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NBT Bancorp (NBTB) Company Profile

Updated Jun 2, 2020
NBT Bancorp has the following business profile:
Company's Full Name:NBT Bancorp Inc.
Short Name:NBT Bancorp
Trading Ticker Symbol:NBTB
Primary Exchange:NASDAQ
Headquarter City/Country:New York, NY
Primary Industry Sector:Finance
Seconday Sub-sector:Major Banks
Main Business Areas: Finance, Major Banks, Financial Services, Regional US Banks, Bank
Dividend Payments:Dividend History
ETFs Holding:List of ETFs holding NBT Bancorp stock

Market and Trading Information for NBT Bancorp

The following details were available for trading and market data about the stock of NBT Bancorp as of writing:
Current Share Price:$30.64
Previous Year's Closing Price:$40.56
Percentage Price Change (YTD):-24.46%
Market Cap:$1.34 billion
52-week Price Range:$26.32 - $41.5
Dividend Per Share:$1.06
EPS (TTM):2.31
Price-Earnings (Trailing):13.26
Price-Earnings (Forward):13.86

Company Profile and Business Description for NBT Bancorp

NBT Bancorp Inc., incorporated on January 3, 1986, is a financial holding company. The Company's principal assets consists of its subsidiaries, including: NBT Bank, National Association (the Bank), NBT Financial Services, Inc. (NBT Financial), NBT Holdings, Inc. (NBT Holdings), Hathaway Agency, Inc., and CNBF Capital Trust I, NBT Statutory Trust I and NBT Statutory Trust II (collectively, the Trusts). The Company conducts its business through the Bank and also through its other subsidiaries, which consists of providing commercial banking and financial services to customers in its market area, including central and upstate New York, northeastern Pennsylvania, southern New Hampshire, western Massachusetts, Vermont and Portland, Maine area.

The Bank is a commercial bank, which provides a range of financial products to individuals, corporations and municipalities. The Bank offers deposit products, which include demand deposit accounts, savings accounts, negotiable order of withdrawal (NOW) accounts, money market deposit accounts (MMDA) and certificate of deposit (CD) accounts. The Bank's loan products include consumer loans, home equity loans, mortgages, small business loans and commercial loans, with varying rates, terms and features to accommodate the needs of its customers. The Bank also offers other products and services, such as trust and investment services, and financial planning and life insurance services through its branch network. In addition to its branch network, the Bank offers access to certain products and services electronically enabling customers to check balances, transfer funds, pay bills, view statements, apply for loans and access various other product and service information.

Lending Activities

The Company offers commercial loan products, including commercial loans, commercial real estate loans, agricultural loans, agricultural real estate loans and business banking loans. The Company offers loan options to commercial customers, including term loans, time notes and lines of credit. Its commercial loans are made available to businesses for working capital needs, such as inventory and receivables, business expansion and equipment purchases. The Company offers commercial real estate loans to finance real estate purchases, refinancings, expansions and improvements to commercial properties. Its commercial real estate loans are made to finance the purchases of real estate, which consists of real estate with completed structures.

The Company offers agricultural loans, including term loans, time notes and lines of credit. Its agricultural loans are made to purchase livestock, purchase and modernize equipment, and finance seasonal crop expenses. The Company offers real estate loans to its agricultural customers to finance farm related real estate purchases, refinancings, expansions and improvements to agricultural properties, such as barns, production facilities, and land. The Company offers loan options to its small business banking customers, including term loans, business banking mortgages and lines of credit. The Company offers consumer loans, including indirect consumer loans, which consists of financing the purchases of automobiles and recreational vehicles (such as campers and boats) indirectly through dealer relationships; fixed home equity loans as well as home equity lines of credit, which are offered to finance home improvements, debt consolidation, education and other uses, and consumer installment loans, which are offered to finance vehicle purchases, mobile home purchases and personal expenditures. It offers residential real estate loans, which consists of loans secured by first or second deeds of trust on primary residences.

Investment Activities

The Company's investment securities are classified as available for sale securities and held to maturity securities. The Company's available for sale securities include the United States treasury, federal agency, state and municipal, mortgage-backed, collateralized mortgage obligations and other securities. The Company's held to maturity securities include mortgage-backed securities, collateralized mortgage obligations, and state and municipal. Its mortgage-backed securities include government-sponsored enterprises and the United States Government agency securities.

Source of Funds

The Company utilizes traditional deposit products, such as time, savings, NOW, money market and demand deposits as its primary source for funding. Other sources, such as short-term Federal Home Loan Banks (FHLB) advances, federal funds purchased, securities sold under agreements to repurchase, brokered time deposits and long-term FHLB borrowings are utilized as necessary to support the Company's growth in assets and to achieve interest rate sensitivity objectives. The Company's borrowings consist of short-term borrowings and long-term debt.

