NBT Bancorp Inc. (NBTB) Balance Sheet
NBTB balance sheet, 2025
December 31, 2025 · U.S. dollars$16.00B assets = $14.10B liabilities + $1.90B equity
Both columns are drawn to the same scale: what NBTB owns equals what it owes plus shareholders’ equity. Hover a block for its value.
NBTB financial health
Descriptive bands, not a rating. Fiscal 2025.
NBTB balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $8.87B2016 | $16.00B2025 | +6.8%/yr | |
| Total liabilities | $7.95B2016 | $14.10B2025 | +6.6%/yr | |
| Shareholders’ equity | $913.3M2016 | $1.90B2025 | +8.5%/yr | |
| Cash & short-term investments | $1.49B2016 | $185.2M2025 | −20.7%/yr | |
| Total debt | $887.0M2016 | $327.4M2025 | −10.5%/yr | |
| Net cash (debt) | $600.5M2016 | −$142.3M2025 | −$742.7M | |
| Working capital | −$6.17B2016 | $89.1M2025 | +$6.3B | |
| Book value per share | $20.942016 | $37.272025 | +6.6%/yr | |
| Debt / equity | 0.972016 | 0.172025 | −0.80 | |
| Shares outstanding | 43.6M2016 | 50.9M2025 | +1.7%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
NBTB assets
NBTB liabilities and equity
NBTB debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
NBTB balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $185.2M | $420.4M | $1.64B | $1.72B | $2.96B | $2.02B | $1.19B | $1.18B | $1.42B | $1.49B |
| Cash & equivalents | $185.2M | $284.1M | $205.2M | $197.3M | $1.27B | $672.7M | $216.8M | $181.0M | $159.7M | $149.2M |
| Short-term investments | $1.86B | $136.4M | $1.43B | $1.53B | $1.69B | $1.35B | $975.3M | $998.5M | $1.26B | $1.34B |
| Receivables | $52.0M | $0 | $0 | $8.05B | $7.41B | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $105,000 | $167,000 | $1.5M | $1.5M | $2.4M | $4.5M | $5.6M |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $237.2M | $420.4M | $1.64B | $1.72B | $2.96B | $2.02B | $1.19B | $1.18B | $1.42B | $1.49B |
| Property, plant & equipment (net) | $99.3M | $80.8M | $80.7M | $69.0M | $72.1M | $74.2M | $75.6M | $79.0M | $81.3M | $84.2M |
| Goodwill & intangible assets | $510.9M | $399.0M | $402.3M | $288.5M | $289.5M | $292.3M | $286.8M | $290.4M | $281.5M | $281.3M |
| Long-term investments | $2.67B | $2.46B | $2.37B | $2.48B | $2.45B | $8.01B | $7.70B | $7.61B | $7.01B | $6.67B |
| Other non-current assets | $12.47B | $10.43B | $8.82B | $7.18B | $6.24B | $538.5M | $456.4M | $401.8M | $347.6M | $344.3M |
| Total assets | $16.00B | $13.79B | $13.31B | $11.74B | $12.01B | $10.93B | $9.72B | $9.56B | $9.14B | $8.87B |
| Liabilities | ||||||||||
| Accounts payable | — | — | — | $9.50B | $10.23B | $9.08B | $7.59B | $7.37B | $7.17B | $6.97B |
| Short-term debt | $148.1M | $162.9M | $386.7M | $585.0M | $97.8M | $168.4M | $655.3M | $871.7M | $719.1M | $681.7M |
| Total current liabilities | $148.1M | $11.71B | $11.36B | $10.08B | $10.33B | $9.25B | $8.24B | $8.24B | $7.89B | $7.66B |
| Long-term debt | $179.4M | $252.0M | $250.7M | $198.1M | $199.7M | $199.2M | $101.2M | $174.9M | $190.1M | $205.3M |
| Other long-term liabilities | $3.62B | $298.8M | $277.0M | $286.7M | $229.7M | $296.0M | $251.2M | $123.6M | $98.8M | $93.3M |
| Total liabilities | $14.10B | $12.26B | $11.88B | $10.57B | $10.76B | $9.75B | $8.60B | $8.54B | $8.18B | $7.95B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $591,000 | $540,000 | $540,000 | $497,000 | $497,000 | $497,000 | $497,000 | $497,000 | $497,000 | $497,000 |
| Retained earnings (deficit) | $1.20B | $1.10B | $1.02B | $958.4M | $856.2M | $749.1M | $696.2M | $621.2M | $543.7M | $501.8M |
| Treasury stock | — | — | — | — | — | −$140.4M | −$134.0M | −$136.1M | −$138.2M | −$142.5M |
