Intrinsic value of NBT Bancorp - NBTB

Previous Close

$39.88

  Intrinsic Value

$0.00

stock screener

  Rating & Target

str. sell

-100%

Previous close

$39.88

 
Intrinsic value

$0.00

 
Up/down potential

-100%

 
Rating

str. sell

Our model is not good at valuating stocks of financial companies, such as NBTB.

We calculate the intrinsic value of NBTB stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2017), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 1.8

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  5.40
  5.36
  5.32
  5.29
  5.26
  5.24
  5.21
  5.19
  5.17
  5.15
  5.14
  5.13
  5.11
  5.10
  5.09
  5.08
  5.07
  5.07
  5.06
  5.05
  5.05
  5.04
  5.04
  5.04
  5.03
  5.03
  5.03
  5.02
  5.02
  5.02
Revenue, $m
  394
  415
  437
  461
  485
  510
  537
  565
  594
  624
  657
  690
  726
  763
  801
  842
  885
  930
  977
  1,026
  1,078
  1,132
  1,189
  1,249
  1,312
  1,378
  1,447
  1,520
  1,596
  1,676
Variable operating expenses, $m
  201
  212
  224
  235
  248
  261
  274
  289
  303
  319
  336
  353
  371
  390
  410
  430
  452
  475
  499
  524
  551
  579
  608
  638
  670
  704
  740
  777
  816
  857
Fixed operating expenses, $m
  57
  58
  60
  61
  62
  64
  65
  67
  68
  70
  71
  73
  74
  76
  78
  79
  81
  83
  85
  87
  88
  90
  92
  94
  96
  99
  101
  103
  105
  108
Total operating expenses, $m
  258
  270
  284
  296
  310
  325
  339
  356
  371
  389
  407
  426
  445
  466
  488
  509
  533
  558
  584
  611
  639
  669
  700
  732
  766
  803
  841
  880
  921
  965
Operating income, $m
  136
  145
  154
  164
  175
  186
  197
  209
  222
  236
  250
  265
  280
  297
  314
  332
  352
  372
  393
  415
  439
  463
  489
  516
  545
  575
  607
  640
  675
  712
EBITDA, $m
  1,085
  1,145
  1,208
  1,273
  1,342
  1,414
  1,490
  1,569
  1,652
  1,740
  1,831
  1,927
  2,028
  2,133
  2,244
  2,360
  2,482
  2,611
  2,745
  2,886
  3,034
  3,190
  3,353
  3,525
  3,705
  3,894
  4,092
  4,301
  4,519
  4,749
Interest expense (income), $m
  22
  450
  430
  450
  471
  492
  515
  539
  564
  590
  617
  646
  676
  707
  740
  775
  811
  849
  889
  931
  975
  1,021
  1,069
  1,120
  1,173
  1,229
  1,288
  1,350
  1,415
  1,482
  1,554
Earnings before tax, $m
  -315
  -286
  -296
  -307
  -318
  -329
  -341
  -354
  -367
  -381
  -396
  -411
  -426
  -443
  -460
  -478
  -497
  -517
  -538
  -559
  -582
  -606
  -631
  -657
  -684
  -713
  -743
  -774
  -807
  -842
Tax expense, $m
  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, $m
  -315
  -286
  -296
  -307
  -318
  -329
  -341
  -354
  -367
  -381
  -396
  -411
  -426
  -443
  -460
  -478
  -497
  -517
  -538
  -559
  -582
  -606
  -631
  -657
  -684
  -713
  -743
  -774
  -807
  -842

