CAC
Camden National Corporation
Banks - Regional
Market Cap$825M
5Y Perf.+45.0%
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Stock Comparison
CAC vs NBTB vs CNOB
Revenue, margins, valuation, and 5-year total return — side by side.
NBTB
NBT Bancorp Inc.
Banks - Regional
Market Cap$2.35B
5Y Perf.+43.9%
CNOB
ConnectOne Bancorp, Inc.
Banks - Regional
Market Cap$1.50B
5Y Perf.+104.0%
CAC vs NBTB vs CNOB — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | CAC | NBTB | CNOB |
|---|---|---|---|
| Industry | Banks - Regional | Banks - Regional | Banks - Regional |
| Market Cap | $825M | $2.35B | $1.50B |
| Revenue (TTM) | $367M | $867M | $606M |
| Net Income (TTM) | $65M | $169M | $80M |
| Gross Margin | 62.8% | 72.1% | 44.2% |
| Operating Margin | 22.2% | 25.3% | 18.6% |
| Forward P/E | 9.0x | 10.8x | 9.3x |
| Total Debt | $644M | $327M | $1.17B |
| Cash & Equiv. | $97M | $185M | $92M |
CAC vs NBTB vs CNOB — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
CAC
NBTB
CNOB
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Camden National Cor… (CAC) | 100 | 145.0 | +45.0% |
| NBT Bancorp Inc. (NBTB) | 100 | 143.9 | +43.9% |
| ConnectOne Bancorp,… (CNOB) | 100 | 204.0 | +104.0% |
Price return only. Dividends and distributions are not included.
Quick Verdict: CAC vs NBTB vs CNOB
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: CAC and CNOB are tied at the top with 3 categories each — the right choice depends on your priorities. ConnectOne Bancorp, Inc. is the stronger pick specifically for profitability and margin quality and recent price momentum and sentiment. As sector peers, any of these can serve as alternatives in the same allocation.
CAC
Camden National Corporation
The Banking Pick
CAC has the current edge in this matchup, primarily because of its strength in growth exposure and long-term compounding.
- Rev growth 26.8%, EPS growth 6.1%
- 122.9% 10Y total return vs NBTB's 102.2%
- Beta 0.99, yield 3.5%, current ratio 1.77x
Best for: growth exposure and long-term compounding
NBTB
NBT Bancorp Inc.
The Banking Pick
NBTB is the clearest fit if your priority is income & stability and sleep-well-at-night.
- Dividend streak 12 yrs, beta 0.89, yield 3.2%
- Lower volatility, beta 0.89, Low D/E 17.3%, current ratio 1.60x
- NIM 3.1% vs CNOB's 2.5%
Best for: income & stability and sleep-well-at-night
CNOB
ConnectOne Bancorp, Inc.
The Banking Pick
CNOB is the clearest fit if your priority is quality and momentum.
- Efficiency ratio 0.3% vs NBTB's 0.5% (lower = leaner)
- +30.6% vs NBTB's +9.0%
- Efficiency ratio 0.3% vs NBTB's 0.5%
Best for: quality and momentum
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | CAC | 26.8% NII/revenue growth vs NBTB's 10.4% |
| Value | CAC | Lower P/E (9.0x vs 9.3x) |
| Quality / Margins | CNOB | Efficiency ratio 0.3% vs NBTB's 0.5% (lower = leaner) |
| Stability / Safety | NBTB | Beta 0.89 vs CNOB's 1.10, lower leverage |
| Dividends | CAC | 3.5% yield, 1-year raise streak, vs NBTB's 3.2% |
| Momentum (1Y) | CNOB | +30.6% vs NBTB's +9.0% |
| Efficiency (ROA) | CNOB | Efficiency ratio 0.3% vs NBTB's 0.5% |
CAC vs NBTB vs CNOB — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
FY 2025
Segment breakdown not available.
