NBT BancorpNBTB +1.07%69 Net Margin % is 27.81% as of Mar. 2026, which is 14% above its 10-year median of 24.43. GuruFocus rates NBTB with a GF Score™ of 69/100 and a GF Value™ of $46.34 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,526 Banks companies, NBT Bancorp ranks worse than 54.13% on this metric.
Net margin is calculated as Net Income divided by its Revenue. NBT Bancorp's Net Income for the
three
months ended in Mar. 2026 was $51.1 Mil. NBT Bancorp's Revenue for the
three
months ended in Mar. 2026 was $183.9 Mil. Therefore, NBT Bancorp's net margin for the quarter that ended in Mar. 2026 was 27.81%.
The historical rank and industry rank for NBT Bancorp's Net Margin % or its related term are showing as below:
NBTB'
s Net Margin % Range Over the Past 10 Years
Min: 20.58 Med: 24.43 Max: 32.54
Current: 25.36
NBTB's Net Margin % is ranked worse than 54.13% of 1526
companies
in the Banks industry
Industry Median: 26.97
vs NBTB: 25.36
NBT Bancorp (NAS:NBTB) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
NBT Bancorp Net Margin % Related Terms
NBT Bancorp Net Margin % Historical Data
* Premium members only.
The historical data trend for NBT Bancorp's Net Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Banks - Regional subindustry, NBT Bancorp's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
NBT Bancorp Net Margin % vs Banks Industry
For the Banks industry and Financial Services sector, NBT Bancorp's Net Margin % distribution charts can be found below:
* The bar in red indicates where NBT Bancorp's Net Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NBT Bancorp (NBTB) has a Net Margin % of 27.81% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on NBT Bancorp and its competitors. This is 14% above median its historical median of 24.43. Over the past decade, NBT Bancorp's Net Margin % has ranged from 20.58 to 32.54. According to the industry distribution chart, NBT Bancorp ranks #826 out of 1526 companies in the Banks industry, placing it in the top 54.1%.
Is NBT Bancorp's Net Margin % too high?
NBT Bancorp's current Net Margin % of 27.81% is 14% above median its 10-year median of 24.43. Over the past 10 years, this metric has ranged from a low of 20.58 to a high of 32.54. The Banks industry median Net Margin % is 26.97. NBT Bancorp's value of 27.81% is 3.1% above this industry median. Based on the distribution chart, NBT Bancorp ranks #826 out of 1526 companies in the Banks industry, which is below the industry midpoint. Overall, NBT Bancorp has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NBT Bancorp's Net Margin % compare to FBNC and BBT?
According to the Banks industry distribution chart, NBT Bancorp ranks #826 out of 1526 companies for Net Margin %. This places NBT Bancorp in the lower half of its industry. The industry median Net Margin % is 26.97. NBT Bancorp's value of 27.81% is 3.1% above this benchmark. Historically, NBT Bancorp's own Net Margin % has ranged from 20.58 to 32.54 over the past decade. While the company's 10-year median is 24.43 vs. the industry median of 26.97, NBT Bancorp has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Banks company?
The median Net Margin % among Banks companies is 26.97, based on 1,526 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NBT Bancorp's current Net Margin % of 27.81% is 3.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on NBT Bancorp and its competitors. For the Banks industry, the median Net Margin % is 26.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NBT Bancorp's current Net Margin % is 27.81%, which is 14% above median its own 10-year median of 24.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NBT Bancorp stock overvalued right now?
Based on GuruFocus' analysis, NBT Bancorp (NBTB) is currently considered Fairly Valued. The stock's GF Value™ is $46.34, compared to a current price of $49.26 — trading 6.3% above its estimated fair value. The current Net Margin % is 27.81%, which is 14% above median its 10-year median of 24.43 and 3.1% above the Banks industry median of 26.97. NBT Bancorp's overall GF Score™ is 69/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For NBT Bancorp (NBTB), the current Net Margin % is 27.81% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is NBT Bancorp (NBTB) Overvalued in 2026?
Based on GuruFocus' analysis, NBT Bancorp stock appears to be overvalued.
The current stock price of $49.26 is trading 6.3% above its estimated GF Value™ of $46.34.
GuruFocus considers NBT Bancorp to be Fairly Valued.
Key valuation signals for NBTB:
Net Margin %: 27.81% (14% above median its 10-year median of 24.43)
GF Value™: $46.34 vs. price of $49.26 (6.3% above fair value)
Industry Position: 3.1% above the Banks median (#826 of 1526)
No single metric tells the full story. See the NBTB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
69GF Score
Get the complete analysis for NBTB
Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NBTB has been successfully added to your 