| Accumulated other comprehensive income | −$82.6M | −$142.1M | −$160.9M | −$190.0M | −$23.3M | $417,000 | −$19.0M | −$43.2M | −$22.1M | −$21.5M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $1.90B | $1.53B | $1.43B | $1.17B | $1.25B | $1.19B | $1.12B | $1.02B | $958.2M | $913.3M |
| Key figures | ||||||||||
| Total debt | $327.4M | $415.0M | $637.4M | $788.0M | $311.5M | $406.7M | $820.7M | $1.05B | $909.2M | $887.0M |
| Net cash (debt) | −$142.3M | $5.4M | $998.7M | $936.6M | $2.64B | $1.61B | $371.5M | $132.8M | $506.4M | $600.5M |
| Working capital | $89.1M | −$11.29B | −$9.72B | −$8.36B | −$7.38B | −$7.23B | −$7.05B | −$7.06B | −$6.47B | −$6.17B |
| Tangible book value | $1.39B | $1.13B | $1.02B | $885.0M | $961.0M | $895.3M | $833.6M | $727.5M | $676.7M | $632.1M |
| Book value per share | $37.27 | $32.17 | $31.84 | $27.18 | $28.60 | $27.00 | $25.39 | $23.12 | $21.82 | $20.94 |
| Shares outstanding | 50.9M | 47.4M | 44.8M | 43.2M | 43.7M | 44.0M | 44.1M | 44.0M | 43.9M | 43.6M |
| Current ratio | 1.60 | 0.04 | 0.14 | 0.17 | 0.29 | 0.22 | 0.14 | 0.14 | 0.18 | 0.19 |
| Quick ratio | 1.60 | 0.04 | 0.14 | 0.97 | 1.00 | 0.22 | 0.14 | 0.14 | 0.18 | 0.19 |
| Debt / equity | 0.17 | 0.27 | 0.45 | 0.67 | 0.25 | 0.34 | 0.73 | 1.03 | 0.95 | 0.97 |
| Equity / assets | 11.9% | 11.1% | 10.7% | 10.0% | 10.4% | 10.9% | 11.5% | 10.7% | 10.5% | 10.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $187.2M | $151.6M | $185.2M | $806.0M | $724.0M | $438.8M | $420.4M | $1.99B | $1.65B | $1.74B | $1.64B | $2.07B |
| Cash & equivalents | $187.2M | $151.6M | $185.2M | $640.2M | $541.6M | $254.1M | $284.1M | $482.5M | $207.5M | $319.1M | $205.2M | $672.7M |
| Short-term investments | $2.01B | $1.92B | $1.86B | $165.8M | $182.4M | $184.7M | $136.4M | $1.51B | $1.44B | $1.42B | $1.43B | $1.40B |
| Receivables | $0 | $0 | $52.0M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $187.2M | $151.6M | $237.2M | $806.0M | $724.0M | $438.8M | $420.4M | $1.99B | $1.65B | $1.74B | $1.64B | $2.07B |
| Property, plant & equipment (net) | $98.1M | $100.3M | $99.3M | $98.7M | $95.8M | $81.6M | $80.8M | $80.1M | $78.7M | $80.2M | $80.7M | $82.8M |
| Goodwill & intangible assets | $504.4M | $507.6M | $510.9M | $515.1M | $518.5M | $396.9M | $399.0M | $397.9M | $398.7M | $400.8M | $402.3M | $402.7M |
| Long-term investments | $2.81B | $2.71B | $2.67B | $2.63B | $2.59B | $2.58B | $2.46B | $2.41B | $2.36B | $2.35B | $2.37B | $2.35B |
| Other non-current assets | $12.61B | $12.73B | $12.47B | $12.06B | $12.09B | $10.36B | $10.43B | $8.96B | $9.02B | $8.87B | $8.82B | $8.92B |
| Total assets | $16.21B | $16.20B | $16.00B | $16.11B | $16.01B | $13.86B | $13.79B | $13.84B | $13.50B | $13.44B | $13.31B | $13.83B |
| Liabilities | ||||||||||||
| Short-term debt | $316.4M | $117.8M | $148.1M | $138.7M | $113.0M | $85.6M | $162.9M | $205.0M | $224.7M | $267.1M | $386.7M | $490.2M |
| Total current liabilities | $316.4M | $117.8M | $148.1M | $13.80B | $13.63B | $11.79B | $11.71B | $11.79B | $11.50B | $11.46B | $11.36B | $11.89B |
| Long-term debt | $154.8M | $179.6M | $179.4M | $180.6M | $298.4M | $227.4M | $252.0M | $251.7M | $251.4M | $251.1M | $250.7M | $250.4M |
| Other long-term liabilities | $13.80B | $13.99B | $13.77B | $279.2M | $283.0M | $277.0M | $298.8M | $272.6M | $292.4M | $284.3M | $277.0M | $322.8M |
| Total liabilities | $14.27B | $14.29B | $14.10B | $14.26B | $14.21B | $12.30B | $12.26B | $12.32B | $12.04B | $12.00B | $11.88B | $12.46B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $591,000 | $591,000 | $591,000 | $591,000 | $591,000 | $540,000 | $540,000 | $540,000 | $540,000 | $540,000 | $540,000 | $540,000 |