CAC vs NBTB vs CNOB — Financial Metrics
Side-by-side numbers across 3 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLNBTBLAGGINGCNOB
CNOBConnectOne Bancorp, I…
1leads
CACCamden National Corpo…
1leads
NBTBNBT Bancorp Inc.
2leads
6 Total Categories
CATEGORYLEADERvs CACvs CNOBMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
NBTB4/5
Valuation MetricsMultiples, price ratios, and targets
CAC3/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
NBTB7/9
Total Returns1Y, 3Y, 5Y total returns with dividends
CNOB4/6
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
Tied
—
Income & Cash Flow (Last 12 Months)
NBTB leads this category, winning 4 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
NBTB is the larger business by revenue, generating $867M annually — 2.4x CAC's $367M. NBTB is the more profitable business, keeping 19.5% of every revenue dollar as net income compared to CNOB's 13.3%.
| Metric | CACCamden National C… | NBTBNBT Bancorp Inc. | CNOBConnectOne Bancor… |
|---|---|---|---|
| RevenueTrailing 12 months | $367M | $867M | $606M |
| EBITDAEarnings before interest/tax | $92M | $241M | $122M |
| Net IncomeAfter-tax profit | $65M | $169M | $80M |
| Free Cash FlowCash after capex | $17M | $225M | $102M |
| Gross MarginGross profit ÷ Revenue | +62.8% | +72.1% | +44.2% |
| Operating MarginEBIT ÷ Revenue | +22.2% | +25.3% | +18.6% |
| Net MarginNet income ÷ Revenue | +17.7% | +19.5% | +13.3% |
| FCF MarginFCF ÷ Revenue | +16.2% | +25.2% | +16.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | +33.0% | +39.5% | +53.1% |
NBTB leads this category, winning 4 of 5 comparable metrics.
Valuation Metrics
CAC leads this category, winning 3 of 6 comparable metrics.
Valuation Metrics
At 12.7x trailing earnings, CAC trades at a 37% valuation discount to CNOB's 20.2x P/E. On an enterprise value basis, NBTB's 10.4x EV/EBITDA is more attractive than CNOB's 22.9x.
| Metric | CACCamden National C… | NBTBNBT Bancorp Inc. | CNOBConnectOne Bancor… |
|---|---|---|---|
| Market CapShares × price | $825M | $2.4B | $1.5B |
| Enterprise ValueMkt cap + debt − cash | $1.4B | $2.5B | $2.6B |
| Trailing P/EPrice ÷ TTM EPS | 12.66x | 13.53x | 20.21x |
| Forward P/EPrice ÷ next-FY EPS est. | 8.98x | 10.80x | 9.26x |
| PEG RatioP/E ÷ EPS growth rate | — | 1.92x | — |
| EV / EBITDAEnterprise value multiple | 14.99x | 10.35x | 22.90x |
| Price / SalesMarket cap ÷ Revenue | 2.25x | 2.71x | 2.48x |
| Price / BookPrice ÷ Book value/share | 1.18x | 1.21x | 0.96x |
| Price / FCFMarket cap ÷ FCF | 13.87x | 10.75x | 14.89x |
CAC leads this category, winning 3 of 6 comparable metrics.
Profitability & Efficiency
NBTB leads this category, winning 7 of 9 comparable metrics.
Profitability & Efficiency
CAC delivers a 9.8% return on equity — every $100 of shareholder capital generates $10 in annual profit, vs $5 for CNOB. NBTB carries lower financial leverage with a 0.17x debt-to-equity ratio, signaling a more conservative balance sheet compared to CAC's 0.92x. On the Piotroski fundamental quality scale (0–9), CAC scores 8/9 vs CNOB's 4/9, reflecting strong financial health.