Subsidiary Activities

The Company, through NBT Financial, operates EPIC Advisors, Inc. (EPIC), which is a retirement plan administrator. The Company, through EPIC, offers services, including retirement plan consulting and recordkeeping services. The Company, through NBT Holdings, operates NBT-Mang Insurance Agency, LLC (Mang), which is a full-service insurance agency. The Company, through Mang, offers an array of insurance products, including personal property and casualty, business liability and commercial insurance, designed to serve the specific insurance needs of individuals, as well as businesses in a range of industries operating in the markets served by the Company. The Trusts raise additional regulatory capital and provide funding for certain acquisitions. The Bank?ÇÖs subsidiaries include: NBT Capital Corp., which is a venture capital corporation that assists young businesses to develop and grow primarily in the markets they serve; Broad Street Property Associates, Inc., which is a property management company; NBT Services, Inc., which owns interest in Land Record Services, LLC, an insurance agency that offers mortgagee and owner's title insurance coverage to both retail and commercial customers; CNB Realty Trust, which is a real estate investment trust; Alliance Preferred Funding Corp., which is a real estate investment trust; Alliance Leasing, Inc., which provides equipment leasing services, and Downeast Pension Services, Inc., which provides services to third party administrations.

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ETFs Holding NBT Bancorp Stock

As of March 2020, the following exchange-traded funds (ETF) hold the NBT Bancorp stocks in their respective portfolios. Below is a random list of only 10 ETFs in no particular order that have NBT Bancorp stock holding. There are a total of 69 ETFs in Fknol.com records which are holding NBT Bancorp stock in their portfolio. See Full List.

TickerNameShort DescriptionExpense
Ratio
No. of
Holdings
Dividend
Frequency
DGROiShares Core Dividend Growth ETFThe iShares Core Dividend Growth ETF tracks an index of US stocks that are selected by dividends, dividend growth and payout ratio, then weighted by dividend dollars. ...Full Details0.08%449
Full List
Quarterly
ESGVVanguard ESG US Stock ETFThe Vanguard ESG U.S. Stock ETF tracks a market-cap-weighted index of US companies screened for environmental, social, and corporate governance (ESG) criteria. ...Full Details0.12%988
Full List
Quarterly
EXTWisdomTree US Total Earnings ETFThe WisdomTree U.S. Total Earnings Fund tracks an index selected and weighted by earnings over the past four quarters. ...Full Details0.28%1233
Full List
Quarterly
FNCLFidelity MSCI Financials Index ETFThe Fidelity MSCI Financials ETF tracks a market-cap-weighted index of stocks in the broad US financials sector. ...Full Details0.08%377
Full List
Quarterly
FNDBSchwab Fundamental US Broad Market Index ETFThe Schwab Fundamental U.S. Broad Market Index ETF tracks a fundamentally selected and weighted Russell Index based on sales, cash flow and dividends/buybacks. ...Full Details0.25%1481
Full List
Quarterly
HDViShares Core High Dividend ETFThe iShares Core High Dividend Equity Fund tracks a dividend-weighted index of 75 high-yielding US equities, screened for high earnings potential and dividend sustainability. ...Full Details0.08%76
Full List
Quarterly
IEFNiShares Evolved US Financials ETFThe iShares Evolved U.S. Financials ETF is an actively managed, market-cap-weighted fund of large-, mid-, and small-cap US stocks in the financial sector, according to an alternative classification system defined by machine learning algorithms. ...Full Details0.18%254
Full List
Annually
ITOTiShares Core S&P Total US Stock Market ETFThe iShares Core S&P Total U.S. Stock Market ETF tracks a market cap-weighted index of all common equities listed on the NYSE and the NASDAQ. ...Full Details0.03%3090
Full List
Quarterly
IWViShares Russell 3000 ETFThe iShares Russell 3000 ETF tracks a cap-weighted index that measures the investable US equities market, covering the entire market-cap spectrum, including micro-caps. ...Full Details0.2%3002
Full List
Quarterly
MMTMSPDR S&P 1500 Momentum Tilt ETFThe SPDR S&P 1500 Momentum Tilt ETF tracks a tiered index that weights securities from the S&P 1500 according to a combination of their market capitalization and their price momentum over the previous 12 months. ...Full Details0.12%1240
Full List
Quarterly

See Full List of ETFs holding NBT Bancorp stock in their respective portfolios.