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  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
Total assets, $m
  7,581
  7,987
  8,412
  8,857
  9,324
  9,812
  10,323
  10,859
  11,421
  12,009
  12,627
  13,274
  13,953
  14,664
  15,411
  16,194
  17,016
  17,878
  18,783
  19,732
  20,728
  21,774
  22,871
  24,023
  25,231
  26,500
  27,832
  29,230
  30,698
  32,238
Adjusted assets (=assets-cash), $m
  7,581
  7,987
  8,412
  8,857
  9,324
  9,812
  10,323
  10,859
  11,421
  12,009
  12,627
  13,274
  13,953
  14,664
  15,411
  16,194
  17,016
  17,878
  18,783
  19,732
  20,728
  21,774
  22,871
  24,023
  25,231
  26,500
  27,832
  29,230
  30,698
  32,238
Revenue / Adjusted assets
  0.052
  0.052
  0.052
  0.052
  0.052
  0.052
  0.052
  0.052
  0.052
  0.052
  0.052
  0.052
  0.052
  0.052
  0.052
  0.052
  0.052
  0.052
  0.052
  0.052
  0.052
  0.052
  0.052
  0.052
  0.052
  0.052
  0.052
  0.052
  0.052
  0.052
Average production assets, $m
  9,493
  10,002
  10,534
  11,092
  11,675
  12,287
  12,927
  13,598
  14,302
  15,039
  15,812
  16,622
  17,472
  18,364
  19,299
  20,279
  21,308
  22,388
  23,521
  24,710
  25,957
  27,266
  28,640
  30,083
  31,596
  33,185
  34,853
  36,604
  38,442
  40,371
Working capital, $m
  -8,328
  -8,774
  -9,241
  -9,730
  -10,242
  -10,779
  -11,341
  -11,929
  -12,546
  -13,193
  -13,871
  -14,582
  -15,328
  -16,110
  -16,930
  -17,790
  -18,693
  -19,640
  -20,634
  -21,677
  -22,771
  -23,920
  -25,125
  -26,390
  -27,718
  -29,112
  -30,575
  -32,111
  -33,723
  -35,416
Total debt, $m
  7,968
  8,334
  8,717
  9,117
  9,537
  9,976
  10,436
  10,919
  11,424
  11,954
  12,510
  13,092
  13,703
  14,344
  15,015
  15,720
  16,460
  17,236
  18,050
  18,904
  19,801
  20,742
  21,729
  22,766
  23,854
  24,996
  26,194
  27,453
  28,774
  30,160
Total liabilities, $m
  6,823
  7,188
  7,571
  7,972
  8,391
  8,831
  9,291
  9,773
  10,279
  10,808
  11,364
  11,946
  12,557
  13,198
  13,870
  14,575
  15,314
  16,090
  16,904
  17,759
  18,655
  19,596
  20,584
  21,620
  22,708
  23,850
  25,049
  26,307
  27,628
  29,015
Total equity, $m
  758
  799
  841
  886
  932
  981
  1,032
  1,086
  1,142
  1,201
  1,263
  1,327
  1,395
  1,466
  1,541
  1,619
  1,702
  1,788
  1,878
  1,973
  2,073
  2,177
  2,287
  2,402
  2,523
  2,650
  2,783
  2,923
  3,070
  3,224
Total liabilities and equity, $m
  7,581
  7,987
  8,412
  8,858
  9,323
  9,812
  10,323
  10,859
  11,421
  12,009
  12,627
  13,273
  13,952
  14,664
  15,411
  16,194
  17,016
  17,878
  18,782
  19,732
  20,728
  21,773
  22,871
  24,022
  25,231
  26,500
  27,832
  29,230
  30,698
  32,239
Debt-to-equity ratio
  10.510
  10.430
  10.360
  10.290
  10.230
  10.170
  10.110
  10.050
  10.000
  9.950
  9.910
  9.860
  9.820
  9.780
  9.740
  9.710
  9.670
  9.640
  9.610
  9.580
  9.550
  9.530
  9.500
  9.480
  9.450
  9.430
  9.410
  9.390
  9.370
  9.360
Adjusted equity ratio
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -315
  -286
  -296
  -307
  -318
  -329
  -341
  -354
  -367
  -381
  -396
  -411
  -426
  -443
  -460
  -478
  -497
  -517
  -538
  -559
  -582
  -606
  -631
  -657
  -684
  -713
  -743
  -774
  -807
  -842
Depreciation, amort., depletion, $m
  949
  1,000
  1,053
  1,109
  1,168
  1,229
  1,293
  1,360
  1,430
  1,504
  1,581
  1,662
  1,747
  1,836
  1,930
  2,028
  2,131
  2,239
  2,352
  2,471
  2,596
  2,727
  2,864
  3,008
  3,160
  3,319
  3,485
  3,660
  3,844
  4,037
Funds from operations, $m
  635
  715
  758
  803
  850
  899
  951
  1,006
  1,063
  1,123
  1,186
  1,252
  1,321
  1,393
  1,470
  1,550
  1,634
  1,722
  1,814
  1,911
  2,014
  2,121
  2,233
  2,351
  2,475
  2,606
  2,742
  2,886
  3,037
  3,196
Change in working capital, $m
  -427
  -446
  -467
  -489
  -512
