Which has the lower trailing P/E, MBINM or NBTB?

MBINM has the lower trailing P/E: MBINM trades at 5.12 and NBTB at 12.47. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, MBINM or NBTB?

Over the past five years, MBINM grew revenue faster — MBINM at a 23.60% CAGR versus NBTB at 14.08%.

Does MBINM or NBTB pay a bigger dividend?

MBINM yields 8.13% and NBTB yields 2.95% based on trailing dividends and the latest price.

Is MBINM or NBTB more profitable?

NBTB runs the higher net margin — MBINM at 20.51% versus NBTB at 22.65%.

Merchants Bancorp (MBINM) vs NBT Bancorp Inc. (NBTB)

A side-by-side comparison of Merchants Bancorp and NBT Bancorp Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.

MBINM

Merchants Bancorp

$2.54B

$25.48Financial ServicesDelayed quote: Oct 6, 2026, 11:34 AM EDT

NBTB

NBT Bancorp Inc.

$2.65B

$50.88Financial ServicesDelayed quote: Oct 6, 2026, 11:44 AM EDT

Total return — MBINM vs NBTB

growth of $100 · dividends reinvested · last 4y

MBINM +41.9% (+9.1%/yr)NBTB +51.7% (+11.0%/yr)NBTB compounded faster over this window

MBINM NBTB

MBINM vs NBTB: by the numbers

•NBTB is the larger company ($2.65B vs $2.54B market cap).
•MBINM trades at the lower trailing earnings multiple (5.12 vs 12.47 P/E), one valuation lens rather than an overall verdict.
•NBTB converts more revenue to profit (22.65% vs 20.51% net margin).
•MBINM grew revenue faster over the past five years (23.60% vs 14.08% CAGR).
•MBINM pays the higher dividend yield (8.13% vs 2.95%).

Metrics side by side

Valuation

Metric	MBINM	NBTB
P/E ratio	5.12	12.47
Forward P/E	4.57	12.19
PEG ratio	N/A	1.77
P/S ratio	1.94	2.80
P/B ratio	1.38	1.36

Profitability

Metric	MBINM	NBTB
Operating margin	21.15%	29.34%
Net margin	20.51%	22.65%
ROE	11.22%	11.02%

Merchants Bancorp: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.

NBT Bancorp Inc.: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.

Dividends

Metric	MBINM	NBTB
Dividend yield	8.13%	2.95%
Payout ratio	41.41%	37.01%

Growth (annualized)

Metric	MBINM	NBTB
Revenue CAGR (5Y)	23.60%	14.08%
EPS CAGR (5Y)	-0.37%	6.92%
Total return CAGR (5Y)	N/A	10.28%

Frequently asked

Which has the lower trailing P/E, MBINM or NBTB?: MBINM has the lower trailing P/E: MBINM trades at 5.12 and NBTB at 12.47. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, MBINM or NBTB?: Over the past five years, MBINM grew revenue faster — MBINM at a 23.60% CAGR versus NBTB at 14.08%.
Does MBINM or NBTB pay a bigger dividend?: MBINM yields 8.13% and NBTB yields 2.95% based on trailing dividends and the latest price.
Is MBINM or NBTB more profitable?: NBTB runs the higher net margin — MBINM at 20.51% versus NBTB at 22.65%.

Go deeper

Full MBINM analysis Full NBTB analysis Interactive comparison tool

Dig into the metrics

Merchants Bancorp P/E ratio NBT Bancorp P/E ratio Merchants Bancorp dividend yield NBT Bancorp dividend yield Merchants Bancorp ROE NBT Bancorp ROE Merchants Bancorp operating margin NBT Bancorp operating margin Merchants Bancorp revenue growth NBT Bancorp revenue growth

Merchants Bancorp & NBT Bancorp appear in these rankings

Highest Dividend Yield Stocks Fastest Revenue Growth Stocks Lowest P/E Ratio Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.