| Metric | CACCamden National C… | NBTBNBT Bancorp Inc. | CNOBConnectOne Bancor… |
|---|---|---|---|
| ROE (TTM)Return on equity | +9.8% | +9.5% | +5.5% |
| ROA (TTM)Return on assets | +0.9% | +1.1% | +0.6% |
| ROICReturn on invested capital | +5.1% | +7.9% | +3.5% |
| ROCEReturn on capital employed | +2.3% | +2.4% | +1.5% |
| Piotroski ScoreFundamental quality 0–9 | 8 | 7 | 4 |
| Debt / EquityFinancial leverage | 0.92x | 0.17x | 0.74x |
| Net DebtTotal debt minus cash | $547M | $142M | $1.1B |
| Cash & Equiv.Liquid assets | $97M | $185M | $92M |
| Total DebtShort + long-term debt | $644M | $327M | $1.2B |
| Interest CoverageEBIT ÷ Interest expense | 0.70x | 1.05x | 0.39x |
NBTB leads this category, winning 7 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
CNOB leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in NBTB five years ago would be worth $12,989 today (with dividends reinvested), compared to $11,794 for CNOB. Over the past 12 months, CNOB leads with a +30.6% total return vs NBTB's +9.0%. The 3-year compound annual growth rate (CAGR) favors CNOB at 30.9% vs NBTB's 15.5% — a key indicator of consistent wealth creation.
| Metric | CACCamden National C… | NBTBNBT Bancorp Inc. | CNOBConnectOne Bancor… |
|---|---|---|---|
| YTD ReturnYear-to-date | +14.9% | +9.3% | +15.2% |
| 1-Year ReturnPast 12 months | +28.2% | +9.0% | +30.6% |
| 3-Year ReturnCumulative with dividends | +82.1% | +54.1% | +124.5% |
| 5-Year ReturnCumulative with dividends | +19.3% | +29.9% | +17.9% |
| 10-Year ReturnCumulative with dividends | +122.9% | +102.2% | +109.0% |
| CAGR (3Y)Annualised 3-year return | +22.1% | +15.5% | +30.9% |
CNOB leads this category, winning 4 of 6 comparable metrics.
Risk & Volatility
Evenly matched — NBTB and CNOB each lead in 1 of 2 comparable metrics.
Risk & Volatility
NBTB is the less volatile stock with a 0.89 beta — it tends to amplify market swings less than CNOB's 1.10 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. CNOB currently trades 97.6% from its 52-week high vs CAC's 91.8% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | CACCamden National C… | NBTBNBT Bancorp Inc. | CNOBConnectOne Bancor… |
|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.99x | 0.89x | 1.10x |
| 52-Week HighHighest price in past year | $52.94 | $46.92 | $30.65 |
| 52-Week LowLowest price in past year | $35.00 | $39.20 | $21.79 |
| % of 52W HighCurrent price vs 52-week peak | +91.8% | +96.1% | +97.6% |
| RSI (14)Momentum oscillator 0–100 | 50.7 | 57.3 | 66.7 |
| Avg Volume (50D)Average daily shares traded | 94K | 236K | 354K |
Evenly matched — NBTB and CNOB each lead in 1 of 2 comparable metrics.
Analyst Outlook
Evenly matched — CAC and NBTB each lead in 1 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: CAC as "Buy", NBTB as "Hold", CNOB as "Buy". Consensus price targets imply 13.7% upside for CNOB (target: $34) vs 2.1% for NBTB (target: $46). For income investors, CAC offers the higher dividend yield at 3.45% vs CNOB's 2.12%.
| Metric | CACCamden National C… | NBTBNBT Bancorp Inc. | CNOBConnectOne Bancor… |
|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold | Buy |
| Price TargetConsensus 12-month target | $53.00 | $46.00 | $34.00 |
| # AnalystsCovering analysts | 6 | 10 | 11 |
| Dividend YieldAnnual dividend ÷ price | +3.5% | +3.2% | +2.1% |
| Dividend StreakConsecutive years of raises | 1 | 12 | 0 |
| Dividend / ShareAnnual DPS | $1.68 | $1.43 | $0.63 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +0.4% | +0.1% |
Evenly matched — CAC and NBTB each lead in 1 of 2 comparable metrics.