  -536
  -562
  -589
  -617
  -647
  -678
  -711
  -746
  -782
  -820
  -860
  -903
  -947
  -994
  -1,043
  -1,094
  -1,149
  -1,205
  -1,265
  -1,328
  -1,394
  -1,463
  -1,536
  -1,612
  -1,693
Cash from operations, $m
  1,061
  1,161
  1,225
  1,292
  1,362
  1,436
  1,513
  1,594
  1,680
  1,770
  1,864
  1,962
  2,066
  2,175
  2,290
  2,410
  2,536
  2,669
  2,808
  2,954
  3,108
  3,269
  3,439
  3,616
  3,803
  4,000
  4,206
  4,422
  4,649
  4,888
Maintenance CAPEX, $m
  -900
  -949
  -1,000
  -1,053
  -1,109
  -1,168
  -1,229
  -1,293
  -1,360
  -1,430
  -1,504
  -1,581
  -1,662
  -1,747
  -1,836
  -1,930
  -2,028
  -2,131
  -2,239
  -2,352
  -2,471
  -2,596
  -2,727
  -2,864
  -3,008
  -3,160
  -3,319
  -3,485
  -3,660
  -3,844
New CAPEX, $m
  -491
  -509
  -532
  -557
  -584
  -611
  -640
  -671
  -703
  -737
  -773
  -810
  -850
  -891
  -935
  -981
  -1,029
  -1,080
  -1,133
  -1,189
  -1,247
  -1,309
  -1,374
  -1,442
  -1,514
  -1,589
  -1,668
  -1,751
  -1,838
  -1,929
Cash from investing activities, $m
  -1,391
  -1,458
  -1,532
  -1,610
  -1,693
  -1,779
  -1,869
  -1,964
  -2,063
  -2,167
  -2,277
  -2,391
  -2,512
  -2,638
  -2,771
  -2,911
  -3,057
  -3,211
  -3,372
  -3,541
  -3,718
  -3,905
  -4,101
  -4,306
  -4,522
  -4,749
  -4,987
  -5,236
  -5,498
  -5,773
Free cash flow, $m
  -330
  -297
  -308
  -319
  -331
  -343
  -356
  -369
  -383
  -398
  -413
  -429
  -446
  -463
  -482
  -501
  -521
  -542
  -564
  -587
  -611
  -636
  -662
  -690
  -719
  -749
  -781
  -814
  -849
  -885
Issuance/(repayment) of debt, $m
  -370
  366
  383
  401
  420
  439
  460
  482
  505
  530
  555
  582
  611
  641
  672
  705
  740
  776
  814
  854
  897
  941
  988
  1,036
  1,088
  1,142
  1,199
  1,258
  1,321
  1,387
Issuance/(repurchase) of shares, $m
  1,095
  326
  338
  351
  364
  378
  393
  408
  423
  440
  457
  475
  494
  514
  535
  557
  579
  603
  628
  654
  682
  711
  741
  772
  805
  840
  876
  914
  954
  996
Cash from financing (excl. dividends), $m  
  725
  692
  721
  752
  784
  817
  853
  890
  928
  970
  1,012
  1,057
  1,105
  1,155
  1,207
  1,262
  1,319
  1,379
  1,442
  1,508
  1,579
  1,652
  1,729
  1,808
  1,893
  1,982
  2,075
  2,172
  2,275
  2,383
Total cash flow (excl. dividends), $m
  395
  395
  413
  432
  453
  474
  497
  521
  546
  572
  600
  629
  659
  692
  725
  761
  798
  838
  879
  922
  968
  1,016
  1,066
  1,119
  1,174
  1,233
  1,294
  1,358
  1,426
  1,497
Retained Cash Flow (-), $m
  -1,095
  -326
  -338
  -351
  -364
  -378
  -393
  -408
  -423
  -440
  -457
  -475
  -494
  -514
  -535
  -557
  -579
  -603
  -628
  -654
  -682
  -711
  -741
  -772
  -805
  -840
  -876
  -914
  -954
  -996
Prev. year cash balance distribution, $m
  22
  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
Cash flow adjustment, $m
  5
  6
  6
  6
  6
  7
  7
  8
  8
  8
  9
  9
  10
  10
  11
  11
  12
  12
  13
  14
  14
  15
  16
  17
  17
  18
  19
  20
  21
  22
Cash available for distribution, $m
  -678
  68
  75
  81
  89
  96
  104
  113
  122
  132
  142
  153
  165
  177
  190
  204
  219
  234
  251
  268
  286
  305
  325
  347
  369
  393
  418
  444
  472
  501
Discount rate, %
  15.20
  15.96
  16.76
  17.60
  18.48
  19.40
  20.37
  21.39
  22.46
  23.58
  24.76
  26.00
  27.30
  28.66
  30.09
  31.60
  33.18
  34.84
  36.58
  38.41
  40.33
  42.35
  44.46
  46.69
  49.02
  51.47
  54.05
  56.75
  59.59
  62.57
PV of cash for distribution, $m
  -589
  51
  47
  43
  38
  33
  28
  24
  20
  16
  12
  10
  7
  5
  4
  3
  2
  1
  1
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  50.0
  35.0
  24.6
  17.3
  12.3
  8.7
  6.2
  4.5
  3.2
  2.3
  1.7
  1.2
  0.9
  0.7
  0.5
  0.4
  0.3
  0.2
  0.1
  0.1
  0.1
  0.1
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0