Peer / Competitor Companies of Major Banks Sector

Along with NBT Bancorp Inc., the following other peer (competitor) companies also exist within the same Major Banks - Finance sector whose company profile and dividend history is as follows:

▶ 1st Source (SRCE): 1st Source Corporation operates as the holding company for 1st Source Bank that provides commercial and consumer banking services, trust and investment management services, and insurance to individual....See Detailed Company Profile,  Dividend History

▶ ACNB (ACNB): ACNB Corporation, incorporated on November 9, 1982, is a financial holding company. The Companys banking operations are conducted through its operating subsidiary, ACNB Bank (the Bank), and offers a range ....See Detailed Company Profile,  Dividend History

▶ Allegiance Bancshares (ABTX): Allegiance Bancshares, Inc., incorporated on April 30, 2008, is a bank holding company. Through its subsidiary, Allegiance Bank (the Bank), the Company provides a range of commercial banking services primarily ....See Detailed Company Profile,  Dividend History

▶ American National Bankshares (AMNB): American National Bankshares Inc. operates as the bank holding company for American National Bank and Trust Company that provides financial products and services. The company operates through two segm....See Detailed Company Profile,  Dividend History

▶ American River Bankshares (AMRB): American River Bankshares operates as the holding company for American River Bank that provides commercial banking products and services to small and middle-market businesses, and individuals in Calif....See Detailed Company Profile,  Dividend History

▶ Ameris Bancorp (ABCB): Ameris Bancorp operates as the holding company for Ameris Bank that provides banking services to retail and commercial customers primarily in Georgia, Alabama, Florida, and South Carolina. The company....See Detailed Company Profile,  Dividend History

▶ AmeriServ Financial (ASRV): AmeriServ Financial Inc. operates as the bank holding company for AmeriServ Financial Bank that provides various consumer, mortgage, and commercial financial products. It offers retail banking service....See Detailed Company Profile,  Dividend History

▶ Ames National (ATLO): Ames National Corporation, incorporated on January 15, 1975, is a bank holding company. The Company operates through banking segment. The Company owns five banking subsidiaries consisting of two national banks ....See Detailed Company Profile,  Dividend History

▶ ANZ Bank ADR (ANZBY): Australia and New Zealand Banking Group Limited provides various banking and financial products and services. The company's Australia division offers retail products and services to consumers through the branch....See Detailed Company Profile,  Dividend History

▶ Arrow Financial (AROW): Arrow Financial Corporation (Arrow), incorporated on March 21, 1983, is a bank holding company. The Companys banking subsidiaries are Glens Falls National Bank and Trust Company (Glens Falls National) and ....See Detailed Company Profile,  Dividend History

▶ Associated Banc-Corp (ASB): Associated Banc-Corp, incorporated on October 20, 1964, is a bank holding company. The Company, through its banking subsidiary Associated Bank, National Association (the Bank) and various nonbanking subsidiaries, provides a ....See Detailed Company Profile,  Dividend History

▶ Atlantic Capital Bancshares (ACBI): Atlantic Capital Bancshares, Inc. operates as the holding company for Atlantic Capital Bank, N.A. that provides commercial banking products and services in the United States. The company offers NOW, m....See Detailed Company Profile,  Dividend History

▶ Auburn National Bancorporation (AUBN): Auburn National Bancorporation, Inc., incorporated on April 12, 1990, is a bank holding company. The Company operates through its subsidiary AuburnBank (the Bank), which is a commercial bank located in ....See Detailed Company Profile,  Dividend History

▶ Banc of California (BANC): Banc of California, Inc. operates as the bank holding company for Banc of California, National Association that provides banking products and services in the United States. The company's deposits cons....See Detailed Company Profile,  Dividend History

▶ BancFirst (BANF): BancFirst Corporation, incorporated on July 12, 1984, is a financial holding company. The Company conducts its operating activities through its principal subsidiary, BancFirst (the Bank), a state-chartered bank. The Company ....See Detailed Company Profile,  Dividend History

▶ Banco Bradesco Sa (BBD): Banco Bradesco S.A. provides banking and financial products and services to individuals, enterprises, and corporations and institutions. It operates through two segments, Banking; and Insurance, Pensi....See Detailed Company Profile,  Dividend History

▶ Banco Bradesco Sa (BBDO): Banco Bradesco S.A. provides banking and financial products and services to individuals, enterprises, and corporations and institutions. It operates through two segments, Banking; and Insurance, Pension Plans a....See Detailed Company Profile,  Dividend History

▶ Bancorp of New Jersey (BKJ): Bancorp of New Jersey, Inc. operates as a bank holding company of Bank of New Jersey that provides banking services to individuals, businesses, non-profit organizations, and governmental units. The co....See Detailed Company Profile,  Dividend History

▶ BancorpSouth (BXS): BancorpSouth, Inc., incorporated on February 17, 1982, is a financial holding company. The Company, through its principal bank subsidiary, BancorpSouth Bank (the Bank), conducts commercial banking and financial services operations ....See Detailed Company Profile,  Dividend History

▶ Bank of America (BAC): Bank of America Corporation, incorporated on July 31, 1998, is a bank holding company (BHC) and a financial holding company. The Company is a financial institution, serving individual consumers, small- ....See Detailed Company Profile,  Dividend History  and Recent Candlestick Patterns.

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