Key Takeaway
NBTB leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). CAC leads in 1 (Valuation Metrics). 2 tied.
Best OverallNBT Bancorp Inc. (NBTB)Leads 2 of 6 categories
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CAC vs NBTB vs CNOB: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is CAC or NBTB or CNOB a better buy right now?
For growth investors, Camden National Corporation (CAC) is the stronger pick with 26.
8% revenue growth year-over-year, versus 10. 4% for NBT Bancorp Inc. (NBTB). Camden National Corporation (CAC) offers the better valuation at 12. 7x trailing P/E (9. 0x forward), making it the more compelling value choice. Analysts rate Camden National Corporation (CAC) a "Buy" — based on 6 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — CAC or NBTB or CNOB?
On trailing P/E, Camden National Corporation (CAC) is the cheapest at 12.
7x versus ConnectOne Bancorp, Inc. at 20. 2x. On forward P/E, Camden National Corporation is actually cheaper at 9. 0x.
03Which is the better long-term investment — CAC or NBTB or CNOB?
Over the past 5 years, NBT Bancorp Inc.
(NBTB) delivered a total return of +29. 9%, compared to +17. 9% for ConnectOne Bancorp, Inc. (CNOB). Over 10 years, the gap is even starker: CAC returned +122. 9% versus NBTB's +102. 2%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — CAC or NBTB or CNOB?
By beta (market sensitivity over 5 years), NBT Bancorp Inc.
(NBTB) is the lower-risk stock at 0. 89β versus ConnectOne Bancorp, Inc. 's 1. 10β — meaning CNOB is approximately 24% more volatile than NBTB relative to the S&P 500. On balance sheet safety, NBT Bancorp Inc. (NBTB) carries a lower debt/equity ratio of 17% versus 92% for Camden National Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — CAC or NBTB or CNOB?
By revenue growth (latest reported year), Camden National Corporation (CAC) is pulling ahead at 26.
8% versus 10. 4% for NBT Bancorp Inc. (NBTB). On earnings-per-share growth, the picture is similar: NBT Bancorp Inc. grew EPS 12. 5% year-over-year, compared to -15. 9% for ConnectOne Bancorp, Inc.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — CAC or NBTB or CNOB?
NBT Bancorp Inc.
(NBTB) is the more profitable company, earning 19. 5% net margin versus 13. 3% for ConnectOne Bancorp, Inc. — meaning it keeps 19. 5% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: NBTB leads at 25. 3% versus 18. 6% for CNOB. At the gross margin level — before operating expenses — NBTB leads at 72. 1%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is CAC or NBTB or CNOB more undervalued right now?
On forward earnings alone, Camden National Corporation (CAC) trades at 9.
0x forward P/E versus 10. 8x for NBT Bancorp Inc. — 1. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for CNOB: 13. 7% to $34. 00.
08Which pays a better dividend — CAC or NBTB or CNOB?
All stocks in this comparison pay dividends.
Camden National Corporation (CAC) offers the highest yield at 3. 5%, versus 2. 1% for ConnectOne Bancorp, Inc. (CNOB).
09Is CAC or NBTB or CNOB better for a retirement portfolio?
For long-horizon retirement investors, NBT Bancorp Inc.
(NBTB) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 89), 3. 2% yield, +102. 2% 10Y return). Both have compounded well over 10 years (NBTB: +102. 2%, CNOB: +109. 0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between CAC and NBTB and CNOB?
Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: CAC is a small-cap high-growth stock; NBTB is a small-cap deep-value stock; CNOB is a small-cap quality compounder stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
%
(CAC: 26.8% · NBTB: 10.4%)Net Margin>
%
(CAC: 17.7% · NBTB: 19.5%)P/E Ratio<
x
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