NBT Bancorp Inc. is a financial holding company. The Company conducts its business through NBT Bank, National Association (the Bank) and also through its other subsidiaries, which includes 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, negotiable order of withdrawal accounts, money market deposit accounts and certificate of deposit accounts. It offers loan products, which include consumer loans, home equity loans, mortgages and commercial loans. The Bank offers other products and services, such as trust and investment services, and financial planning and life insurance services through its branch network.

FINANCIAL RATIOS  of  NBT Bancorp (NBTB)

Valuation Ratios
P/E Ratio 22.1
Price to Sales 0
Price to Book 1.9
Price to Tangible Book
Price to Cash Flow 15.7
Price to Free Cash Flow 16.1
Growth Rates
Sales Growth Rate -100%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -62.5%
Cap. Spend. - 3 Yr. Gr. Rate -12.9%
Financial Strength
Quick Ratio NaN
Current Ratio NaN
LT Debt to Equity 97.2%
Total Debt to Equity 97.2%
Interest Coverage 6
Management Effectiveness
Return On Assets 1.1%
Ret/ On Assets - 3 Yr. Avg. 1.1%
Return On Total Capital 4.6%
Ret/ On T. Cap. - 3 Yr. Avg. 4.9%
Return On Equity 8.7%
Return On Equity - 3 Yr. Avg. 8.8%
Asset Turnover 0
Profitability Ratios
Gross Margin 0%
Gross Margin - 3 Yr. Avg. 0%
EBITDA Margin 0%
EBITDA Margin - 3 Yr. Avg. 0%
Operating Margin 0%
Oper. Margin - 3 Yr. Avg. 0%
Pre-Tax Margin 0%
Pre-Tax Margin - 3 Yr. Avg. 0%
Net Profit Margin 0%
Net Profit Margin - 3 Yr. Avg. 0%
Effective Tax Rate 34.5%
Eff/ Tax Rate - 3 Yr. Avg. 34.2%
Payout Ratio 50%

