Merchants Bancorp (MBIN) vs NBT Bancorp (NBTB)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 10, 2026.
Summary
Merchants Bancorp (MBIN) has outperformed NBT Bancorp (NBTB) over the past year, gaining 52.3% versus a gain of 22.8%. Over five years, MBIN leads with a +75.8% price change compared with +36.5% for NBTB. NBT Bancorp is the larger company by market cap ($2.60 billion vs $2.25 billion), about 1.2 times the size.
On valuation, Merchants Bancorp trades at a lower forward P/E (8.1x vs 11.0x for NBT Bancorp). NBT Bancorp offers the higher dividend yield (2.96% vs 0.86%). NBT Bancorp converts more of its revenue into profit, with a net margin of 92.5% versus 32.1%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | MBIN | NBTB |
|---|---|---|
| Share price | $48.92 | $50.06 |
| Market cap | $2.25B | $2.60B |
| 1-day change | -1.77% | -0.93% |
| YTD return | +43.63% | +20.57% |
| 1-year return | +52.30% | +22.85% |
| 5-year return | +75.76% | +36.51% |
| P/E ratio (TTM) | 9.82 | 12.24 |
| Forward P/E | 8.14 | 10.96 |
| EPS (TTM) | $4.98 | $4.09 |
| Dividend yield | 0.86% | 2.96% |
| Annual dividend | $0.42 | $1.48 |
| Revenue (latest FY) | $681.45M | $182.95M |
| Revenue growth (YoY) | +1.60% | +10.40% |
| Net income (latest FY) | $218.77M | $169.24M |
| Net margin | 32.10% | 92.50% |
| 52-week high | $56.87 | $54.50 |
| 52-week low | $30.37 | $39.20 |
| Distance from 52-week high | -13.98% | -8.15% |
| Analyst consensus | hold | hold |
| Avg. price target upside | +30.83% | +14.86% |
| Average volume | 186.70K | 350.07K |
| Shares outstanding | 45.94M | 51.96M |
| Employees | 735 | 2,303 |
| Sector | Finance | Finance |
| Industry | Major Banks | Major Banks |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- MBIN has outperformed NBTB by 29.5 percentage points over the past year.
- NBT Bancorp offers a meaningfully higher dividend yield (2.96% vs 0.86%).
- NBT Bancorp is more profitable, keeping 92.5 cents of every revenue dollar as net income versus 32.1 cents for Merchants Bancorp.
- NBT Bancorp grew revenue faster in its latest fiscal year (+10.40% vs +1.60%).
About Merchants Bancorp
MBIN stock →Merchants Bancorp operates as the diversified bank holding company in the United States. It operates through three segments: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking.
Finance · Major Banks · 735 employees
About NBT Bancorp
NBTB stock →NBT Bancorp Inc., a financial holding company, provides personal and commercial banking, retail banking, and wealth management services in the United States. It operates through Banking, Retirement Plan Administration, and All Other segments.
Finance · Major Banks · 2,303 employees
MBIN vs NBTB FAQ
Which is bigger, Merchants Bancorp or NBT Bancorp?
NBT Bancorp (NBTB) is larger, with a market capitalization of $2.60B compared with $2.25B for Merchants Bancorp (MBIN).
Which stock has performed better over the past year, MBIN or NBTB?
MBIN returned +52.30% over the past 12 months, compared with +22.85% for NBTB (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, MBIN or NBTB?
MBIN has the lower trailing P/E at 9.8, versus 12.2 for NBTB. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Merchants Bancorp or NBT Bancorp?
NBT Bancorp has the higher yield at 2.96%, compared with 0.86% for Merchants Bancorp.
Are Merchants Bancorp and NBT Bancorp in the same industry?
Yes. Both are classified in the Major Banks industry within the Finance sector.