Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the operating margin high or low?
The operating margin of 29.34% is in line with its 5-year average of 28.87%, around the middle of its 5-year range (13.71%–42.62%).
As of the fiscal period ended Tuesday, June 30, 2026. 11.96% above its 12-month average of 26.21%.
Reported quarterly operating margin; no daily interpolation. Q2 FY2026 (2026-06-30): 29.35%.
OPERATING MARGIN
29.34%
OPERATING MARGIN AVG TTM
26.21%
OPERATING MARGIN AVG 3Y
23.87%
OPERATING MARGIN AVG 5Y
28.87%
OPERATING MARGIN AVG 10Y
29.70%
OPERATING MARGIN AVG 15Y
28.67%
OPERATING MARGIN AVG 20Y
26.55%
CURRENT VS TTM AVG
+11.96%
CURRENT VS 3Y AVG
+22.94%
CURRENT VS 5Y AVG
+1.64%
CURRENT VS 10Y AVG
-1.23%
CURRENT VS 15Y AVG
+2.33%
CURRENT VS 20Y AVG
+10.51%
SECTOR MEDIAN · FINANCIAL SERVICES
16.48%
median of 607 covered companies
CURRENT VS SECTOR MEDIAN
+78.03%
vs the sector median at left
NBT Bancorp Inc.
Market Cap
$2.64B
Operating Margin
29.34%
TTM Avg
26.21%
3Y Avg
23.87%
5Y Avg
28.87%
Market Cap
$2.59B
Operating Margin
7.27%
TTM Avg
5.84%
3Y Avg
1.24%
5Y Avg
-1.70%
Market Cap
$2.54B
Operating Margin
21.15%
TTM Avg
24.27%
3Y Avg
31.54%
5Y Avg
42.14%
Market Cap
$2.51B
Operating Margin
18.95%
TTM Avg
23.33%
3Y Avg
27.11%
5Y Avg
30.37%
Market Cap
$2.49B
Operating Margin
16.52%
TTM Avg
20.51%
3Y Avg
24.97%
5Y Avg
27.51%
Market Cap
$2.49B
Operating Margin
11.80%
TTM Avg
4.17%
3Y Avg
13.40%
5Y Avg
19.64%
Market Cap
$2.79B
Operating Margin
18.95%
TTM Avg
23.33%
3Y Avg
27.11%
5Y Avg
30.37%
Market Cap
$2.44B
Operating Margin
-135.44%
TTM Avg
-42.42%
3Y Avg
15.56%
5Y Avg
34.37%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| NBT Bancorp Inc. (NBTB) | $2.64B | 29.34% | 26.21% | 23.87% | 28.87% |
| The Baldwin Insurance Group, Inc. (BWIN)vs › | $2.59B | 7.27% | 5.84% | 1.24% | -1.70% |
| Merchants Bancorp (MBINM)vs › | $2.54B | 21.15% | 24.27% | 31.54% | 42.14% |
| First Merchants Corporation (FRME)vs › | $2.51B | 18.95% | 23.33% | 27.11% | 30.37% |
| First Busey Corporation (BUSE)vs › | $2.49B | 16.52% | 20.51% | 24.97% | 27.51% |
| First Bancorp (FBNC)vs › | $2.50B | 26.56% | 22.52% | 28.71% | 30.71% |
| Columbia Financial, Inc. (CLBK)vs › | $2.49B | 11.80% | 4.17% | 13.40% | 19.64% |
| First Merchants Corporation (FRMEP)vs › | $2.79B | 18.95% | 23.33% | 27.11% | 30.37% |
| Oxford Lane Capital Corp. (OXLCM)vs › | $2.44B | -135.44% | -42.42% | 15.56% | 34.37% |
| Merchants Bancorp (MBINN)vs › | $2.39B | 21.15% | 24.27% | 31.54% | 42.14% |
Operating Margin
29.3%
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.
