorp has over 2K employees. |
| Who is the CEO of NBT Bancorp? | NBT Bancorp's CEO is Scott A. Kingsley. |
| Is NBT Bancorp publicly listed? | Yes, NBT Bancorp is a public company listed on Nasdaq. |
| What is the stock symbol of NBT Bancorp? | NBT Bancorp trades under NBTB ticker. |
| When did NBT Bancorp go public? | NBT Bancorp went public in 1992. |
| Who are competitors of NBT Bancorp? | NBT Bancorp main competitors are VÚB banka, Krungthai Card, Banco do Nordeste, MCB Group. |
| What is the current market cap of NBT Bancorp? | NBT Bancorp's current market cap is $2B. |
| What is the current revenue of NBT Bancorp? | NBT Bancorp's last 12 months revenue is $717M. |
| What is the current revenue growth of NBT Bancorp? | NBT Bancorp revenue growth (NTM/LTM) is 8%. |
| What is the current EV/Revenue multiple of NBT Bancorp? | Current revenue multiple of NBT Bancorp is 3.6x. |
| Is NBT Bancorp profitable? | Yes, NBT Bancorp is net-income-positive (as of the last 12 months). |
| What is the current net income of NBT Bancorp? | NBT Bancorp's last 12 months net income is $184M. |
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