NBTB stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the NBTB stock intrinsic value calculation we used $374 million for the last fiscal year's total revenue generated by NBT Bancorp. The default revenue input number comes from 2017 income statement of NBT Bancorp. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our NBTB stock valuation model: a) initial revenue growth rate of 5.4% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 15.2%, whose default value for NBTB is calculated based on our internal credit rating of NBT Bancorp, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of NBT Bancorp.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of NBTB stock the variable cost ratio is equal to 51.1%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $56 million in the base year in the intrinsic value calculation for NBTB stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for NBT Bancorp.

Corporate tax rate of 27% is the nominal tax rate for NBT Bancorp. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the NBTB stock is equal to 1.4%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for NBTB are equal to 2408.2%.

Life of production assets of 10 years is the average useful life of capital assets used in NBT Bancorp operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for NBTB is equal to -2112.6%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $0 million for NBT Bancorp - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 44 million for NBT Bancorp is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of NBT Bancorp at the current share price and the inputted number of shares is $1.8 billion.

RELATED COMPANIES Price Int.Val. Rating
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COMPANY NEWS

▶ NBT: 1Q Earnings Snapshot   [Apr-23-18 04:52PM  Associated Press]
▶ NBT Bancorp Inc. Announces 8.7% Dividend Increase   [Mar-26-18 04:00PM  GlobeNewswire]
▶ NBT posts 4Q profit   [Jan-22-18 04:39PM  Associated Press]
▶ ETFs with exposure to NBT Bancorp, Inc. : January 1, 2018   [Jan-01-18 11:45AM  Capital Cube]
▶ NBT Bancorp Promotes Wiles to Executive Vice President   [Oct-24-17 11:53AM  GlobeNewswire]
▶ NBT posts 3Q profit   [Oct-23-17 04:29PM  Associated Press]
▶ 3 ways to trade Tech   [Sep-14-17 07:26PM  CNBC Videos]
▶ Still time to buy car stocks: 5 trades   [Aug-31-17 05:00PM  CNBC Videos]
▶ NBT posts 2Q profit   [Jul-24-17 10:07PM  Associated Press]
▶ ETFs with exposure to NBT Bancorp, Inc. : July 14, 2017   [Jul-14-17 03:48PM  Capital Cube]
▶ ETFs with exposure to NBT Bancorp, Inc. : June 9, 2017   [Jun-09-17 01:47PM  Capital Cube]
▶ NBT Bancorp Inc. Announces Cash Dividend   [May-23-17 02:00PM  GlobeNewswire]
▶ NBT posts 1Q profit   [Apr-24-17 04:30PM  Associated Press]
▶ NBT posts 4Q profit   [04:36PM  Associated Press]
▶ New Directors Join NBT Bancorp Board   [09:15AM  GlobeNewswire]
▶ NBT Bancorp Completes Leadership Transition   [Dec-19-16 09:15AM  GlobeNewswire]
▶ Today's Bell Ringer, December 19, 2016   [09:13AM  CNBC Videos]
▶ Should You Buy SiteOne Landscape Supply Inc (SITE)?   [Dec-07-16 08:44PM  at Insider Monkey]
▶ Is BofI Holding, Inc. (BOFI) A Good Stock To Buy?   [04:53PM  at Insider Monkey]
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