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | OPERATING MARGIN |
|---|---|
| 2026-06-30 | 29.35% |
| 2026-03-31 | 28.64% |
| 2025-12-31 | 29.25% |
| 2025-09-30 | 30.08% |
| 2025-06-30 | 13.71% |
| 2025-03-31 | 23.47% |
| 2024-12-31 | 22.83% |
| 2024-09-30 | 24.21% |
| 2024-06-30 | 21.69% |
| 2024-03-31 | 22.53% |
| 2023-12-31 | 21.06% |
| 2023-09-30 | 17.93% |
| 2023-06-30 | 25.49% |
| 2023-03-31 | 29.88% |
| 2022-12-31 | 32.81% |
| 2022-09-30 | 37.16% |
| 2022-06-30 | 36.81% |
| 2022-03-31 | 39.75% |
| 2021-12-31 | 37.15% |
| 2021-09-30 | 39.79% |
| 2021-06-30 | 42.62% |
| 2021-03-31 | 42.23% |
| 2020-12-31 | 35.29% |
| 2020-09-30 | 37.76% |
| 2020-06-30 | 25.69% |
| 2020-03-31 | 9.76% |
| 2019-12-31 | 29.61% |
| 2019-09-30 | 31.80% |
| 2019-06-30 | 31.11% |
| 2019-03-31 | 29.94% |
| 2018-12-31 | 25.39% |
| 2018-09-30 | 31.89% |
| 2018-06-30 | 30.70% |
| 2018-03-31 | 29.81% |
| 2017-12-31 | 30.37% |
| 2017-09-30 | 31.70% |
| 2017-06-30 | 30.36% |
| 2017-03-31 | 28.05% |
| 2016-12-31 | 29.63% |
| 2016-09-30 | 29.95% |
| 2016-06-30 | 30.12% |
| 2016-03-31 | 29.32% |
| 2015-12-31 | 29.52% |
| 2015-09-30 | 31.96% |
| 2015-06-30 | 30.27% |
| 2015-03-31 | 29.45% |
| 2014-12-31 | 28.65% |
| 2014-09-30 | 17.34% |
| 2014-06-30 | 44.23% |
| 2014-03-31 | 28.59% |
| 2013-12-31 | 28.45% |
| 2013-09-30 | 29.10% |
| 2013-06-30 | 25.70% |
| 2013-03-31 | 12.97% |
| 2012-12-31 | 23.53% |
| 2012-09-30 | 24.36% |
| 2012-06-30 | 24.12% |
| 2012-03-31 | 24.07% |
| 2011-12-31 | 22.04% |
| 2011-09-30 | 25.42% |
| 2011-06-30 | 26.02% |
| 2011-03-31 | 25.38% |
| 2010-12-31 | 22.22% |
| 2010-09-30 | 23.02% |
| 2010-06-30 | 23.99% |
| 2010-03-31 | 23.00% |
| 2009-12-31 | 19.96% |
| 2009-09-30 | 21.92% |
| 2009-06-30 | 19.00% |
| 2009-03-31 | 21.29% |
| 2008-12-31 | 22.61% |
| 2008-09-30 | 23.51% |
| 2008-06-30 | 23.75% |
| 2008-03-31 | 21.65% |
| 2007-12-31 | 13.37% |
| 2007-09-30 | 23.16% |
| 2007-06-30 | 19.41% |
| 2007-03-31 | 23.09% |
| 2006-12-31 | 21.95% |
| 2006-09-30 | 24.13% |
| 2006-06-30 | 24.33% |
| 2006-03-31 | 24.69% |
| 2005-12-31 | 25.56% |
| 2005-09-30 | 26.86% |
| 2005-08-05 | 28.09% |
| 2005-03-31 | 28.48% |
| 2004-12-31 | 26.01% |
| 2004-09-30 | 29.35% |
| 2004-06-30 | 30.16% |
| 2004-03-31 | 29.29% |
| 2003-12-31 | 27.77% |
| 2003-09-30 | 28.20% |
| 2003-06-30 | 28.37% |
| 2003-03-31 | 27.60% |
| 2002-12-31 | 28.81% |
| 2002-09-30 | 26.14% |
