Is NBTB or NFBK more undervalued in 2026?

CirclFi compares NBT Bancorp Inc. (NBTB) and Northfield Bancorp, Inc. (NFBK) using 13 institutional-grade valuation models. NBTB has a Quality of Company score of 8.4/10 while NFBK scores 7.7/10.

Which is a better buy — NBTB or NFBK?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do NBTB and NFBK valuations compare?

NBTB at $46.25 and NFBK at $14.26 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

NBTB vs NFBK Valuation Comparison 2026 — Intrinsic Value Analysis

NBTB

Banks - Regional

NBT Bancorp Inc.

Quality

8.4

out of 10

Value Trap

SAFE

Price

$46.25

Last close

Models

11/13

Active

NFBK

Banks - Regional

Northfield Bancorp, Inc.

Quality

7.7

out of 10

Value Trap

SAFE

Price

$14.26

Last close

Models

10/13

Active

Model-by-Model Comparison

Model	Type	NBTB Fair Value	NBTB Upside	NFBK Fair Value	NFBK Upside
Bayesian DCF	Intrinsic	$30.44	-34.2%	$2.48	-82.6%
Earnings Power Value	Intrinsic	$40.40	-12.6%	$3.00	-78.8%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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NBTB vs NFBK — Which Stock Is More Undervalued?

NBTB scores higher with a 8.4/10 quality rating vs NFBK's 7.7/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing NBT Bancorp Inc. (NBTB) and Northfield Bancorp, Inc. (NFBK) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

NBTB currently trades at $46.25 with a QOC of 8.4/10, while NFBK trades at $14.26 with a QOC of 7.7/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).