| Retained earnings (deficit) | $1.26B | $1.23B | $1.20B | $1.16B | $1.13B | $1.12B | $1.10B | $1.08B | $1.06B | $1.04B | $1.02B | $1.01B |
| Accumulated other comprehensive income | −$89.1M | −$87.3M | −$82.6M | −$98.9M | −$109.5M | −$121.8M | −$142.1M | −$125.7M | −$162.9M | −$164.5M | −$160.9M | −$207.6M |
| Total shareholders' equity | $1.94B | $1.91B | $1.90B | $1.85B | $1.81B | $1.57B | $1.53B | $1.52B | $1.46B | $1.44B | $1.43B | $1.36B |
| Key figures | ||||||||||||
| Total debt | $471.2M | $160.9M | $191.2M | $319.4M | $411.4M | $313.0M | $415.0M | $456.7M | $476.1M | $518.2M | $637.4M | $740.6M |
| Net cash (debt) | −$284.0M | −$9.4M | −$6.1M | $486.7M | $312.6M | $125.8M | $5.4M | $1.54B | $1.17B | $1.22B | $998.7M | $1.33B |
| Working capital | −$129.3M | $33.8M | $89.1M | −$12.99B | −$12.90B | −$11.36B | −$11.29B | −$9.80B | −$9.85B | −$9.72B | −$9.72B | −$9.82B |
| Tangible book value | $1.44B | $1.41B | $1.39B | $1.34B | $1.29B | $1.17B | $1.13B | $1.12B | $1.06B | $1.04B | $1.02B | $960.1M |
| Book value per share | $37.13 | $36.57 | $36.10 | $39.34 | $38.32 | $33.24 | $32.13 | $32.06 | $30.85 | $30.43 | $30.11 | $30.02 |
| Shares outstanding | 52.4M | 52.4M | 52.5M | 47.1M | 47.1M | 47.1M | 47.5M | 47.5M | 47.4M | 47.4M | 47.4M | 45.4M |
| Current ratio | 0.59 | 1.29 | 1.60 | 0.06 | 0.05 | 0.04 | 0.04 | 0.17 | 0.14 | 0.15 | 0.14 | 0.17 |
| Quick ratio | 0.59 | 1.29 | 1.60 | 0.06 | 0.05 | 0.04 | 0.04 | 0.17 | 0.14 | 0.15 | 0.14 | 0.17 |
| Debt / equity | 0.24 | 0.08 | 0.10 | 0.17 | 0.23 | 0.20 | 0.27 | 0.30 | 0.33 | 0.36 | 0.45 | 0.54 |
| Equity / assets | 12.0% | 11.8% | 11.9% | 11.5% | 11.3% | 11.3% | 11.1% | 11.0% | 10.8% | 10.7% | 10.7% | 9.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 27, 2026); data from EODHD.
NBTB financial position
At the end of fiscal 2025 (December 31, 2025), NBT Bancorp had total assets of $16.0 billion (up 16.0% from a year earlier), total liabilities of $14.1 billion and shareholders' equity of $1.9 billion. It held $185.2 million in cash and short-term investments against $327.4 million of debt, net debt of $142.3 million. Its current ratio was 1.60. In the latest quarter (ended June 30, 2026) total assets were $16.2 billion and equity $1.9 billion.
Related: NBTB income statement, NBTB cash flow statement, NBTB key metrics. See the NBTB stock overview for the latest quote and news.
NBTB balance sheet FAQ
What are NBT Bancorp's total assets?
NBT Bancorp reported total assets of $16.0 billion at the end of fiscal 2025 (December 31, 2025), compared with $13.8 billion a year earlier.
How much debt does NBT Bancorp have?
NBT Bancorp had $327.4 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.17.
How much cash does NBT Bancorp have?
NBT Bancorp held $185.2 million in cash and short-term investments at the end of fiscal 2025; with $327.4 million of debt that is net debt of $142.3 million.
What is NBT Bancorp's book value?
NBT Bancorp's shareholders' equity (book value) was $1.9 billion at the end of fiscal 2025, or $37.27 per share.
What is NBT Bancorp's current ratio?
NBT Bancorp had current assets of $237.2 million and current liabilities of $148.1 million, a current ratio of 1.60 (it can cover its short-term obligations).
How much goodwill does NBT Bancorp have?
NBT Bancorp carried $510.9 million of goodwill and intangible assets, 3.2% of total assets, at the end of fiscal 2025.